Consumer complaint received 2026-02-19 00:00:00
Product: Debt collection — I do not know
Issue: Took or threatened to take negative or legal action — Threatened or suggested your credit would be damaged
Company: Scott Fetzer Financial Group Inc.
State: NC

Complaint narrative:
To Whom It May Concern, I am submitting this formal complaint against United Consumer Finance ( UNIT CON FIN ) for continuing to furnish an inaccurate and legally inconsistent charged-off tradeline while failing to issue the required IRS Form 1099-C after reporting the debt as a loss. This conduct violates 26 U.S.C. 6050P, Treasury Re gulation 1.6050P-1, and multiple provisions of the Fair Credit Reporting Act ( FCRA ). Account Information Creditor : United Consumer Finance Account XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX Account Type : Installment Sales Contract Date Opened : XX/XX/XXXX Closed Date : XX/XX/XXXX Reported Balance : {$360.00} Account Status : Collection / Charge-Off Bureaus Reporting : XXXX XXXX XXXX Admission of a Cancellation-of-Debt / Loss Event United Consumer Finance is reporting this account using explicit loss and charge-off language, including : Charged off as bad debt Unpaid balance reported as a loss by the credit grantor These statements constitute an identifiable cancellation-of-debt or abandonment event under : 26 U.S.C. 6050P ( a ) Treasury Regulation 1.6050P-1 ( b ) ( 2 ) Federal law requires a creditor to issue IRS Form 1099-C when a debt of {$600.00} or more is canceled or when the creditor takes identifiable actions demonstrating abandonment or loss treatment of the debt. Despite reporting this debt as a loss and closing the account : No IRS Form 1099-C has been issued or provided No documentation has been produced establishing that the debt remains legally enforceable A creditor can not treat a debt as a loss for accounting purposes while simultaneously reporting it as owed on a consumer credit report. Metro 2 & FCRA Violations By continuing to report this account as a collectible charge-off after declaring it a loss, United Consumer Finance is furnishing materially misleading information, in violation of : 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ) Prohibits furnishing information that is inaccurate or materially misleading. 15 U.S.C. 1681s-2 ( b ) Requires a reasonable investigation and verification of the legal status of the debt after dispute. 15 U.S.C. 1681e ( b ) Requires reasonable procedures to assure maximum possible accuracy. Under Metro 2 reporting standards, a furnisher may not continue to report a balance owed after classifying the account as charged off as bad debt or reported as a loss, absent proof the debt remains legally enforceable. Demand for Relief I hereby demand that United Consumer Finance : Provide a copy of the IRS Form 1099-C issued for this account ; Immediately delete this tradeline from all consumer reporting agencies, including XXXX XXXX XXXX XXXX Absent production of legally required documentation, continued reporting constitutes willful noncompliance with federal law. This complaint is being submitted to the Consumer Financial Protection Bureau ( CFPB ) for regulatory review and enforcement. Please provide a written response within the CFPB-mandated response timeframe. Sincerely,

Company response to consumer: Closed with explanation