Consumer complaint received 2025-03-30 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: Experian Information Solutions Inc.
State: GA

Complaint narrative:
" XXXX XXXX is reporting account # XXXX as charged off on my credit report with a balance of {$1300.00}. This account was closed in XXXX 2025 and was allegedly sold to XXXX XXXX  without my knowledge or consent. 
I dispute the validity of this charge-off for the following reasons : XXXX  XXXX failed to issue me a 1099-C Cancellation of Debt form for this alleged charge-off, which is required by the IRS when a creditor discharges a debt of {$600.00} or more. This indicates the debt was either not actually charged off, or XXXX XXXX violated IRS regulations. 
Section 6050P of the Internal Revenue Code requires that financial institutions report discharged debts to both the debtor and the IRS. XXXX XXXX 's failure to provide this mandatory tax form demonstrates non-compliance with federal tax laws. 
XXXX XXXX has improperly sold or transferred this account to XXXX XXXX  without my permission, which violates the terms of the original cardholder agreement, the FCBA, and my rights under the FCRA. 
Under the Doctrine of Accord and Satisfaction, if XXXX XXXX has claimed a tax benefit by writing off this debt, they can not simultaneously sell the debt or damage my credit by reporting it negatively. 
The FCBA ( 15 U.S.C. 1666i ) provides certain protections regarding credit card disputes, and XXXX XXXX has failed to honor these requirements. 
The unauthorized sale of my account may also violate the Electronic Fund Transfer Act ( Regulation E ) as it relates to unauthorized transfers of financial obligations. 

I previously disputed this account on XX/XX/scrub> 2025, and XXXX XXXX failed to conduct a reasonable investigation as required by the FCRA. '' IRS Requirements and 1099-C : The IRS requires financial institutions to issue Form 1099-C when they discharge debts of {$600.00} or more. If they wrote off the debt for tax purposes but didn't issue you a 1099-C, they're violating tax regulations. 
Doctrine of Accord and Satisfaction : If a creditor has written off a debt and received a tax benefit, they can not then continue to pursue collection or damage your credit. This is a fundamental legal principle. 
Unauthorized Account Transfers : Under the FCBA and TILA, creditors must generally obtain consent before transferring accounts or provide specific notices. Failure to do so can invalidate their ability to report negatively. 
Regulation Z of TILA : For any accounts where they allowed charges over the credit limit and then charged off the account, this is a potential violation of Regulation Z as they extended credit beyond agreed terms. 
Double Reporting : When both the original creditor and a collection agency report the same debt, this creates a double penalty and violates the FCRA 's requirement for maximum possible accuracy.

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