Consumer complaint received 2024-06-07
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Investigation took more than 30 days
Company: Allied International Credit Corp., (US) (NY)

XXXX XXXX XXXX XXXX XXXX XXXX, NY XXXX XXXX XXXX [ Date ] To : Allied International Credit Corp. ( XXXX ) Headquarters : XXXX XXXX XXXX, XXXX XXXX, XXXX, XXXX XXXX XXXX Registered Agent in NY : XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX, NY XXXX XXXX XXXX XXXX 
XXXX  : XXXX XXXX XXXX, XXXX XXXX, CA XXXX XXXX  XXXX in NY : XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX, NY XXXX XXXX Headquarters XXXX XXXX XXXX XXXX XXXX XXXX XXXX, GA XXXX Registered Agent in NY : XXXX  XXXX XXXX, XXXX XXXX XXXX XXXX New York XXXX NY XXXX XXXX Headquarters : XXXX XXXX XXXX XXXX XXXX XXXX XXXX CA XXXX XXXX Agent in NY : XXXX  XXXX System, XXXX XXXX XXXX XXXX New York XXXX NY XXXX XXXX Headquarters XXXX XXXX XXXX XXXX XXXX XXXX XXXX, IL XXXX Registered Agent in NY : XXXX XXXX  XXXX XXXX XXXX XXXX XXXX XXXX XXXX, NY XXXX XXXX : Request for Restitution for Violations and Misconduct in Credit Reporting and Collection Practices Dear Sir/Madam , I am writing to formally address the ongoing issue related to CFPB Complaint XXXX, filed on XX/XX/2023. The core of this complaint involves attempts by Allied International Credit Corp. ( XXXX ), on behalf of XXXX XXXX, to collect a debt that I do not owe. Despite several attempts to resolve this matter directly with the company, the issue remains unresolved. 

Nature of the Complaint On XX/XX/2023, XXXX XXXX XXXX XXXX ( XXXX ) received an account under the name XXXX XXXX from their client XXXX. A notification letter was sent to the address on file. On XX/XX/2023, I lodged a complaint with the CFPB, prompting the company to cease collection efforts while the account was reviewed by XXXX. 

Key Findings and Violations Allied International Credit Corp. ( XXXX ) : XXXX. Attempts to Collect Debt Not Owed : Despite notifying Allied International Credit Corp. ( XXXX ) that I do not owe this debt and requesting verification, they continued to pursue collection. This violates the Fair Debt Collection Practices Act ( FDCPA ), which mandates that debt collectors must cease collection activities until they provide verification of the debt. 
Violation : FDCPA, 15 U.S.C. 1692g ( b ) 2. Inadequate Verification : Allied International Credit CorpXXXX XXXX XXXX  ) and XXXX  provided invoices and a user agreement but failed to substantiate the legitimacy of the debt adequately, failing to meet the verification standards required under FDCPA. 
Violation : FDCPA, 15 U.S.C. 1692g ( b ) XXXX XXXX : XXXX. Failure to Provide Sufficient Evidence : XXXX confirmed that there was insufficient evidence of an Account Takeover or Identity Theft, but did not adequately verify the legitimacy of the debt, leading to ongoing collection attempts. 
Violation : FDCPA, for failure to ensure the accuracy and legitimacy of the debt being collected. 

XXXX, XXXX, and XXXX : XXXX. Failure to Conduct Reasonable Investigation : Upon notification of a dispute, these agencies are required to conduct a reasonable investigation. The persistence of the erroneous debt information on my credit report indicates a failure to adhere to this requirement. 
Violation : Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681i 2. Lack of Timely Correction : The agencies are obligated to correct or delete inaccurate information within 30 days of receiving notice of the dispute. The failure to do so within this timeframe represents a breach of FCRA regulations. 
Violation : FCRA, 15 U.S.C. 1681i Request for Restitution Given the violations outlined above, I am requesting the following : XXXX. Immediate Cessation of Collection Activities : Allied International Credit Corp. ( XXXX ) must cease all collection activities related to this account. 
XXXX. Correction of Credit Reports : XXXX, XXXX, and XXXX must remove any reference to this erroneous debt from my credit reports. 
XXXX. Monetary Compensation : I seek compensation for damages incurred due to these violations, including but not limited to : Emotional distress and inconvenience caused by the predatory collection practices : {$5000.00}. 
Potential impact on my credit score and the resultant financial consequences : {$10000.00}. 
Legal costs and fees : {$2000.00}. 
Total Compensation Requested : {$17000.00}. 

Supporting Documentation Attached to this letter are the following documents for your review : Financial statements from XXXX detailing the transactions and fees associated with the disputed account. 
Correspondence and response letters from Allied International Credit Corp. ( US ). 
The user agreement from XXXX outlining the terms of account creation and usage. 

Case Law and Precedents This situation is supported by various case laws where debt collectors and credit reporting agencies were held liable for failing to verify debts and correct inaccurate credit information : Fair Debt Collection Practices Act : 15 U.S.C. 1692g ( b ) - This statute requires debt collectors to cease collection efforts until they provide verification of the debt. 
Fair Credit Reporting Act : 15 U.S.C. 1681i - This statute mandates that credit reporting agencies conduct a reasonable investigation and correct inaccurate information within 30 days. 

Conclusion I trust that this letter provides a clear and comprehensive overview of the issues at hand. I look forward to your prompt response and resolution of this matter. Should you require any further information, please do not hesitate to contact me at the phone number or email provided above. 

Thank you for your attention to this serious matter. 

Sincerely, XXXX XXXX XXXX XXXX XXXX XXXX, NY XXXX XXXX XXXX CC : Consumer Financial Protection Bureau ( CFPB ) New York State Attorney Generals XXXX Federal Trade Commission ( FTC XXXX Financial Industry Regulatory Authority ( FINRA )