Consumer complaint received 2024-11-21 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: Sunbit, Inc.
State: MO

Complaint narrative:
To Whom It May Concern, This letter serves as a formal notice of dispute regarding inaccurate and potentially unlawful information being reported on my credit file by your company, Sunbit. The following accounts are at issue : Account Number : XXXX Account Number : XXXX Account Number : XXXX These accounts are listed as " charged off '' on my credit reports ; however, I have not received a Form 1099-C as required under Internal Revenue Code 6050P for the discharge of debts. Furthermore, the reporting of these accounts may be in violation of federal law, as detailed below : Violations and Legal Basis Failure to Provide Debt Validation Under the Fair Debt Collection Practices Act ( FDCPA ), 15 U.S.C. 1692g, I formally request a copy of the original signed agreement or contract demonstrating your legal right to enforce and report this alleged debt. If this debt was assigned or sold, you must also provide the full assignment contract proving that Sunbit owns or has the right to collect on the debt. 

Inaccurate Reporting of Charged-Off Accounts Reporting these accounts as charged-off while failing to issue a 1099-C creates inaccurate and incomplete information on my credit reports, violating the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681s-2 ( b ). This law requires data furnishers to provide accurate and verifiable information to consumer reporting agencies.

Procedures for Verifying Accuracy Pursuant to FCRA, 15 U.S.C. 1681i ( a ) ( 6 ) ( A ), I demand a detailed explanation of the procedures you used to determine the accuracy of this information. This explanation must be provided within 15 days after completing your investigation of this matter. 

Demand for Immediate Action In light of the above violations, I demand the following actions be taken immediately : Provide a Form XXXX for each of the above accounts, reflecting the discharge or cancellation of the reported debts. 
If no XXXX is issued, you must remove the accounts from all credit reporting agencies and cease any reporting of these debts as charged off. 
Provide a full debt validation, including : The original signed agreement. 
Any assignment contracts if the debts were sold or transferred. 
Ensure compliance with all applicable federal laws and confirm in writing that these corrections have been made. 

Failure to comply with this demand may result in further action, including but not limited to : Filing a complaint with the Consumer Financial Protection Bureau ( CFPB ) and the Federal Trade Commission ( FTC ).

Initiating legal proceedings to enforce my rights under the FCRA and FDCPA.

Reporting Sunbits failure to comply with tax reporting requirements to the Internal Revenue Service ( IRS ). 
Conclusion The continued reporting of these accounts without proper verification or issuance of a 1099-C represents a serious violation of my rights and has caused undue harm to my financial standing and reputation. I trust that you will take this matter seriously and resolve it promptly. 

Please provide your written response, including the requested documentation, within 30 days of receiving this letter. Failure to respond adequately will result in escalation of this matter. 

Sincerely, XXXX XXXX

Company response to consumer: Closed with explanation