Consumer complaint received 2024-07-23
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Experian Information Solutions Inc. (CT)

My name is XXXX XXXX, XXXX This is in regards to my Experian Report ; According to the Fair Credit Reporting Act ( FCRA ), the listed accounts below have violated my federally protected consumer rights to privacy and confidentiality under 15 U.S.C. 1681, 15 U.S.C. 6801-6805, and the Privacy Act of 1974 ( 5 CFR 552a ). They also involve inaccurate reporting as per IRS Publication 4681. These accounts have been charged off. They have them listed as charged-off. 
XXXX Account XXXX Charge -off opened XX/XX/XXXX XXXX XXXX  Account beginning : XXXX Charge-off opened XX/XX/XXXXXXXX XXXX XXXX  Account Beginning : XXXX. Charge-off opened XX/XX/XXXXXXXX XXXX XXXX Account beginning XXXX Charged-off opened XX/XX/XXXX A charge-off, as defined in IRS Publication 4681, represents certified indebtedness now considered income and must be reported on my tax return. Income can not be reported on your credit report. This constitutes 100 % improper use of the credit report. has clearly violated the FCRA, which is highly concerning. Numerous inaccuracies exist on the credit report, including accounts for which I never gave written permission to be included. These accounts have 1099 's showing the charge-off. An IRS FOIA request was performed as well documenting this charge-off. For the last time why after several requests is Experian reporting CHARGE OFFS. I have provided them with copies of the law. CFPB complaint ect. 

2/ Illegality of Reporting Credit Utilization and Payment History : Under the Fair Credit Reporting Act ( FCRA ), 15 U.S.C . 1681, the accuracy and integrity of information on credit reports are paramount. Specifically, 15 U.S.C. 1681e ( b ) mandates that credit reporting agencies maintain reasonable procedures to ensure the maximum possible accuracy of the information they report. Moreover, 15 U.S.C. 1681c ( a ) outlines specific types of information that can and can not be reported on credit reports. Notably, reporting of credit utilization or payment history on open-ended consumer credit accounts is not authorized under the FCRA. The Federal Trade Commission ( FTC ) clarifies in 12 C.F.R. 1022.42 ( b ) ( 1 ) that while credit utilization ratios may be considered in the context of credit scoring, the FCRA does not require reporting these ratios explicitly. Furthermore, 12 C.F.R. 1022.42 ( b ) ( 2 ) stipulates that consumer reporting agencies must ensure that all reported information is accurate and verifiable, and any inaccuracies, including unauthorized reporting of utilization and payment history, violate this mandate. Therefore, the inclusion of such data is both unauthorized and illegal under these provisions. 
XXXX XXXX  Account Beginning XXXX XXXX XXXX Account beginning XXXX opened XX/XX/XXXX As per Experian website 's instructions, I have enclosed documentation verifying my current address, Social Security card ( which is illegal to ask for ), and driver 's license. This is the final step before pursuing legal action. Under the FCRA, only accurate information should appear on a consumer 's credit report. The information on Experian reports is inaccurate and fraudulent. These are securities violations as well under the UCC. Legal counsel has advised that I can take legal action and potentially fine {$1000.00} per violation.

I demand that Experian correct all these accounts within the lawful timeframe of 4 days of receiving this letter. I want the accounts to show as paid as agreed, with no fraudulent remarks or dispute comments or completely remove them. Failure to do so will result in significant Federal legal action against Experian. Attached above is a list of inaccurate accounts needing immediate update on the credit report.

Furthermore, failure to provide a free copy of my report after changes are made will result in seeking monetary relief for defamation of character, negligent infliction of emotional distress, and violations of 15 U.S.C. 1681 & 15 U.S.C. 6801-6805. Financial institutions are obligated to respect customer privacy and safeguard information as stated in the Privacy Act of 1974 ( 5 CFR 552a ).

I have made repeated attempts to rectify these issues to no avail. Federal court is on the horizon, and each violation under the FCRA may result in fines of up to {$1000.00} per incident. The distress caused by their negligence is further compounded. 
I await a prompt and thorough investigation followed by necessary actions to rectify violations and update my credit file accordingly IMMEDIATELY. These actions demonstrate repeated noncompliance with the FCRA and consumer laws by credit bureaus, causing significant harm to my credit profile. I kindly request the Consumer Financial Protection Bureau to thoroughly investigate and ensure fair and accurate credit reporting practices. 
If this matter is not resolved as requested, I will file complaints with the Federal Trade Commission and Securities Exchange Commission regarding securities fraud committed by Experian. 
Upon receipt of this notice and documents, you are notified pursuant to UCC 1-202 ( f ).