Consumer complaint received 2025-08-13 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: Possible Financial Inc
State: CA

Complaint narrative:
Possible Financial Inc. 
XXXX XXXX XXXX XXXX XXXX XXXX, WA XXXX Phone : ( XXXX ) XXXX RE : IMMEDIATE DEMAND FOR DELETION AND CEASE & DESIST Account # : XXXX To Whom It May Concern : This letter serves as a formal dispute and cease and desist demand under the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681 et seq. regarding the account you are reporting to consumer reporting agencies as charged-off and in collection. 

Upon review of my credit report, I found multiple serious errors, violations, and conflicting data associated with the above referenced account. These errors constitute a gross violation of federal law, specifically : 1.Inaccurate Reporting of Payment History -The payment history shows {$0.00} payments reported on XX/XX/XXXX for months spanning XXXX to XXXX which is factually and chronologically impossible. 
-Under 15 U.S.C . 1681s-2 ( a ) ( 1 ) ( A ), furnishers must report data that is accurate and up to date. Reporting identical payment activity across 36+ months as occurring on a single date over 3 years ago is patently false. 

2.Unverifiable and Incomplete Information -The account shows a balance of {$130.00} every single month for over two years with {$0.00} scheduled payments, yet you report this as a charged off and past due account.

-The terms of the account are listed as 2 months but the delinquency timeline and charge off reflect over 3 years of derogatory marks, which is legally inconsistent and fails to match contractual expectations. 

3.Failure to Accurately Update Status -Despite repeated months of missed payments and a charge off, you continue reporting a past due balance of {$130.00} for over two years violating 15 U.S.C. 1681i ( a ) ( 5 ) ( A ) which mandates accurate updating or deletion following investigation.

4.Duplicate and Stale Entries -You are reporting the same {$130.00} debt and duplicative payment data, appearing to re-age the account monthly, which is a deceptive and illegal practice under FCRA and FDCPA .

-Re-aging an account for the purpose of extending the negative impact is in violation of FCRA 623 ( a ) ( 5 ) and CFPB Bulletin 2014-01.

As such, I demand that you : 1.IMMEDIATELY delete this tradeline from all consumer reporting agencies to which it has been reported.

2.Provide proof of the original signed contract, itemized billing history, and clear explanation of terms and charge off calculations. Failure to do so within the FCRA-required timeframe will be considered failure to verify.

3.Cease and desist all future reporting, collection activity, or communication regarding this account unless you can fully validate the accuracy and legality of this tradeline. 

Under 15 U.S. Code 1681i ( a ) ( 1 ) ( A ), you are required to conduct an investigation and correct or delete any unverifiable or inaccurate information within 30 days of receipt of this letter.

If you fail to comply, I will proceed with filing formal complaints with : -The Consumer Financial Protection Bureau ( CFPB ) -The Federal Trade Commission ( FTC ) -The Washington State Attorney Generals Office Additionally, I reserve the right to pursue civil damages under 15 U.S.C. 1681n and 1681o, which provide for actual, statutory, and punitive damages, along with attorneys fees for willful or negligent noncompliance.

If this debt is being pursued for collection or sold to a third-party collector, this letter serves as an official Cease and Desist notice under the Fair Debt Collection Practices Act ( 15 U.S.C. 1692c ( c ) ). Any further communication outside of legal notice of action will constitute a violation.

This is your final opportunity to comply with federal consumer laws. Failure to act in accordance will result in escalated legal action and regulatory complaints.

Company public response: Company disputes the facts presented in the complaint
Company response to consumer: Closed with explanation