Consumer complaint received 2024-11-22 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: IL

Complaint narrative:
Subject : Dispute of Inaccurate Information on Credit Report and violation to the Fair credit reporting act. 
Complaint Summary : I am submitting this complaint against Equifax regarding the inaccurate information reported on my credit report, which violates the Fair Credit Reporting Act ( FCRA ). 
On XX/XX/2023 I discovered discrepancies in the following account ( s ) : Account Name : XXXX XXXX Account Number : XXXX Disputed Information : Credit Limit : The " Credit Limit '' is reported as {$750.00} by XXXX but as {$0.00} by XXXX and Equifax . This inconsistency needs to be corrected, as all bureaus should report the same information. 
" High Credit '' : XXXX reports the " High Credit '' as {$2300.00}, while XXXX and Equifax report {$2200.00}. This discrepancy in the amounts should be verified and corrected. 
Payment Status : The payment status is listed as " Collection/Chargeoff '' by all bureaus. However, Equifax indicates a 30-day late payment in XX/XX/2023 in the payment history section, while XXXX and XXXX show " OK '' for the same period. This inconsistency must be addressed. 
Date Opened : The " Date Opened '' is reported as XX/XX/2023, by XXXX and Equifax. While this appears consistent, I request verification to ensure the date is accurate. 
Balance : All bureaus report a balance of {$2200.00}. However, if the original credit limit was {$750.00}, this amount seems unusually high. I request a review to confirm the accuracy of this balance. 
Payment History : XXXX and XXXX reflect OK payments prior to the " Collection/Chargeoff '' status, but this contradicts the accounts current state. Please confirm whether the reported payment history is accurate. 
Date of Last Payment : The " Date of Last Payment '' is reported as XX/XX/2023. This seems inconsistent with the accounts status as " Charged Off. '' Kindly verify and adjust this record if necessary.

Under Section 611 of the FCRA, I have the right to dispute inaccuracies and request prompt investigation. I formally requested a reinvestigation of the account information and cited relevant sections of the FCRA, including : 1. Section 609 ( a ) ( 1 ) ( A ) : Requirement for verification of accounts through original documentation.

2. Section 611 : Right to dispute inaccuracies and request investigation.

3. Section 623 ( a ) ( 5 ) : Removal of unverifiable information dont validated for creditor Original.

4. 15 U.S. Code 1681e ( b ), which requires that the procedures for including information in credit reports ensure maximum possible accuracy Despite my request, EQUIFAX has failed to conduct a thorough investigation or resolve these discrepancies within the required timeframe of 30 days. This negligence has led to the continued reporting of false information, which has negatively impacted my creditworthiness. 
In my request, I emphasized that any unverifiable information should be removed from my credit report INMEDEDIATLY within the mandated 30-day period, as established in 15 U.S. Code 1681i. Additionally, I referenced 15 U.S. Code 1681e ( b ), which requires that the procedures for including information in credit reports ensure maximum possible accuracy. Furthermore, under 15 U.S. Code 1681s-2, furnishers of information are required to investigate and correct inaccurate information upon notice of a dispute.

Company response to consumer: Closed with explanation