Consumer complaint received 2024-10-25
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: EQUIFAX, INC. (GA)

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  **Subject : Notice of Violation of FCRA, FDCPA, and FTC Regulations** Dear Sir/Madam, I am writing to formally notify you of apparent violations of the Fair Credit Reporting Act ( FCRA ), the Fair Debt Collection Practices Act ( FDCPA ), and Federal Trade Commission ( FTC ) rules and regulations concerning the handling and reporting of an account in my credit file. 

**Account Details : ** LAST : XXXX as provided on report - **Account Holder : ** [ XXXX XXXX ] - **Account Number : ** [ Your Account Number ] - **Date Closed : ** [ NONE STATED ] - **Original Charge-off Amount : ** {$180.00} - **Current Reported Amount : ** {$290.00} Upon reviewing my credit report, I observed several discrepancies involving Equifax and XXXX XXXX XXXX, including : 1. **Improper Reporting of Accrued Balance : ** An accrued balance has been reported month to month on an account that was closed 6 years ago. The account, initially closed with a charge-off amount of {$180.00}, now inaccurately reflects a balance of {$290.00}. At one time XXXX, as well. 

2. **Fraudulent Account Activity : ** There are instances of the account being opened and closed repeatedly during the investigative process.With month to month additions of XXXX dollars over 81 months ; as stated in credit file. While also refraining and or neglecting from listing a closed date ; despite account being reported closed and charged off for XXXX yrs XXXX  months. Such activity suggests attempts to circumvent responsibility and manipulate credit reporting unlawfully. 

These actions appear to violate the FCRA, which mandates accuracy and fairness in consumer reports, as well as the FDCPA regulations against deceptive practices in debt collection. The FTC also provides guidelines prohibiting such abusive tactics. 

**Demand for Restitution and Compensation : ** Due to these violations, I hereby demand restitution and compensation for the financial and emotional distress caused by these unlawful practices. I believe a sum of [ XXXX ] is appropriate to address damages incurred from your actions, including but not limited to potential impact on my credit score, financial hardships, and emotional distress. 

**Requested Actions : ** 1. **Immediate Correction : ** Adjust the reported balance of the account to reflect the original charge-off amount and remove any fraudulent entries.

2. **Payment of Compensation : ** Provide compensation in the amount specified above within 30 days.

3. **Cease and Desist : ** Suspend any deceptive practices concerning my account, including manipulating account statuses during disputes.

4. **Detailed Explanation : ** Provide a written explanation of how these inaccuracies occurred and steps being taken to rectify the situation.

5. **Confirmation of Compliance : ** Assure compliance with all applicable federal regulations going forward. 

Please consider this a written demand for action and compliance under the aforementioned laws. Failure to adequately address these issues, including the demand for restitution and compensation, will compel me to pursue further action, potentially involving legal counsel or filing a complaint with the Consumer Financial Protection Bureau ( CFPB ), along with consideration of litigation and other applicable sanctions. 

I expect to receive acknowledgment of this notice and a response detailing corrective actions and compensation arrangements within 15 days from the date of this letter. 

Thank you for your prompt attention to this matter. 

Sincerely, XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX