Consumer complaint received 2024-05-16
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: TRANSUNION INTERMEDIATE HOLDINGS, INC. (MD)

In response to XXXX replies to CFPB Complaint : XXXX, on XX/XX/XXXX, and CFPB Complaint : XXXX, on XX/XX/XXXX, regarding my dispute of inaccurate reporting of XXXX on my credit report , it is highly improbable that the account was verified as accurate and/or updated. As of XX/XX/XXXX, the account number on my TransUnion credit report ( XXXX ), does not align with the original account number from my loan contract ( XXXX ) in any way and remains unchanged. Moreover, the reported written-off balance of {$630.00} on my TransUnion credit report is blatantly incorrect and does not align with my payment history or the actual purchase amount of {$450.00}. The inaccuracies in my credit report are compounded by the fact that my last payment of {$140.00} made on XXXX XX/XX/XXXX, was never deducted from my original balance of {$450.00}. This discrepancy further highlights the inaccuracies in the reported written-off balance and payment history associated with the XXXX account .

It is evident that TransUnion failed to conduct a thorough and proper investigation. The supporting documentation provided with my complaint was very obviously not reviewed by TransUnion, indicating a lack of proper investigation. I demand that TransUnion immediately delete this account in accordance with violations of the Fair Credit Reporting Act ( FCRA ) and the Truth in Lending Act ( TILA ). Specifically, TransUnion 's actions violate Section 611 of the FCRA, which requires credit reporting agencies to promptly investigate disputed information, and Section 623 of the FCRA, which mandates accurate reporting of consumer information. Additionally, TransUnion 's failure to verify the accuracy of the account information violates the disclosure and reporting requirements outlined in TILA. These violations warrant the immediate removal of the erroneous account from my credit report.

Despite TransUnions response, it is clear that TransUnion 's investigation was inadequate and did not address the discrepancies outlined in my complaint.

Fair Credit Reporting Act ( FCRA ) Violations : 1. Violation of Section 611 : This section requires credit reporting agencies to conduct a reasonable investigation of disputed information by consumers. By failing to review the supporting documentation provided by the consumer that proves inaccurate reporting, TransUnion violated this provision. 2. Violation of Section 623 : This section mandates that credit reporting agencies must ensure the maximum possible accuracy of consumer information. TransUnion 's failure to review the supporting documentation provided by the consumer demonstrates a lack of compliance with this requirement. Truth in Lending Act ( TILA ) Violations : 1. Violation of Disclosure Requirements : TILA requires lenders to provide accurate and complete information about loan terms to consumers. By inaccurately reporting loan details and failing to review supporting documentation that proves the inaccuracies, TransUnion violated the disclosure requirements of TILA. 2. Violation of Reporting Requirements : TILA also mandates that accurate information about loan accounts should be reported. TransUnion 's failure to verify the accuracy of the account information and neglecting to review supporting documentation provided by the consumer constitute a violation of the reporting requirements under TILA.

I expect TransUnion to promptly re-investigate the account associated with XXXX with the supporting documentation I provided to TransUnion taken into consideration. I expect TransUnion to delete the inaccurate account information from my credit reports within 30 days in accordance with the law. I insist on receiving an updated and corrected credit report within this timeframe once the necessary corrections have been implemented. I require confirmation of receipt of this letter and a detailed timeline for the resolution of this matter. Failure to address this demand promptly will result in further action to uphold my rights as a consumer. Your immediate attention to this urgent matter is expected and appreciated.