Consumer complaint received 2024-10-08 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: FL

Complaint narrative:
RE : Inaccurate Credit Reporting ( 15 USC 1681s2 ) Account Information : Creditor Name : BK OF AMER XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Owed : {$2000.00} To whom it may concern, I am writing this letter to inform you that I have notified the credit bureaus of misreporting by your company in accordance with the Fair Credit Reporting Act. According to which, as the furnisher of the information in question, you have a grave responsibility of maintaining the accuracy of that information. 

The following account BK OF AMER Account number XXXX and XXXX is reporting a balance of ( {$2000.00} and XXXXXXXX XXXX XXXX  when it is my understanding an reason to believe that because this debt was charged off by you that is was memorialized with a Form 1099C as proof or evidence thereof. And that because of that fact, this debt is cancelled and at least should not reflect the balance that is currently showing of : {$2000.00} and XXXX on my consumer file. 

This would indicate inaccurate reporting on your behalf and therefore is a violation of the FCRA by you the furnisher to continue to report this inaccurate information. Especially with the actual knowledge, notice and confirmation of the errors. 

Please provide me with the return of the time and form as prescribed by regulation or the Secretary of my name, my address, my TIN, the date, and amount of the discharged/charged off debt and any other information as prescribed by the Secretary. 

If not, then I would demand that the account be removed from my credit report completely to avoid any legal recourse or action on behalf of myself by retained counsel. 


Under the Fair Credit Reporting Act ( FCRA ), specifically 15 U.S.C. 1681s-2 ( b ), furnishers of information are required to promptly update or correct inaccurate information once notified by a consumer or a credit bureau XXXX Your continuous reporting of this account as a " charge-off '' month after month, despite the fact that the debt has been cancelled, violates this obligation. The FCRA mandates that information provided to the credit bureaus must be accurate, and your failure to correct this inaccurate reporting after notification is a violation of my rights under the law Additionally, I also emphasize that a charge-off account should not be updated month-to-month, as this practice violates the regulations set forth in the Fair Credit Reporting Act ( FCRA ) 15 USC 1681, which requires that the information reported be accurate and updated. In the case of XXXX XXXX XXXX XXXX XXXX XXXX XXXX, it was determined that a charge-off account should not be updated monthly, as doing so could lead to inaccurate and harmful information for the consumer, thereby violating their right to a fair and accurate credit report as mandated by law. 

Thank you for your time and consideration in this matter. I look forward to hearing a favorable reply. Please forward any correspondence or changes to my credit report to the address listed above.

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