Consumer complaint received 2024-01-11 00:00:00
Product: Debt collection — I do not know
Issue: Threatened to contact someone or share information improperly — Contacted you after you asked them to stop
Company: Spring Oaks Capital, LLC
State: GA

Complaint narrative:
Attention : Registered Agent To : BUSINESS ENTITY THAT IS AUTHORIZED TO TRANSACT BUSINESS IN VIRGINIA Attn : XXXX XXXX, XXXX. 
Chief Compliance XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX  VA, XXXX - XXXX, XXXX XXXX From : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, GA XXXX Notice of Intent to FILE Lawsuit To Whom It May Concern This alleged account # XXXX is not my account and I will not pay this account. Also, Spring Oak Capital is not authorized to collect a debt in Georgia. 

Let this letter serve as a formal notice of my Intent to file a Lawsuit against your Company Spring Oak Capital ) due to your blatant disregard and violation of the FCRA laws. The reporting of such inaccurate information has caused severe damage to my character, my reputation, my general mode of living, and my ability to obtain personal credit for household purposes. 

Please Note : [ pursuant to 1681i ( a ) ], a credit bureau must bear some responsibility for evaluating the accuracy of information obtained from subscribers. Id. ( citing Swoager v. Credit Bureau of Greater St. Petersburg, 608 F.Supp. 972, 976 ( M.D.Fla.1985 ) ). I have experienced emotional, character, and economic loss due to Spring Oak Capital, and I will be seeking punitive and monetary restitution which will include any Applicable Attorney Fees as such. 
Violations of my Rights to Privacy : 15 U.S.C. 1681 - U.S. Code - Unannotated Title 15. Commerce and Trade 1681. ( 1 ) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine public confidence which is essential to the continued functioning of the banking system. I have a right to privacy. I never granted Spring Oak Capital permission to report my information to any credit bureau. 

Violations of my Rights to have credit report free of any errors or ommissions : 15 U.S. Code 1681- Congressional findings and statement of purpose which states : The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine public confidence which is essential to the continued functioning of the banking system. Accurate and correct in all details, exactly free from error especially as the result of care Spring Oak Capital has violated the law and repeatedly reported inaccurate and incomplete information on my account for months. 

Violations of 15 U.S. Code 1681a - ( 2 ) Exclusions.Except as provided in paragraph ( 3 ), the term consumer report does not include ( A ) subject to section 1681s3 of this title, any ( i ) report containing information solely as to transactions or experiences between the consumer and the person making the report. Spring Oak Capital has repeated this account as late ; I never had a payment schedule with this company and it is a collection from a charged-off debt and with a charged-off account there is no expected date of payment. Why? Because it is a charged-off account. However, Spring Oak Capital has been deceptively and maliciously reporting this account late on my credit report because it dinging my account and is like a late payment hitting my account each month. This is hurting my credit score and making it almost impossible for my credit score to improve. Spring Oak Capital is practicing Debt Parking purposely on my credit report. 

3 ). Spring Oak Capital has repeatedly reported this account XXXX late every month. This is a charge-off account that can not be reported as late because IT IS A CHARGED-OFF ACCOUNT. It is a Charge off account and a Charged off account can not be reported as late. ; however, Spring Oak Capital repeatedly reports this account as late on my credit report every month. Spring Oak Capital has been repeatedly dinging and reporting this account XXXX every month to further malign and damage my credit account. These are malicious and fraudulent acts that are being committed against me and my character. 
( A ) Reporting information with actual knowledge of errors if a violation of FCRA. 
I demand this account be removed immediately from my credit report and submit a remittance in the amount of XXXX per violation of my FCRA rights.

Company response to consumer: Closed with non-monetary relief