Consumer complaint received 2025-04-20 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: Experian Information Solutions Inc.
State: GA

Complaint narrative:
Experian Date Generated XXXX XXXX, XXXX, Report Number XXXX. Dispute for Reinvestigation XXXX  XXXX ( Experian Report ). Subject : FCRA and IRS Violations Request for Immediate Deletion Due to Inaccurate, Misleading, and Unverifiable Reporting. This is a formal second request for reinvestigation concerning the account listed as XXXX  XXXX, originally opened on XX/XX/XXXX, and closed at the credit grantors request. As of the latest update dated XX/XX/XXXX, the account is marked as a charge-off with a balance of $ XXXX the original credit limit of $ XXXX is being reported as past due for the same amount. This contradictory and misleading information is documented in my official Experian Annual Credit Report dated XX/XX/XXXX. This account continues to be updated despite being charged off and closed, reflecting a high balance and a delinquency amount that matches the written-off total. Additionally, the creditor has relabeled this charge-off as a Profit and Loss entry. Under IRS Code 26 U.S.C. 6050P, when a creditor charges off or writes off more than {$600.00} as a loss for tax purposes, they are legally required to issue a Form 1099-C Cancellation of Debt to both the IRS and the consumer. I have never received a 1099-C, which is a violation of this IRS requirement . I am submitting a formal complaint to the IRS Criminal Investigation Division for non-compliance and potential fraudulent tax reporting. Under the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681e ( b ), consumer reporting agencies must ensure maximum possible accuracy. Reporting a charge-off with an outstanding balanceand continued updates after the account is closedviolates this standard and misrepresents the status of the debt. The continued use of misleading terminology like Profit and Loss while listing the account as actively past due with no payment activity is deceptive and results in unlawful credit suppression. Additionally, this is a second dispute request with new evidence provided, including updated credit reporting from Experian. Under FCRA 1681i ( a ) ( 1 ) ( A ), I have the right to request reinvestigation based on new documentation. Under FCRA 1681s-2 ( a ) ( 2 ), furnishers of information are also required to correct or update any data that becomes inaccurate or incomplete. Without a legally required 1099-C and with the balance contradicting the charge-off classification, this entry is unverifiable and must be deleted. According to FCRA 1681i ( a ) ( 5 ) ( A ), information found to be inaccurate, incomplete, or unverifiable must be deletednot updated or modified. Based on multiple compliance failures, tax violations, and the absence of supporting documentation, this account is not eligible for continued reporting. I further object to any unauthorized sharing of this accounts data with third-party consumer data brokers such as XXXX, XXXX, XXXX, and XXXX. Doing so without my consent violates FCRA 1681b ( a ) and the Gramm-Leach-Bliley Act ( 15 U.S.C. 68016809 ). I demand the suppression of this account data from such sources immediately. I respectfully demand the immediate and permanent deletion of this XXXX XXXX account from my Experian credit report. I am submitting this dispute with attached evidence including the Experian report dated XX/XX/XXXX, and IRS Notice 2012-65 regarding charge-off reporting. Please complete the reinvestigation within 14 calendar days as permitted under FCRA. A separate formal complaint is being filed with the IRS Criminal Investigation Division due to XXXX XXXX failure to issue a 1099-C for this charged-off and misleadingly labeled account.

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