Consumer complaint received 2025-04-04 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: WI

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX [ Date ] Consumer Financial Protection Bureau XXXX XXXX XXXX XXXX XXXX  DC XXXX Subject : Formal Complaint and Request for Investigation XXXX XXXX ( Acct # : XXXX ) Dear Ma'am/Sir, I am writing to file a formal complaint against XXXX XXXX XXXX XXXX XXXX XXXXor reporting inaccurate and potentially unlawful credit information to the consumer reporting agencies. The information being reported includes a charged-off status and a profit and loss write-off totaling {$7000.00}, which is allegedly still being claimed as a delinquent debt and balance owed as of XX/XX/XXXX. These were charged of reported by XXXX XXXX on the following months and years. Charge Off as of XX/XX/XXXX to XX/XX/XXXX, XX/XX/XXXX, however continuity of reporting to credit bureaus have been ongoing with the most recent XX/XX/XXXX. 

This practice raises serious legal concerns and violates several federal and administrative regulations including, but not limited to : 1. IRS Code and 1099-C Requirements According to IRS Regulation 26 CFR 1.6050P-1, when a debt is discharged ( written off/charged off ), a Form 1099-C is required to be issued to the consumer, reflecting cancellation of the debt. If this debt has been canceled or claimed as a loss for tax purposes by XXXX, it is no longer legally enforceable and should not be simultaneously reported as a delinquent balance. 

Reporting a charge-off while continuing to claim a balance due is deceptive and may constitute double recoveryviolating tax law and fair reporting practices.

2. Uniform Commercial Code ( UCC ) 3-501 & 3-603 Under the UCC, once a debt is discharged, either through satisfaction, accord and satisfaction, or abandonment, the party has no further legal standing to enforce collection. If XXXX has written off this debt and received tax relief or third-party reimbursement, continued reporting serves no legitimate business or legal purpose and must cease.

3. 15 U.S.C. 1681 et seq. Fair Credit Reporting Act ( FCRA ) The FCRA mandates that all information reported to consumer reporting agencies must be accurate, complete, and verifiable. Under 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ), a furnisher is prohibited from reporting information with actual knowledge of errors. Continued reporting of a profit/loss charge-off as collectible debt is both inaccurate and misleading.

Further, 1681c ( a ) ( 4 ) limits negative account information to 7 years. However, if the debt is no longer valid due to IRS charge-off or legal abandonment, its presence on my report is a violation of federal law and an act of reputational harm.

4. FTC and CFPB Guidelines The Federal Trade Commission and the CFPB have repeatedly held that dual classification of debt ( as a tax write-off and simultaneously collectible ) is deceptive and may constitute an Unfair, Deceptive, or Abusive Acts or Practices ( UDAAP ) under the Dodd-Frank Act ( 12 U.S.C. 5531 ). Reporting entities are responsible for ensuring compliance with both tax law and consumer credit law.

Requested Resolution : Permanent Deletion As a result of these legal violations and the unlawful continued reporting of this charged-off account, I formally request : Immediate deletion of all XXXX XXXX tradeline entries related to account # XXXX from all consumer reporting agencies ( Experian, XXXX, XXXX, XXXX, etc. ) Confirmation of deletion in writing This is not a request for dispute correction, but a formal complaint and demand for deletion based on legal grounds. 

Please investigate this matter promptly and advise me of the outcome of your inquiry into JPMCBs reporting conduct. Enclosed are copies of the reported account information for reference. 

Sincerely, /s/ XXXX 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