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 — Information is missing that should be on the report
Company: Experian Information Solutions Inc.
State: VA

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX, VA XXXX XXXX XXXX XX/XX/XXXX XXXX XXXX, Experian Information Solutions , Inc., and XXXX XXXX XXXX XXXX Subject : Notice of Intent to Sue for Removal of Account and {$1000.00} per Violation Due to FCRA, CFPB, IRS, XXXX XXXX, U.S. Congressional Compliance Violations, and Recent Case Law To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against XXXX, Experian, and XXXX for ongoing inaccurate and damaging reporting of my XXXXXXXX XXXX account ( Account # : XXXX ). Despite prior disputes, this account is still misreported across your bureaus, in violation of the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, XXXX XXXX standards, and U.S. Congressional laws governing accurate credit reporting. I am seeking immediate correction of these inaccuracies and {$1000.00} per violation in compensation. 

Account Overview and Dispute Summary The XXXX XXXX  account, a revolving credit card opened on XX/XX/XXXX, is inaccurately reported with a balance of {$15000.00}, a past due amount of {$15000.00}, and derogatory remarks such as Charged off as bad debt, Canceled by credit grantor, and Unpaid balance reported as a loss. Additionally, conflicting information regarding charge-offs, the date last active, and last payment date are inconsistently reported across the bureaus, creating significant inaccuracies in my credit profile. 

XXXX. Violations of the Fair Credit Reporting Act ( FCRA ) Under the FCRA, credit reporting agencies are required to report accurate information and correct or remove any disputed information that can not be verified. The continued inaccuracies in the XXXX XXXX  account reporting constitute violations of : 15 U.S.C. 1681s-2 Requiring data furnishers and credit bureaus to report information accurately. XXXX, Experian, and XXXX failure to correct derogatory remarks, charge-offs, and inaccurate dates of last payment and activity is in direct violation of this statute.

15 U.S.C. 1681i Mandates that credit reporting agencies correct or delete any information disputed by the consumer if the information can not be verified as accurate. 
The Supreme Courts decision in TransUnion LLC v. Ramirez, XXXX XXXX XXXX XXXX ( XXXX ) establishes that credit reporting agencies can be held liable for inaccurate data that causes harm to consumers. This ruling underscores the agencies ' obligation to ensure the accuracy of their reports and highlights their liability for errors that damage consumer credit profiles. 

In Dalton v. Capital Associated Industries XXXX XXXX, XXXX XXXX XXXX ( XXXX XXXX. XXXX ), the court held that a failure to conduct a reasonable investigation into disputed information can lead to liability under the FCRA. Given that I have disputed these inaccuracies multiple times, XXXX, Experian, and XXXX continued failure to investigate and correct the information shows negligence in handling my credit data. 

XXXX. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations The CFPB requires that credit reporting agencies avoid unfair or deceptive practices that harm consumers. By continuing to report inaccurate derogatory remarks, charge-off statuses, and past-due amounts, XXXX, Experian, and XXXX are engaging in deceptive practices that violate CFPB standards and harm my financial reputation.

3. Violations of IRS Reporting Guidelines IRS guidelines mandate accuracy in reporting for all canceled or charged-off accounts to prevent unnecessary tax consequences. The misreported charge-off and incorrect past-due balances create potential tax implications, misrepresenting my financial obligations. This reporting failure conflicts with IRS standards for precise and accurate debt reporting. 

XXXX. Violations of XXXX XXXX Compliance Standards Using Data Codes The inaccurate reporting of the XXXXXXXX XXXX account does not comply with XXXX XXXX standards, which outline requirements for consistent and accurate reporting across credit bureaus. Key data fields reported inaccurately include : Account Status Code ( XXXX  XXXX ) This account should consistently reflect an Account Status Code of XXXX ( Charge-off ) if accurate, rather than varying derogatory and charge-off statuses. Misreporting these statuses across bureaus violates XXXX XXXX standards for consistent reporting. 
Compliance Condition Code ( XXXX  XXXX ) Given the ongoing dispute and unresolved status, the XB ( Account information disputed by consumer ) should be uniformly applied across all bureaus, reflecting that this account is under dispute. 
Payment Rating Code ( XXXX XXXX ) Conflicting delinquency remarks ( 30, 60, 90+ days past due ) are inconsistently reported. XXXX  XXXX should consistently reflect a single verified status, and any unverifiable late payment remarks should be removed. 
XXXX. Violations of U.S. Congressional Credit Reporting Laws Congress enacted laws such as the Dodd-Frank Act and the Fair Credit Reporting Act to protect consumers from inaccurate reporting. XXXX, Experian, and XXXX failure to meet these standards violates both FCRA and Dodd-Frank provisions, which were specifically designed to ensure data integrity, prevent unfair practices, and shield consumers from the adverse effects of erroneous reporting. 

Remedy Sought To resolve these violations without litigation, I request that XXXX, Experian, and XXXX : Remove all inaccurate and conflicting derogatory remarks, charge-offs, and past-due notations related to the XXXX XXXX  account. 
Provide written confirmation of the corrections to ensure that my credit report accurately reflects the true status of the account across all three major credit bureaus. 
Compensate me {$1000.00} per violation for each instance of inaccurate or unverified reporting, as provided under FCRA and U.S. federal law.

Should these actions not be completed within 30 days of receipt of this letter, I am prepared to pursue legal remedies, including claims for statutory, actual, and punitive damages, under the FCRA, CFPB regulations, IRS guidelines, XXXX XXXX compliance standards, and U.S. Congressional laws. 

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

Thank you for your prompt 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