Consumer complaint received 2025-01-09 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: TRANSUNION INTERMEDIATE HOLDINGS, INC.
State: IL

Complaint narrative:
CFPB Complaint Submission ( XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX, and TransUnion ) Date : XX/XX/XXXX Complainant : XXXX XXXX XXXX Against : XXXX XXXX XXXX Bank, XXXX, TransUnion Complaint Description : I am submitting this complaint regarding the inaccurate reporting of a charged-off account by XXXX XXXX XXXX XXXX XXXX XXXXXXXX and TransUnion, which has caused significant harm to my credit profile and financial reputation. 

The account in question was charged off by XXXX XXXX XXXXXXXX XXXX in XX/XX/XXXX, yet it continues to be reported as charged off repeatedly for subsequent months and years, despite no payments or activity on the account. This ongoing reporting is inaccurate and misleading, and violates my rights under the Fair Credit Reporting Act ( FCRA ). 

Furthermore, XXXX XXXX XXXX XXXX  has failed to validate the debt despite my formal disputes with XXXX and TransUnion. Both credit bureaus verified the account without providing a method of verification, violating 15 U.S.C. 1681i ( a ) ( 7 ). 

Additionally, XXXX XXXX XXXX XXXX  has securitized their receivables as disclosed in their XXXX filing with the SEC. This suggests that XXXX XXXX XXXX no longer legally own the debt and lacks the authority to report it as a charge-off. If the debt was sold, it should not continue to be reported under their name. 

Specific Violations : XXXX. Failure to Verify Debt Ownership : XXXX XXXX XXXX XXXX  has not provided sufficient documentation to validate the charged-off debt. The credit bureaus have verified the account without proper verification, in violation of the FCRA. 
XXXX. Inaccurate and Inconsistent Reporting : The account shows inconsistent balances across XXXX and TransUnion. XXXX reports a balance of {$1300.00}, while TransUnion reports {$0.00}. This is further evidence of inaccurate and unverifiable information being reported. 
XXXX. Failure to Issue Form 1099-C : XXXX XXXX XXXX XXXX  charged off the account and likely took a tax deduction for the charged-off debt. However, I have not received a Form XXXX, which is required under IRS regulations for debts over {$600.00}. 
XXXX. XXXX XXXX XXXX Practices : The CFPB has recently sued XXXX for sham investigations into credit disputes. This case reflects the same behavior, where XXXX verified the account without proper investigation or validation. 

Evidence Provided : 1. Credit Reports from XXXX and TransUnion showing repeated charge-off reporting. 
XXXX. XXXX Filing by XXXX XXXX XXXXXXXX XXXX  XXXX proving securitization of receivables. 
XXXX. Debt Dispute Letters and Credit Bureau Responses, showing failure to provide proper verification. 
4. IRS Form 3949-A Submission to report potential tax violations by XXXX XXXX XXXX XXXX  XXXX

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 non-monetary relief