Consumer complaint received 2024-09-10 00:00:00
Product: Debt collection — Telecommunications debt
Issue: Took or threatened to take negative or legal action — Collected or attempted to collect exempt funds
Company: Experian Information Solutions Inc.
State: NY

Complaint narrative:
XXXX XXXX reporting a canceled debt as a collection and a voilation of the law XXXX XXXX IS IN VIOLATION OF THE FEDERAL CREDIT REPORTING ACT AND THE IRS CODE OF FEDERAL REGULATIONS FOR AND CONTINUING TO REPORT A CANCELED DEBT WITH A BALANCE PAST DUE AND CHARGED OFF XXXX XXXX is reporting a debt that has been canceled under IRS 26 CFR 1.6050P-1 ( 4 ) ( 2 ) ( G ) ( iii ) violating the Code of Federal Regulations and the FCRA by reporting and updating inaccurate information on my consumer reports by reporting a canceled debt with a balance past due in collections and charged off after a number of disputes i have found that they have kept updating with inaccurate information from closed to charged off reporting a canceled debt as a collection is inaccurate they sent a 1099C box 6 mark with G proves they agree to stop the collections when they issued me a 1099C which also violates 1.6050P-1 Information reporting for discharges of indebtedness by certain entities. Of the Code of Federal Regulations 26 CFR 1.6050P-1 ( 4 ) ( 2 ) ( G ) ( iii ) and the FCRA Under the Internal Revenue Code, financial entities that discharge indebtedness of {$600.00} or more must file a Form 1099C, a type of information return which identifies the amount of the debt and the person whose debt has been discharged. A debtor who receives a discharge must report the amount as income. Thus, a Form 1099C allows the IRS to compare the amount of discharged debt claimed by a lending institution with the amount of income reported by the person whose debt was discharged. Which I have done and this cancels the debt under case law IN RE : ) XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  The Court concludes that the debt was canceled and that it would be inequitable to find otherwise. In re XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  t would be inequitable... to require that [ the debtor-defendant ] report the discharge of debt as income on his federal tax return or face the potential tax consequences and hold that the plaintiff may continue to hold him liable on the debt. ( internal quotation marks omitted ) ). XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. 

Here, the XXXX has determined that the underlying debt was canceled Many case law states by me reporting the income and paying the tax makes the debt canceled There is no more debt to be reporting in collections charge off with a balance. Do you need more proof from me that the debt has been canceled or send you more case law on this. The rest of the violations committed by XXXX fall under the FCRA they violated the following of the FCRA 623. Responsibilities of furnishers of information to consumer reporting agencies [ 15 U.S.C. 1681s-2 ] ( a ) Duty of Furnishers of Information to Provide Accurate Information ( 1 ) Prohibition ( A ) Reporting information with actual knowledge of errors. A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. ( B ) Reporting information after notice and confirmation of errors. 

A person shall not furnish information relating to a consumer to any consumer reporting agency if ( ii ) the information is, in fact, inaccurate.

( 2 ) Duty to correct and update information. A person who the agency complete and accurate, and shall not thereafter furnish to the agency any of the information that remains not complete or accurate. 

Precedent

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