Consumer complaint received 2022-10-23
Company: CCS Financial Services, Inc.
State: RI
Product: Debt collection
Sub-product: Other debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt is not yours

Complaint:
back on XX/XX/XXXX. I sent a letter to CCS Collection Services as Follows : CCS COLLECTIONS XXXX XXXX XXXX XXXX, MA XXXX re account # ending in XXXX Dear collections agency This is a dispute letter to show XXXX XXXX XXXX XXXX  are not creditors and should not be listed on my consumer credit report. 

Using as an example XXXX XXXX XXXX vs. XXXX XXXX XXXX XXXX. XXXX XXXX. XXXX  XXXX XXXX XX/XX/XXXX- XX/XX/XXXX, XXXX XXXX. 

And it says : To the limited extent to which it is set forth in the declaration the transaction before us is similar to that in the XXXX case. There the insured was offered a plan under which the annual premium could be paid in XXXX installments with a down payment of XXXX percent plus a flat monthly service charge. If an installment were not paid when due, the sole remedy available to the insurer was cancellation of the policy. Indeed, in the event of cancellation for any reason, the insurer could make no claim for any premium earned for coverage already provided but not paid for by the insured. The court concluded that the insurer was not a creditor of the insured, that the transaction was not a consumer credit transaction and was not subject to the XXXX XXXX. XXXX v. XXXX XXXX. XXXX, It also states : the Federal Reserve Board have consistently taken the position that insurance premium financing plans " in which the customer is not obligated to make remaining payments but may elect to cancel at any time by simply not paying an installment when due, would not create the creditor-debtor relationship required before a transaction becomes subject to [ the disclosure requirements of ] Regulation Z. '' XXXX XXXX of XX/XX/XXXX Now as per the following U.S. Codes : 1 ) 15 U.S. Code 1681a - Definitions ; rules of construction ( 2 ) Exclusions. Except as provided in paragraph ( 3 ), the term consumer report does not include ( A ) subject to section 1681s3 of this title, any ( I ) report containing information solely as to transactions or experiences between the XXXX XXXX XXXX and XXXX XXXX XXXX XXXX making the report. 

2 ) 15 U.S. Code 1681b - Permissible purposes of consumer reports ( 2 ) Disclosure to consumer ( A ) In general Except as provided in subparagraph ( B ), a person may not procure a consumer report, or cause a consumer report to be procured, for employment purposes with respect to any consumer, unless ( ii ) the consumer has authorized in writing ( which authorization may be made on the document referred to in clause ( i ) ) the procurement of the report by that person ( And no one there has been authorized in writing to do so. ) With that being said you have five business days to remove any and all traces of this from all 3 agencies if not done in 5 business days I will meet with my attorney to discuss further action. 


Best Regards, XXXX XXXX : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Prejudice XXXX All Natural Inalienable Rights Reserved

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation