Consumer complaint received 2024-03-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Was not notified of investigation status or results
Company: Experian Information Solutions Inc.
State: GA

Complaint narrative:
I am writing to formal dispute to XXXX XXXX handling of my personal information and their non-compliance with federal laws, asserting my rights as a federally protected consumer under the Privacy Act of XXXX and the Fair Credit Reporting Act ( FCRA ). I request the account in question to be promptly updated to reflect a " Paid as Agreed '' status, with no late payments listed, nor charge off status. It is imperative to clarify that entities such as XXXX, XXXX, and Experian are non-affiliates of XXXX XXXX and do not qualify as recognized " bureaus '' under federal law. 

Exercising my privacy rights, I hereby revoke all authorizations, whether written, non-written, verbal, or nonverbal, in accordance with XXXX XXXX XXXX XXXX. This action asserts my control over the disclosure of personal information, encompassing authorizations granted through various means, such as written consent, verbal agreements, or non-written and nonverbal actions. In accordance with XXXX XXXX Code XXXX, I am opting out of all authorizations provided to XXXX XXXX 

o This includes ( XXXX ) the prohibition of sharing my creditworthiness information with XXXX XXXX affiliates for their everyday business purposes ( XXXX ), sharing my transactional experience with non-affiliates ( XXXX ), refraining from sharing my personal information with XXXX XXXX affiliates for marketing purposes and ( XXXX ), preventing the disclosure of my personal information to XXXX XXXX non-affiliates for marketing or everyday business purposes. This action is grounded in the FCRA, emphasizing my rights and protections as a consumer under federal law. 

It is crucial to emphasize that any opt-out clauses established by XXXX XXXX  do not supersede the provisions set forth by United States XXXX XXXX XXXX ) XXXX Code of Federal Regulations ( XXXX ). Regardless of XXXX XXXX  internal policies, the rights granted by federal laws take precedence. 

Pursuant to XXXX XXXX XXXX XXXX XXXXXXXX ( a ), XXXX XXXX  is mandated to provide a clear and conspicuous opt-out notice to consumers, explaining their right to opt out of the disclosure of non-public personal information to nonaffiliated third parties. This opt-out should explicitly encompass my transactions and experiences, refraining from reporting such details on my credit report. 

According to subsection ( XXXX ), it is mandated that the financial institution complies with a consumer 's opt-out direction as soon as reasonably practicable upon receipt. Furthermore, subsection ( f ) emphasizes that a consumer retains the right to exercise the opt-out at any time. 

Crucially, subsection ( g ) specifies the duration and revocability of a consumer 's opt-out direction. A consumers opt-out direction remains effective until the consumer revokes it in writing or, if agreed upon, electronically. 

Even after the termination of a customer relationship, as stated in subsection ( g ) ( XXXX ), the opt-out direction continues to apply to nonpublic personal information collected during or related to that specific relationship. 

I bring these provisions to your attention to ensure that our communication aligns with the regulatory framework outlined in XXXX XXXX XXXXXXXX. 

Moreover, under XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  is explicitly prohibited from providing inaccurate information about a consumer to any consumer reporting agency. This is particularly pertinent in light of the written dispute submitted on XX/XX/XXXX, contesting the accuracy of a charge-off account. The absence of a response validating the accuracy of the disputed items necessitates a prompt resolution from XXXX XXXX, including the removal of the charge-off status and an update of the account to " Paid as Agreed. '' Failure to adhere to these federal codes implies a disregard for legal obligations and raises concerns about compliance with established consumer protection laws. 

Furthermore, XXXX XXXX can not pursue collection on a XXXX debt, as it is now recognized as a certificate of indebtedness by the IRS, and income resulting from this can not be reported. According to the IRS, publication XXXX, a charge-off is considered gross or ordinary income, which, according to the IRS, XXXX not warrant reporting on the consumer report. This renders the reporting of this account inaccurate. 

According to the IRS definition, a canceled debt or charge-off is classified as income. The inaccurate reporting of this account as a debt is evident. Notably, I have not received a XXXX from XXXX XXXX for the canceled debt, which is required by the IRS for XXXX as ordinary income. The absence of this crucial documentation is unsatisfactory and raises concerns about compliance with IRS regulations regarding debts exceeding { {$600.00} }. 

It is imperative to highlight the responsibility outlined in XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Duty of Furnishers of Information to Provide Accurate Information. The provision states that a person shall not furnish information to any consumer reporting agency if ( i ) the consumer has notified the person, at the specified address for such notices, that specific information is inaccurate, and ( ii ) the information is, indeed, inaccurate. 

Sincerely and without XXXX will, vexation, or frivolity, XXXX XXXX XXXX XXXX XXXX RESERVED WITHOUT PREJUDICE, WITHOUT RECOURSE i.e. all Natural Inalienable Rights Reserved

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