Consumer complaint received 2024-08-19
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: EQUIFAX, INC. (IL)

I am writing to formally file a complaint against Equifax for violating the Fair Credit Reporting Act ( FCRA ) by reporting inaccurate and unverified information on my credit report. Despite my repeated disputes and requests for reinvestigation, Equifax has failed to correct or remove this inaccurate information as required by XXXX XXXX. XXXX ( a ). Their continued reporting of this incorrect data is causing significant harm to my creditworthiness and financial stability. Despite these clear legal requirements, I have observed that the CFPB has FAILED to hold these credit reporting agencies ACCOUNTABLE for ongoing violations of these provisions. In many instances, inaccurate and unverified information remains on consumer credit reports, causing significant harm to consumers credit scores, financial stability, and overall well-being. The CFPBs failure to ENFORCE these laws effectively allows credit reporting agencies to act with impunity, ignoring the rights of consumers under the FCRA. In XX/XX/XXXX I made a complaint via the cfpb about EQUIFAX not correcting an existing problem with reporting inaccurate and unverified information AFTER A DISPUTE Equifax responded through the CFPB portal that every account I listed came back VERIFIED. I want to know how that could be when it shows on my Equifax credit report that THE DATE OF FIRST DELINQUENCY FOR XXXX XXXX {$1000.00}, IS XX/XX/XXXX but reports no data for the entire year of XXXX. It shows the first major delinquency is XX/XX/XXXX but not only does it show no data, but I also received a letter on XX/XX/XXXX showing a {$0.00} balance as of XX/XX/XXXX. ON the payment status it shows a charge off in XXXX XXXX. Last payment date for XXXX shows XX/XX/XXXX but Equifax shows XX/XX/XXXX. How can any bureau report that it's a charge off for XX/XX/XXXX when my letter shows a paid in full account from the original creditor in XX/XX/XXXX. XXXX XXXX  {$2200.00} Equifax XXXX DATE OF FIRST DELINQUENCY is XX/XX/XXXX but payment status shows the account being charged off in XXXX. EQUIFAX also shows XXXX and XXXX Showing the account being 150 days late? HOW could BOTH MONTHS be late 150 days? no data for XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, and XX/XX/XXXX. This account shows 120 days late in XXXX and XXXX FOR XXXX how is that 'VERIFIED ''? XXXX XXXX- {$3600.00}, Shows date of first delinquency ON EQUIFAX XXXX XX/XX/XXXX but credit report status shows XX/XX/XXXX, It shows no data from XXXX XXXX no data XXXX, its reported-ON TIME PAYMENTS ON XXXX CREDIT REPORT from XXXX XX/XX/XXXX, no data from XXXX. IF ITS VERIFIED THEN HOW COULD THIS ACCOUNT SHOW A CHARGE OFF FROM XXXX XXXX TO XXXX XXXX FOR XXXX BUT ON EQUIFAX IT SHOWS XXXX AS A COLLECTION? inconsistent and obviously not verified properlyXXXX XXXX XXXX XXXX$1700.00} Equifax is reporting LAST PAYMENT DATE XX/XX/XXXX XXXX is showing XX/XX/XXXX. XXXX and XXXX show account is paid, and Equifax shows its derogatory. If the last payment was reported on my CR on XX/XX/XXXX, why does it show no data? XXXX XXXX {$1600.00} shows DATE OF FIRST DELINQUENCY XX/XX/XXXX but shows no data for the payment status for the whole year in XXXX. It shows the last payment is XX/XX/XXXX but on my Equifax credit report it reports as a charged off account. I also have a letter from XXXX XXXX reporting a {$0.00} balance and nowhere in the letter did it say the account was charged off with a balance of {$1600.00}. XXXX XXXX XXXX  {$1200.00} Shows date of last payment as XX/XX/XXXX on my Equifax report but XX/XX/XXXX on my XXXX report. It reports DATE OF FIRST DELINQUENCY IS XX/XX/XXXX on Equifax but payment status shows no data for the year XXXX? Furthermore, it shows {$1200.00} CHARGED OFF and DATE OF FIRST DELIQUENCY IS XX/XX/XXXX on my Equifax credit report but my letter shows that the account was paid in full of a {$0.00} balance as of XX/XX/XXXX. HOW CAN AN ACCOUNT SHOW WRITTEN OFF, CHARGE OFF WITH A BALANCE but the letter says paid in full? XXXX XXXXXXXX XXXX {$1400.00} is Reporting to my Equifax as the PAST DUE payments for XXXX but on XXXX it shows on time payments from XXXX, XXXX Equifax is reporting the account as CHARGED XXXX. XXXX shows DATE OF LAST PAYMENT IS XX/XX/XXXX, Equifax says last payment is XX/XX/XXXX. It shows on Equifax the DATE OF FIRST DELINQUENCY XX/XX/XXXX BUT THE PAYMENT STATUS SHOWS THE DATE AS XX/XX/XXXX BEING FIRST DELIQUENCY. XXXX and XXXX show account status as paid but Equifax shows DEROGATORY. Equifax is reporting XXXX and XXXX is past due for 150 days how could both months be past due 150 days? Did you verify these inaccuracies? XXXX XXXX XXXX XXXX$20000.00} show the account as PAST DUE for XX/XX/XXXX, XX/XX/XXXX, and XX/XX/XXXX on Equifax but on XXXX is ON TIME PAYMENTS. It shows NO XXXX for the rest of the calendar year. How is that possible if the account was verified as a charged off account? It shows DATE OF LAST PAYMENT on Equifax XX/XX/XXXX but XX/XX/XXXX on XXXX. It shows high credit of {$23000.00} for XXXX but {$20000.00} for Equifax. NOT TO MENTION I AM A VICTIM OF THE EQUIFAX XXXX BREACH. I DID REAL INTENSIVE RESEARCH ON ALL ACCOUNTS THAT ARE NOT CONSISTENTLY REPORTING AND I HAVE ALREADY CONTACTED MY GENERAL ATTORNEY ON THIS MATTER! 
XXXX actions are in clear violation of the FCRA, specifically : 15 U.S.C. 1681e ( b ) : Failing to ensure maximum possible accuracy.

15 U.S.C. 1681i ( a ) ( 1 ) ( A ) : Failing to conduct a proper reinvestigation of disputed information.

15 U.S.C. 1681i ( a ) ( 5 ) ( A ) : Failing to promptly correct or delete inaccurate or unverifiable information. 
XXXX. XXXX v. Equifax Information Services, XXXX, XXXX XXXX XXXX ( XXXX Cir. XXXX ) XXXX : XXXX XXXX sued Equifax after it repeatedly failed to correct inaccurate information on his credit report, including incorrect personal identifying information and credit accounts that did not belong to him. Despite his disputes, Equifax continued to report the inaccurate information. 
Outcome : The court ruled in favor of XXXX, holding that Equifax willfully violated the Fair Credit Reporting Act ( FCRA ) by failing to reinvestigate and correct the disputed information. XXXX was awarded damages for Equifax 's noncompliance with FCRA obligations. 
XXXX. XXXX v. Equifax Information Services, XXXX, XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX. XXXX XXXX ) XXXX : XXXX XXXX XXXX filed a lawsuit against Equifax for reporting inaccurate information on her credit report. Despite her disputes and providing evidence that the information was incorrect, Equifax failed to correct the errors. 
Outcome : The court found that Equifax violated the FCRA by not properly investigating the dispute and failing to ensure the accuracy of the reported information. XXXX was awarded damages as a result. 
Violation of the XXXX XXXX XXXX Reform and Consumer Protection Act The CFPB was established under the XXXX XXXX XXXX Reform and Consumer Protection Act of XXXX ( Pub.L. XXXX, XXXX. XXXX ) with the express purpose of protecting consumers from unfair, deceptive, or abusive acts or practices in the financial marketplace. By not ensuring that credit reporting agencies comply with the FCRA, the CFPB is failing in its statutory duty under XXXX to protect consumers. 
The inaction on the part of the CFPB not only undermines the trust that consumers have in the financial system but also contributes to the perpetuation of systemic errors that have far-reaching consequences for individuals financial health.