Consumer complaint received 2024-03-27 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: Bread Financial Holdings, Inc.
State: MD

Complaint narrative:
COMENITY BANK REPORTED A CHARGE OFF ON MY CONSUMER REPORT AND THIS MEANS THAT THEY WROTE IT OFF. 

ACCORDING TO THE FDIC EVERY ACCOUNT IS INSURED FOR {$250000.00} DOLLARS. IF ALL ACCOUNTS WITH BREAD FINANCIAL, THE PARENT COMAPANY OF COMENITY BANK AS WELL AS COMENITY 'S ACCOUNTS ARE INSURED FOR {$250000.00} THEN, COMENITY BANK DIDN'T LOSE ANYTHING. IN FACT, A FORENSIC AUDIT OF THE ACCOUNT WILL SHOW THAT COMENITY BANK COMMITTED SECURITIES FRAUD AND MAIL FRAUD BY XXXX. THEY CONTINUED TO SEND SECURITIES THROUGH THE MAIL BY WAY OF BONDS AND COUPONS WHICH THE LAW SATES THEY SHOULD BE ONLY SENT BY REGISTERED MAIL OR COURIER SERVICE. 31 CFR 328 XXXX. COMENITY BANK HAS NEVER SENT ME A 1099C XXXX. I DO NOT CONSENT TO MY PRIVATE INFORMATION BEING SHARED XXXX. AFTER COMENITY WROTE OFF THE DEBT, THEY RECEIVED THE INSURANCE MONEY AND THEN SOLD IT TO A THIRD PARTY DEBT COLLECTOR IN AN EFFORT TO TOTALLY HARM ME. 

XXXX. THEY DOUBLE DIPPED XXXX. CAUSED ME YEARS OF HARM BY REPORTING THE CHARGE OFF WHEN ITS ALREADY FRAUD FROM THE GET GO. 

XXXX. THEY DIDN'T FOLLOW THE INDENTURE AGREEMENT NOT THE INDENTURE ACT OF 1939 XXXX. SOLD MY RECEIVABLE FOR THIS ACCOUNT ON THE FIRST AND SECONDARY MARKET AND TOOK THE PRINCIPAL AND INTEREST When a debt is sold to a third party, that is considered a certificate of indebtedness. The cancellation of a debt means it is income and it is against the law to report income on credit reports/credit profiles. Please immediately remove all of the charged-off account from my credit report. 
AND THEN CONTACT THE THIRD PARTY THAT YOU SOLD THE DEBT TO AND DELETE IT OFF OF MY CONSUMER CREDIT REPORT IMMEDIATELY. 
THE STATUTE OF LIMITATIONS IN MARYLAND IS 3 YEARS. 
15USC 1681 a ( d ) ( 2 ) ( A ) ( i ) clearly states that transactions between the consumer and the Person/Corporation making the report is NOT included on the consumer reports. Yet COMENITY BANK is reporting this information. 

The reporting of excluded information pursuant to XXXX5USC 1681 a ( d ) ( 2 ) ( A ) ( i ) on a consumer report is a clear violation of companies compliance. Provide me with the compliance disclosure on reporting transactions to a consumer reporting agency. derogatory information in my consumer reports are in violation of 26 USC ss 6050P Returns Relating to the Cancellation of Indebtedness By Certain Entities. If this derogatory account information is not deleted from my consumer reports within 30 days, I will be forced to officially file IRS form XXXX : Information Referral AND IRS form 211 : Application For Award For Original Information Overview with the Internal Revenue Service against ALL entities involved In addition : According to the Fair Credit Reporting Act 15 USC 1681 section 602 a 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.

Company response to consumer: Closed with explanation