Consumer complaint received 2025-04-23 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: TOYOTA MOTOR CREDIT CORPORATION
State: WI

Complaint narrative:
Notice to Principal is Notice to Agent ; Notice to Agent is Notice to Principal. I, XXXX XXXX XXXX, a living, breathing, private man, not a corporation, not a legal fiction, and not subject to the statutes or codes of any corporate municipal government, hereby give you formal NOTICE and DEMAND for immediate remedy regarding the fraudulently alleged debt tied to XXXX XXXX XXXXXXXX, XXXX : XXXX. I hereby challenge, rebut, and refute your unlawful actions and misrepresentations as outlined in your recent response and stand on my prior unrebutted Affidavit and notices. Let it be known : I lawfully rescinded the contract pursuant to my right under 15 U.S.C. 1635 and 12 CFR 1026.23. You were legally obligated to return my property, terminate the lien, and cease collection activity within 20 days of receipt. Instead, you ignored the law, dishonored lawful instruments, and unlawfully seized the property. Your response claims you will only accept payments in U.S. Dollars, yet I tendered a lawful negotiable instrument under UCC Articles 3 and 4. You failed to return it with a notice of dishonor and have not provided any verified rebuttal with specificity. Under UCC 3-501 and 3-505, if a negotiable instrument is dishonored, it must be returned with a valid reason. You kept the instrument, failed to identify any defect, and continued collection, violating both commercial law and public policy. Am I to understand that your fraud department is willfully ignoring public policy, the Uniform Commercial Code, and the Truth in Lending Act by rejecting lawful tender while offering no rebuttal in law? The debt has been sold to XXXX XXXX XXXX for {$12000.00}, as confirmed. Therefore, TOYOTA has no claim or standing to collect on an asset they have sold and assigned. How can you maintain the position that the debt is owed to Toyota when your own records and actions show it has been sold, transferred, and charged off? You are now attempting double-dippingclaiming a debt you already sold. Furthermore, I have attached IRS Forms XXXX, XXXX, and XXXX confirming that the account has been XXXX and settledthose filings were made against XXXXXXXX XXXX XXXX pursuant to 26 U.S. Code 6045, 6049, and 6050J for record. Under 26 U.S. Code 6050P, once a debt is charged off and assigned or forgiven, a 1099-C or equivalent instrument must be issued and the debt treated as discharged. I demand you immediately return my private property, remove all derogatory reporting, and issue formal proof of dishonor regarding the negotiable instrument you fraudulently retained. Failure to do so will constitute your tacit agreement and commercial acquiescence that the debt is settled, and your entity is operating in bad faith and commercial fraud. You did not provide the original wet ink contract ; a photocopy is not legally sufficient, nor did you rebut the fact that I reserved all rights under XXXX XXXX and rescinded the contract under TILA. I demand immediate return of my property, the 2021 Toyota XXXX, VIN : XXXX, or compensation in the amount of {$100000.00} for unlawful seizure, dishonor, fraud, defamation of credit, and injury to livelihood. You have 10 days from the date of receipt of this notice to cure your dishonor and return my property or provide lawful justification under penalty of perjury, supported by verified evidence, affidavit, and full accounting. Let it be known : your failure to perform as required under UCC, TILA, FCRA, FDCPA, HJR-192, and applicable commercial law will result in further legal actions, including referral to the IRS, FINCEN, and the U.S. Attorney for mail fraud, wire fraud, and financial deception. I reserve all rights, remedies, and protections under UCC 1-103, 1-308, and all applicable laws, nunc pro tunc. Govern yourselves accordingly. Without prejudice, UCC 1-308. XXXX XXXX XXXX, Principal, XXXX, XXXX.

Company response to consumer: Closed with explanation