Consumer complaint received 2025-04-29 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: Experian Information Solutions Inc.
State: FL

Complaint narrative:
Subject : Follow-Up Complaint Regarding XXXX XXXX Account Ending in XXXX CFPB Reference Number : XXXX Date of Initial Complaint : XX/XX/XXXXXXXX  Dear Consumer Financial Protection Bureau , I am writing to formally follow up on the original complaint I filed with the CFPB on XX/XX/XXXX, regarding XXXX XXXX and their refusal to issue a Form 1099-C and/or accurately report the status of my account ending in XXXX in compliance with the Fair Credit Reporting Act ( FCRA ) and IRS guidelines. 

On XX/XX/XXXX, XXXX XXXX responded to the complaint and acknowledged that : 1. The account in question was charged off on XX/XX/XXXX. 
2. The account was assigned to an outside collection agency. 
3. As of XX/XX/XXXX, the balance remains {$1100.00}. 
4. They stated the account is not eligible for a 1099-C, claiming it is not settled or discharged. 
5. They refused to make changes to consumer reporting, citing the requirement to report accurately under the FCRA. 

Violations and Concerns 1. Failure to Issue Form 1099-C - XXXX XXXX has stated that the account remains unpaid and is not settled. However, the account has been charged off for over 15 months, with no collection activity reported. 
- According to IRS regulations under 26 U.S. Code 6050P, a creditor is required to issue a 1099-C when there is a discharge of indebtedness or when they discontinue collection activity, including charge-offs where collection is not actively pursued. 

2. Inaccurate or Misleading Credit Reporting ( FCRA Violations )- I subsequently disputed this account with Experian, and their reinvestigation completed in XX/XX/XXXX resulted in no meaningful change. Experian continues to report : - Account charged off since XX/XX/XXXX. 
- A balance of {$1100.00} still outstanding as of XX/XX/XXXX. 
- Monthly payment history from XX/XX/XXXX to XX/XX/XXXX shows continuous charge-off status ( CO ) despite no resolution. 
- This results in a misleading and incomplete reporting, in violation of : - FCRA 1681s-2 ( b ) Furnishers must conduct a reasonable investigation and correct inaccurate information. 
- FCRA 607 ( b ) CRAs must follow procedures to assure maximum possible accuracy. 

3. Re-aging of the Debt - The report from Experian reflects updates and comments well beyond the charge-off date, potentially re-aging the debt, which could unlawfully extend its presence on my credit report.

4. Lack of Transparency in Dispute Results- The dispute comment merely states : Account information disputed by consumer ( Meets requirement of the Fair Credit Reporting Act ).

- It provides no detail of what was investigated, corrected, or verified, denying me the ability to validate the process or findings. 

Supplemental Statement Regarding Experian Credit Reporting As of Experians update dated XX/XX/XXXX, the XXXX XXXX account ending in XXXX continues to reflect a " charged off '' status each month from XX/XX/XXXX through XX/XX/XXXX, with a balance of {$1100.00} still listed as outstanding. This sustained monthly charge-off status, despite no payments or evidence of active collection, appears to constitute continued derogatory reporting without resolution. This pattern creates a misleading impression of ongoing delinquency, potentially amounting to unlawful re-aging or unfair credit damage. 

Requested Relief 1. Require XXXX XXXX to clarify whether the debt has been sold, settled, forgiven, or remains collectible. 
2. If the debt is no longer being actively pursued, require them to issue a Form 1099-C to me and to the IRS per federal tax regulations. 
XXXX. Require XXXX XXXX and Experian to either : - Update the account to reflect {$0.00} balance and closed status if the debt has been sold or discharged. 
- Or provide complete verification and documentation showing who currently owns the debt, and that collection efforts are ongoing. 
4. Require Experian to provide an itemized summary of their dispute reinvestigation, including what documents were reviewed, and why the item was verified despite serious reporting inconsistencies.

Supporting Documentation Available Upon Request : - Copy of XXXX response dated XX/XX/XXXX - Experian credit report showing account history and dispute results- Copy of the original CFPB complaint filed on XX/XX/XXXX I appreciate your time and attention to this matter and respectfully request a full investigation into the compliance of XXXX XXXX and Experian with federal reporting and consumer protection laws. I look forward to your assistance in ensuring that my rights are upheld under the FCRA and IRS codes.

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