Consumer complaint received 2024-08-11
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: Experian Information Solutions Inc. (GA)

NOTICE TO AGENT IS NOTICE TO PRINCIPAL NOTICE TO PRINCIPAL IS NOTICE TO AGENT XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  Dear Sir/Madam, I am writing to formally notify you of inaccuracies in the information you have furnished to the consumer reporting agencies, namely Experian, XXXX, and XXXX XXXX The reporting of this inaccurate information has caused severe damage to my character, reputation, and general mode of living, as well as my ability to obtain credit for personal and housing purposes. Your inaccurate reporting has significantly harmed my livelihood. 
15 U.S. Code 1681s2 - Responsibilities of Furnishers of Information to Consumer Reporting Agencies ( a ) Duty of Furnishers of Information to Provide Accurate Information Prohibition ( A ) Reporting Information with Actual Knowledge of Errors As per 15 U.S.C. 1681s2, you are prohibited by law from furnishing any information relating to a consumer to any consumer reporting agency if you know or have reasonable cause to believe that the information is inaccurate. 
The IRS defines a charge-off as gross or ordinary income, which is not to be reported on a consumer report. This makes your reporting of this account inaccurate. The IRS clearly states that canceled debt or charge-offs are considered income. Therefore, reporting this account as a debt is inaccurate and a violation of 15 U.S.C. 1681s2, which states that as a furnisher of information to a consumer reporting agency, you are legally obligated to provide accurate information. 
You are hereby notified that you are furnishing incorrect and inaccurate information. 
IRS Requirement for Form 1099-C The IRS requires that a lender file Form 1099-C and send a copy to the borrower if the amount of debt canceled is {$600.00} or more, and the lender is a financial institution, credit union, federal government agency, or other applicable entity. As you have filed this account as a canceled debt, I demand that you send me my Form 1099-C, as required by law. 
Address for Correspondence : XXXX XXXX XXXX XXXX XXXX XXXX, GA XXXX 15 U.S. Code 1681s2 ( a ) Duty of Furnishers of Information to Provide Accurate Information Prohibition ( B ) Reporting Information After Notice and Confirmation of Errors A person shall not furnish information relating to a consumer to any consumer reporting agency if : ( i ) The person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate ; and ( ii ) The information is, in fact, inaccurate. 
In conclusion, you have been put on notice that you are reporting inaccurate information. The information you have reported is, in fact, inaccurate. 
The continued reporting of this inaccurate information is a clear violation of 15 U.S.C.

1681s2, which outlines your responsibilities as a furnisher of information. Your negligence and inaccurate reporting have caused severe harm to me and my family. 
This letter serves as your final opportunity to correct this issue and delete the erroneous, inaccurate account from my consumer reports. 
You have 10 calendar days from the receipt of this notice to delete this account from my consumer reports. 
Sincerely, XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX, GA XXXX