Consumer complaint received 2024-11-25 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: TRANSUNION INTERMEDIATE HOLDINGS, INC.
State: OH

Complaint narrative:
I am writing to formally lodge a complaint against XXXX Bank XXXX XXXX and XXXX XXXX XXXX XXXX for their continued unlawful and inaccurate reporting of debts associated with the above-referenced accounts to TransUnion. Additionally, I am holding TransUnion accountable for its failure to verify or validate this information as required by law, in violation of the Fair Credit Reporting Act ( FCRA ). 

Under 15 U.S.C. 1681e ( b ), consumer reporting agencies are required to ensure maximum possible accuracy of the information they report. TransUnion has failed in this regard by disseminating unverifiable and inaccurate information that materially damages my credit profile. Furthermore, under 15 U.S.C. 1681c, adverse items of information that are outdated or inaccurate should not remain on a consumers credit file. 

The FCRA further clarifies in XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX XXXX ( XXXX XXXX. XXXX ) that credit reporting agencies and data furnishers share a duty to conduct reasonable investigations when inaccuracies are disputed. To date, there has been no proof that the debts in question are valid, yet they remain improperly reported. 

In addition, I refer you to the FTC Report ( 2013 WL 419348, at 14 ), which highlights the responsibility of data furnishers and credit reporting agencies to adhere to high standards of accuracy and compliance with the FCRA. XXXX Bank XXXX XXXX and XXXX XXXX XXXX XXXX failure to provide verifiable proof of these alleged debts constitutes a blatant disregard for federal requirements. 

The IRS also states that a charge-off is considered taxable income, and I should have received a Form 1099-C if either XXXX Bank & XXXX  or XXXX XXXX XXXX XXXX considered these debts uncollectible . To my knowledge, I have received no such documentation. This omission raises further concerns about the legitimacy of the reported debts and the creditors compliance with tax laws. 

I demand immediate action to correct this situation : 1. Full Validation : XXXX Bank XXXX XXXX and XXXX XXXX XXXX XXXX must provide valid proof of these debts, including detailed account statements and evidence of my liability. 
2. Removal of Inaccurate Information : TransUnion must cease reporting unverifiable and inaccurate information about these accounts.

3. Explanation of Non-Compliance : I request a written explanation as to why no Form 1099-C has been issued if these debts are considered charged-off. 

If these issues are not promptly addressed, I will pursue further remedies, including filing complaints with other regulatory bodies, initiating legal action under the FCRA, and seeking damages for harm caused to my credit profile and financial standing. 

Please treat this letter as a formal dispute and respond in writing within 15 days as required by law.

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 non-monetary relief