Consumer complaint received 2025-07-19 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: Continental Finance Company, LLC
State: IA

Complaint narrative:
Product : Credit Reporting Company : XXXX  Issue : Continued inaccurate reporting of charged-off debt despite legal dispute and IRS implications Original Complaint ID : XXXX Subject : Supplemental Complaint Failure to Validate Debt and Remove Inaccurate Charged-Off Account Details : I am submitting this follow-up complaint regarding Equifaxs response to my original dispute under complaint ID # XXXX, submitted on XX/XX/year>. 

The dispute involved a charged-off account reported by XXXX XXXX XXXX XXXX XXXX XXXX I requested validation of the debt, confirmation of ownership, and proof that a Form 1099-C was not issued. I also cited violations of the Fair Credit Reporting Act ( FCRA ) and possible IRS code violations. 

Despite these serious legal concerns, XXXX  failed to provide any documentation validating the account. Instead, they issued a generic response stating the account was " updated, '' modifying fields such as the closed date and account history. No response was given regarding : Whether the account was sold, transferred, or securitized Whether a Form 1099-C or 1099-A was issued Any legally enforceable documentation showing the debt is still valid and collectible Any consideration of my claim that continued reporting may constitute double liability ( FCRA + IRS conflict ) Violations : FCRA 1681i Failure to conduct a reasonable reinvestigation after dispute.

FCRA 1681s-2 ( b ) Continued reporting of inaccurate or unverifiable information. 

IRS Code 6050P If a Form 1099-C was filed, the debt was canceled as income and can not remain reported as delinquent or collectible.

Potential Fraud If the debt has been sold, securitized, or forgiven, then continued reporting is misleading and unlawful.

Requested Action : Compel XXXXXXXX to provide full validation and documentation of this alleged debt, including proof that the debt has not been securitized, sold, or transferred. 

Confirm whether a 1099-C was filed by the creditor. If it was, the debt is canceled, and XXXX  must delete the tradeline in accordance with FCRA and IRS policy. 

If validation can not be provided, require full deletion of the account from my credit report. 

Investigate whether XXXX  is regularly failing to address disputes involving tax implications or securitized debt, as this may be a broader compliance issue. 

Attachments to Be Provided : Copy of XXXX response dated XX/XX/year> Original dispute letter Affidavit of Truth XXXX sent to XXXX  ) Second notice of non-response Conclusion : XXXX  vague updates and refusal to validate the account or acknowledge the legal concerns raised in my original dispute shows clear noncompliance with federal law. I am asking the CFPB to intervene and compel XXXX  to either validate this debt with proof of current ownership and tax status or delete the account entirely. 

Thank you. 

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