Consumer complaint received 2025-01-08 00:00:00
Product: Debt collection — I do not know
Issue: Took or threatened to take negative or legal action — Threatened or suggested your credit would be damaged
Company: NAVY FEDERAL CREDIT UNION
State: CA

Complaint narrative:
This is a notice of dispute pursuant to the Fair Credit Reporting Act, section 623, subsection ( 8 ) ( D ). The specific information being disputed is the derogatory nature of the information you have furnished to the credit reporting agencies in connection with NAVY FCU Account number XXXX ********** Date Opened : XX/XX/2018 Balance Owed : {$5900.00} NAVY FCU Account number XXXX Date Opened : XX/XX/2018 Balance Owed : {$4000.00} In addition, I am also writing to request documentation related to charged-off account/s that I believe have been declared as losses or uncollectible debts by your institution. Specifically, I am seeking a copy of Form 1099-C, Cancellation of Debt, for the relevant account/s. 

I noticed that this account of NAVY FCU opened on XX/XX/2018. Account number - XXXX was charged off with a balance of {$5900.00}. 
I also noticed that this account of NAVY FCU opened on XX/XX/2018. Account number - XXXX was charged off with a balance of {$4000.00}. 

I am requesting that your company please forward me a copy of the 1099-C that was issued by your company when you charged this debt off with the IRS which is required by law for all debts over {$600.00}. I understand that when a creditor deems a debt uncollectible, it is required to file Form 1099-C with the Internal Revenue Service ( IRS ).

In accordance with the FTC guidelines, reporting charged-off accounts that have been declared as a loss or uncollectible debt is considered a form of collection. I am aware that when a creditor writes off a debt as uncollectible, it is required to file a Form 1099-C with the Internal Revenue Service ( IRS ). This form is important for tax purposes and provides transparency regarding the XXXX debt. 

This negative rating has caused me some serious financial distress and will continue to cause me financial and emotional distress until it is resolved. As indicated by Tax Publication XXXX it states anything more than {$600.00} should be given 1099c. I didn't get any 1099c. 

In conclusion, you have disregarded 15 USC1681s-2 which expresses the furnisher should ensure that they are announcing 100 % accuracy & precise information on my Consumer Report and you are not. 

I demand the deletion of this account from my consumer report or I will continue with a small claims action against your company, XXXX. XXXX XXXX XXXX civil liability XXXX. DEFAMATION OF CHARACTER XXXX. Violations under 15 USC 1681 a ( 4 ) right to privacy Please acknowledge receipt of this dispute and provide a written confirmation of your commitment to initiate the investigation immediately and the deletion of this account within fifteen ( XXXX ) days of the completion of your investigation. 

I appreciate your prompt attention to this matter. 

See attachments! 

XXXX XXXX Without Recourse UCC XXXX XXXX All Natural Inalienable Rights Reserved

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with non-monetary relief