Consumer complaint received 2024-01-14
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Problem with personal statement of dispute
Company: Experian Information Solutions Inc. (PA)

RE : Acct # XXXX Dear CFPB, XXXX XXXX XXXX XXXX XXXX XXXX  is furnishing inaccurate and incorrect information to the consumer reporting agency Experian, XXXX and XXXX. The reporting of such inaccurate information has caused severe damage to my character, my reputation, my general mode of living and my ability to obtain credit for personal and house purposes. The inaccurate reporting by the institution has damaged my livelihood. 

15 U.S. code 1681s-2- Responsibilities of furnishers of information to consumer reporting agencies ( a ) DUTY OF FURNISHERS OF INFORMATION TO PROVIDE ACCURATE INFORMATION 1 ) PROHIBITION ( A ) REPORTING INFORMATION WITH ACTUAL KNOWLEDGE OF ERRORS A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate.

1 ) Duty- A moral or legal obligation : a responsibility 2 ) Prohibition-A law or regulation forbidding something 3 ) Accurate- correct in all details ; exact.

According to the law it is the PFFCUs moral and legal obligation to provide information that is correct in ALL details, and the information must be exact. Exact- not approximated in any way : precise. The furnisher by law is forbidden from reporting information with knowledge of errors.

As defined in the Internal Revenue publication under canceled debts, A charge off or canceled debt is gross or ordinary income. A canceled debt of {$600.00} or more requires the lender to file a 1099c with filed taxes. The canceled debt is deemed by the internal revenue as gross and ordinary income and taxable. This information is found on page 3 IRS publication 4681 titled Canceled Debts. Gross or ordinary Income of any sort is not reported on a consumer report, doing such is illegal. The account can not be both income and debt at the same time. The IRS clearly defines a charge off as gross or ordinary income. The reporting of this account as a debt after it has been charged off, written off or canceled, by admission is what makes the reporting of this account inaccurate. Police and fire federal credit union is prohibited by law from reporting inaccurate information on a consumer report. I demand you to cease and desist from reporting this inaccurate information on my consumer report.

15 U.S code 1681s-2 ( a ) ( 1 ) ( A ) : A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate.

You are hereby put on notice that you are furnishing incorrect, inaccurate information!

15U.S code 1681s-2 ( B ) Reporting information after notice and conformation of errors : A person shall not furnish information relating to a consumer to any consumer 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 I have shown you and youve been put on notice, that you are reporting inaccurate information. The information is in fact inaccurate. The continued reporting of this information is a clear violation of law 15U.S code 1681s-2 of your responsibilities as a furnisher of information. You have caused me, and my family, severe harm due to your negligence and inaccurate reporting. This is a final opportunity to cure and delete this erroneous inaccurate account from my consumer report. 

YOU HAVE XXXX CALLENDER DAYS TO DELETE THIS ACCOUNT FROM CONSUMER REPORT.