Consumer complaint received 2025-01-30 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Information belongs to someone else
Company: EQUIFAX, INC.
State: NY

Complaint narrative:
Subject : Formal Demand for Deletion of Inaccurate, Unverified, and Unlawfully Reported Accounts under the FCRA, FDCPA, and SEC Regulations To Whom It May Concern : This letter serves as a formal dispute and demand for deletion of all inaccurate, unverifiable, and improperly reported accounts appearing on my consumer report in violation of 15 U.S.C. 1681 ( Fair Credit Reporting Act - FCRA ), 15 U.S.C. 1692 ( Fair Debt Collection Practices Act - FDCPA ), and applicable federal securities and tax regulations. 
I have already obtained confirmation from XXXX, which has removed all inaccurate and unverifiable accounts, as evidenced in the enclosed documentation. This provides clear precedent for immediate removal from XXXX, Equifax, and XXXX. Additionally, as all accounts have been legally transferred to XXXX XXXX XXXX XXXX, a UCC-1 financing statement has been publicly recorded, transferring ownership and liabilities away from my personal consumer profile. 
Accordingly, the following negative items must be permanently deleted IMMEDIATELY in compliance with federal law 1. Unverified and Inaccurate Late Payments Violation of FCRA & TILA The late payments appearing on my report are in direct violation of 15 U.S.C. 1666b and 15 U.S.C. 1637b under the Truth in Lending Act ( TILA ), which regulate the proper reporting of billing and credit information.

15 U.S.C. 1681e ( b ) mandates that consumer reporting agencies maintain " maximum possible accuracy. '' Unless the furnishers provide original, signed contractual agreements proving their legal right to report this information, all late payments must be deleted.

Under 12 CFR 1026.13, all creditors must provide substantive evidence to validate the accuracy of reported data. No such validation has been provided.

DEMAND : All late payments must be deleted immediately. 
2. Unlawful Reporting of Charge-Offs Violation of IRS and FCRA Regulations Charge-offs are written off as taxable income under IRS regulations ( 26 U.S.C. 61 ), meaning the creditor has already claimed the loss and received tax benefits.

As income can not be legally reported as an outstanding liability on a consumer report, all charge-offs must be deleted immediately. 
DEMAND : Immediate deletion of all charge-offs due to unlawful double-reporting.

3. Collections Accounts Violation of FDCPA & FCRA 15 U.S.C. 1692c prohibits the improper transmission of consumer debt to third parties without proper authorization.

15 U.S.C. 1692g requires debt collectors to validate debts before reporting them. No such validation has been received.

15 U.S.C. 1681s-2 ( b ) mandates that creditors conduct an investigation and delete any unverifiable information. 
DEMAND : Permanent deletion of all collection accounts unless complete validation with original agreements is provided. 
4. Unlawful Repossession Reporting Violation of FCRA & UCC Laws The repossession of my vehicle appearing on my consumer report violates 15 U.S.C. 1681b ( a ) ( 2 ) regarding permissible purposes for furnishing information.

Under UCC 3-203, the improper transfer of promissory notes without proper assignment voids all enforcement claims. 
DEMAND : The repossession entry must be deleted immediately as the creditor has failed to provide proof of ownership or enforceable security interest. 
5. Improper Securitization and Transfer of Accounts Violation of SEC Regulations My accounts have been unlawfully transferred into commercial paper bonds and securitized in violation of : Section 5 of the Securities Act of 1933 ( unregistered securities sales ). 
SEC Regulation AB ( 17 CFR 229.1100 et seq. ), which mandates disclosure of all asset-backed securities transactions.

Section 10 ( b ) of the Securities Exchange Act and Rule 10b-5, prohibiting deceptive financial practices.

Since my accounts have been converted into securities without my knowledge or consent, they no longer constitute consumer debts under the FDCPA or FCRA. 
DEMAND : Immediate removal of all affected accounts from my consumer report due to unlawful securitization.

6. Failure to Report Required Tax and Financial Filings IRS Violations Under 26 U.S.C. 6045 and 6049, creditors must issue IRS Form 1099-B for securities sales and IRS Form 1099-OID for original issue discounts on debt instruments.

No such tax filings have been provided, confirming the accounts were not lawfully securitized, further voiding their enforceability. 
DEMAND : Full disclosure of tax filings and removal of any unverified account. 
FORMAL REQUEST FOR ACTION Based on the legal violations outlined above, I am demanding the following corrective actions : 1. Immediate deletion of all negative, inaccurate, and unverifiable accounts from my credit report.

2. Full documentation proving any remaining accounts were lawfully assigned, validated, and meet FCRA accuracy standards.

3. Confirmation in writing that no further reporting will occur regarding the disputed accounts. 
Failure to comply within 4 calendar days will result in : Formal complaints filed with Federal Trade Commission ( FTC ), Securities and Exchange Commission ( SEC ) and Attorney General Offic.

Potential legal action against all parties for willful violations of the FCRA, FDCPA, and SEC regulations. 
This letter constitutes formal legal notice under the FCRA and FDCPA. The credit reporting agencies are legally obligated to investigate and delete all unverified accounts. Noncompliance will result in legal escalation.

I expect full compliance within 4 days of receipt of this letter. Please respond in writing to confirm resolution. 
Sincerely, /s/ XXXX XXXX

Company response to consumer: Closed with non-monetary relief