Credit reporting or other personal consumer reports -- Incorrect information on your report -- Complaint #9987806
CL Holdings LLC Accused of Reporting Incorrect, Misattributed Credit Information
Complaint Overview
Complaint ID: 9987806
Company: Cl Holdings LLC
Product: Credit reporting or other personal consumer reports
Sub-Product: Credit reporting
Issue: Incorrect information on your report
Sub-Issue: Information belongs to someone else
State: Pennsylvania
ZIP Code: 19134
Date Received: 2024-08-31T12:00:00-05:00
Date Sent to Company: 2024-08-31T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Risk Assessment
Risk Level: medium
The presence of another individual's information on a credit report can significantly impact a consumer's creditworthiness and ability to obtain financial products.
Consumer Sentiment: neutral
Topics: Credit reporting, Incorrect information, Identity issues
AI Analysis
CFPB complaint 9987806 was filed against CL Holdings LLC regarding Credit reporting or other personal consumer reports (Credit reporting), specifically about "Incorrect information on your report". A consumer reported that incorrect information, specifically data belonging to someone else, appeared on their credit report, and the issue was closed with an explanation. The complaint was received on August 31, 2024 from Pennsylvania. The company responded with "Closed with explanation".
What You Should Do -- Consumer Action Plan
Consumers should regularly review their credit reports for accuracy and dispute any incorrect information, especially if it appears to belong to another person.
Legal Context & Consumer Protection Laws
The Fair Credit Reporting Act (FCRA) mandates that credit reporting agencies and furnishers ensure the accuracy of consumer information.
Regulatory Insight
This case highlights the importance of robust data verification processes by credit reporting agencies and furnishers to prevent the misattribution of consumer data.
Resolution Likelihood
mixed
State-Specific Consumer Protections
The complaint originated in Pennsylvania, a state with consumer protection laws that may offer additional recourse.
Industry Comparison
This issue is common within the credit reporting industry, where data errors and misidentification can occur.
Related Issues
Frequently Asked Questions
What is CFPB complaint 9987806 about?
CFPB complaint 9987806 involves Credit reporting or other personal consumer reports (Credit reporting). The consumer reported an issue with "Incorrect information on your report", specifically "Information belongs to someone else". This complaint was filed against CL Holdings LLC on August 31, 2024.
Which company is complaint 9987806 filed against?
Complaint 9987806 was filed against CL Holdings LLC. You can view all complaints against this company on their profile page at /company/cl-holdings-llc.
What was the company's response to complaint 9987806?
CL Holdings LLC responded with "Closed with explanation". The response was marked as timely by the CFPB.
When was complaint 9987806 filed?
Complaint 9987806 was received by the CFPB on August 31, 2024. It was sent to CL Holdings LLC on August 31, 2024.
What state was complaint 9987806 filed from?
Complaint 9987806 was filed from Pennsylvania. You can view all complaints from this state at /state/PA.
Was the consumer satisfied with the resolution of complaint 9987806?
Dispute information is not available for complaint 9987806.
What product category is complaint 9987806 about?
Complaint 9987806 is categorized under "Credit reporting or other personal consumer reports", specifically "Credit reporting". This is one of the product categories tracked by the CFPB.
How was complaint 9987806 submitted?
Complaint 9987806 was submitted via Web. The CFPB accepts complaints through web, phone, mail, email, fax, and referral channels.
What are the consumer's legal options for complaint 9987806?
The Fair Credit Reporting Act (FCRA) mandates that credit reporting agencies and furnishers ensure the accuracy of consumer information. This relates to a Credit reporting or other personal consumer reports complaint against CL Holdings LLC involving "Incorrect information on your report".
How likely is complaint 9987806 to be resolved?
Resolution likelihood: mixed. The company's current response is "Closed with explanation". The company did respond in a timely manner, which is a positive indicator.
What does the risk level mean for complaint 9987806?
This complaint is rated as medium risk. The presence of another individual's information on a credit report can significantly impact a consumer's creditworthiness and ability to obtain financial products.
What regulatory actions apply to complaint 9987806?
This case highlights the importance of robust data verification processes by credit reporting agencies and furnishers to prevent the misattribution of consumer data. The CFPB tracks complaints like this one to identify patterns of misconduct across the Credit reporting or other personal consumer reports industry.
What should the consumer do about complaint 9987806?
Consumers should regularly review their credit reports for accuracy and dispute any incorrect information, especially if it appears to belong to another person.
Are there state-specific protections for complaint 9987806?
The complaint originated in Pennsylvania, a state with consumer protection laws that may offer additional recourse. This complaint was filed from Pennsylvania.
How does complaint 9987806 compare to industry norms?
This issue is common within the credit reporting industry, where data errors and misidentification can occur.
What steps should a consumer take if they discover information belonging to someone else on their credit report?
The consumer should immediately dispute the inaccurate information with the credit reporting agency and the furnisher of the information, providing any supporting documentation.
What are the potential consequences for a credit reporting agency or furnisher that repeatedly reports incorrect information?
Consequences can include regulatory fines, legal action, and damage to their reputation, as well as potential liability for damages incurred by the consumer.
Disclaimer
This analysis is AI-generated and does not constitute legal advice.