Consumer complaint received 2024-04-14 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: Experian Information Solutions Inc.
State: KY

Complaint narrative:
A charge off is considered a certificate of indebtedness which means it is income and must be removed. Account I recently came across information related to charged-off amounts and their implications under the Internal Revenue Service ( IRS ) regulations. According to the IRS Article, a charge-off is considered a certificate of indebtedness, which means it is treated as income and, therefore, eligible for removal from the records. 31 U.S. Code 3111 - New issue used to buy, redeem, or refund outstanding obligation .An obligation may be issued under this chapter to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the United States Government. Under regulations of the Secretary of the Treasury, money received from the sale of an obligation and other money in the general fund of the Treasury may be used in making the purchases, redemptions, or refunds. 31 U.S. Code 3104 - Certificates of indebtedness and Treasury bills ( a ) The Secretary of the Treasury may borrow on the credit of the United States Government amounts necessary for expenditures authorized by law and may buy, redeem, and make refunds undersection 3111 of this title. For amounts borrowed, the Secretary may issue 1 ) certificates of indebtedness of the Government; and ( 2 ) Treasury bills of the Government. ( b ) The Secretary may prescribe conditions for issuing certificates of indebtedness and Treasury bills under section 3121 of this title and conditions under which the certificates and bills may be redeemed before maturity. Notwithstanding section 3121 ( a ) ( 5 ) of this title, the payment date of certificates of indebtedness and Treasury bills may not be more than one year after the date of issue. ( c ) Treasury bills issued under this section may not be accepted before maturity to pay principal or interest on obligations of governments of foreign countries that are held by the United States Government.16 CFR 313.12 - Limits on sharing account number information for marketing purposes. 313.12 Limits on sharing account number information for marketing purposes. ( a ) General prohibition on disclosure of account numbers. You must not, directly or through an affiliate, disclose, other than to a consumer reporting agency, an account number or similar form of access number or access code for a consumer 's credit card account, deposit account, or transaction account to any non affiliated third party for use in telemarketing, direct mail marketing, or other marketing through electronic mail to the consumer. ( b ) Exceptions. Paragraph ( a ) of this section does not apply if you disclose an account number or similar form of access number or access code : ( 1 ) To your agent or service provider solely in order to perform marketing for your own products or services, as long as the agent or service provider is not authorized to directly initiate charges to the account; or ( 2 ) To a participant in a private label credit card program or an affinity or similar program where the participants in the program are identified to the customer when the customer enters into the program. ( c ) Examples ( 1 ) Account number. An account number, or similar form of access number or access code, does not include a number or code in an encrypted form, as long as you do not provide the recipient with a means to decode the number or code. 15 U.S. Code 1681- Congressional findings and statement of purpose ( a ) Accuracy and fairness of credit reporting The Congress makes the following findings : ( 1 ) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. ( 2 ) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers.

( 3 ) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. 4 ) the privacy act of 1974 is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers right to privacy. ( b ) Reasonable procedures It is the purpose of this sub chapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, p personnel, insurance, and other information in a manner which is fair and equitable to theconsumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter. In light of this information, I kindly request assistance in reviewing the status of the charged-off accounts, inaccurate reporting, and the reporting of transaction history associated with my accounts listed on XXXX, XXXX, and experian. List provided below. 
Account XXXX XXXX Experian INACCURATE REPORTING XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX OPENING DATE XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX OPENING DATE XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX OPENING DATE XXXX XXXX XXXX XXXX {$3200.00} XXXX {$5800.00} XXXX XXXX XXXX  {$3200.00} XXXX {$3400.00} XXXX XXXXXXXX XXXX {$3200.00} XXXX {$5800.00} BALANCE AND OPEN DATES ACCOUNT CLOSED WITHOUT MY PERMISSION. 
XXXX XXXX XXXX CHARGE OFF XXXX XXXX CHARGE-OFF XXXX XXXX CHARGE-OFF OPENING DATE CHARGE-OFF CERTIFICATE OF INDEBTEDNESS XXXX XX/XX/XXXX XXXX CHARGE-OFF XX/XX/XXXX XXXXCHARGE OFF XX/XX/XXXXXXXX XXXXCHARGE OFF OPENING DATE CHARGE-OFF CERTIFICATE OF INDEBTEDNESS XXXX XX/XX/XXXX XXXX CHARGE-OFF XX/XX/XXXX XXXX CHARGE-OFF XX/XX/XXXX XXXX CHARGE-OFF OPENING DATE CHARGE-OFF CERTIFICATE OF INDEBTEDNESS XXXX XX/XX/XXXX XXXX XX/XX/XXXX XXXX XX/XX/XXXX XXXX OPENING DATE XXXX XXXX XXXXXXXX NO ACCOUNT # CHARGE XX/XX/XXXX XXXXCHARGE OFF XX/XX/XXXX XXXXCHARGE OFF OPENING DATE CHARGE-OFF CERTIFICATE OF INDEBTEDNESS XXXX XX/XX/XXXX XXXX CHARGE-OFF XX/XX/XXXX XXXX CHARGE-OFF XX/XX/XXXX XXXX CHARGE-OFF OPENING DATE CHARGE-OFF CERTIFICATE OF INDEBTEDNESS XXXX AUTHORIZED USER AUTHORIZED USER AUTHORIZED USER THE OWNER WILL NO REMOVE ME FROM THE ACCOUNT XXXX XXXX XXXX XX/XX/XXXX XXXX XX/XX/XXXX XXXX XX/XX/XXXX XXXX OPEN DATES BIRTH DATE ACCOUNT BALANCE CURRENT ADDRESS XX/XX/XXXX {$33000.00} XX/XX/XXXX {$33000.00} XX/XX/XXXX {$30000.00} XXXX

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation