Consumer complaint received 2025-07-06 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: EQUIFAX, INC.
State: IA

Complaint narrative:
To : Equifax Information Services LLC XXXX. XXXX XXXX XXXX, GA XXXX Subject : FINAL NOTICE Formal Demand for Permanent Deletion of Inaccurate Charged-Off Account ( Violation of FCRA, IRS Code , FDCPA , GLBA, and SEC Regulations ) To Whom It May Concern : This letter is a final formal dispute and legal notice regarding the continued reporting of an inaccurate and legally unenforceable charged-off account on my credit report. 

Creditor : XXXXXXXX XXXX XXXX XXXX XXXX XXXX  Account Number : XXXX Reported Status : Charged-Off Date Reported : XX/XX/year> Despite a prior complaint through the CFPB, this account was merely updated and not removed. Therefore, I now demand its permanent deletion based on the following grounds : 1. FCRA 1681i & 1681s-2 Inaccurate and Unverified Reporting You have failed to perform a reasonable reinvestigation as required under the Fair Credit Reporting Act. A mere update of account history or status without providing supporting documentation does not satisfy legal obligations.

I am demanding that you provide : All original signed contracts and instruments.

Verification of current legal ownership. 

Proof this debt is still collectible and enforceable. 

2. IRS Reporting 1099-C or 1099-A Cancellation If the original creditor issued an IRS Form 1099-C for cancellation of debt, the debt has been declared as forgiven income, making it no longer legally collectible or reportable.

Additionally, if a 1099-A was filed, it suggests the property was abandoned or repossessed, thus ending the creditors claim. 

You can not legally report a charged-off or delinquent account after claiming a financial loss to the IRS. This is double jeopardy, exposing me to both tax liability and credit damage for the same event. 

XXXX. Securitization Debt Ownership Relinquished It is widely known that creditors like XXXX XXXX  often securitize consumer debts, bundling and selling them into Asset-Backed Securities ( ABS ) governed by the Securities and Exchange Commission XXXX SEC ) XXXX 

Once securitized : The original lender no longer owns the debt. 

The debt becomes a security, no longer subject to personal finance law. 

Only the trustee of the trust or servicer has any standing and only with full chain of title documentation. 

If this debt has been sold to investors or transferred into a trust, you are reporting an inaccurate, misleading, and potentially fraudulent item under both FCRA and FDCPA. 

XXXX. FDCPA 1692e Misrepresentation of Legal Ownership If XXXXXXXX XXXX or any third-party is continuing to report or collect on a debt it no longer owns, this constitutes a false representation of legal status a violation of the FDCPA. 

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. GLBA Privacy Concerns Any post-cancellation sharing of private financial data related to this account may constitute a violation of the Gramm-Leach-Bliley Act ( GLBA ). If this debt has been sold or securitized, you must confirm whether nonpublic personal information has been shared or mishandled. 6. Automated ACDV Verification Inadequate Investigation If your reinvestigation was based solely on an ACDV ( Automated Consumer Dispute Verification ) system response from the furnisher, this is not a reasonable investigation under FCRA 1681i.

You must conduct a manual investigation with documented proof, not a computer-generated database response. 

DEMANDS FOR IMMEDIATE ACTION I hereby demand that you : Delete the account from my credit file permanently. 

Provide proof of 1099-C or 1099-A filing from the creditor, or confirm that none was issued. 

Produce chain of title if the debt was transferred or securitized. 

Disclose the identity of the current owner and data furnisher. 

Provide a written response within 15 business days, not the standard 30 days, due to repeated non-compliance.

Failure to comply with these demands will result in formal complaints being filed with : The Consumer Financial Protection Bureau ( CFPB ) The Federal Trade Commission ( FTC ) The Internal Revenue Service ( IRS Fraud Division ) The Securities and Exchange Commission ( SEC ) My State Attorney General And if necessary, civil legal action for willful noncompliance under FCRA 1681n, entitling me to statutory damages, punitive damages, and attorneys fees. 

I expect prompt resolution of this matter. I am keeping full records of all communications for future use in court or regulatory proceedings if needed.

Company response to consumer: Closed with non-monetary relief