Consumer complaint received 2020-10-05
Company: NISSAN MOTOR ACCEPTANCE COMPANY LLC
State: FL
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Fraudulent loan

Complaint:
Due to the Covid-19 epidemic set backs and complications having access to a computer I was not able to respond to the dealerships response to my complaint on CFPB File # XXXX in the allotted time. Below is the description of what happened : On XX/XX/XXXX XXXX XXXX XXXX sales and finance staff collaborated in producing a predatory loan in order to sell a XXXX XXXX XXXX  XXXX XXXX in the amount of {$42000.00}. To confirm our suspicion we reached out to the lender and requested a copy of the original credit application be forwarded to us. The findings were as follows : - Forgery of credit application. - Overstating income for applicant # 1 in the amount of $ XXXX/mo as retirement income when applicant # 1 works full time making only $ XXXX/yr. - Overstating housing expenses of applicant # 1 as $ XXXX/mo in rent when the home is owned free and clear. - Overstating length of employment for applicant # 1 saying 5 years when applicant was at current place of employment for less than 12 months. - Overstating income for applicant # 2 in the amount of $ XXXX/mo working as a XXXX at an XXXX XXXX when applicant # 2 is a XXXX speaking XXXX   man. -Understating applicant # 2 's housing expenses as living with family when applicant lives only with his a spouse and children paying rent. Applicant # 1 was rushed and tricked into cosigning this fraudulent purchase to help " lower the cost '' of Applicant # 2 's work vehicle because Applicant # 1 has great credit. All along XXXX XXXX XXXX XXXX sinister plot was make financial gain by defrauding the lender into funding a loan Applicant # 2 can not afford. 

On XX/XX/XXXX the lender ( Nissan Motor Acceptance Corporation ) not the dealership ( XXXX XXXX XXXX XXXX ) responded to my complaint stating " Please be aware that the credit application Applicant 1 and Applicant 2 signed, states that, they understood and agreed what they were applying for and that they certified that the information on the application was true and complete. '' That is exactly what the complaint is about and how the dealership ( XXXX XXXX XXXX ) altered the credit application and forged my signature to fund this predatory/fraudulent loan. Again I have requested and posses a copy of the credit application submitted to Nissan Motor Acceptance Corporation by XXXX XXXX XXXX and the financial information listed on it is not what I provided and the signatures/initials on it are not mine. 

Because of the fraudulent and predatory sales practices committed by XXXX  XXXX XXXX by altering the credit application and forging signatures to fund a predatory loan I seek the following resolution or will be left no choice but to seek legal counsel regarding this matter where I will peruse the maximum compensation for damages allowed to me by law : *Nissan Motor Acceptance Corporation take the vehicle back and charge back losses to XXXX    XXXX XXXX .

*Complete removal of the credit tradeline from XXXX , XXXX  , and XXXX. 

*Assurance that the XXXX XXXX XXXX Employees involved in this gross misconduct be held accountable to prevent other families from falling victim to their schemes.

Company response to consumer: Closed with explanation