Consumer complaint received 2025-04-23 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: Experian Information Solutions Inc.
State: MI

Complaint narrative:
XXXX XXXX XXXX : XX/XX/year> Consumer Financial Protection Bureau XXXX. XXXX XXXX Washington, D.C. XXXX RE : Complaint Regarding Charge-Off Reporting XXXX XXXXXXXX XXXX XXXX XXXX Dear CFPB Representative, I am writing to formally file a complaint against XXXX XXXXXXXX XXXX XXXX XXXX regarding the charge-off status reported on my credit report : Account ending in XXXX The charge-off was reported without proper validation and is causing significant harm to my credit profile. I am requesting an investigation into this matter and respectfully urge your office to hold the institution accountable for any violations of the law. Details of the Issue : Creditor Name : XXXX XXXX XXXX XXXX XXXX Account Number ( last 4 digits ) : XXXX Charge-Off Date : XX/XX/year> Alleged Balance : {$520.00} I contacted XXXX XXXX XXXXXXXX XXXX XXXX and requested documentation validating the debt as well as an itemized accounting of how the balance was determined. To date, they have not provided the information required under federal law. In addition, I believe the charge-off was reported inaccurately or without compliance with lawful procedures. Laws Violated or Potentially Violated : 1. Fair Credit Reporting Act ( FCRA ) 15 U.S. Code 1681s-2 Under the FCRA, furnishers of information to credit bureaus must report information that is accurate and complete. If a consumer disputes information, the furnisher is required to conduct a reasonable investigation and update or delete the data as appropriately. To my knowledge, XXXXXXXX XXXX XXXX has not provided evidence to support the accuracy of this charge-off, despite my dispute with XXXX XXXX XXXXXXXX XXXX XXXX 2 . Fair Debt Collection Practices Act ( FDCPA ) 15 U.S. Code 1692g If o XXXX XXXX XXXX XXXX XXXX r a third party is acting as a debt collector, they are required to provide validation of the debt upon request within 30 days. I requested validation in writing, and they failed to provide a response. 
3. FACTA Amendments to FCRA The FACTA amendments further mandated that consumers have the right to dispute incomplete or inaccurate information and require that furnishers and CRAs have procedures in place to ensure data integrity I request that the CFPB investigate this matter and request XXXX XXXX XXXX XXXX XXXX to validate or remove the charge-off. 
If they can not substantiate the debt or show proof of compliance with the FCRA and FDCPA, I ask that the charge-off and associated derogatory marks be removed from my credit report with all major credit bureaus. 
I also request confirmation that no further collections or negative reporting will occur related to this account IRC ( Internal Revenue Code ) 6050P : Requires financial institutions and certain entities to report canceled debt. 
The income from canceled debt may be considered " income from discharge of indebtedness '' under IRC 61 ( a ) ( 12 ). 
Form 1099-C, Cancellation of Debt, is used in the United States when a creditor forgives or cancels a debt. The IRS treats canceled debt as taxable income in most situations, so receiving a 1099-C can have tax implications. 
It's filed by lenders when they forgive or discharge a debt. 
Sent to both the XXXX XXXX XXXX XXXX XXXX IRS and the debtor I have attached copies of my correspondence with and copies of my credit report showing the charge-off. I am happy to provide any additional documents upon request. 
Thank you for your assistance in resolving this matter. I look forward to your response. 
Sincerely, XXXX XXXX

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