Consumer complaint received 2024-08-30 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: IL

Complaint narrative:
According to the Fair Credit Reporting Act, 15 USC 1681 section 602a4 states " There is a need to ensure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers right to privacy. '' XXXX, Experian and XXXX are consumer reporting agencies, and I am the Consumer. I have the right to make sure my private information isn't shared which is backed by 15 USC 6801 which states " It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers nonpublic personal information. '' XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX are financial institutions by definition under that title. 15 USC 1681 section 604 ( a ) section 2 states that " In general Subject to subsection ( c ) any consumer reporting agency may furnish a consumer report under the following circumstances and no other : in accordance with the written instructions of the consumer to whom it relates. '' XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX the financial institutions and the Consumer reporting agencies XXXX, XXXX, and Experian do not have my consent to furnish this information, and they do not have my written consent. All consent to XXXX, XXXX, Experian, XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX whether it be verbal, non-verbal, written, un-written, implied or otherwise is revoked. 15 USC 6802 ( b ) ( c ) states that " A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless the consumer is given an explanation of how the consumer can exercise that nondisclosure option. '' Not only that 15 USC 1681C ( a ) ( 5 ) states " Except as authorized under subsection ( b ), but no consumer reporting agency may also make any consumer report containing any of the following items of information. Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years. '' This account has multiple violations of reporting adverse items WITHOUT MY PERMISSION which is against the law. 15 U.S. Code 1681s2 ( A ) ( 1 ) A states " A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. 15 U.S. Code 1681e states '' Every consumer reporting agency shall maintain reasonable procedures designed to avoid violations of section 1681c of this title and to limit the furnishing of consumer reports to the purposes listed under section 1681b of this title. XXXX, XXXX and Experian are not maintaining reasonable procedures. 


As seen in the report XXXX has a Name, Date of Birth, 3 Addresses, and 2 Employer History for 7 clear violations of Privacy. 
XXXX reported Account XXXX, Revolving Credit Balance {$70000.00}, Total Balances of {$70000.00}. There are 4 other line items listed reported {$0.00}. These items are violations. I need to see proof and GAAP accounting of all values XXXX reported Revolving Credit Balance {$70000.00}, Total Balances {$70000.00}, and 4 other line items reported {$0.00}, all of these are violations.

I need to see proof and GAAP accounting of all values.

15 USC 1681 subsection 623 states In general. If any financial institution that extends credit and regularly and in the ordinary course of business furnishes information to a consumer reporting agency described in section 603 ( p ) furnishes negative information to such an agency regarding credit extended to a customer, the financial institution shall provide a notice of such furnishing of negative information, in writing, to the customer. 
XXXX Lists the Account as XXXX XXXX XXXX, Account # XXXX, Account Type Revolving, Status {$22000.00} Past Due, Open Date XXXX, Credit Limit {$19000.00}, Payment {$0.00}, Balance {$22000.00}, Date Reported XXXX, Amount Past Due {$22000.00}, Count of Late Payments XXXX, Condition Closed, Responsibility Individual, Creditor Contact XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. All of these are violations and show no accounting. 
XXXX reports the Account as XXXX XXXX XXXX, Account Type Revolving, Status {$22000.00} Past Due, opened XXXX, Credit Limit {$0.00}, Payment {$0.00}, Balance {$22000.00}, Amount Past Due {$22000.00}, Count of Late Payments 5, Condition Closed, Responsibility Individual Experian reports the Account XXXX XXXX XXXX , Account # XXXX, Account Type Revolving, Status {$22000.00} Past Due, opened XXXX, Credit Limit {$19000.00}, Payment {$0.00}, Balance {$22000.00}, Date Reported XXXX, Amount Past Due {$22000.00}, Count of Late Payments 5, Condition Closed, Responsibility Individual, Creditor Contact XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX .

There are discrepancies between the reporting agencies for Account opening dates, Account numbers, and Count of Late Payments. Also, I never directed to close the accounts, and this is an open-ended credit account as defined by the CFR. 

In XXXX Payment History, XX/XX/XXXX a charge off is reported and remarks from XXXX state Charged off as bad debt. 

In the XXXX report XX/XX/XXXX, a Charge Off is reported, and XXXX XXXX there are late payments reported. XXXX remarks Charged off account. 

In the Experian report XXXX XXXX Charge Off is reported and XXXX XXXX late payments are reported. Experian Remarks Account has been closed due to inactivity. 

XXXX XXXX XXXX nor any other entity can collect on a discharged debt. This is now considered a certificate of indebtedness per the IRS and income can not be reported. The IRS clearly defines a charge off as Gross or Ordinary income, income does not get reported on the credit report which in fact makes reporting of this account inaccurate. By definition, the IRS clearly says a Cancelled debt or Charge off is Income. The reporting of this account as a debt is inaccurate. I never received a 1099-C from XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX for the cancelled debt of {$22000.00} in order to file as ordinary income. Where is my 1099-C? XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX is clearly writing off debt with the IRS without sending out 1099-Cs and any other applicable forms as required by the IRS for debts greater than {$600.00}. This is unacceptable. I want to see full disclosure of any 1099s, any other forms and other GAAP accounting, including all accounting for adherence to 12 CFR 1026.21 which states when a credit balance in excess of {$1.00} is created in connection with a transaction ( through transmittal of funds to a creditor in excess of the total balance due on an account, through rebates of unearned finance charges or insurance premiums, or through amounts otherwise owed to or held for the benefit of a consumer ), the creditor shall : ( a ) Credit the amount of the credit balance to the consumer 's account ; ( b ) Refund any part of the remaining credit balance, upon the written request of the consumer ; and ( c ) Make a good faith effort to refund to the consumer by cash, check, or money order, or credit to a deposit account of the consumer, any part of the credit balance remaining in the account for more than 6 months, except that no further action is required if the consumer 's current location is not known to the creditor and can not be traced through the consumer 's last known address or telephone number. The involved parties have or should have filed with the IRS, Federal Trade Commission, Security Exchange Commission on my account. I want the account audited and corrected immediately.

Also 12 CFR 1016.7 states that " A consumer may exercise the right to opt out at any time. '' I am opting out of your reporting services.

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