Consumer complaint received 2024-12-05 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Old information reappears or never goes away
Company: Exeter Finance, LLC.
State: GA

Complaint narrative:
Subject : Urgent Complaint Regarding Continued Illegal Reporting and Denial of 1099-C Form by Exeter Finance LLC To Whom It May Concern, I am writing to file a formal complaint against Exeter Finance LLC for XXXX re-aging, improper reporting, and unlawful denial of the 1099-C form for my account, despite multiple attempts to resolve these issues. Exeter Finance LLC has been unlawfully reporting my account as in collections every month, extending the reporting period and causing significant damage to my credit report. Additionally, they have refused to provide me with a 1099-C form for the debt that was written off, which is required by law. 
Account Details : * Account Name : XXXX XXXX XXXX * Account Type : Auto Loan * Date Opened : XX/XX/XXXX * Original Balance : {$14000.00} * Account Status : Closed, {$14000.00} Written Off * Balance as of Latest Report : {$0.00} * Status Updated : XX/XX/XXXX ( monthly updates continuing ) Despite the fact that my account was written off and closed, Exeter Finance continues to update my account every month as in collections, which unlawfully extends the reporting period for this debt beyond the seven-year limit mandated by the Fair Credit Reporting Act ( FCRA ). This is an illegal practice that violates FCRA Section 605 ( a ), and I am entitled to have this account removed from my credit report.

Denial of 1099-C Form : In addition to this, I have made over 50 calls to Exeter Finance LLC in an effort to obtain a 1099-C form for the forgiven debt. According to IRS guidelines, a 1099-C form is required to be issued when a debt is written off and forgiven, yet Exeter Finance has consistently refused to provide me with this form despite my repeated requests. This refusal is a violation of IRS regulations, and it is also impeding my ability to properly report my taxes. 
Previous Complaints : I have filed numerous complaints with Exeter Finance regarding these issues, including but not limited to : * Complaint ID : XXXX ( Filed on XX/XX/XXXX ) * Complaint ID : XXXX ( Filed on XX/XX/XXXX ) * Complaint ID : XXXX ( Filed on XX/XX/XXXX ) * Complaint ID : XXXX ( Filed on XX/XX/XXXX ) Despite these complaints, the issue persists, and Exeter Finance has failed to take corrective action .

Demands for Resolution : Given the ongoing violations of both the FCRA and IRS regulations, I am demanding the following actions from Exeter Finance : 1. Immediate deletion of the account from all credit bureaus and reporting systems.

2. Immediate cessation of monthly updates showing that the account is in collections or any other negative reporting.

3. Issuance of the 1099-C form for the written-off debt.

4. Formal written confirmation from Exeter Finance that this account will no longer be reported negatively and that all erroneous updates have been reversed.

If these demands are not met within 30 days, I will take further legal action for willful violations of the Fair Credit Reporting Act ( FCRA ) and IRS regulations regarding the 1099-C form. I will also file complaints with the Consumer Financial Protection Bureau ( CFPB ), the Federal Trade Commission ( FTC ), and my states Attorney Generals Office. Additionally, I will pursue legal remedies for the harm caused by these unlawful practices. 
Please consider this my final notice before I proceed with legal action. I expect immediate removal of this entry from my credit report, receipt of the required 1099-C form, and written confirmation that Exeter Finance LLC is in full compliance with federal regulations. 
Thank you for your prompt attention to this matter. 
Sincerely,

Company response to consumer: Closed with explanation