Consumer complaint received 2025-10-14 00:00:00
Product: Payday loan, title loan, personal loan, or advance loan — Installment loan
Issue: Improper use of your report — Reporting company used your report improperly
Company: Affirm Holdings, Inc
State: OH

Complaint narrative:
b'AFFIRM INC\n XXXX XXXX XXXX XXXX XXXX\n XXXX XXXX, CA XXXX XXXX XXXX\n\n Re: Formal Dispute, Demand for Correction, and Notice of Intent to Litigate\n \nTo WhomIt May Concern,\n\n Please be advised that I, XXXX XXXX formally dispute the reporting of a\n written-off account attributed to\n Account name AFFIRM INC\n Account number XXXXn Account name AFFIRM INC\n Account number XXXX\n Account name AFFIRM INC\n Account number XXXX\n After review of my credit file, it is clear that this entry is materially inaccurate,\n misleading, and unlawful under federal statutes, and I hereby demand its immediate\n deletion.\n I. Lack of Legal Standing After Assignment of Debt\n It is my understanding that this account was sold, assigned, or otherwise transferred to\n a third-party debt purchaser. Once such a transfer occurs, the original creditor no longer\n maintains any legal, beneficial, or equitable interest in the account. As such, the\n continued reporting of a charge-off balance by your institution is false and constitutes\n a violation of the Fair Credit Reporting Act (15 U.S.C. 1681s-2(a)(1)(A)), which\n prohibits furnishing information that is known or should be known to be inaccurate.\nAt most, the tradeline should reflect sold/transferred, with a XXXX balance. Anything\n beyond that is deceptive and materially harmful to my creditworthiness.\n II. Improper Double Reporting and Consumer Harm\n If both your institution and a subsequent debt buyer are reporting the same obligation,\n this constitutes impermissible double reporting, which artificially inflates my debt load\n and damages my credit profile. This practice violates the FCRA and creates consumer\n harm actionable under 15 U.S.C. 1681n and 1681o.\n III. Demand for Documentation and Verification\n Pursuant to my rights under federal law, I demand that you provide:\n XXXX A complete chain of title/bill of sale evidencing lawful transfer or assignment of the\n account,\n XXXX. A full and complete accounting ledger from origination through the date of transfer,\n XXXX. Written evidence that your institution retained authority to continue furnishing\n derogatory information after the account was sold.\n If you cannot produce such documentation within XXXX days, you are legally obligated to\n delete this tradeline from all consumer reporting agencies.\n IV. IRS Reporting Obligations Form XXXXXXXX\n If your institution has charged off and written off this account for tax purposes,\n you are required by federal law to issue IRS Form XXXX (Cancellation of Debt). If\n such a filing has not been made, I demand immediate issuance. Failure to provide\n a XXXX while continuing to report this account as collectible will result in\n referral to the XXXX XXXX XXXX XXXX XXXX XXXXr for tax fraud\n review.\n V. Notice of Intent to Litigate\n This correspondence shall serve as my final opportunity to resolve this matter amicably.\n If you fail to comply with the demands herein within XXXX  XXXX calendar days of receipt\nof this notice, I will initiate litigation in a court of competent jurisdiction seeking the\n following remedies:\n Statutory damages pursuant to 15 U.S.C. 1681n,\n Actual damages for harm to my credit reputation and financial standing,\n Punitive damages for willful noncompliance,\n Attorneys fees and costs of litigation pursuant to 15 U.S.C. 1681n(3) and 1681o(2).\n Additionally, I will escalate by filing complaints with the Consumer Financial Protection\n Bureau (CFPB), the Federal Trade Commission (FTC), and the Office of the Attorney\n General of my state.\n VI. Demand for Immediate Corrective Action\n To avoid further liability, you must either:\n XXXX. Delete the charge-off tradeline from all consumer reporting agencies; or\n XXXX. Provide complete evidentiary documentation establishing the accuracy and\n lawfulness of the reporting; and\n XXXX. Issue a proper Form XXXX if the account has been charged off and forgiven.\n Failure to comply will leave me with no alternative but to pursue all available legal\n and regulatory remedies.\n Respectfully,\n XXXX XXXXn XXXX XXXX XXXX XXXX XXXX\n XXXX XXXX OHIO XXXX\n XXXX XXXX XXXX XXXX

Company response to consumer: Closed with explanation