Credit reporting or other personal consumer reports -- Incorrect information on your report -- Complaint #9100675
Complaint Overview
Complaint ID: 9100675
Company: Axiom Acquisition Ventures, LLC
Product: Credit reporting or other personal consumer reports
Sub-Product: Credit reporting
Issue: Incorrect information on your report
Sub-Issue: Account status incorrect
State: California
ZIP Code: 92376
Date Received: 2024-05-25T12:00:00-05:00
Date Sent to Company: 2024-05-25T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
[ Your Name ] [ Your Address ] [ City, State, ZIP Code ] [ Email Address ] [ Phone Number ] [ Date ] Consumer Financial Protection Bureau XXXX XXXX XXXX XXXX, IA XXXX Re : Dispute of Inaccurate Credit Reporting by XXXX XXXX XXXX and Axiom Acquisition Ventures LLC ( Account Number : XXXX ) Dear Sir/Madam, I am writing to file a formal complaint regarding the inaccurate reporting of a charge-off account on my credit reports by XXXX XXXX XXXX XXXX ) and Axiom Acquisition Ventures LLC . The details of the account in question are as follows : - Original Creditor : XXXX XXXX XXXX XXXX - Account Type : Installment ( Unsecured loan ) - Balance : {$0.00} - Date Opened : XX/XX/XXXX ( XXXX )/ XX/XX/XXXX ( XXXX ) - Payment Status : Collection/Chargeoff - Last Reported : XX/XX/XXXX ( XXXX )/ XX/XX/XXXX ( XXXX ) - Date Last Active : XX/XX/XXXX ( XXXX )/ XX/XX/XXXX ( XXXX ) - Date of Last Payment : XX/XX/XXXX ( XXXX & XXXX ) - Comments : Charged off as bad debt, Purchased by another lender ( Axiom Acquisition Ventures LLC ) , Unpaid balance reported as a loss by the credit grantor The issues with this account are as follows : 1. **No Contract with Axiom Acquisition Ventures LLC : ** I have no contractual relationship with Axiom Acquisition Ventures LLC . According to the Fair Credit Reporting Act ( FCRA ) and 15 U.S. Code 1692e, debt collectors must report accurate information and must not use false, deceptive, or misleading representations. The absence of a direct contract with Axiom Acquisition Ventures LLC invalidates the reporting of this debt on my credit report. 2. **Continuous Reporting of Charge-off : ** The XXXX XXXX XXXX account has been reported as a charge-off every month for an extended period. According to IRS guidelines, an unpaid charge-off is considered income and should not be repeatedly reported. The continuous monthly reporting of this charge-off is misleading and does not accurately reflect the true status of the debt. Under the FCRA, information reported on my credit report must be accurate and not misleading. 3. **Sale of Debt : ** The debt associated with this account has been sold to another company, Axiom Acquisition Ventures LLC . The original creditor should have updated the account status to indicate this change. Reporting the debt as an active charge-off after it has been sold is inaccurate and misleading. 4. **Issuance of Form 1099-C : ** I have requested a Form 1099-C from the original creditor, which should have been issued to indicate the cancellation of the debt. The absence of this form suggests that the debt should no longer be reported as active. I have previously disputed this matter with the credit bureaus ( XXXX, XXXX, and XXXX ) and the original creditor, but the issue remains unresolved. Therefore, I am seeking the assistance of the CFPB to investigate this matter and ensure that my credit reports are corrected to reflect accurate information. Please find attached copies of relevant documentation, including my communications with the original creditor and the credit bureaus. I request that the CFPB intervenes to have this inaccurate charge-off removed from my credit reports promptly. Thank you for your attention to this matter. Sincerely, XXXX XXXX XXXX
Frequently Asked Questions
What is Complaint #9100675 about?
Complaint #9100675 was filed against Axiom Acquisition Ventures, LLC regarding Credit reporting or other personal consumer reports specifically about Incorrect information on your report. It was received by the CFPB on 2024-05-25T12:00:00-05:00.
How did Axiom Acquisition Ventures, 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 Axiom Acquisition Ventures, LLC?
Yes, visit the Axiom Acquisition Ventures, LLC company profile at readthecomplaint.com/company/axiom-acquisition-ventures-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.