Consumer complaint received 2025-08-08 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: EQUIFAX, INC.
State: TN

Complaint narrative:
REBUTTAL / SUPPLEMENTAL STATEMENT TO CFPB COMPLAINT Reference : CFPB Complaint No. XXXX Claimant : XXXX XXXX XXXX Respondent : XXXX XXXX  I am submitting this rebuttal to expand upon and clarify critical facts that materially affect my original complaint filed XX/XX/year>2025. 

Upon review of the loan agreement provided by XXXX XXXX in their so-called validation of the alleged debt, I discovered a provision titled Collateral Assignment that pledges my loan as collateral to XXXX XXXX XXXX XXXX as agent for various financial institutions. 

This collateral pledge is a material alteration of the transaction that was never disclosed in clear, plain language at the time of signing, nor was I advised of its implications. Specifically : 1. No informed consent was given to pledge my obligation to a third-party financial institution for purposes of securitization, monetization, or collateralization.

2. No accounting or benefit was returned to me from this pledge, despite the fact that such transactions can create value for the
pledgee and associated institutions.

3. This omission constitutes a deceptive act and practice in violation of federal consumer law by concealing the nature and disposition of the underlying obligation. 



Additionally, nowhere in the agreement is there written authorization granting XXXX XXXX permission to furnish or report my personal data to any consumer reporting agency. Under the Fair Credit Reporting Act ( 15 U.S.C. 1681s-2 ), a furnisher must have both a permissible purpose and a duty of accuracy, and absent explicit written instructions from me, the act of furnishing this data is unauthorized and unlawful. 

XXXX XXXX actions demonstrate a consistent pattern of overreach, concealment, and disregard for statutory obligations : The validation provided did not include any evidence of the actual transfer, pledge, or sale of my account to XXXX XXXX  or other financial institutions. 

No disclosure was made regarding whether my account has been securitized or otherwise converted into a financial instrument for the benefit of third parties. 

No written consent exists for credit reporting, yet tradelines have been placed with Equifax, XXXX, and XXXX, causing reputational harm and impairing access to credit. 


This conduct reflects not an isolated oversight but a systemic disregard for the principles of transparency and consumer autonomy. Concealing collateralization while simultaneously engaging in unauthorized data furnishing violates the trust foundational to consumer lending and exposes broader compliance failures potentially warranting regulatory enforcement. 

Requested Action : I request that the CFPB require XXXX XXXX to : 1. Produce full documentary proof of any transaction involving the collateral assignment to XXXX XXXX  XXXX, including whether securitization occurred. 


2. Provide written proof of any consumer authorization for credit reporting. 


3. Remove all unauthorized tradelines from all consumer reporting agencies. 


4. Face appropriate regulatory action for deceptive, unfair, and unlawful practices. 



Respectfully submitted, XXXX XXXX XXXX XX/XX/year>2025 2025

Company response to consumer: Closed with explanation