Consumer complaint received 2022-03-16
Company: Bridgecrest Acceptance Corporation
State: PA
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Confusing or misleading advertising or marketing

Complaint:
It is on this date, XX/XX/XXXX, that I, XXXX, XXXX, XXXX who is a natural living being exercise my right to rescission. Upon reviewing my contract, obligations, and rights as a natural person operating in commerce, I noticed that there are several violations present which nullifies the contract pursuant 15 USC 1601 named Truth in Lending.

Per the congressional findings of TILA, It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit During the consummation of this contract, XXXX DID NOT DISCLOSE MY RIGHT TO RESCIND OR PROVIDED ME WITH A NOTICE. 

It is appropriate for me to assume that XXXX XXXX at XXXX intentionally withheld pertinent information to complete the sale. Thus, being the case, pursuant 15 USC 1635 I have the right to rescind my obligation and renege my initial consent to pursue the previous terms. It is clear you are not trustworthy and have predatorily conducted business in commerce. 



This title subchapter under 15 USC 1662 may be sited as the Truth and Lending Act that specified down payments should not be required or advertised to aid, promote, or assist or be connected directly or indirectly any extension of consumer credit. During the consummation of this contract, XXXX violated this law by advertising to me that I needed to make a down payment and not stating that my social security number was my consumer credit transaction. 


Per Effective, XX/XX/XXXX I am no longer responsible for any security interest, finance charge, or fees associated with this contract. I conclude this letter with a demand for you to cease and desist any collection of my initial down payment since you failed to mention that This title subchapter under 15 USC 1605 may be sited as the Truth and Lending Act that my finance charge was all I needed to complete the deal and that the CASH PAYMENT was only of benefit to you.

I also noticed that upon pulling my consumer report dated XX/XX/XXXX that your company Bridgecrest has been furnishing my information in various ways. If you havent been made aware, there are various laws in place to protect me as a consumer and to construct this business transaction. As a reminder you CAN NOT report/treat a payment on an open-ended credit plan as late for any reason. If you need direction, please refer to Title 15 USC 1666b. I would also like to bring forth another law pertinent to this letter ; 15 USC 1681 ( B ) where it states that I as a consumer would need to give you PERMISSION to furnish information on my behalf. To date I have not granted you to furnish anything regarding my consumer report. 
Due to the negligence and unfair misconduct of XXXX and your company Bridgecrest you must cease and desist the repossession of the XXXX XXXX XXXX immediately and any repossession of the car would be a violation under Title 15 USC 1692f ( 6 ) ( A ) and its subchapters which states that you are in violation if you attempt or threat to take any nonjudicial action to effect dispossession or disablement of my property which was an extension of my credit to you. Also I urge you to immediately cease and desist any enforcement of any tow truck company from locating my vehicle Failure to cease and desist the repossession of my vehicle and releasing any addresses, or locations related to me without my consent will be in violation of Title USC 1692b which states that you can not state I as a consumer owe any debt in attempt for them to repossess my vehicle. I also havent granted you consent to release any information regarding any of my consumer reports to any third parties and doing so will be in violation of my rights under Title 15 USC code 1692c and its subchapters. 

Your apparent deception and constant neglect to properly carry out your job has violated Fair Crediting Reporting Act and is costing me by ruining my reputation on my consumer report, defamation of my character, has made me lose important deals because of high interest rates that I would incur, intimidation due to fear that my car would be repossessed unfairly which caused me to miss work, mental anguish.

Remedies should include but not limited to : The below accounts should be deleted and marked ON TIME XXXX  Account # XXXX Under Title 15 USC 1640 ( a ) Civil Liabilit, since XXXX  failed to comply to laws and I as the consumer sustained damages : Bridgecrest must turn over the Title, registration of the XXXX XXXX XXXX vehicle, Refund any payment made and {$10.00} should be made payable to me the consumer Remit all payments to : XXXX XXXX XXXX XXXX XXXX  XXXX XXXX XXXX XXXX PA XXXX Kindly XXXX : XXXX Without prejudice, all natural inalienable rights reserved.

Company response to consumer: Closed with explanation