Consumer complaint received 2023-06-28
Company: FC HoldCo LLC
State: TX
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Credit denial

Complaint:
I the consumer and natural person, was denied credit by FLAGSHIP CREDIT ACCEPTANCE when I applied for a AUTO LOAN. 
Adverse action against a consumer is AGAINST THE LAW according to the Equal Credit Opportunity Act which is codified in 15 U.S.C 1691c and is pursuant to civil liability unde

r 15 U.S.C 1692k. You are subject to criminally liability for
violating 15 U.S.C 1691 as I have proof what i was discriminated against by FLAGSHIP CREDIT ACCEPTANCE due to the inquiry I received. 
FLAGSHIP CREDIT ACCEPTANCE is in violation of 15 U.S. Code 1642, U.S.C 1681m and 12 cfr 1002 because I, the consumer, made an application in good faith, but credit was not issued. 
Furthermore. because my social security number ( credit card ) was used and i received NO benefit. This is proof of fraudulent activity ( unauthorized use of credit card ) on behalf of FLAGSHIP CREDIT ACCEPTANCE. 

This denial is illegal according to the equal credit opportunity act, which is codified in 15 USC 1691 ( c ) & is persuant to civil liability under 15 USC 1692 ( k ) I am pursuant to 15 USC 1602 ( l ) The term credit card was used to initiate the consumer credit transaction. I am also the cardholder and the holder in due course. Pursuant to 15 USC 1602 ( n ) the credit card ( social security card/number ) was provided by me to initiatethe transaction. It is not possible to be denied with credit Ive provided. Again I am the holder and due course and pursuant to 15 USC 1681 ( a ). The term adverse action never mentions the consumer being denied credit because it is impossible to be denied credit in which I am granting your company. The right to extend credit in pursuant to 15 USC 1602 the term credit means the right granted by a creditor to a debtor to defer payments of debt or to incur debt in deferrers payments.

Pursuant to 15 USC 1611 FLAGSHIP CREDIT ACCEPTANCE isgiving me false and inaccurate information willingly and knowingly because this information is public there is no excuse to break this law. 

Credit is my right and I am the individual who regularly extends credit in the connection with loans and Pursuant to 15 USC 1602 ( g ) I am the original creditor and I am well aware of my rights. I know that reporting to the consumer reporting agencies is voluntary. This is a private transaction and this is an unfavorable situation to me as the consumer.I am credit worthy and this is a consumer credit transaction. By law credit worthiness is left up to assumption and by stating that I am credit worthy removes the need for assumption. I am stating this as fact. 


Nowhere in the term adverse action defined within the FCRA does it mention that a natural person can be denied credit. So as an original creditor it is not lawful to be denied my right to grant credit. Furthermore my credit was used and I received no benefit from the use of my credit. Any inquiry populated on my consumer report which is a receipt of a transaction meaning someone was paid off of my credit and I received no benefit from it at all. In fact damages were done from the denial of my rights mentally and financially. 


12 CFR Part 1002 Equal Credit Opportunity Act Regulation B States that if Im denied an extension of my credit, this can be classified as discrimination. I understand that you may disagree but this is law and subject to criminal liability.This denial is illegal according to the equal credit opportunity act, which is codified in 15 USC 1691 ( c ) & is pursuant to civil liability under 15 USC 1692 ( k ) I have been discriminated against and there are no federal laws that state a credit score can deny me my right to extend credit. I am in good faith exercising my rights and I the natural person have been discriminated against Pursuant to 15 US Code 1691 Scope of prohibition A ) activities constituting discrimination, it is unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction- 1 ) on the basis of race, color, religion, national origin, sex out martirial status 2 ) because all or part of the applicants income derives from any public assistance program : or 3 ) because the applicant has in good faith exercises any right under this chapter 15 USC 1691 of the Equal Credit Opportunity Act states that it shall be unlawful for any creditor to discriminate against any applicant with respect to any aspect of a credit transaction. For the damages that have been done to my mental distress and financial reputation, as I take my consumer report and life seriously. I will take this to a federal level if my request to open the account in which adverse action has taken place. I am aware of my open end credit plan, my right to contract unlimited without being denied. I demand your company reinvestigate this matter, abide by federal law and open up the account in which Ive extended credit.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation