Consumer complaint received 2024-11-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: Experian Information Solutions Inc.
State: VA

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX, VA XXXX XXXX XXXX XX/XX/year> Experian Information Solutions , Inc . 
XXXX XXXX XXXX XXXX, TX XXXX Phone : ( XXXX ) XXXX Subject : Notice of Intent to Sue for Removal of Account and {$1000.00} per Violation Due to FCRA, CFPB, IRS, and XXXX XXXX Compliance Violations To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against Experian for the continued reporting of inaccurate and misleading information regarding my account listed as XXXX XXXX, Account # : XXXX. The errors on this account are causing significant adverse impacts on my credit profile, despite previous efforts to resolve the dispute. Experians non-compliance constitutes violations of the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, and XXXX XXXX compliance standards, which collectively require accurate credit reporting. I am demanding immediate removal of this account and compensation of {$1000.00} per violation. 

Account Overview and Dispute Summary The disputed XXXX XXXX account is inaccurately listed as an Installment account with a balance of {$100.00} and a monthly payment of {$100.00}. Additionally, the account classification under Unknown - credit extension, review, or collection does not align with standard credit reporting definitions, leading to significant confusion and potential financial harm. 

XXXX. Violations of the Fair Credit Reporting Act ( FCRA ) Experians handling of this account violates several provisions of the FCRA, particularly regarding accuracy and timely resolution of disputes : 15 U.S.C. 1681s-2 Requires Experian to ensure accurate information in credit reporting. XXXX failure to clarify the account type, apply correct data fields, and fully investigate and update the account is non-compliant with FCRA. 
15 U.S.C. 1681i Requires the deletion or correction of disputed or unverifiable information. The absence of action on XXXX part to resolve this dispute makes it liable for the harm caused by these inaccuracies. 
As specified in 15 U.S.C. 1681n and 1681o, each instance of reporting inaccuracy may be subject to statutory damages of {$1000.00} per violation. 

XXXX. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations The CFPBs standards mandate that credit reporting agencies avoid deceptive or abusive practices that could harm consumers. XXXX reporting, which includes inconsistencies and lacks necessary updates, creates misleading information on my credit report, constituting a deceptive practice under CFPB guidelines. 

XXXX. Violations of IRS XXXX XXXX IRS guidelines require accurate reporting, especially when accounts have balances or installment agreements. By maintaining a misleading account status with an unclear classification, Experians reporting could lead to unintended tax implications if the account status were to be inaccurately interpreted by tax agencies. 

XXXX. Violations of XXXX XXXX Compliance Standards Using Data Codes Experians reporting of this account fails to adhere to XXXX XXXX compliance standards, which ensure data accuracy across key fields. Specific issues include : Account Type Code ( Field XXXX ) The designation Unknown - credit extension, review, or collection does not clearly define the account and fails to meet XXXX XXXX standards. For transparency, XXXX XXXX should accurately indicate XXXX or another relevant type. 
Credit Limit Code ( Field XXXX ) The {$0.00} credit limit on an installment account is misleading and should reflect the actual terms associated with the account. 
Compliance Condition Code ( Field XXXX ) Given the disputed status of this account, the XB code ( Account information disputed by consumer ) should be consistently applied across all bureaus to reflect accurate reporting. 
Remedy Sought To resolve this matter without legal action, I request that Experian : Immediately remove the XXXX XXXX  account from my credit profile. 
Issue written confirmation of the accounts removal to ensure it is deleted across all credit reporting agencies. 
Compensate me {$1000.00} per violation for each instance of reporting non-compliance, as allowed under the FCRA. 
Should Experian fail to complete these actions within XXXX  days of receipt of this letter, I will pursue statutory, actual, and punitive damages as permitted under FCRA, CFPB, IRS guidelines, and XXXX XXXX compliance standards. 

Conclusion This letter serves as XXXX final opportunity to rectify these violations. Failure to act within the specified timeframe will result in legal action where I will seek full damages and corrective measures. 

Thank you for your immediate attention to this matter. 

Sincerely, XXXX XXXX XXXX

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