Credit reporting or other personal consumer reports -- Problem with a company's investigation into an existing problem -- Complaint #10873285
Complaint Overview
Complaint ID: 10873285
Company: Sequium Asset Solutions, LLC
Product: Credit reporting or other personal consumer reports
Sub-Product: Credit reporting
Issue: Problem with a company's investigation into an existing problem
Sub-Issue: Investigation took more than 30 days
State: Georgia
ZIP Code: 30228
Date Received: 2024-11-18T12:00:00-05:00
Date Sent to Company: 2024-11-18T12:00:00-05:00
Company Response: Closed with non-monetary relief
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
XXXX XXXX XXXX XXXX XXXX XXXX GA XXXX XX/XX/year> Sequium Asset solutions LLC XXXX XXXX XXXX XXXX XXXX XXXX, GA XXXX Subject : Formal Demand for Debt Validation and Removal of Account from Credit Report To Whom It May Concern : This letter serves as a formal demand for debt validation under my rights provided by federal law, as well as a request for the immediate removal of the alleged debt account from my credit report. I previously submitted a written request for debt validation on XX/XX/year> for Account number : XXXX, It has now been over 30 days without receipt of proper validation from your agency. Consequently, I am exercising my rights under the Fair Debt Collection Practices Act ( FDCPA ), 15 U.S.C. 1692g, and additional consumer protection laws, and am formally requesting removal of the alleged debt from any credit reporting agencies to which you have reported it. The FDCPA, Section 809 ( b ) mandates that a collection agency must cease all collection efforts until a debt has been properly validated. Despite my initial request, your agency has failed to provide sufficient documentation, such as the original signed contract or any evidence substantiating the validity of this debt. This omission indicates noncompliance with statutory requirements, and continued collection activities without proper validation constitute a violation of the FDCPA. Furthermore, under the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 1681s-2 ( b ), furnishers of information are obligated to provide accurate information to credit reporting agencies. Without validated proof of this alleged debt, your continued reporting may constitute inaccurate and misleading information in violation of the FCRA, harming my creditworthiness and financial standing unjustly. Additionally, the Gramm-Leach-Bliley Act ( GLBA ), 15 U.S.C. 6802, outlines privacy rights for consumers. Given your failure to validate this debt, I am also concerned about the improper handling and potential misrepresentation of my personal financial information, raising questions about potential GLBA violations. In light of the aforementioned laws, I am requesting : Immediate removal of the unvalidated account from any and all credit reporting agencies. Written confirmation that all information related to this alleged debt has been permanently removed from my credit reports. Cessation of any further collection activities related to this account. Failure to comply with these demands may result in a formal complaint with the Consumer Financial Protection Bureau ( CFPB ) and other regulatory agencies. Please address this matter within 15 days of receipt of this letter and provide written confirmation of the requested actions. Thank you for your prompt attention to this important matter. Sincerely, XXXX XXXX
Frequently Asked Questions
What is Complaint #10873285 about?
Complaint #10873285 was filed against Sequium Asset Solutions, LLC regarding Credit reporting or other personal consumer reports specifically about Problem with a company's investigation into an existing problem. It was received by the CFPB on 2024-11-18T12:00:00-05:00.
How did Sequium Asset Solutions, LLC respond to this complaint?
The company responded with: "Closed with non-monetary relief". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Credit reporting or other personal consumer reports) and describe your issue in detail.
Can I see other complaints against Sequium Asset Solutions, LLC?
Yes, visit the Sequium Asset Solutions, LLC company profile at readthecomplaint.com/company/sequium-asset-solutions-llc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.