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 status incorrect
Company: EQUIFAX, INC.
State: GA

Complaint narrative:
Equifax Report Confirmation XXXX. Dispute for Reinvestigation XXXX XXXX XXXX XXXX. 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 XXXX XXXX, originally opened on XX/XX/XXXX, and closed on XX/XX/XXXX. As of the most recent update reported on XX/XX/XXXX, this account is marked as a charge-off with a balance of {$6100.00}, exceeding the original credit limit of {$5000.00}. Although this account is listed as Closed, it continues to reflect an outstanding balance and has been updated post-closure. These facts are clearly documented in my federally issued Equifax Annual Credit Report, submitted here as new evidence. It must be emphasized that the creditor has repeatedly reworded the charge-off designation as a Profit and Loss entry. This is not only misleadingit is legally significant. Under IRS Code 26 U.S.C. 6050P, any creditor who records a debt as a Profit and Loss write-off is required by law to issue a Form 1099-C Cancellation of Debt to the IRS and the consumer if the amount is {$600.00} or more. No 1099-C has ever been issued for this account. This failure constitutes a serious IRS tax reporting violation, and I am submitting a formal complaint to the IRS XXXX XXXX XXXX for fraudulent tax conduct. From a credit reporting perspective, this account also violates the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681e ( b ), which requires that all information furnished to consumer reporting agencies be accurate and not misleading. Reporting a charge-offor relabeling it as Profit and Losswhile simultaneously showing an open balance is contradictory and deceptive. A charged-off or profit-and-loss-designated account should not reflect a remaining balance. The continued presence of a balance misrepresents the nature of the debt and causes undue harm to my credit profile. Moreover, the fact that the account was last updated on XX/XX/XXXXXXXX XXXX XXXXwell after the official closure date of XX/XX/XXXXXXXX XXXX XXXXdemonstrates ongoing post-closure manipulation and potentially unauthorized reinsertion of disputed data. I am providing new material evidence that triggers my right to reinvestigation under FCRA 1681i ( a ) ( 1 ) ( A ). Additionally, under FCRA 1681s-2 ( a ) ( 2 ), furnishers have a legal obligation to update or correct data that is inaccurate or incomplete. In the absence of any 1099-C documentation or legally justifiable balance, this account is clearly unverifiable and non-compliant with federal law. Pursuant to FCRA 1681i ( a ) ( 5 ) ( A ), any information found to be inaccurate or unverifiable must be permanently deleted, not simply modified. The combination of unlawful balance reporting, misleading charge-off labeling, the absence of mandatory IRS documentation XXXX and ongoing post-closure updates renders this account ineligible for continued reporting. Furthermore, I do not authorize the use or distribution of my private financial data by third-party data brokers such as XXXX, XXXX, XXXX, or XXXX. Their continued access constitutes a violation of FCRA 1681b ( a ) and the Gramm-Leach-Bliley Act ( 15 U.S.C. 68016809 ). These entities have no permissible purpose or consent to retain my data, and I demand immediate suppression of any files related to this account from their systems. In light of these multiple violations, I am requesting the immediate and permanent deletion of this account from my Equifax credit report. I request this reinvestigation be completed within 14 calendar days, as I have submitted both new evidence and official IRS documentation ( IRS Notice XXXX ) that further supports my position. A formal complaint is also being filed with the IRS XXXX XXXX XXXX due to the failure to issue a 1099-C for a reported profit-and-loss charge-off.

Company response to consumer: Closed with non-monetary relief