Consumer complaint received 2025-01-02 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: CL Holdings LLC
State: WI

Complaint narrative:
I am writing to formally dispute inaccurate information being reported on my credit report regarding a charge-off. The account in question is listed as follows : Creditor Name : JEFFERSON CAPITAL SYSTEMS , LLC. First of all, the account has been reported as collection account, but at the same time it is showing the account has a balance of {$1200.00}, also the account is under collection, as well as under closed account status, so which one is it? The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a closed account can only be reported for seven years from the date of the first delinquency leading to the closed account. Repeated reporting of the closed account as a new event does not reset this statute of limitations and is improper. It has come to my attention that the collection is being reported month after month on my payment history, which is incorrect. XXXX IS REPORTING the payment history been reported as closed account every single month : Closed account as of but not limited to XX/XX/XXXX, XXXX XXXX, XXXX XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XXXX XXXX, XXXX XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX. This is Violations of the Fair Credit Reporting Act ( FCRA ) and the Wisconsin Consumer Act ( WCA ), Under the FCRA ( 15 U.S.C. 1681e ( b ) ), credit reporting agencies must ensure the accuracy of information they report. A closed account should be reported only once, corresponding to the date it was closed. Repeatedly reporting the closed account as a new event each month violates this requirement and has caused significant harm to my credit score., The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a collection can only be reported for seven years from the date of the first delinquency leading to the closed account. Repeated reporting of the closed account as a new event does not reset this statute of limitations and is improper. The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a closed account can only be reported for seven years from the date of the first delinquency leading to the closed account. Repeated reporting of the closed s as a new event does not reset this statute of limitations and is improper. According to the Fair Credit Reporting Act ( FCRA ), negative information such as a closed account to only be reported once, corresponding to the date it was closed. The FCRA requires that credit reporting agencies ensure the accuracy of the information they report ( 15 U.S.C. 1681e ( b ) ). Repeatedly reporting the closed account each month results in a misleading and inaccurate credit report, which has significantly harmed my credit score. Additionally, the statute of limitations for reporting a closed is seven years from the date of the first delinquency that led to the closed ( 15 U.S.C. 1681c ( a ) ( 4 ) ). Continuously reporting this closed account as a new event each month does not reset the statute of limitations and is improper. I request that you promptly investigate this account and correct the inaccurate information by removing the repeated entries of the charge-off from my payment history. Please update my credit report accordingly and provide me with a confirmation of these corrections. Thank you for your prompt attention to this matter

Company response to consumer: Closed with explanation