Consumer complaint received 2025-02-18 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: Experian Information Solutions Inc.
State: IN

Complaint narrative:
Consumer Complaint to Credit Bureau ( Experian, XXXX, XXXX ) Subject : Dispute of Unlawful Repossession, Breach of Contract, and Fraudulent Reporting by XXXX XXXX XXXX To Whom It May Concern, I am formally disputing the reporting of negative information by XXXX XXXX XXXX regarding my auto loan. This account is currently under legal dispute due to breach of contract, improper assignment, unlawful repossession, and fraudulent securitization of my financial instrument. 

Reasons for Dispute : 1. Unlawful XXXX & XXXX of XXXX My contract with XXXX XXXX requires arbitration for any legal action. XXXX XXXX ignored this requirement and proceeded with unlawful collection actions. 
The company failed to perfect its lien, as confirmed by a UCC-11 search, meaning it had no lawful claim to repossess the vehicle.

The repossession was conducted in violation of state and federal consumer protection laws, including the Fair Credit Reporting Act ( FCRA ) and Uniform Commercial Code ( UCC 9-318 ( a ) ), which prohibits enforcement once a promissory note has been sold. 
XXXX. XXXX XXXX XXXX XXXX Account XXXX XXXX XXXX has securitized my loan by selling it to XXXX XXXX XXXX XXXX XXXX 2024, which means they no longer retain a legal or equitable interest in the account per XXXX XXXX ( g ). 
Since they transferred ownership of the contract, they lost enforcement rights, and any negative credit reporting by them is inaccurate and misleading. 
They have also failed to report the proper accounting on my behalf through necessary tax forms, indicating discrepancies in their financial reporting practices. 
XXXX. Failure to Properly Respond to Legal Notices I provided a written revocation of their security interest within the first week of purchasing the vehicle. 
XXXX XXXX failed to respond within XXXX  days, rendering their claim to the contract unenforceable. 
Despite my dispute, they continued to report inaccurate information to the credit bureaus, violating the Fair Credit Reporting Act ( FCRA ) 623 ( responsibility of furnishers to report accurate information ). 

Requested Resolution : Immediately remove any negative reporting from my credit file regarding this account. 
Correct my credit report to reflect that the account is under legal dispute. 
Investigate and confirm that XXXX XXXX no longer has a perfected XXXX or enforcement rights on this contract. 
Verify whether XXXX XXXX still legally owns this account or if it has been transferred to another entity. If transferred, the entity that currently holds the contract should be the only party reporting. 

Failure to correct this inaccurate reporting will result in further legal action, including complaints to the CFPB, FTC, state attorneys general, and private litigation for violations of the FCRA, XXXX, and consumer protection laws.

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 explanation