Consumer complaint received 2024-09-24 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: BARCLAYS BANK DELAWARE
State: NJ

Complaint narrative:
Re : Formal Dispute of Inaccurate Reporting and Unlawful Collection on Charged-Off Account Demand for Immediate Correction and Full Disclosure of Records To Whom It May Concern : This correspondence is to formally notify Barclays Bank Delaware that its ongoing reporting of a charged-off account, along with its continued unlawful collection of interest, is both factually inaccurate and legally untenable. This notice serves as an official dispute under the Fair Credit Reporting Act ( FCRA ) and related federal laws. The accuracy and completeness of this account are hereby disputed, and I demand that Barclays Bank Delaware immediately rectify all inaccuracies and cease all unlawful practices regarding this account.

It has come to my attention that despite the account being charged off, Barclays Bank Delaware is continuing to accrue interest, a practice which is strictly impermissible under governing laws. Barclays Bank Delaware reporting is inaccurate, incomplete, and constitutes an ongoing violation of the Fair Credit Reporting Act, specifically 15 U.S.C. 1681n, 1681o, and 1681s-2 ( b ). Barclays Bank Delaware 's failure to maintain accurate credit reporting subjects Barclays Bank Delaware to civil liability, including a {$1000.00} penalty per violation, in addition to actual and punitive damages.

In accordance with the U.C.C. 9-210, I hereby demand the full and complete bookkeeping records of this account, including, but not limited to : All credit and debit entries, All records of accounts payable and accounts receivable, All double-entry bookkeeping records in compliance with Generally Accepted Accounting Principles ( GAAP ), The CUSIP number ( s ) for any asset-backed securities associated with this account.

Barclays Bank Delaware is further required to produce these records, along with any other supporting documents, within the timeframe prescribed by law, thirty ( 30 ) days. Failure to do so will be considered an intentional violation of Barclays Bank Delaware 's duties under both the FCRA and the Uniform Commercial Code. 

As a reminder, case law such as XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX clearly affirms the strict requirements placed on furnishers of credit information to ensure its accuracy and completeness. Barclays Bank Delaware 's failure to comply with these obligations is not only a breach of these standards but also exposes Barclays Bank Delaware to significant financial and legal repercussions. 

Legal Consequences of Non-Compliance : Should Barclays Bank Delaware fail to make the necessary corrections to this account and produce the required records within the lawful timeframe, swift legal action will be initiated. Be advised that litigation on this matter will undoubtedly cost Barclays Bank Delaware substantially more than the resolution of this issue. A preliminary breakdown of Barclays Bank Delaware 's costs could include, but is not limited to : Attorneys fees exceeding {$25000.00}, Court costs and other litigation expenses, Potential damages, including compensatory and punitive damages exceeding {$100000.00}, Fines and civil penalties under 15 U.S.C. 1681n,1681o and 1681s-2 ( b ).

Additionally, I will not hesitate to initiate an IRS audit of the account, further exposing Barclays Bank Delaware to financial and regulatory penalties should any fraudulent or improper activity be uncovered in the handling of this account.

It is clearly in Barclays Bank Delaware 's best interest to rectify this matter swiftly and without delay. Continued failure to act will only compound your liability and result in legal and regulatory actions that will be costly and time-consuming for your organization.

Barclays Bank Delaware has fifteen ( 15 ) days from the date of this notice to respond in writing and provide the demanded documentation. Failure to respond appropriately will result in immediate legal action. 

Govern yourself accordingly.

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