Consumer complaint received 2024-02-27 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Aargon Agency, Inc.
State: NV

Complaint narrative:
Subject : Urgent : Request for Correction of Credit Report - Compliance with Federal Laws - Opportunity to Cure Dear Aargon Agency Inc, I am reaching out to address concerns regarding the accuracy of my credit report as it pertains to my investment with Aargon Agency Inc. As an investor, I have provided Aargon Agency Inc with an asset-backed security. Under 15 U.S. Code 1681s-2, it is mandated that Aargon Agency Inc , as a furnisher of information, must provide precise and truthful information to credit reporting agencies. Aargon Agency Inc is inaccurately reporting my account as charged off. If the account was charged off, I should have received a copy of the 1099c in accordance with 26 U.S. Code 6050P ( d ). 

In accordance with the Fair Credit Reporting Act ( FCRA ), Aargon Agency Inc has violated my federally protected consumer rights under the FCRA Section 602 - There is a need to ensure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and respect for the consumers right to privacy. This means that I have the right to privacy. My credit report is non-public personal information that should be protected to avoid situations like this one I am addressing today, pursuant to 15 USC 6801 ( b ) ( 3 ) - Protection of non-public personal information. 

Under the FCRA Section 604 Permissible purposes of consumer reports states : any consumer reporting agency may furnish a consumer report under the following- ( 2 ) In accordance with the written instructions of the consumer to whom it relates. This means a consumer reporting agency can not furnish an account without written instructions or authority of the consumer. The only way a company can obtain permissible purpose is by a court order or the consent of the consumer. Aargon Agency Inc states that it may report to the credit bureaus even though Aargon Agency Inc has asked nicely, I respectfully decline. XXXX XXXX XXXX never disclosed to me that I had the right to rescission. Now that I am aware of my rights, I can properly write an affidavit taking back the promise to pay and taking back my rights to 80 % of the security interest. 

Pursuant to 15 U.S. Code 1666b, a creditor may not treat a payment on a credit card account under an open-end consumer credit plan as late for any purposes. Under 15 U.S. Code 1666d, whenever a credit balance in excess of {$1.00} is created in connection with a consumer credit transaction through amounts otherwise owed to or held for the benefit of an obligor. The creditor shall refund any part of the amount of the remaining balance, upon request of the consumer and make a good faith effort to refund to the consumer by cash, check, or money order any part of the amount of the credit balance remaining in the account for more than six months, except that no further action is required in any case in which the consumers current location is not known by the creditor and can not be traced through the consumers last known address or telephone number. This is the precise reason why Aargon Agency Inc is required to send a billing statement. Aargon Agency Inc is demonstrating security fraud by masking my credit payment as something I am required to pay. I am also aware that my billing statements are not invoices but dividend checks made from the interest from my account. 

Pursuant to the FCRA, a consumer report does not include any report containing information solely about transactions or experiences between the consumer and the person making the report. Any reporting of late payments or derogatory statuses is a direct violation of 15 USC 1681a ( d ) ( 1 ) as that information pertains to experiences and transactions between myself and Aargon Agency Inc. 

Within this CFPB complaint, I have taken the necessary steps to inform Aargon Agency Inc about the unjust actions taken against me. Its important to note that any continuation of providing negative information, such as reporting late payments or charge-off status, would constitute a willful and knowing violation of the Fair Credit Reporting Act, specifically outlined in 15 U.S. Code 1611 ( 1 ) ( 3 ). This legislation mandates that creditors must accurately report consumer information and refrain from knowingly furnishing misleading or false data. Thus, any persistence in reporting derogatory information after being duly notified of its inaccuracy would be a clear violation of federal law. 

Additionally, I want to make it clear that any action taken by Aargon Agency Inc besides updating my account to paid as agreed, never late will be considered willful non-compliance. I am evoking my rights under 15 U.S. Code 1681b ( 2 ), and I am giving clear instructions to furnish my report and update my account status to paid as agreed never late. Failure to adhere to these instructions will result in further legal action.

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