Consumer complaint received 2021-07-06
Company: Mercedes Benz Financial Services
State: MA
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Credit denial

Complaint:
I hereby inform you that I do not agree with your decision to refuse to extend my credit, I also inform you that this decision violates the Truth in Lending Act. and the Fair Credit Law, Regulation z. I am the consumer, 15 USC 6809 ( 9 ). 15 USC 1692a ( 3 ). 12 CFR 1026.2 ( 11 ). I am the natural person. One of the services of a financial institution is to extend credit to the consumer and communicate that they declined my credit application on my behalf because an agency, XXXX, supposedly credit reporting agencies that do not have any legal authorization to use presumed information without my consent, this it is a total violation of 15 USC 1692b ( 1 ) ( 2 ) ( 3 ). They smear my name with their system that is not contained in any of the federal fair credit laws. The Score is not a federal law and much less should it be taken into account when making a credit extension since this is only an invention of the banks to control consumer credit. this is also not contained in the Truth in Lending Act, Fair Credit Reporting Act. I totally reject this deduction from Mercedes-Benz Financial Services as their decision is not supported by any federal law, no federal code. It is not contained in the Fair Credit Act or the Equal Credit Opportunity Act. I do not request to create a loan and less to fill out a loan application. Under what code do you decline my application to be granted credit? 15 USC 1602 ( I ). And in accordance with 15 USC 1602 ( h ), I did not authorize any agency, non-federal, without authority to decide for me, to enter a defamation judgment against my name and this would result in the refusal to complete the Credit Extension. That is a misrepresentation. Credit scoring and scoring is not a federal law and is not required under any law and it is not sustainable to deny an extension of credit for an alleged score, the score is an invention that banks adopted to confuse the consumer with what it really is. it's credit. 15 USC 1602 ( f ) The term " credit '' means the right granted by a creditor to a debtor to defer the payment of a debt or incur debts and defer their payment. I don't recognize what you call a credit report, much less a credit score. Both are just camouflage so as not to show what the credit really is. Consumer ( 11 ) Consumer means a cardholder or natural person to whom consumer credit is offered or extended. However, for termination purposes under 1026.15 and 1026.23, the term also includes a natural person in whose principal residence a security interest is or will be retained or acquired, if that person 's participation in the home ownership is or will be subject to to the security interest.. ( 11 ) Consumer means a cardholder or natural person to whom consumer credit is offered or extended. However, for termination purposes under. 1026.15 and 1026.23, the term also includes a natural person in whose main home a security interest is retained or will be acquired, if that person 's ownership interest in the home is or will be subject to Security Interest. For purposes of 1026.20 ( c ) through ( e ), 1026.36 ( c ), 1026.39 and 1026.41, the term includes a confirmed successor in interest. ( 12 ) Consumer credit means credit offered or granted to a consumer primarily for personal, family, or household purposes. Nothing prevented them from extending the requested credit on my behalf. I am the consumer, I am the natural person and I am not allegedly obligated.

Company response to consumer: Closed with explanation