Consumer complaint received 2024-04-14 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Incorrect information on your report — Account status incorrect
Company: TOYOTA MOTOR CREDIT CORPORATION
State: MD

Complaint narrative:
My credit file was retrieved in XX/XX/XXXX and after further investigation, inaccurate information was discovered. The Fair Credit Reporting Act 15 U.S Code 1681 relating to Inaccurate details as follows : XXXX report date open XX/XX/XXXX, Last verified XX/XX/XXXX, Date of last activity XX/XX/XXXX, closed date XX/XX/XXXX, High balance {$64000.00}, and lasts payment XX/XX/XXXX. Creditor Remarks : Charged off as bad debt. Profit and loss write-off. Experian report date open XX/XX/XXXX, no closed date reported, high balance= {$64000.00}, Last activity dated XX/XX/XXXX, Last payment XX/XX/XXXX. Account Rating : Derogatory. Payment status : Collection/Charge off. Creditor Remarks : Unpaid Balance reported as a loss by the creditor grantor. XXXX reports date opened XX/XX/XXXX, date last activities XX/XX/XXXX, dated report XX/XX/XXXX, last payment XX/XX/XXXX. No closed date was reported. Account rating : Derogatory, Payment status : Collection/Charged off. Creditor Remarks ; Charged off account. According to the Federal law Fair Credit Reporting 15 U.S Code 1681s I have a right to privacy and no written consent to add information on my credit report 15 U.S Code 1681b. Derogatory marks are not allowed on your report by law 15 U.S Code 1681. Per Credit Law 15 U.S Code 1681c creditors agree to follow the law and have not done so in 15 U.S Code 1681 information is inaccurate and by law justifies immediate removal. XXXX, XXXX, and XXXX are our main credit bureaus, but all reports are not the same and inaccurate information from Toyota. Per Fair Credit Reporting Act 15 U.S.C 1681 which justifies the removal. Transaction history along with derogatory marks are a violation of the Fair Credit Reporting Act. Toyota reports this account to the three credit bureaus XXXX, XXXX, and XXXX as charged off which is treated as income and, therefore, eligible for removal from the records. IRS regulations Laws Topic no. 431, Canceled debt. If your debt is forgiven or discharged for the amount owed, the debt is considered canceled for the forgiven or discharged amount that you no longer need to pay. Income is considered money received, especially regularly for work or through investments. is not work or Toyota vehicle company is not an investment or my employers and by IRS law justifies removal. Toyota and XXXX insurance for the XXXX XXXX for justified as a total loss due to flood damage. The vehicle was covered by Gap insurance and Toyota was aware of and contacted on several occasions concerning this matter. Under the Fair Credit Reporting Act, this creditor Toyota Financial has violated my rights. Under 15usc1681 section 602 states, I have the right to privacy. 15usc1681 section 604A section 2 it also states a consumer reporting agency can not furnish an account without my written instructions under 15usc1666B.

Please review the attached evidence uploaded to the file. Credit reports that support inaccurate information from the three credit bureaus, Total loss statement, and Insurance payout.

Company response to consumer: Closed with explanation