Consumer complaint received 2025-04-21 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: Resurgent Capital Services L.P.
State: MI

Complaint narrative:
XXXX XXXX XXXX : XX/XX/year> Consumer Financial Protection Bureau XXXX. XXXX XXXXXXXX XXXX  XXXX XXXX RE : Complaint Regarding Charge-Off Reporting XXXX XXXX XXXX/ Resurgent Capital Services Dear CFPB Representative XXXX XXXX am writing to formally file a complaint against XXXX XXXX XXXX regarding the charge-off status reported on my credit card 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 Bank Account Number ( last XXXX digits ) : XXXX Charge-Off XXXX Alleged Balance : {$730.00} XXXX contacted XXXX 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, XXXX XXXX XXXX has not provided evidence to support the accuracy of this charge-off, despite my dispute. 
XXXX. Fair Debt Collection Practices Act ( FDCPA ) 15 U.S. Code 1692g If XXXX XXXX Bank or 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. 
XXXX. FACTA Amendments to FCRA The FACTA amendments further mandate 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 XXXXXXXX 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 ( XXXX XXXX XXXX ) 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 IRS and the debtor I have attached copies of my correspondence with XXXX XXXX Bank 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 response to consumer: Closed with explanation