Consumer complaint received 2025-06-24 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: EQUIFAX, INC.
State: NY

Complaint narrative:
This is not a new dispute. This is a plea for help and a formal request for the CFPB to intervene as a regulatory authority to stop Equifax from continuing to cause me harm.

This complaint concerns Equifaxs handling of the XXXX XXXX XXXX tradeline currently reported on my credit file. 

On XX/XX/year>, I sent a certified dispute and verification request directly to XXXX XXXX XXXX, challenging the accuracy and legitimacy of the alleged debt. As of today, no response or documentation has been provided by the furnisher. Additionally, I filed a formal complaint with the CFPB on XX/XX/year> ( Complaint # XXXX ), to which XXXX XXXX has also failed to respond.

Despite this, Equifax marked the account as verified and closed the investigationmiraculously completing it within two business days of my new dispute submission dated XX/XX/year>. 
Equifaxs response does not address any of the required elements for proper verification, including : Proof of ownership or right to collect the debt Signed agreement or contract Full billing and payment history XXXX XXXX XXXXXXXX debt collection license ( if applicable ) Validation notice provided to the consumer Furthermore, the documentation I submitted to Equifax on XX/XX/year>, clearly proves that the alleged debt is a business loan, not a personal consumer obligation. Equifax failed to acknowledge or reflect this critical distinction in its investigation results. This omission is not just procedural it directly affects the legality of reporting the account under the Fair Credit Reporting Act ( FCRA ). 

Had Equifax conducted a legitimate investigation and requested, as I did, a signed agreement from the furnisher, it would have discovered on page 2 of the agreement language stating : The loan proceeds will not be used for personal, family, household, or consumer purposes.

This clause confirms that the account is a commercial debt and therefore not legally reportable on a consumer credit file.

By continuing to report this account, Equifax has violated its duty under FCRA 607 ( b ) to ensure that only accurate, complete, and legally permissible information is reported.

Notice of FCRA Violations : Equifaxs conduct constitutes clear violations of the FCRA, including : 611 ( a ) : Failure to conduct a reasonable reinvestigation 607 ( b ) : Failure to ensure maximum possible accuracy 616 & 617 : Civil liability for willful or negligent noncompliance Ongoing Harm : Equifaxs failure to conduct a responsible and lawful investigation combined with its continued publication of false, unsubstantiated, and misrepresentative account information has caused, and continues to cause, serious personal and financial harm.

Most significantly, I have been denied access to urgently needed business funding due to the presence of this inaccurately reported tradeline.

Equifaxs negligence has interfered with my right to fair and accurate credit reporting and obstructed critical financial opportunities. This conduct constitutes a violation of the Fair Credit Reporting Act, as well as applicable XXXX XXXX XXXXXXXX consumer protection laws.

Company response to consumer: Closed with explanation