Consumer complaint received 2025-02-01 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: BARCLAYS BANK DELAWARE
State: NJ

Complaint narrative:
Subject : Formal Complaint Violation of Fair Credit Reporting Act ( FCRA ) for Willful Noncompliance Attention Barclays Bank Delaware Corporate Compliance and Legal Department : I am writing to formally address your willful noncompliance with the Fair Credit Reporting Act ( FCRA ) regarding your erroneous, false and misleading reporting of an account that has been charged off and settled via IRS Form 1099-C, Cancellation of Debt. Your failure to accurately update and report this account, despite its charge-off status since XX/XX/XXXX, has resulted in severe harm to my credit history, financial standing, and personal reputation. 

Violation of the Fair Credit Reporting Act ( FCRA ) Barclays Bank Delaware ( " BBD '' ) has willfully and negligently continued to report an inaccurate balance on my credit file, despite my account being settled and closed under IRS regulations. This charge-off should have been properly filed and reported to the IRS during the XXXX tax year, yet BBD has failed to comply. The IRS has accepted my 1099-C form and will actively audit this matter for possible tax evasion, unreported income, failure to file a return, and failure to pay tax on earned income. This noncompliance is a serious offense that has caused unnecessary harm to me. 

Demand for Damages Due to BBDs reckless and bad-faith reporting, I have suffered financial and reputational damages. As a result, I am demanding compensation of {$1000.00} per month for each month of inaccurate and incomplete reporting, beginning from XX/XX/XXXX, to the present, totaling {$15000.00} USD ( XXXX  months @ $ XXXX per month ). This amount is non-negotiable, as the IRS is now involved and aware of BBDs bad-faith actions of potential tax evasion.

Immediate Actions Required To resolve this matter, I am demanding the following : Immediate correction of my credit file to reflect a {$0.00} balance.

Immediate suppression and deletion of the trade-line being reported to any and all credit reporting agencies in perpetuity.

Full compliance with IRS regulations by properly reporting this charge-off per Form 1099-C requirements.

Payment of {$15000.00} USD in damages for the 15 months of BBD 's willful erroneous, inaccurate, incomplete, false and misleading reporting, and bad faith actions. 
If these demands are not met immediately, I will have no choice but to escalate this matter by : Filing IRS Form XXXX, which will prompt an IRS investigation into BBDs failure to report the charge-off in the appropriate tax year.

Seek further recourse under the Fair Credit Reporting Act ( FCRA ) and consumer protection laws.

Attached to this complaint/notice, you will find verifiable proof in the form of IRS Form 1099-C ( Copy B and Copy C ), confirming the cancellation of this debt.

I urge BBD to immediately rectify this matter and settle it amicably and privately. If you fail to comply, I am fully prepared to pursue all legal avenues available to me.

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