Consumer complaint received 2024-12-17 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: EQUIFAX, INC.
State: CA

Complaint narrative:
To whom this may concern, I am writing to formally request the removal of an inaccurate item from my Equifax and XXXX credit report under the provisions of the Fair Credit Reporting Act ( FCRA ), 15 U.S. Code 1681, which mandates that credit reporting agencies maintain accurate and up-to-date information. I have recently reviewed my credit reports from XXXX and the item listed below has been deleted by these agencie as it was determined to be inaccurate or unverifiable. Account Name : XXXX XXXX Account number : XXXX Amount : {$17000.00} However, this same item remains on my Equifax credit report. This account must be deleted as the status is not correct, the amount is not correct and account was charged off XX/XX/year> which Ive stated in my last complaint but Equifax continues to state that this account is verified which they havent proved or provided any real proof. Ive asked this company for a 1099 C for this so debt and XXXX continue to refuse to respond to my request which I also provided in my my last complaint and I will have those letters attached to this complaint again .This information is NOT CORRECT & this account needs to be removed and deleted immediately. Equifax and XXXX needs to follow suit and remove this account immediately. I will have supported documents attached. If this continues I will be filing a law against both parties for violating my rights and reporting false information. You have 4 days from now to delete this from my report before I take legal action. As stipulated by Internal Revenue Code ( IRC ) 6050P, XXXX XXXX is legally required to issue a 1099-C form when a debt of {$600.00} or more is canceled. The failure to issue this form constitutes a violation of federal law, as you are obligated to report cancelled debts to both the IRS and the consumer. This issue has gone unresolved for far too long. 
Reporting Act ( FCRA ) 1681**, all information reported to credit bureaus must be accurate and complete. The ongoing reporting of this charged-off account is not only incorrect but also misleading. As per the FCRA, if an account is charged off or forgiven, and if the debt is cancelled, the report must reflect this cancellation, and the account should be removed from my credit report or marked as paid or settled with a XXXX balance. The continued reporting of this account as an open, charged-off balance, without issuing the required 1099-C, is an inaccurate representation of my financial obligations and violates my rights under the FCRA. 
By failing to issue a **1099-C form** and continuing to report a charged-off account, XXXX XXXX is infringing upon my rights under the **Fair Debt Collection Practices Act ( FDCPA ) **, which protects consumers from misleading and unfair practices by debt collectors and creditors. I request the immediate removal of this charged-off account from my credit report and the deletion of all associated negative entries that do not reflect the true status of the debt. This includes removing any record of the account that reflects it as charged off or in default if the debt has been forgiven or settled. Please delete and remove all this account. Account Name : XXXX XXXX  Account Number : XXXX Date of Charge-Off : XX/XX/year> Original Balance : {$17000.00} If this matter is not resolved within 15 days, I will be forced to pursue further action against both parties.

Company response to consumer: Closed with explanation