Credit reporting or other personal consumer reports -- Problem with a company's investigation into an existing problem -- Complaint #11338818
Complaint Overview
Complaint ID: 11338818
Company: National Credit Adjusters, 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: Their investigation did not fix an error on your report
State: Wisconsin
ZIP Code: 543XX
Date Received: 2024-12-31T12:00:00-05:00
Date Sent to Company: 2024-12-31T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I am writing to formally dispute inaccurate information being reported on my credit report regarding a charge-off. The account in question is listed as follows : Creditor Name : XXXX XXXX XXXX XXXX XXXXXXXX XXXX of all. the account has been reported as charged off, but at the same time it is showing the account has a balance of charged off But yet the account has of, Balance {$1800.00}. The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a charge-off can only be reported for seven years from the date of the first delinquency leading to the charge-off. Repeated reporting of the charge-off as a new event does not reset this statute of limitations and is improper. It has come to my attention that the charge-off is being reported month after month on my payment history, which is incorrect. XXXX and XXXX both showing different payment history. Credit bureaus are all reporting inaccurate payment history, for example XXXX is reporting no payment history. While XXXX IS REPORTING the payment history been reported as charge off every single month : Charge Off as of XX/XX/XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX This is Violations of the Fair Credit Reporting Act ( FCRA ) and the Wisconsin Consumer Act ( WCA ), Under the FCRA ( 15 U.S.C. 1681e ( b ) ), credit reporting agencies must ensure the accuracy of information they report. A charge-off should be reported only once, corresponding to the date it was charged off. Repeatedly reporting the charge-off as a new event each month violates this requirement and has caused significant harm to my credit score., The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a charge-off can only be reported for seven years from the date of the first delinquency leading to the charge-off. Repeated reporting of the charge-off as a new event does not reset this statute of limitations and is improper. The FCRA ( 15 U.S.C. 1681c ( a ) ( 4 ) ) mandates that a charge-off can only be reported for seven years from the date of the first delinquency leading to the charge-off. Repeated reporting of the charge-off as a new event does not reset this statute of limitations and is improper. According to the Fair Credit Reporting Act ( FCRA ), negative information such as a charge-off should only be reported once, corresponding to the date it was charged off. The FCRA requires that credit reporting agencies ensure the accuracy of the information they report ( 15 U.S.C. 1681e ( b ) ). Repeatedly reporting the charge-off each month results in a misleading and inaccurate credit report, which has significantly harmed my credit score. Additionally, the statute of limitations for reporting a charge-off is seven years from the date of the first delinquency that led to the charge-off ( 15 U.S.C. 1681c ( a ) ( 4 ) ). Continuously reporting this charge-off as a new event each month does not reset the statute of limitations and is improper. I request that you promptly investigate this account and correct the inaccurate information by removing the repeated entries of the charge-off from my payment history. Please update my credit report accordingly and provide me with a confirmation of these corrections. Thank you for your prompt attention to this matter
Frequently Asked Questions
What is Complaint #11338818 about?
Complaint #11338818 was filed against National Credit Adjusters, 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 2024-12-31T12:00:00-05:00.
How did National Credit Adjusters, LLC 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 National Credit Adjusters, LLC?
Yes, visit the National Credit Adjusters, LLC company profile at readthecomplaint.com/company/national-credit-adjusters-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.