Consumer complaint received 2024-05-13
Product: Debt collection — Other debt
Issue: Attempts to collect debt not owed — Debt is not yours
Company: Source Receivables Management LLC (CO)

Formal Complaint Against Source Receivables Management for Violations of the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Identity Theft and Assumption Deterrence Act, and Potential Criminal Liability The undersigned, XXXXXXXX XXXX XXXXXXXX, hereby submits this formal complaint against Source Receivables Management ( " SRM '' ) for multiple violations of federal law stemming from the false reporting of a debt collection in the amount of {$10000.00}, associated with account number XXXX, to consumer reporting agencies XXXX and XXXX. 

Statement of Facts SRM has reported the aforementioned debt collection on XXXX XXXX 's credit reports despite his submission of a Federal Trade Commission ( FTC ) Identity Theft Affidavit attesting that the debt in question is the result of identity theft and thus fraudulent. 

Legal Violations SRM 's conduct in this matter constitutes a clear violation of the following federal statutes : The Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681 et seq. : Specifically, SRM has violated 15 U.S.C. 1681e ( b ) by failing to follow reasonable procedures to assure maximum possible accuracy of reported information, and 15 U.S.C. 1681c-2 by furnishing information that it knew or should have known to be inaccurate. 

The Fair Debt Collection Practices Act ( FDCPA ), 15 U.S.C. 1692 et seq. : SRM 's actions constitute false, deceptive, or misleading representations in connection with the collection of a debt, in violation of 15 U.S.C. 1692e. 

The Identity Theft and Assumption Deterrence Act, 18 U.S.C. 1028 : SRM 's conduct, insofar as it involves the knowing use of false identification or misrepresentation of fraudulent debt as valid, may implicate criminal liability under this Act. 

Potential Criminal Liability In addition to the above violations, SRM 's actions may also expose them to potential criminal liability under the following statutes : 18 U.S.C. 471 : Forgery of obligations or securities of the United States. 
18 U.S.C. 472 : Uttering or possessing counterfeit obligations or securities.

18 U.S.C. 473 : Dealing in counterfeit obligations or securities.

18 U.S.C. 1001 : Making false statements to a government agency ( if applicable ).

18 U.S.C. 1343 : Wire fraud ( if electronic communications were used to further the scheme ). 
Damages As a direct result of SRM 's unlawful actions, XXXX XXXX has suffered substantial harm, including but not limited to a significant decrease in his credit score, an inability to obtain credit or loans, and severe emotional distress. 

Relief Sought XXXX XXXX demands that SRM immediately cease and desist from all collection efforts related to the aforementioned debt, remove the fraudulent debt from his credit reports with XXXX and XXXX, and compensate him for all damages incurred as a result of their unlawful conduct. 

Failure to comply with these demands will result in the initiation of legal proceedings to enforce XXXX XXXX 's rights under the FCRA, FDCPA, and any other applicable laws, including potential criminal charges. 

Respectfully submitted, XXXX XXXX. XXXX