Consumer complaint received 2025-03-11 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: CL Holdings LLC
State: GA

Complaint narrative:
Dear Jefferson Capital Systems, This letter serves as a formal dispute and final demand regarding the XXXX XXXX XXXX account that you claim to own. This debt is being illegally reported and collected, violating multiple provisions of the Fair Credit Reporting Act ( FCRA ), Fair Debt Collection Practices Act ( FDCPA ), and Truth in Lending Act ( TILA ), as outlined by XXXX XXXX XXXX. 

Legal Violations Committed by Jefferson Capital 1. Failure to Conduct a Proper Reinvestigation FCRA 611 ( a ) ( 1 ) You are required to conduct a reasonable and independent reinvestigation before verifying a disputed account.

Did Jefferson Capital simply verify this debt by responding " Yes, this account is valid '' without actual documentation? 
Failure to provide evidence that this debt is legally yours is a violation of the Fair Credit Reporting Act ( FCRA ). 
2. Failure to Provide Debt Validation FDCPA 809 ( b ) ( 15 U.S. Code 1692g ) Under FDCPA, a consumer has the right to request validation of a debt. You are legally required to provide : The original signed contract proving my obligation to pay. 
A complete payment history from XXXX XXXX XXXX. 
A bill of sale or assignment agreement proving Jefferson Capitals legal right to collect this debt. 
If you can not provide these documents, you must cease collection efforts and delete this account from my credit report immediately. 
3. Failure to Accurately Report Information FCRA 623 ( a ) ( 1 ) ( 15 U.S. Code 1681s-2 ( a ) ) XXXX XXXX XXXX confirmed in writing that they no longer own this debt as of XX/XX/year>. 
If XXXX no longer owns the account, then how did Jefferson Capital verify and legally acquire it? 
Misrepresenting ownership and furnishing inaccurate data to XXXX, XXXX, and XXXX is a direct FCRA violation. 
4. Improper Reinvestigation and Failure to Correct Errors 15 U.S. Code 1666b ( TILA Violation ) Under the Truth in Lending Act ( TILA ) 1666b, a creditor must correct or remove inaccurate or unverified information within 30 days. 
Since Jefferson Capital has failed to validate this account, any continued reporting is a willful violation of federal law.

5. Failure to Provide a Valid Chain of Title FDCPA 1692g I demand proof of a valid legal transfer of ownership, including : The complete chain of title from XXXX XXXX XXXX to Jefferson Capital. 
All documentation proving your legal right to collect. 
Any agreements between XXXX and Jefferson Capital authorizing this collection. 
If no valid chain of title exists, Jefferson Capital must delete the account immediately.

6. Re-Aging of Debt FCRA 605 ( a ) ( 15 U.S. Code 1681c ) If Jefferson Capital has changed the Date of Last Activity ( DOLA ) or the reporting period, this constitutes illegal re-aging, a serious FCRA violation. 
I demand an immediate accounting of any changes made to this account. 
XXXX. Attempting to Collect a Potentially Cancelled Debt IRS Tax Code ( 26 U.S.C. 6050P ) If XXXX XXXX XXXX charged off this debt and issued a 1099-C, this means the debt was legally cancelled and can not be collected. 
Did XXXX issue a 1099-C for this account? If so, Jefferson Capital is illegally attempting to collect a cancelled debt. 
I demand written confirmation of whether a 1099-C was issued.

Company response to consumer: Closed with explanation