Consumer complaint received 2025-04-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: EQUIFAX, INC.
State: FL

Complaint narrative:
I previously submitted a complaint ( XXXX ) which was closed out. 

Dear CFPB Representative, I am submitting this follow-up complaint regarding multiple inaccurate accounts listed on my credit report from Equifax. These accounts are being reported as charge-offs without the corresponding issuance of IRS Form 1099-C, which raises serious legal and accuracy concerns under both federal tax law and the Fair Credit Reporting Act ( FCRA ).

1. Charge-Offs with No 1099-C Issued Potential Tax Law Violation Under 26 U.S. Code 6050P, any applicable financial entity ( including banks and credit card companies ) that discharges {$600.00} or more in indebtedness must file IRS Form 1099-C and furnish the same to the debtor. The presence of a charge-off on my credit report indicates the creditor considered the debt uncollectible, which would typically trigger a taxable cancellation of debt.

However, when I contacted XXXX XXXX XXXX and other furnishers of the charge-off accounts, they confirmed that no 1099-C was issued because the debts were allegedly not canceled. This means : Either the debt was canceled, and a 1099-C was illegally withheld in violation of IRS requirements , or The debt was not canceled, and the charge-off reporting is inaccurate and misleading under the FCRA, 15 U.S.C . 1681e ( b ), which requires maximum possible accuracy.

2. Inaccurate and Potentially Re-Aged Accounts I also dispute the reporting of a XXXX XXXX account that appears to have been updated on my XXXX report to reflect a paid and closed status as of XXXX even though it was not paid or settled and the last activity occurred in XXXX. This appears to be a blatant attempt to re-age the debt in violation of the FCRA and FDCPA, which prohibit re-aging to extend reporting timelines ( 15 U.S.C. 1681c ).

3. Accounts Being Disputed ( Still Reporting ) Below is a list of the remaining accounts that continue to report charge-off or paid/closed status without valid 1099-C documentation, and which I formally dispute again : Equifax : XXXX XXXX  Account ending in XXXX {$790.00} XXXX XXXX Account ending in XXXX {$920.00} XXXX XXXX Account ending in XXXX {$110.00} 4. Requested Relief I respectfully demand the following : 1. Deletion of any charge-off accounts where the creditor has not issued a 1099-C and has confirmed the debt remains outstanding, as this is inherently inaccurate and misleading credit reporting.

2. A formal investigation into all listed accounts for failure to comply with : 26 U.S.C. 6050P ( 1099-C requirements ) 15 U.S.C. 1681e ( b ) and 1681i ( FCRA accurate and complete reporting ) 15 U.S.C. 1681c ( a ) ( 4 ) ( Re-aging prohibition reporting period starts from date of first delinquency ) 3. Documentation from the furnishers showing : Whether a 1099-C was issued, and Whether the account was legally forgiven, settled, sold, or remains collectible.

If the creditors can not provide documentation of debt forgiveness or a valid legal basis for the charge-off label, I demand these items be deleted from my credit report under the FCRA.

Please find attached screenshots of my credit report entries and documentation of prior communications.

Thank you for your attention to this matter. I look forward to your prompt response and resolution.

Company response to consumer: Closed with non-monetary relief