Consumer complaint received 2024-12-12 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Old information reappears or never goes away
Company: Experian Information Solutions Inc.
State: NY

Complaint narrative:
Experian, I am writing to dispute the reporting of a charge-off account related to a car repossession listed under account number # XXXX with XXXX XXXX XXXX XXXX XXXX XXXX credit report. This account is being inaccurately reported, and my rights under federal consumer protection laws have been violated. Additionally, I have not received a Form 1099-C, which creditors are legally required to issue for canceled debt exceeding {$600.00}. 

Grounds for Dispute 1. Failure to Provide Form 1099-C : Under Internal Revenue Code 6050P, creditors are required to issue a Form 1099-C when {$600.00} or more in debt is canceled. The failure to provide this form raises questions about the accuracy of the charge-off status and indicates that the reporting may be incomplete or erroneous.

2. Violation of Consumer Rights Under the FCRA : Per 15 U.S. Code 1681i, I have the right to dispute any inaccurate, incomplete, or unverifiable information on my credit report. The lack of a Form 1099-C contradicts the reported charge-off, making the accuracy of this account questionable.

3. Responsibilities of Furnishers of Information : Creditors and data furnishers must ensure that all reported information is accurate and complete, as required by 15 U.S. Code 1681s-2. The failure to accurately document and verify this charge-off is a violation of this law.

4. Penalty for Reporting Inaccuracies : Under 15 U.S. Code 1681n, any willful noncompliance with the Fair Credit Reporting Act ( FCRA ) may result in penalties of up to {$1000.00} per violation. Each inaccuracy on my credit report is subject to this penalty if it can not be verified or corrected.

To assist with your investigation, I have enclosed : A copy of my credit report with the disputed account highlighted.

Any correspondence ( or lack thereof ) regarding this debt.

Legal Basis for My Request 15 U.S. Code 1681i : Requires credit reporting agencies to investigate disputes and remove unverifiable or inaccurate information.

15 U.S. Code 1681s-2 : Outlines the obligations of furnishers to report accurate and complete information.

Internal Revenue Code 6050P : Mandates the issuance of a Form 1099-C for canceled debt exceeding {$600.00}.

15 U.S. Code 1681n : Provides for penalties of up to {$1000.00} per violation for willful noncompliance with the FCRA.

Final Note Failure to resolve this matter or confirm the accuracy of the reported information could result in further legal action. I trust you will take this matter seriously and respond within the 30-day timeframe required under the FCRA.

Thank you for your attention, and I look forward to your confirmation that this account has been properly verified or removed from my credit report. 

XXXX 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