Consumer complaint received 2025-02-20 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: EQUIFAX, INC.
State: FL

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX, Florida, XXXX XX/XX/XXXX Consumer Financial Protection Bureau ( CFPB ) XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX  Subject : Request for Description of Investigation Process - Disputed Accounts on My Credit Report Dear CFPB Representative, I am writing to formally dispute an inaccurate late payment entry on my credit report, as allowed under the Fair Credit Reporting Act ( XXXX XXXX Code XXXX ). This inaccurate reporting has negatively affected my credit profile, and I am requesting an immediate investigation into this matter. 
Details of the Disputed Late Payment : Creditor Name : XXXX  Account Number : # XXXX Date of Alleged Late Payment : XX/XX/XXXX to XX/XX/XXXX. 








I recently reviewed my credit report and noticed an account that was not reporting accurately. I had XXXX late payments on an account that I, in fact, paid on time. The consumer reporting agencies must ensure all reported information is accurate. 
Dispute Summary : Late Payments Discrepancy : XXXX removed late payments, but Equifax still reports a XXXX late payment, which is inaccurate. 
XXXX does not report late payments, confirming the inconsistency. 
Account Status Error : The account has a {$0.00} balance but is still marked as " Open '' on Equifax. 
This is a student loan, yet it is misclassified as " Miscellaneous Finance. '' Dispute Status Issue : Equifax still lists the dispute as " reinvestigation in progress, '' but the errors remain uncorrected. 
I have attached a copy of my report with details of the disputed dates. I request that you investigate this account and update these payments to " Paid On Time '' immediately. 
Legal Basis for Dispute : Fair Credit Reporting Act ( FCRA ) - XXXX XXXX Code XXXX I am exercising my right under this section to dispute inaccurate information on my credit file. The reported late payment does not accurately reflect my payment history, and I am requesting a formal investigation and correction. 
Truth in Lending Act ( TILA ) - XXXX XXXX XXXX XXXX ( b ) Creditors must provide clear and accurate billing statements to consumers. If this late payment reporting does not align with the terms of my agreement, it constitutes an error that should be rectified immediately. 
Obligations of Information Furnishers - XXXX XXXX XXXX XXXX Creditors and furnishers must ensure the accuracy of the information reported to credit bureaus. If the creditor can not substantiate the late payment with verifiable documentation, they must remove it from my credit file. 
Request for Description of Investigation Process : Pursuant to XXXX XXXX XXXX XXXX ( a ) ( XXXX ), credit reporting agencies must provide a description of the investigation process within 15 days of receiving a consumers dispute. Therefore, I request a detailed explanation of the procedures used to verify this account. 
If you can not update my payments to " Paid On Time, '' please provide the required information regarding your investigative process. 
Additionally, under XXXX XXXX. XXXX ( a ) ( XXXX ) ( A ) ( i ), my consumer report should not contain information solely as to transactions or experiences between the consumer and the person making the report. Payment history and any associated late payments negatively impact my report and must be accurate. 
Requested Actions : Conduct a thorough investigation and provide a written response within 30 days, as required by law. 
If the late payment can not be verified, instruct the creditor to update my account status to " Paid As Agreed, Never Late. '' Notify Equifax to reflect the corrected information on my credit report. 
Provide a detailed description of the investigation process used to verify this account, as required by law. 
Final Notice : Failure to properly investigate and correct this inaccurate information may result in further actions, including potential escalation to legal authorities for non-compliance with federal consumer protection laws. 
I have enclosed copies of all supporting documents related to this dispute. Please acknowledge receipt of this complaint and provide a written update within the legally mandated timeframe. 
Thank you for your prompt attention to this matter. I look forward to your response. 
Sincerely, XXXX XXXX

Company response to consumer: Closed with explanation