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)

XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXX XX/XX/XXXX TransUnion LLC XXXX XXXX XXXX XXXXXXXX XXXX XXXXXXXX Phone : ( XXXX ) XXXX Subject : Notice of Intent to Sue for Removal of Account and {$1000.00} per Violation Due to FCRA, CFPB, IRS, Metro 2 , and U.S. Congressional Compliance Violations with Supporting Case Law To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against TransUnion LLC for continued inaccurate and damaging reporting related to my XXXX account ( Account # : XXXX ). Despite prior disputes, this account is still inaccurately reported on my credit profile, constituting violations of the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, Metro 2 standards, and U.S. Congressional laws governing accurate credit reporting. I am seeking immediate correction of these inaccuracies and {$1000.00} per violation in compensation.

Account Overview and Dispute Summary The XXXX account, a secured revolving credit card opened on XX/XX/XXXX, is inaccurately reported as Collection/Chargeoff with a balance of {$110.00} and a past due amount of {$110.00}. The comments section includes misleading remarks such as Charged off as bad debt and Profit and loss write-off. The report further misrepresents the accounts activity dates and status, which reflects negatively on my credit profile. 

1. Violations of the Fair Credit Reporting Act ( FCRA ) Under the FCRA, credit reporting agencies are required to report accurate information and promptly correct or remove any disputed information that can not be verified. The reporting failures on the SELFINC/LEAD account constitute violations of : 15 U.S.C. 1681s-2 Requires data furnishers and credit bureaus to provide accurate reporting. XXXX failure to correct derogatory remarks and inconsistent reporting regarding charge-offs and past due amounts is a clear violation of this statute. 
XXXX5 U.S.C. 1681i Mandates that credit reporting agencies correct or delete disputed or unverifiable information. XXXX lack of investigation and resolution in response to my dispute indicates negligence in meeting this legal obligation. 
The recent Supreme Court case TransUnion LLC XXXX XXXX, XXXX XXXX XXXX XXXX ( XXXX ) establishes that credit reporting agencies are liable for inaccuracies that cause harm to consumers. This ruling underscores the agencies duty to ensure accurate data reporting and highlights their liability for errors that adversely impact consumer credit profiles. 

In XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX ( XXXX XXXX. XXXX ), the court emphasized that a failure to conduct a reasonable investigation into disputed information can result in liability under the FCRA. Given my multiple attempts to dispute this information, XXXX continued failure to investigate and correct these inaccuracies demonstrates a disregard for FCRA obligations. 

2. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations CFPB regulations require credit reporting agencies to maintain fair and accurate reporting practices. XXXX continued reporting of derogatory remarks, charge-offs, and conflicting dates without proper verification violates CFPB standards, resulting in deceptive reporting practices that damage my financial reputation. 

3. Violations of IRS XXXX XXXX IRS guidelines mandate accurate reporting, especially for accounts marked as charged-off or written off. The inaccurate charge-off and past due notations on the SELFINC/LEAD account create potential tax implications, potentially misrepresenting my financial obligations. This reporting failure conflicts with IRS standards for transparent and precise financial reporting. 

4. Violations of Metro 2 Compliance Standards Using Data Codes TransUnions reporting on the SELFINC/LEAD account fails to adhere to Metro 2 standards, which require consistent and accurate data reporting across credit bureaus. Key violations include : Account Status Code ( Field 17A ) The account should have a consistent Account Status Code of 97 ( Charge-off ) if accurate, or an 11 ( Current ) status if fully resolved. The discrepancies across derogatory and charge-off statuses violate Metro 2 standards.

Compliance Condition Code ( Field 17B ) Since I have disputed this account and it remains unresolved, the XB ( Account information disputed by consumer ) should be applied to show that this account is under dispute.

Payment Rating Code ( Field 19 ) The continued reporting of a Charge-off without verification of recent delinquency contradicts Metro 2 standards. Field 19 should reflect an accurate status, and any unverifiable past-due notations should be removed.

5. Violations of U.S. Congressional Credit Reporting Laws Congress enacted laws such as the Dodd-Frank Act and the Fair Credit Reporting Act to protect consumers from harmful reporting practices. XXXX failure to ensure accuracy and resolve disputes regarding the SELFINC/LEAD account not only violates established credit reporting standards but also undermines federal protections intended to prevent consumer harm from incorrect reporting. 

Remedy Sought To resolve these violations without litigation, I request that TransUnion : Remove all inaccurate derogatory remarks, charge-offs, and past-due notations on my credit report related to the XXXX account. 
Provide written confirmation of the corrections across all major credit bureaus, ensuring consistency in my credit profile. 
Compensate me {$1000.00} per violation for each instance of non-compliance, as permitted under the FCRA and other applicable laws. 
Should TransUnion fail to complete these actions within 30 days of receipt of this letter, I am prepared to pursue legal remedies, including statutory, actual, and punitive damages under FCRA, CFPB regulations, IRS guidelines, Metro 2 standards, and U.S. Congressional laws governing credit reporting. 

Conclusion This letter serves as XXXX final opportunity 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 immediate attention to this matter. 

Sincerely, XXXX XXXX XXXX