Credit reporting or other personal consumer reports -- Improper use of your report -- Complaint #10988142
Complaint Overview
Complaint ID: 10988142
Company: Experian Information Solutions INC.
Product: Credit reporting or other personal consumer reports
Sub-Product: Credit reporting
Issue: Improper use of your report
Sub-Issue: Reporting company used your report improperly
State: Florida
ZIP Code: 32835
Date Received: 2024-12-01T12:00:00-05:00
Date Sent to Company: 2024-12-01T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I am submitting this formal complaint regarding the unlawful and improper practices of XXXX, XXXX, and Experian ( collectively referred to as the " Credit Reporting Agencies '' or " CRAs '' ) related to the illegal reporting of my transaction history. Below, I detail the specific issues and violations of federal law : I am formally opting out of any and all authorizations I may have givenwhether written, verbal, unwritten, or impliedfor the CRAs to share reporting of my transaction history Under 15 U.S.C. 6801, financial institutions and their agents are bound by an affirmative and continuing obligation to respect the privacy and confidentiality of consumers ' non-public personal information. Reporting transaction history without explicit consent violates this statute. Violation : XXXX, XXXX, and XXXX have engaged in the unauthorized reporting of my transaction history, which is illegal without my consent. Impact : This unauthorized action directly undermines the Congressional mandate for safeguarding consumer privacy, as outlined in the Gramm-Leach-Bliley Act and its supporting provisions under the FCRA Fair Credit Reporting Act ( FCRA ) : 15 U.S.C. 6801 Unlawful Reporting of Charged-Off Debt as Income Under federal law, charged-off debts are considered income for tax purposes when reported to the IRS via a 1099-C form. However, income is not a permissible category for reporting on consumer credit reports under the Fair Credit Reporting Act ( FCRA ). The FCRA and related case law establish that consumer credit reports must only contain accurate and permissible information directly related to creditworthiness, not income classifications. Violation : XXXX, XXXX, and Experian are unlawfully reporting charged-off debts as derogatory trade lines on my credit report despite their reclassification as " income '' under IRS regulations XXXX This constitutes a clear violation of the FCRA because income, especially income derived from forgiven debt, is not authorized for inclusion in consumer credit reporting. Supporting Legal Precedents : XXXX XXXX. XXXX ( a ) : Restricts the type of information that can appear on a consumer report. XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX : Emphasized that misleading information on credit reports can violate the FCRA. XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX : Highlighted the importance of accurate classification of debt in credit reporting. Impact : The misreporting of charged-off debt as a derogatory item when it should be classified as income causes severe harm to my credit profile and undermines my creditworthiness. Additionally, it subjects me to undue financial and reputational harm by inaccurately portraying my financial behavior.
Frequently Asked Questions
What is Complaint #10988142 about?
Complaint #10988142 was filed against Experian Information Solutions INC. regarding Credit reporting or other personal consumer reports specifically about Improper use of your report. It was received by the CFPB on 2024-12-01T12:00:00-05:00.
How did Experian Information Solutions INC. respond to this complaint?
The company responded with: "Closed with explanation". 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 Experian Information Solutions INC.?
Yes, visit the Experian Information Solutions INC. company profile at readthecomplaint.com/company/experian-information-solutions-inc 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.