Consumer complaint received 2024-11-27 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: EQUIFAX, INC.
State: GA

Complaint narrative:
-- - XXXX XXXX XXXX ] [ XXXX XXXX XXXX XXXX, Unit XXXX ] [ XXXX, Ga, XXXX ] [ XXXX ] [ XXXX ] [ XXXX ] Equifax Information Services LLC XXXX XXXX XXXX XXXX, GA XXXX Subject : Final Complaint for Violation of the Fair Credit Reporting Act ( FCRA ) and Demand for Compensation Dear Equifax Consumer Services, I am writing to formally lodge a final complaint against Equifax for repeated violations of the Fair Credit Reporting Act ( FCRA ) related to the inaccurate reporting of my credit accounts, specifically the tradelines associated with XXXX XXXX XXXX and XXXX XXXX. The mishandling of these accounts has caused significant damage to my credit profile and ongoing financial harm. 

# # # Background of the Complaint In the past three months, my good payment history percentage has plummeted from 100 % reflecting no late payments over the last five years to an alarming 50 %. This decline includes extreme reporting of 65 missed payments, with the lowest reported figure currently reflecting 25 missed payments. As well as the continuious mis reporting of open and closed of the account Such discrepancies are directly tied to failed attempts at investigation and dispute resolution regarding the XXXX XXXX tradeline, which is being incorrectly reported. 

XXXX XXXX XXXX is the parent company of XXXX XXXX XXXX, my original and only creditor. According to the FCRA, a parent company can not report a consumer 's loan or debt with its subsidiary as its own unless a legal exception applies. In this instance, no exceptions exist, and yet Equifax continues to report this inaccurately. 

Additionally, I have repeatedly requested not only verification of the XXXX XXXX tradeline but also the method of verification for the XXXX XXXX account. Despite providing documentation indicating a fraudulent address linked to the XXXX tradeline, Equifax has made changes and added statements to my credit file without honoring my requests for verification, nor seeking my express consent or providing prior notification. 

The recently added false statement of collections on the XXXX account is particularly troubling, as this account has always been reported as in collections. The additional and inaccurate reporting has caused a significant XXXX loss to my credit score. There has been no furnishment of contracts or any documentation to verify this tradeline. Yet again, negative statements were added mid-dispute, which appears to be malicious gross misconduct and a deviation from the established mandates and procedures designed to prevent inaccuracies and protect consumer rights. 

# # # Legal Basis for Complaint These events showcase serious violations under the FCRA, including : - **FCRA 609 ( a ) ** : " Without proper verification of the reporting entity, I dispute the legitimacy of the debt and demand recourse. '' Equifax has failed to provide adequate verification for both tradelines.

- **FCRA 611 ( a ) ** : " Failure to validate the debt removes any obligation on my part, allowing for a complete recoup of funds. '' Due to Equifax 's inability to validate these debts, I am under no obligation to accept them as accurate. 
- **Brady v. Credit Recover Co.** : In this case, the court indicated that inadequate verification of debts can negate obligations.

- **Floyd v. Kress** : " Without verified claims, the obligation is void, allowing me to recoup any financial losses incurred. '' - **Shepherd v. WKU** : " Due process violations by the creditor empower me to counterclaim for any harm suffered due to their actions. '' # # # Demand for Immediate Action As a result of these persistent inaccuracies and violations of my rights, I formally request the following corrective actions : 1. **Immediate Correction of Credit Report** : I demand that you promptly update my credit report to accurately reflect the status of the XXXX XXXX account as closed, indicating no missed payments. Additionally, rectify the XXXX XXXX tradeline to remove false statements, ensure accurate reporting of its status, and acknowledge that it has always been reported as in collections but not actively in collections without any misleading additions. 

2. **Compensation for Damages** : Given the adverse impact of these errors on my financial opportunities and creditworthiness, including the drastic drop in my good payment history percentage and the XXXX loss in my credit score, I am requesting compensation in the amount of [ XXXX ]. 

# # # Conclusion This letter serves as my final complaint regarding these issues. I expect your prompt attention and resolution within 30 days from the date of this letter. Should I not receive a satisfactory response, I will consider further actions, including filing a complaint with FTC, XXXX and seeking legal counsel to address these violations of my rights under the FCRA. 

Thank you for your immediate attention to this urgent matter. I look forward to your timely response. 

Sincerely, [ XXXX XXXX XXXX ] ---

Company response to consumer: Closed with explanation