Consumer complaint received 2021-11-01
Company: Lendmark Financial Services
State: OH
Product: Debt collection
Sub-product: Auto debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt was paid

Complaint:
I myself only speaks for myself and act on behalf of my only. It is a fact that I am the consumer in fact as defined by law, It is a fact that my consumer rights have been violated so be it. On XX/XX/2021 I initiated in the purchase of a vehicle with XXXX XXXX XXXX and shown intrest in a vehicle and I asked how there process work for me to purchase on credit and immediately they began talkin about submitting a credit application and stating that the credit application is a loan application. The false and misleading representations started here. It is to my knowledge that there are no statue of limitations on fraud. I was told to put cash down as a deposit and downpayment to prevent them from giving another party interest in the vehicle. On XX/XX/2021, i returned to purchase the vehicle on credit but was told to do a credit application with there financial institution which is ( lendmark financial ). I entered into the consumer credit transaction with lendmark and they began immediately giving me false and misleading forms and using deceptive tactics to coerce payments from me that I believe is against the law under the FAIR DEBT COLLECTION PRACTICE ACT. I have the original bill of sale from XXXX XXXX XXXX that shows the vehicle is paid off and I owe nothing on the vehicle as well as a receipt showing they took XXXX $ cash from me which is a believe against the law under the truth in lending act. The bill of sale also states that there will be no liens on the vehicle but named lendmark as the lien holder on the vehicle. After which Lendmark coerce me into signing misleading and deceptive forms, one of them specifically states that they will be giving me proceeds of a loan that i will pick up from them which left me more confused and felt as if im being taken advantage of. I was applying to purchase a vehicle on credit and they forced a loan on me and the proceeds of that fraudelent loan was a {$15.00} check that I can and will upload. It is a fact that I do not consent to this fraudulent loan nor do I intend or paying it. Lendmark then proceeds to place an illegal lien on my vehicle attemptig to coerce payments to be made and used a lot of obscene and profane language on documents and sending me post cards stating that I owe a debt of over {$12000.00} which is false. This extention of credit was made pursuant to 16 cfr 433.1. It has been going on 6 months and I have not recieved my title to my property nor have I recieved the purchase money loan that was supposed to be issued to me the consumer pursuant to 16 cfr 433.1 ( D ). that I demand now. This company is engaging in racketeering, prohibited activities, and unfair and deceptive practices pursuant to 16 cfr 433.2, 18 usc 1341, 18 usc 1343, and 18 usc 1344. This company is also engaging in securities fraud pursuant to 18 usc 3301 improperly handling my chattel paper/ negotiable instruments. Please be advised I do intend to pursuing federal lawsuits to the fullest extent on this company as well as XXXX XXXX, XXXX XXXX XXXX and XXXX XXXX XXXX XXXX, associate general counsel.

Company response to consumer: Closed with explanation