Consumer complaint received 2025-05-14 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: Asset Recovery Bureau LLC
State: MI

Complaint narrative:
I am filing a formal complaint against XXXX XXXX, XXXX, Asset Recovery Bureau LLC, and XXXXXXXX XXXX XXXX XXXX XXXX  for violating the Fair Credit Reporting Act ( FCRA ), the Fair Debt Collection Practices Act ( FDCPA ), XXXX XXXX XXXX reporting guidelines, and the Consumer Financial Protection Act ( UDAAP ). These violations stem from illegal credit reporting, debt collection attempts without proof of ownership, and failure to provide a legally sufficient chain of title. 



XXXX. Contradictory Ownership and Suspicious Timeline On XX/XX/year>, XXXX XXXX XXXXXXXX XXXX XXXX XXXX ) informed me in writing that my charged-off account would be sold. 
On XX/XX/year>XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  as the new owner. 
Yet, on XX/XX/year>, I received a collection notice from Asset Recovery Bureau LLC, claiming the account had been placed with them by XXXX XXXX, XXXX. 

This timeline creates serious legal and regulatory concerns. 

Based oXXXX XXXX XXXX XXXXXX/XX/XXXX confirmation that XXXX is now the owner, it appears that either : XXXX XXXX was never legally assigned this debt in the first place, or XXXX XXXX sold or transferred the debt to XXXX but failed to provide proper notice to me, the consumer. 

In either case, XXXX XXXX XXXX attempt to collect on behalf of XXXX XXXX is unlawful and misleading, as neither party has provided verified documentation proving legal ownership or authority to report or collect on the account. 



XXXX. No Legally Required Validation Provided Asset Recovery Bureaus XX/XX/year> demand letter only includes a balance due not validation. 

Under FDCPA 809 and relevant case law, a bill or balance statement is not sufficient validation. Legal validation must include : A copy of the original signed loan agreement Complete account and payment history A complete chain of title, showing : Original assignment from XXXXXXXX XXXX XXXX XXXX  Any intermediary transfers ( with dates and names ) Final assignment to XXXX XXXX, XXXX with XXXX data No party has provided this. Therefore, they have no legal standing to collect or report this debt. 



3. Unauthorized and Inaccurate Credit Reporting Per FCRA 623 ( a ) ( 1 ) ( A ) and XXXX XXXX reporting standards, a creditor or collector must not report a tradeline unless : They can verify ownership The information is accurate and complete XXXX charged off the account but continued reporting a balance even after claiming it was sold. Now, XXXX different entities XXXX and XXXX XXXX appear to be claiming ownership at the same time. This is not only misleading, but also a violation of both the FCRA and XXXX XXXX requirements. 

If they can not prove legal ownership with complete documentation, they must not report to any credit bureau. 



XXXX. Pattern of Abusive, Unfair, and XXXX Practices This is not an isolated case. I have previously filed complaints with the CFPB, FDIC, and XXXX XXXX XXXX XXXX XXXX showing a pattern of : Accounts being reported by XXXX as active or collectible long after charge-off Assignments being made without consumer notice or verification Re-aging of accounts to extend reporting Refusal to produce proper debt validation despite repeated disputes This pattern constitutes unfair and deceptive acts and practices ( UDAAP ) and should prompt broader investigation. 



XXXX. Harm and Demand for Relief Due to this misconduct : My credit report falsely reflects an active, collectible debt Ive suffered denials of credit, increased interest rates, and reputational harm Ive spent extensive time disputing false and conflicting data I am requesting the following : 1. Immediate cease and desist of all collection efforts until proper debt validation and ownership documentation is provided.

2. Deletion of all credit reporting related to this account from all credit bureaus unless lawful ownership is proven.

3. A full regulatory investigation into all involved parties for FCRA, FDCPA, and UDAAP violations.

4. Sanctions or penalties as appropriate for furnishing inaccurate and unverified data. 



Supporting Evidence Provided : XX/XX/year> email from XXXX stating the debt would be sold XX/XX/year> communication naming XXXX as the new owner XX/XX/year> Asset Recovery Bureau collection notice for XXXX XXXX Prior CFPB complaint records and credit report screenshots showing conflicting reporting This account remains in dispute and must not be collected or reported until a full chain of title and validation are provided. I request urgent investigation and enforcement.

Company response to consumer: Closed with explanation