Consumer complaint received 2024-11-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: Experian Information Solutions Inc.
State: VA

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Phone : ( XXXX ) XXXX Subject : Notice of Intent to Sue for Inaccurate Late Payment Reporting and {$1000.00} per Violation Due to FCRA, CFPB, IRS, and Metro 2 Compliance Violations To Whom It May Concern, This letter serves as formal notice of my intent to take legal action against XXXX XXXX for its failure to correct and remove inaccurate late payment information related to my XXXX XXXX account ( Account # : XXXX ). Despite prior dispute efforts, this account remains misreported on my credit report, which violates the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, and Metro 2 compliance standards. I am requesting the immediate correction and removal of these inaccuracies, as well as compensation of {$1000.00} per violation. 

Account Overview and Dispute Summary The disputed account, an installment auto loan with XXXX XXXX, was opened on XX/XX/XXXX and is listed as Closed/Paid with a zero balance. However, XXXX continues to report inaccurate late payment notations, as well as remarks such as Dispute resolved ; customer disagrees, which misrepresents the true status of the account and my payment history.

1. Violations of the Fair Credit Reporting Act ( FCRA ) Under FCRA, XXXX is required to report accurate information and address disputes thoroughly. TransUnions failure to correct the XXXX XXXX  account information constitutes a violation of : 15 U.S.C. 1681s-2 Requiring accuracy in reporting information to credit bureaus. The continued reporting of late payments and dispute remarks misrepresents the accounts true paid-off and closed status.

15 U.S.C. 1681i Mandates prompt correction or deletion of inaccurate or unverifiable information. XXXX failure to update these inaccuracies is non-compliant. 
As outlined in 15 U.S.C. 1681n and 1681o, XXXX may be liable for statutory damages of {$1000.00} per violation.

2. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations The CFPB mandates that credit reporting agencies adhere to fair and accurate reporting standards. TransUnions inaccurate and misleading reporting on my paid and closed account violates CFPB guidelines by damaging my creditworthiness through deceptive practices.

3. Violations of IRS Reporting Guidelines IRS guidelines require accuracy in reporting for all paid accounts to avoid potential tax implications. XXXX continued misreporting of late payments and unresolved dispute notations on this paid-off account creates a false impression of debt, contravening IRS standards for transparent financial reporting.

4. Violations of Metro 2 Compliance Standards Using Data Codes The reporting inaccuracies on the XXXX XXXX account fail to meet Metro 2 standards for accurate data transmission across key fields. Relevant fields include : Account Status Code ( Field 17A ) This account should be marked with an Account Status Code of 13 ( Paid or Closed ), aligning with its fully paid-off status. The conflicting late payment notations and dispute remarks violate Metro 2 requirements.

Compliance Condition Code ( Field 17B ) For an account no longer in dispute, the XXXX  ( Account information disputed by consumer ) code should be removed. The presence of this code is misleading and indicates a lack of proper status update.

Payment Rating Code ( Field 19 ) The continued 30-day late payment remark lacks verification. Field 19 should reflect a consistently " OK '' or " Current '' status in line with the accounts paid and closed condition. 
Remedy Sought To resolve this matter without litigation, I request that XXXX : Remove all inaccurate late payment notations and dispute comments from my credit report regarding the XXXX XXXX account. 
Issue written confirmation that these corrections are completed across all credit reporting agencies. 
Provide compensation of {$1000.00} per violation for each reporting inaccuracy, as specified under FCRA. 
Should these actions not be completed within 30 days of receipt of this letter, I am prepared to seek statutory, actual, and punitive damages through legal channels, as permitted by FCRA, CFPB regulations, IRS guidelines, and Metro 2 compliance standards. 

Conclusion This letter serves as XXXX final opportunity to rectify these reporting violations. Failure to act within the specified timeframe will result in legal action to seek full damages and corrective measures. 

Thank you for your immediate attention to this matter. 

Sincerely, 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 explanation