Consumer complaint received 2025-01-24 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Unable to get your credit report or credit score — Other problem getting your report or credit score
Company: Thaxton Investment Corporation
State: GA

Complaint narrative:
I have the following account on my credit report that are documented as charged offs : XXXX. I have contacted XXXX directly on numerous occasions, dated back to XXXX with no resolution to date. The most recent contact was XX/XX/XXXX. Each year I have been trying to get a copy of my XXXX since all three companies have stated that each account has been charged off/written with refusal to send me the appropriate information. This information has impacted my credit report and has been misleading to lenders and creditors. Listed below is a generic letter letter that I have submitted to all XXXX creditors with no response : To Whom It May Concern, I am writing to formally dispute the current status of the above-referenced credit card account and to request the issuance of IRS Form 1099-C for the cancellation of debt associated with this account. This account was reported as charged off by XXXX XXXX XXXX XXXX, and I believe it qualifies for cancellation of debt reporting under the applicable Internal Revenue Code ( IRC ) and IRS regulations. Account Holder Name : XXXX XXXX XXXX Account Type : Individual Credit Card Date Opened : XXXX Charged-Off Amount : XXXX Credit Limit : XXX Balance as of XX/XX/XXXX : Past Due Amount : XXX Last Payment Date : XX/XX/XXXX Original Charge-Off Amount : XXXX High Balance : XXXX Creditor Contact : XXXX XXXX XXXX XXXX As stipulated in 26 U.S. Code 6050P, a creditor must file Form XXXX when a debt is canceled or forgiven in an amount greater than { {$600.00} }. The amount of the charge-off for this account exceeds { {$600.00} }, and it remains unpaid. Under these circumstances, I believe the cancellation of debt for this account should be reported to the IRS, and a XXXX should be issued. Additionally, 26 U.S. Code 6050P ( b ) ( 1 ) clearly mandates that any debt canceled in excess of { {$600.00} } must be reported by the creditor. The cancellation of this debt qualifies under the relevant provisions of the XXXX and XXXX guidelines. I request that the Form 1099-C be issued for the XXXX XXXX XXXX, and that it be sent to my address on record. I also reference XXXX XXXXXXXX XXXX, which addresses the requirements for reporting canceled debts, including credit card charge-offs. The XXXX  requires creditors to file Form 1099-C in cases where the debt is charged off and exceeds the { {$600.00} } threshold. If there are any exemptions or reasons why this account would not qualify for reporting under the XXXX, I request that you provide written documentation and supporting case law or XXXX guidelines. I expect this matter to be resolved within 30 days from the date of this letter, and I request that the completed 1099-C form be sent to my address no later than XX/XX/XXXX, in compliance with XXXX  filing deadlines. Thank you for your prompt attention to this matter. Please confirm the status of my request in writing. Sincerely, XXXX XXXX XXXX

Company response to consumer: Closed with explanation