Consumer complaint received 2025-11-02 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: CREDIT ACCEPTANCE CORPORATION
State: IN

Complaint narrative:
CFPB BILL IN EQUITY Complaint Notice SUIT IN CHANCERY/ FIDUCIARY CLAIM To : XXXX  XXXX XXXX XXXX Via : CFPB Complaint Portal & Certified Mail From : XXXXXXXX XXXX Irrevocable Living Trust Trustee / Fiduciary : XXXX XXXX Subject : Enforcement of Bill in Equity Demand for Corrective Action, Account Record Update, and Performance I. JURISDICTION & STANDING XXXX. The XXXX XXXX  Irrevocable Living Trust ( Trust ) is a perfected trust entity, holding fiduciary authority over assets, liens, and instruments, including those related to Credit Acceptance Corporation ( CAC ). 
XXXX. XXXX XXXX, as Trustee, has standing to enforce rights in equity, under UCC, UCCC, CFR, FCRA, and established equitable maxims. 
XXXX. XXXX, by maintaining a credit reporting file and handling consumer accounts, is acting in a fiduciary capacity and is bound under trust, equitable, and statutory principles, including compliance with SEC filings and fiduciary obligations.

II. FACTUAL BASIS 1. The CAC account in question has been fully discharged as evidenced by : XXXX Report ( certified, recorded with County Recorder ) UCC Financing Statement establishing fiduciary lien rights and custodial control Bill in Equity previously tendered, demanding recognition of the Trust as holder in equity XXXX. XXXX  has previously received two prior notices of enforcement in equity, making this the third knock. Equity regards as done that which ought to have been done. 
XXXX. This account was previously removed, contrary to equitable and statutory obligations. The account must be reinstated with : {$0.00} balance All payments reported as made and paid as agreed Accurate account history reflecting full settlement XXXX. XXXX SEC filings, credit reporting operations, and data handling demonstrate that they hold this account in trust capacity and maintain both a credit report and credit file over which they owe fiduciary duties. 



III. LEGAL AUTHORITY XXXX  is hereby reminded of its obligations under : Uniform Commercial Code ( UCC ) fiduciary lien recognition and enforcement Uniform Consumer Credit Code ( UCCC ) trust and reporting obligations Fair Credit Reporting Act ( FCRA, 15 U.S.C. 1681 et seq. ) duty to report accurate information, correct errors, and prevent misleading credit reporting Code of Federal Regulations ( CFR, relevant sections ) enforcement of equitable reporting and fiduciary duties Equitable Principles & Maxims including : Equity regards as done that which ought to have been done He who seeks equity must do equity Equity will not suffer a wrong to be without a remedy IV. DEMAND FOR PERFORMANCE Within 21 days of receipt, XXXX  is required to : XXXX. Re-instate the CAC account with {$0.00} balance and all payments accurately recorded as paid on time. 
XXXX. Recognize the Trusts fiduciary lien and interest as holder in equity.

3. Provide full credit file access to the Trust, including all historical and current data maintained in their credit reporting systems. 



V. NOTICE OF NON-PERFORMANCE Failure to comply within the stated 21-day period will constitute : Willful dishonor in equity Immediate filing for remedies in a Court of XXXX : Specific performance Injunction to enforce record correction Monetary damages and penalties Escalation to SEC, FTC, IRS and other regulatory authorities Filing of IRS Forms 3949-A ( tax violation reporting ) and 211 ( whistleblower claim ) referencing XXXX  failure to correct and maintain accurate records VI. CONCLUSION Equifax has been put on final notice under the authority of the XXXX XXXX  Irrevocable Living Trust. The CAC account must be added back with accurate reporting, XXXX balance, and all payments made as agreed which would be about 64 months of payments. Equity regards as done that which ought to have been done. 

Failure to act constitutes a deliberate breach of fiduciary duty, statutory violation, and equitable dishonor. 



Respectfully Submitted, XXXX XXXX Trustee / Fiduciary / Beneficiary XXXX XXXX  Irrevocable Living Trust Attachments : XXXX Report ( Certified & Recorded ) XXXX Financing Statement ( Perfected & Recorded ) Bill in Equity ( Prior Notice ) SEC filings/ evidence of trust capacity

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