Consumer complaint received 2025-02-24 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: Monterey Financial Services LLC
State: AZ

Complaint narrative:
Dear Sir necessary details/Madam, I am writing to formally lodge : XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX  XXXX XXXX : Formal Complaint XXXX and XXXXXXXX XXXX Against MONTEREY COLLECTION XXXXXXXX XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX and Credit as well as the credit reporting agencies ( XXXX, XXXX, and XXXX ) for their involvement in reporting and maintaining inaccurate information on my credit reports. The account details are as follows : - Account Name : MONTEREY COLLECTION XXXX - Account Number : XXXX - Recent Balance : {$6000.00} as of XX/XX/XXXX - Date Opened : XX/XX/XXXX - Status : Collection account, {$6000.00} past due as of XX/XX/XXXX - Original Creditor : XXXX XXXX XXXX XXXX I have several concerns regarding this account : XXXX. **Inaccurate Information** : The amount reportedaus is inaccurate on my credit bure. The original amount of this account was {$4300.00}, yet the balance has increased to {$6.00} Additionally, theXXXX without any XXXX report explanation or documentation shows a charge-off the inconsistencies provided to me. amount of {$6000.00}, which further highlights in the reported information. 

XXXX. **Lack of Ownership documentation or original letter Proof** : I have of ownership from never received any MONTEREY COLLECTIONXXXX XXXX XXXX showing that they XXXX XXXX XXXXXXXX XXXX have taken ownership of this debt. This lack of proof raises serious doubts about the legitimacy of their claim. 

XXXX. **Impact on Credit** : This inaccurate and unverified information is severely damaging my credit score, preventing me from obtaining a home. The erroneous reporting my financial well is unjust and has significant negative-being. 

Additionally consequences on, there is a history of legal action against MONTEREY COLLECTION XXXX, including a proposed class action lawsuit for allegedly violating the Fair Debt Collection Practices Act ( FDCPA ) by sending collection notices with undisclosed fees that were not authorized by the contract. 

Given these issues, I request the following actions : - Immediate removal of this account from my credit report due to the inaccuracies and lack of proper documentation. 
- Provision of the original letter of ownership and any supporting documentation that MONTEREY COLLECTION XXXX XXXX XXXX XXXX XXXX XXXXXXXX have the right to collect this debt, including my signature. 
- A thorough investigation into the practices of MONTEREY COLLECTION XXXX XXXX XXXX XXXX XXXX XXXX to ensure compliance with the Fair Credit Reporting Act ( FCRA ) and other relevant regulations. 
- Correction of all inaccuracies across all three credit bureaus ( XXXX, XXXX, and XXXX ). 

I have attached copies of the account summaries and credit report details for your reference. I urge the CFPB to take swift action to rectify this situation and prevent further harm to my credit standing and ability to secure a home. 

Thank you for your attention to this matter. I look forward to your prompt response and resolution. 

Sincerely, XXXX XXXX

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation