Consumer complaint received 2024-11-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: EQUIFAX, INC.
State: VA

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  XXXX XXXX XXXX XX/XX/XXXX Equifax Information Services LLC XXXX XXXX XXXX XXXXXXXX XXXX  XXXX Phone : ( XXXX ) XXXX Subject : Notice of Intent to Sue for Violations of FCRA, CFPB Regulations, IRS Laws, and XXXX XXXX Compliance Standards To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against Equifax Information Services LLC for ongoing inaccuracies in my credit report regarding an account with XXXX XXXX XXXX ( Account # : XXXX ). The failure to accurately update or remove this disputed information constitutes a violation of the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, and XXXX XXXX data compliance standards, which are required for accurate credit reporting. 

Account Overview and Dispute Summary The XXXX XXXX  XXXX account, opened on XX/XX/XXXX, shows a status of " Authorized User '' with a credit limit of {$400.00}. According to my records, the balance has remained at {$0.00} with no monthly payments required and no past due amounts. Despite these details, the account includes a notation of " Consumer disputes - reinvestigation in progress '' as of XX/XX/XXXX, yet the issue remains unresolved. Additionally, Equifaxs records indicate conflicting payment history entries, including XXXX and XXXX delinquencies in XXXX, which are inconsistent with the account 's otherwise " current '' status. 

XXXX. Violations of the Fair Credit Reporting Act ( FCRA ) Equifaxs actions regarding this account violate several FCRA requirements : 15 U.S.C. 1681s-2 Requires data furnishers and credit reporting agencies to ensure accuracy. Equifaxs failure to correct this accounts inaccurate history and respond appropriately to disputes demonstrates non-compliance with FCRA. 
15 U.S.C. 1681i Mandates deletion or correction of unverifiable or disputed information after investigation. Since Equifax has not resolved the inaccuracies, it is liable for any harm resulting from continued errors. 
These failures expose Equifax to civil liability under 15 U.S.C. 1681n and 1681o for willful and negligent non-compliance with the FCRA. 

XXXX. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations Equifaxs ongoing inaccurate reporting and lack of action to correct this disputed account also violate CFPB regulations against Unfair, Deceptive, or Abusive Acts and Practices ( UDAAP ). By not ensuring the accuracy of the information, Equifax has caused financial harm and reputational damage, contradicting CFPB standards on fair and transparent reporting. 

XXXX. Violations of IRS Reporting Guidelines Under IRS guidelines, creditors and agencies must report any forgiven or canceled debt accurately, often through Form 1099-C. Although this account shows a {$0.00} balance and no delinquency, any inaccurate reporting could lead to tax implications, potentially creating additional financial burdens. The IRS mandates that credit reporting agencies, including Equifax, maintain accurate records to avoid adverse tax consequences for consumers. 

XXXX. Violations of Metro 2 Compliance Standards Using Data Codes Equifaxs reporting of this account fails to meet XXXX XXXX compliance standards, which use specific data fields to ensure accuracy across key account details. The following discrepancies violate XXXX XXXX requirements and contribute to reporting inaccuracies : Account Status Code ( Field XXXX ) The account is listed as Current but includes historical XXXX and XXXX delinquencies that contradict this status. A consistent Account Status Code of XXXX ( XXXX ) should be applied, or else the historical delinquency entries should be removed to ensure consistency. 
Compliance Condition Code ( Field 17B ) Despite the unresolved dispute, the notation XB ( Account information disputed by consumer ) is not applied uniformly. The presence of Consumer disputes - reinvestigation in progress without clear updates reflects non-compliance with XXXX XXXX dispute coding standards. 
Payment History Profile ( Field 18 ) The OK entries in the two-year payment history conflict with the reported delinquencies for XXXX and XXXX days in XXXX. This discrepancy creates confusion and violates XXXX XXXX standards for the XXXX XXXX XXXX, which should accurately reflect a single, verified payment status per month. 
Remedy Sought To resolve this matter without legal action, I request that Equifax : Immediately remove the disputed XXXX XXXX XXXXXXXX account ( Account # : XXXX ) from my credit profile with XXXX XXXX XXXX, and Equifax XXXX 
Issue a written confirmation of the account 's deletion to ensure this correction is reflected across all three credit bureaus. 
Ensure XXXX XXXX compliance by updating the Account Status Code, Compliance Condition Code, and Payment History Profile fields to reflect accurate and consistent reporting. 
If these actions are not completed within 30 days of receiving this letter, I am prepared to pursue legal remedies, including claims for statutory, actual, and punitive damages as permitted under the FCRA, CFPB, IRS guidelines, and XXXX XXXX compliance standards. 

Conclusion This letter serves as Equifaxs final opportunity to rectify these reporting violations. Failure to act within the stated timeframe will result in further legal action, where I will seek full damages. 

Thank you for your attention to this urgent matter. 

Sincerely, XXXX XXXX XXXX

Company response to consumer: Closed with explanation