Consumer complaint received 2025-01-25 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: EQUIFAX, INC.
State: PA

Complaint narrative:
To Whom It May Concern, I am filing this complaint against Equifax for failing to properly investigate and correct inaccurate information on my credit report. Despite submitting multiple disputes, these inaccuracies persist, violating my rights under the Fair Credit Reporting Act ( FCRA ), the Truth in Lending Act ( TILA ), and federal laws governing charged-off debts and 1099-C reporting. 

Details of the Complaint 1. XXXX XXXX XXXX Account This account is inaccurately reported as : Charged off with a balance of {$220.00}, inconsistent with the payment and balance history. 
Reflecting a payment date of XX/XX/year>, while other records report missed payments prior to that date. 
No indication of whether the charged-off debt was reported as canceled under IRS 1099-C guidelines, creating further inaccuracies. 

XXXX. XXXX XXXX XXXX Account This account inaccurately reports : A {$200.00} balance written off and {$120.00} past due as of XX/XX/year>, with no clarity on whether the debt is still collectible or canceled. 
A failure to issue or confirm the filing of a 1099-C for the written-off debt, as required under 26 U.S. Code 6050P.

These discrepancies violate 15 U.S.C. 1681 ( e ) ( requirement for maximum possible accuracy ) and 15 U.S.C. 1681 ( i ) ( requirement for proper reinvestigation of disputes ).

Reference to CFPB Concerns Regarding Equifax Equifax has been cited previously for its systemic issues in handling consumer disputes and ensuring accurate credit reporting. My experience reflects these concerns. Despite submitting valid disputes supported by evidence, Equifax has failed to properly investigate or correct the inaccurate information on my credit report.

Legal Violations Equifaxs failure to address these issues violates the following laws : 1. 15 U.S.C. 1601 Ensuring transparency and accuracy in credit reporting and billing practices.

2. 15 U.S.C. 1681 ( e ) Obligation to ensure the maximum possible accuracy of consumer credit information.

3. 15 U.S.C. 1681 ( i ) Duty to conduct a reasonable reinvestigation of disputed information.

4. 26 U.S. Code 6050P Requirement to issue a 1099-C for canceled or forgiven debts.

Desired Resolution I request the CFPB to investigate Equifax for its failure to comply with federal laws regarding credit reporting and dispute resolution. Specifically, I ask that Equifax be directed to : 1. Conduct a full reinvestigation of the XXXX XXXX XXXX and XXXX XXXX XXXX  accounts. 
XXXX. Verify whether the debts were canceled or forgiven, including the issuance of 1099-C forms where applicable.

3. Remove or correct all inaccurate or unverifiable information from my credit report.

4. Provide documentation of the reinvestigation and any verification obtained from the creditors.

Equifaxs failure to comply with these legal requirements has negatively impacted my creditworthiness and caused unnecessary financial stress. I trust the CFPB will take swift and appropriate action to address these violations and ensure Equifax is held accountable. 

Thank you for your attention to this matter. 

Sincerely, XXXX XXXX XXXX XXXX XXXX

Company response to consumer: Closed with non-monetary relief