Consumer complaint received 2025-12-15 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: EQUIFAX, INC.
State: TX

Complaint narrative:
XXXX XXXX XXXX ( XXXX ) is treating a disputed total-loss deficiency as collectible, placing it with a third-party debt collector, and reporting it as a derogatory Charge-Off, instead of providing a substantive accounting and properly administering the XXXX  waiver addendum held by XXXX  as the Holder. The disputed amount being collected/reported is {$6400.00}. 

Key facts : XX/XX/XXXX XXXX XXXX XXXX ( total loss event ). 

XXXX XX/XX/XXXX XXXX confirmed total loss. 

XX/XX/XXXX XXXX settlement payment {$23000.00} applied to my account. 

Around XX/XX/XXXX account began being reported as serious delinquency/charge-off ( see attached credit report ). 

XX/XX/XXXX Texas Office of Consumer Credit Commissioner ( OCCC ) issued a written response documenting the figures and stating : XXXX  coverage is designed to pay the difference between the remaining loan balance and the actual insurance settlement, not simply the ACV. OCCC further stated : Based on the actual figures, the amount due under your XXXX policy is {$11000.00}. and that the refusal to honor the claim constitutes an unfair and deceptive act. 

XX/XX/XXXX I received a collection letter from XXXX XXXX XXXX XXXX XXXX demanding {$6400.00} and listing the creditor as XXXX XXXX XXXX, creating additional accuracy/servicing concerns. 

XX/XX/XXXX XXXX received my formal written dispute/demand ( XXXX Certified Mail; signed green card available ). XXXX did not provide a substantive written resolution within the requested timeframe. 

Why Im complaining : 1 ) Ignoring an active documented dispute while continuing collection placement. XXXX received written dispute notice but the account remained in collections and was not resolved in writing. 

XXXX ) Harmful derogatory credit reporting tied to a disputed balance. XXXX continues reporting a Charge-Off/serious delinquency tied to this disputed deficiency. At minimum, the tradeline must be clearly marked disputed during investigation and must not be reported in a misleading manner treating the balance as undisputed. 

XXXX ) Failure to provide a contractual accounting under the XXXX waiver addendum. The XXXX addendum explicitly contemplates a waiver calculation based on the XXXX XXXX settlement when primary insurance exists. The agreement states, in part : Holder agrees to waive the difference between the Unpaid Net Balance on the Date Of Loss and : ( XXXX ) the Primary Carrier settlement ; or ( XXXX ) the Actual Cash Value in the absence of primary insurance coverage. 
XXXX has not provided a complete written accounting/ledger showing the XXXX XXXX XXXX as of the Date of Loss, offsets/credits applied, and which charges ( if any ) were excluded/post-loss. 

( I am not asking CFPB to adjudicate an insurance dispute. I am asking CFPB to require XXXX to provide a substantive contractual accounting, stop harmful collection/reporting while the dispute is investigated, and then apply the contract correctly or issue a written denial citing the exact addendum provision/exclusion and calculation. ) Consumer harm ( measurable ) : XXXX  derogatory reporting and collection placement caused significant harm, including adverse credit actions : XXXX  XXXX XXXX reduced my credit line and issued an adverse action notice referencing delinquency/derogatory information, and my XXXX-based XXXX  score is shown as XXXX, with serious delinquency cited among adverse factors.

Company response to consumer: Closed with non-monetary relief