Consumer complaint received 2022-06-29
Company: World Acceptance Corporation
State: GA
Product: Payday loan, title loan, or personal loan
Sub-product: Installment loan
Issue: Charged fees or interest you didn't expect

Complaint:
World Finance gave me a loan that was fraudulent Because there is no Lawful money, and it can't be a Loaned the Date of the alleged loan was XX/XX/2018. On the Consumer credit transaction, I extended my credit out to them with my Credit Card ( SSN ) under Federal law 15 USC 1602 ( I ) ( l ) The term credit card means any card, plate, coupon book or other credit device existing for the purpose of obtaining money, property, labor, or services on credit. Upon me looking at the Truth and Lending Statement I've found Fraud under ( T.I.L.A ) there's a Finance charge involved and I wasn't told that the Finance charge was the sum of all payments not in comparison to cash transaction under 15 USC 1605 ( a ) ( a ) Finance charge defined Except as otherwise provided in this section, the amount of the finance charge in connection with any consumer credit transaction shall be determined as the sum of all charges, payable directly or indirectly by the person to whom the credit is extended, and imposed directly or indirectly by the creditor as an incident to the extension of credit. The finance charge does not include charges of a type payable in a comparable cash transaction. The finance charge shall not include fees and amounts imposed by third party closing agents ( including settlement agents, attorneys, and escrow and title companies ) if the creditor does not require the imposition of the charges or the services provided and does not retain the charges. Examples of charges which are included in the finance charge include any of the following types of charges which are applicable : THEY BROKE THE LAW ALSO, NO DISCLOSURE WAS GIVEN TO ME REGARDING THE RIGHT OF RECESSION 15 USC 1635 ( A ) ( a ) Disclosure of obligors right to rescind Except as otherwise provided in this section, in the case of any consumer credit transaction ( including opening or increasing the credit limit for an open end credit plan ) in which a security interest, including any such interest arising by operation of law, is or will be retained or acquired in any property which is used as the principal dwelling of the person to whom credit is extended, the obligor shall have the right to rescind the transaction until midnight of the third business day following the consummation of the transaction or the delivery of the information and rescission forms required under this section together with a statement containing the material disclosures required under this subchapter, whichever is later, by notifying the creditor, in accordance with regulations of the Bureau, of his intention to do so. The creditor shall clearly and conspicuously disclose, in accordance with regulations of the Bureau, to any obligor in a transaction subject to this section the rights of the obligor under this section. The creditor shall also provide, in accordance with regulations of the Bureau, appropriate forms for the obligor to exercise his right to rescind any transaction subject to this section. 

I WANT THIS FRAUD ACCOUNT DELETED AND REMOVE ALL INFORMATION FROM THE CONSUMER REPORTING AGENCIES

Company response to consumer: Closed with explanation