Consumer complaint received 2025-01-31 00:00:00
Product: Debt collection — I do not know
Issue: Written notification about debt — Didn't receive enough information to verify debt
Company: Spring Oaks Capital, LLC
State: FL

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, Fl XXXX XX/XX/XXXX Spring Oaks Capital , LLC XXXX XXXX XXXX, VA XXXX Subject : Formal Account Dispute and Validation Request To Whom It May Concern : I am writing to formally dispute the validity of the alleged debt associated with XXXX XXXX XXXX XXXX XXXX ( account ending in XXXX ), which you claim to have acquired on XX/XX/XXXX. Under the Fair Debt Collection Practices Act ( FDCPA ) ( 15 U.S.C. 1692 et seq. ) and the Fair Credit Reporting Act ( FCRA ) ( 15 U.S.C. 1681 et seq. ), I am exercising my right to request full validation of this debt and to challenge the legality of its transfer and reporting. Below I outline the reasons why this account should not be considered valid : 1. Lack of Proper Notice and Violation of the FDCPA Under FDCPA 1692g ( a ), a debt collector must send a written notice of the debt within five days of the initial communication, informing the consumer of their right to dispute the debt. I did not receive any such notice from Spring Oaks Capital , LLC. If you claim to have mailed such notice, I request proof of delivery, 2. Unauthorized Transfer and Assignment Under the principles of contract law, an agreement can not be assigned to a third party without the explicit consent of the debtor. I never authorized XXXX XXXX XXXX XXXX XXXX to sell, transfer, or assign this debt to Spring Oaks Capital , LLC. The mere purchase of a charged-off account does not create a binding legal obligation on my part, especially in the absence of a signed contract or explicit consent. 
3. Failure to Provide Proof of Contract and Violation of the FCRA Under Title 15 of the United States Code, section 1681s-2 ( a ), information reported to the credit bureaus must be accurate and verifiable. If Spring Oaks Capital LLC intends to report this account to the credit bureaus, it must provide the original agreement with my signature, showing that I agreed to be bound by this debt under its management. Failure to do so constitutes a violation of the FCRA. 



4. XXXX XXXX XXXX XXXX XXXX Loss of Rights Upon Debt Cancellation Under federal guidelines, once an original creditor cancels a debt, they receive tax benefits and often sell the account for a fraction of its value. This means that the original creditor is made whole and no longer entitled to collect. A third party, such as Spring Oaks Capital , LLC, can not assume greater rights than the original creditor had at the time of cancellation.

5. Consumer Right to Dispute Inaccurate Reporting Under Title 15, United States Code, Section 1681i ( a ), I am formally disputing any negative reporting of this account to the credit bureaus and requesting an immediate investigation. You must provide documentation showing that this debt is valid and was rightfully assigned to you. Until such documentation is provided, any negative re
porting is illegal and subject to damages under the FCRA.

6. Failure to notify the consumer promptly Under the FDCPA, a debt buyer must notify the consumer of the transfer of ownership within a reasonable time. I did not receive any notification until the reporting had already been initiated, which violates my rights as a consumer.

7. Fraudulent and Deceptive Practices If Spring Oaks Capital , LLC continues to attempt to collect without submitting a signed agreement, it may be violating the FDCPA for deceptive practices ( 15 U.S.C. 1692e ), which prohibits false or misleading statements in debt collection. Any continued reporting of this debt without proper validation constitutes an intentional violation of federal law.

8. Failure to Provide Evidence of Contracts and Authorization : For the accounts you claim I am responsible for, I formally request : Copies of Original Contracts : Evidence that I signed agreements with the original creditors.

Documentation of Debt Transfers : Proof of the legal sale or transfer of these accounts, accompanied by notifications sent to me as required by the FDCPA.

Without these, the continued reporting of these accounts is baseless and violates my rights under both FCRA and FDCPA. I urge XXXX to fulfill its legal duty by ensuring that only legitimate, validated accounts are included in my credit file. 
Reason for Dispute : I did not authorize this account. Additionally, I did not receive a notification or documentation regarding the transfer or sale of this debt to a third party. 
Violation : The failure to notify me of this transfer and the inclusion of unauthorized charges directly contravenes 15 USC 1666B.

Reason for Dispute : This entry contains inaccurate information and was added without my consent. I have no record of authorizing this transaction.

Violation : As per 15 USC 1666B, charges or items appearing on my credit report without proper authorization are subject to dispute and must be removed promptly.

Reason for Dispute : The information provided in this entry is inaccurate and does not reflect any authorized activity on my part. 
Violation : The reporting of this item without verification or proper documentation violates my rights under the Fair Credit Reporting Act ( FCRA ) and 15 USC 1666B.

Violations of Consumer Protection Laws : The above actions ( or lack thereof ) represent breaches of key consumer protection laws, including : FDCPA Violations : Failure to notify of debt transfers and validate debts under 15 U.S.C. 1692g.

FCRA Violations : Failure to verify or delete inaccurate and unverifiable information under 15 U.S.C. 1681b, 1681e ( b ), and 1681i. 

These violations not only harm my creditworthiness but also cause undue stress and inconvenience

Company response to consumer: Closed with non-monetary relief