Consumer complaint received 2024-12-06 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: Spring Oaks Capital, LLC
State: CA

Complaint narrative:
Greetings, Spring Oaks Capital LLC ; Please NOTE that this current CFPB complaint is tied to CFPB complaint XXXX that was filled XX/XX/year>. I am requiring that the inaccurate information be removed for violation for the following reasons : If a consumer notifies a furnisher that the consumer disputes the completeness or accuracy of any information reported by the furnisher, the furnisher may not subsequently report that information to a CRA without providing notice of the dispute. Section 623 ( a ) ( 3 ).

If a CRA notifies a furnisher that the consumer disputes the completeness or accuracy of information provided by the furnisher, the furnisher has a duty to follow certain procedures. The furnisher must : 1. Conduct an investigation and review all relevant
information provided by the CRA, including information given to the CRA by the consumer. Sections 623 ( b ) ( 1 ) ( A ) and ( b ) ( 1 ) ( B ).

2. Report the results to the CRA that referred the dispute, and, if the investigation establishes that the information was, in fact, incomplete or inaccurate, report the results to all CRAs to which the furnished provided the information that compile and maintain files on a nationwide basis. Section 623 ( b ) ( 1 ) ( C ) and ( b ) ( 1 ) ( D ).

3. Complete the above steps within 30 days from the date the CRA receives the dispute ( or 45 days, if the consumer later provides relevant additional information to the CRA ). Section 623 ( b ) ( 2 ).

4. Promptly modify or delete the information or block its reporting. Section 623 ( b ) ( 1 ) ( E ). Note that I have the right to seek legal action against you for " Negligen and willful failure to reinvestigate the disputed
entries in violation of Sections 611 ( a ), 616, and 617 of the FCRA, 15 USC 1681i ( a ), 1681n, 1681o, XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX. XXXX ( XXXX. XXXXXXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXXXXXX XXXX ) I recently disputed the following inaccurate information with you and when I pulled my new credit report on XX/XX/year>, the notice of dispute was not present, and therefore, you, are in violation of FCRA 623 ( a ) ( 3 ) and can not report this information. Regulation V has been violated as well.

I've included the most recent dispute reasons from my letter. Remove immediately : Next, According to the FDCPA if a debt collector does not verify a debt within 30 days of receiving a written request from me, the consumer, under the Fair Debt Collection Practices Act ( FDCPA ), they are generally considered to have " invalidated '' the debt and are legally prohibited from further collection attempts on that debt ; this means they can not continue to try to collect the debt, report it to credit bureaus, or sue ME for it.

Spring Oaks Capital LLC according to 1006.34 Notice for validation of debts and 15 USC 1692g Sec. 809 ( b ) of the FDCPA you have failed to validate this debt within 30 days. As a result, I demand you delete this account off of all my consumer credit reports. You've failed do so! See the attached supporting documentation.

Spring Oaks Capital LLC, you are hereby notified that that alleged debt does not belong to me and I refuse to pay it. 

I have been receiving telephone calls and written communication from you concerning fraudulent account # XXXX on behalf of XXXX XXXX XXXX As you have been informed repeatedly, this debit does not belong to me as I am a victim of fraud and identity theft. Please stop harassing me as I would greatly appreciate this. 

Under 15 USCA 1692 c of the Fair Debt Collection Practices Act, this is my formal notice for you to cease all communication via phone calls and via written correspondence except for those permitted by federal law. 

Spring Oaks Capital LLC, you are only to contact me within 15 days via mail to send communication that the debt shall be deleted from all my credit reports.

Company response to consumer: Closed with non-monetary relief