Consumer complaint received 2025-06-05 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: EQUIFAX, INC.
State: MI

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX PA XXXX XXXX : Account # XXXX Formal Dispute of Debt and Reporting Dear XXXX XXXX, I am writing to formally dispute the validity of the alleged debt referenced above, as well as the accuracy of the information XXXX is furnishing to the consumer reporting agencies under the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681s-2.

Upon reviewing the records provided by your office, specifically the promissory note, it is clear that the promissory note I signed constitutes a negotiable instrument under the Uniform Commercial Code ( UCC ), specifically Article 3 ( Negotiable Instruments ). The promissory note itself carries value and served as the consideration to fund the transaction. As such, it is my assertion that the debt was satisfied at the time the note was accepted and used to fund the loan. 

To clarify : A promissory note is an asset that holds monetary value. 
Once I executed the promissory note, it was transferred and monetized by the lender, effectively extinguishing the alleged debt. 
Under the UCC 3-305, I have the right to assert defenses against enforcement of an instrument based on payment, discharge, and fraud. 
Moreover, XXXX has failed to provide full accounting or documentation demonstrating that any consideration separate from my signed promissory note was provided by XXXX or any predecessor to fund the loan. Without lawful consideration, no enforceable obligation exists. 

Additionally, continued reporting of this alleged debt as delinquent is inaccurate, misleading, and a violation of your obligations under the FCRA to report only complete and accurate information. 

Demand for XXXX XXXX : Cease and desist all reporting of this alleged debt to Equifax, XXXX XXXX, or any other consumer reporting agencies. 
Provide me with a full accounting showing the specific financial transactions validating that XXXX XXXX their own assets in funding the alleged loan. 
Remove all derogatory remarks associated with this alleged debt from all consumer reports immediately. 
Failure to comply with this demand will leave me no choice but to escalate this matter through a formal complaint to the Consumer Financial Protection Bureau ( CFPB ), the Federal Trade Commission ( FTC ), and may result in the pursuit of private legal action for violations of the FCRA, the Fair Debt Collection Practices Act ( FDCPA ), and other applicable laws. 

This is a formal dispute under 15 U.S.C. 1692g and 15 U.S.C. 1681i. Please note that any further attempt to collect or report on this account without verifying the debt as outlined above will constitute continued violations subject to damages and penalties under federal law. 

I await your immediate attention to this matter and expect your response within 30 days as required by law. 

Sincerely, XXXX XXXX XXXX To : XXXX XXXX XXXX XXXX XXXX XXXX XXXX. XXXX XXXX XXXX XXXX PA XXXX And to each of the following : XXXX  XXXX. XXXX XXXX, XXXX, TX XXXX Equifax XXXX XXXX XXXX, XXXX, GA XXXX XXXX  XXXX XXXX XXXXXXXX XXXX, XXXX, PA XXXX Subject : FINAL NOTICE Failure to Correct Inaccurate Reporting Legal Action Pending Account Number : XXXX Dear Sir or Madam, This letter serves as final notice regarding the formal disputes I submitted on [ insert original dispute date ] related to the inaccurate reporting of the alleged debt associated with XXXX  ( Account # XXXX ). 

As previously documented : I formally disputed the validity of the debt under the Fair Credit Reporting Act ( FCRA ). 
I asserted that no proper validation of the debt has been provided in accordance with federal law. 
I demanded the removal of the inaccurate tradelines from my consumer credit files. 
To date, there has been no adequate response or failure to remove the inaccurate information. This ongoing failure is a direct violation of your obligations under 15 U.S.C. 1681i ( Reinvestigation of Disputed Information by Consumer Reporting Agency ) and 15 U.S.C. 1681s-2 ( Responsibilities of Furnishers of Information ).

I now formally notify you of my intent to initiate the following if you do not comply within 10 business days of your receipt of this letter : File a lawsuit for willful noncompliance under the FCRA ( 15 U.S.C. 1681n ), seeking actual damages, statutory damages up to {$1000.00} per violation, punitive damages, costs, and attorneys fees.

Submit additional complaints to the Consumer Financial Protection Bureau ( CFPB ), the Federal Trade Commission ( FTC ), and my State Attorney Generals Office. 
Seek punitive sanctions for continued reporting of inaccurate and unverifiable information causing harm to my financial reputation. 
You have already been given ample opportunity to correct this matter voluntarily. This is your final chance to avoid escalation to litigation. I expect written confirmation that all derogatory tradelines have been completely removed from my consumer credit reports and all collection activities related to this matter have ceased. 

Please govern yourselves accordingly. 

Sincerely, XXXX XXXX XXXX

Company response to consumer: Closed with explanation