Consumer complaint received 2025-01-30 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: CAPITAL ONE FINANCIAL CORPORATION
State: NY

Complaint narrative:
Consumer Financial Protection Bureau Complaint Complainant Information : Name : XXXX XXXX Email : XXXX Address : XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX : DEMAND for Immediate Removal of Charge-Off Accounts and Alleged Late Payments Violation of IRS Regulations and Consumer Laws Complaint Details : This complaint serves as a formal demand for the immediate removal of charge-off accounts and alleged late payments being unlawfully reported on my credit reports. The reporting of these accounts is a direct violation of federal laws, including IRS Regulation 1099-C and the Fair Credit Reporting Act ( FCRA ).

1. Unlawful Reporting of Charge-Off Accounts Under IRS Regulation 1099-C, once a debt is charged off and a Form 1099-C is issued, the IRS considers the amount as income , meaning the debt is legally satisfied. Creditors can not continue to report the balance as outstanding debt when they have already discharged it for tax purposes. 

Despite this regulation, the following accounts are unlawfully being reported as charge-offs on my credit report : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX This is a clear violation of 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ) of the FCRA, which mandates that information furnished to credit reporting agencies must be accurate and complete. Continuing to report these charge-offs as delinquent is fraudulent, misleading, and unlawful.

2. Illegal Reporting of Alleged Late Payments According to federal consumer laws, including the Fair Credit Reporting Act ( FCRA ) and Truth in Lending Act ( TILA ), transactions and experiences between a consumer and a creditor are not to be reported on a consumer credit report in a manner that defames, misrepresents, or falsely portrays the consumers creditworthiness. 

The following accounts contain alleged late payments that must be removed immediately : Capital One Bank USA XXXX XXXX XXXX XXXX Resolution Demanded : To resolve this matter, I demand the following immediate actions : Permanent removal of all charge-off accounts listed above from my credit reports due to violations of IRS 1099-C regulations and FCRA consumer rights.

Permanent removal of all alleged late payment notations from Capital One Bank USA and XXXX XXXX XXXX XXXX as such reporting is an unlawful violation of 15 U.S.C. 1681b of the FCRA. 
Written confirmation from all credit reporting agencies and creditors that my reports have been corrected and brought into full compliance with the law. 
Final Warning Failure to comply immediately will result in escalated legal action. I will file additional complaints with the Federal Trade Commission ( FTC ), the Consumer Financial Protection Bureau ( CFPB ), the IRS, and the Attorney Generals office. Furthermore, I will seek monetary damages for defamation, financial harm, and mental anguish caused by these unlawful reporting practices. 

This matter requires urgent and immediate correction. I expect a full response and resolution within 15 days. 

Attached is a FTC report affidavit documenting these violations for further evidence. 

Sincerely, XXXX XXXX

Company response to consumer: Closed with non-monetary relief