Consumer complaint received 2024-11-06
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: TRANSUNION INTERMEDIATE HOLDINGS, INC. (VA)

Here is a Notice of Intent to Sue targeting TransUnion, XXXX, and XXXX regarding the inaccurate reporting of the XXXX XXXX account. This letter incorporates references to FCRA, CFPB, IRS guidelines, Metro 2 standards, XXXX Congressional laws, and relevant case law to support your request for removal of inaccuracies and {$1000.00} per violation. 

XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXX XX/XX/XXXX Subject : Notice of Intent to Sue for Removal of Account and {$1000.00} per Violation Due to FCRA, CFPB, IRS, Metro 2, XXXX Congressional Compliance Violations, and Supporting Case Law To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against TransUnion, XXXX, and XXXX for the inaccurate reporting of my CRDT FIRST account ( Account # : XXXX ) on my credit report. Despite prior disputes, the account remains misreported across the credit bureaus, violating the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, Metro 2 standards, and U.S. Congressional laws. I am seeking immediate correction of these inaccuracies and compensation of {$1000.00} per violation. 

Account Overview and Dispute Summary The XXXX XXXX account, a revolving charge account opened on XX/XX/XXXX, is inaccurately reported with a balance of {$1600.00} and a past due amount of {$1600.00}. This account is listed as Collection/Charge off with various comments such as Charged off as bad debt, Profit and loss write-off, and Consumer disputes - reinvestigation in progress. Furthermore, discrepancies regarding dates of last activity, last payment, and charge-off status create inconsistencies and harm my credit profile. 

XXXX. Violations of the Fair Credit Reporting Act ( FCRA ) The FCRA mandates that credit reporting agencies provide accurate information and promptly correct or remove any information that can not be verified. The continued inaccurate reporting of the XXXX XXXX account violates : 15 U.S.C. 1681s-2 This section requires data furnishers and credit bureaus to provide accurate reporting. The conflicting charge-off statuses, last activity dates, and unverified derogatory information violate this statute.

15 U.S.C. 1681i Mandates credit bureaus to investigate disputes and correct or delete any information that is inaccurate or can not be verified. TransUnion, XXXX, and XXXX failure to conduct a reasonable investigation, despite my repeated disputes, constitutes non-compliance. 
In TransUnion LLC v. Ramirez, 141 S. Ct. 2190 ( XXXX ), the Supreme Court ruled that credit reporting agencies are liable for inaccuracies that cause harm to consumers. This ruling underscores the agencies ' duty to ensure accurate data and demonstrates their liability for uncorrected errors that harm consumers credit profiles. 

Additionally, in XXXX XXXX XXXX XXXX XXXX XXXX XXXX, 257 F.3d 409 ( 4th Cir. 2001 ), the court ruled that failing to conduct a reasonable investigation into disputed information can lead to liability under the FCRA. TransUnion, XXXX, and XXXX failure to verify and correct my disputes reflects a lack of adherence to this standard. 

2. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations The CFPB mandates that credit reporting agencies avoid deceptive and unfair practices. By continuing to report conflicting information and inaccurate derogatory statuses on my CRDT FIRST account, TransUnion, XXXX, and XXXX are engaging in deceptive practices that harm my creditworthiness and violate CFPB guidelines. 

3. Violations of IRS XXXX XXXX IRS guidelines require accurate reporting of charged-off or written-off accounts to avoid unnecessary tax implications. The inaccurate charge-off status, past due balance, and misleading profit and loss remarks could lead to tax implications that misrepresent my financial obligations. This reporting conflicts with IRS standards for precise debt reporting. 

4. Violations of Metro 2 Compliance Standards Using Data Codes The reporting of the XXXX XXXX account does not comply with Metro 2 standards, which establish guidelines for consistent and accurate reporting across all credit bureaus. Key fields reported inaccurately include : Account Status Code ( Field XXXX ) The accounts status should consistently reflect an Account Status Code of XXXX ( Charge-off ) if applicable, or XXXX ( Paid/Closed ) if resolved. The inconsistent reporting across charge-off and derogatory statuses violates Metro 2s standards. 
Compliance Condition Code ( Field XXXX ) Given the unresolved status and ongoing dispute, the XB ( Account information disputed by consumer ) should be applied uniformly across all bureaus to indicate that this account is under dispute. 
XXXX XXXX XXXX ( XXXX XXXX ) Discrepancies in delinquency reporting ( e.g., XXXX, XXXX, XXXX days past due ) should be consistent, with unverifiable delinquency remarks removed. 
XXXX. Violations of XXXX XXXX XXXX XXXX XXXX XXXX enacted the Dodd-Frank Act and the Fair Credit Reporting Act to protect consumers from inaccurate reporting. These laws ensure credit data integrity and shield consumers from the consequences of incorrect reporting. The continued non-compliance by TransUnion, XXXX, and XXXX violates these protections by reporting misleading and unverified data on my credit report. 

Remedy Sought To resolve these violations without litigation, I request that TransUnion, XXXX, and XXXX : Remove all erroneous derogatory notations, charge-offs, and past-due information on the XXXX XXXX account. 
Provide written confirmation of these corrections across all three major credit bureaus to ensure accuracy and consistency. 
Compensate me {$1000.00} per violation for each instance of inaccurate or unverified reporting, as permitted under FCRA and other federal laws. 
Should these actions not be completed within 30 days of receiving this letter, I am prepared to file a lawsuit seeking statutory, actual, and punitive damages, under FCRA, CFPB guidelines, IRS guidelines, Metro 2 compliance standards, and U.S. Congressional credit reporting laws. 

Conclusion This letter serves as the final opportunity for TransUnion, XXXX, and XXXX to correct these reporting violations. Failure to act within the specified timeframe will result in legal action, where I will seek full damages and corrective measures. 

Thank you for your prompt attention to this matter. 

Sincerely, XXXX XXXX XXXX