Consumer complaint received 2025-07-27 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: NJ

Complaint narrative:
NOTICE OF FRAUDULENT CREDIT REPORTING, SECURITIZATION MISCONDUCT & DEMAND FOR IMMEDIATE TRADE-LINE DELETION I. FORMAL DECLARATION AND NOTICE This Notice is served upon Toyota Motor Credit Corporation ( XXXX  ) and Toyota Financial Services ( XXXX  ) as formal notification that your entities have engaged in intentional misrepresentation, fraudulent credit reporting, and deceptive securitization practices in violation of : Fair Credit Reporting Act ( 15 U.S.C. 1681 et seq. ) Privacy Act ( Public Law 93-579 ) Lanham Act ( 15 U.S.C. 1114, 1125 ) Applicable Federal and State Consumer Protection Laws Both XXXX  and XXXX  have knowingly furnished false, misleading, and inaccurate credit data to consumer reporting agencies ( CRAs ) concerning account ending : XXXX and XXXX, despite securitization and removal of the underlying receivables from your ownership and balance sheet. 

II. TOYOTAS SECURITIZATION OF RECEIVABLES LOSS OF OWNERSHIP & STANDING XXXX XXXX and XXXX 's own filings with the Securities and Exchange Commission ( SEC ) and public credit rating agencies confirm that XXXX routinely sells, transfers, and assigns retail and lease receivables to bankruptcy-remote Special Purpose Vehicles ( SPVs ), including but not limited to : XXXX XXXX XXXX Owner XXXX XXXX XXXX XXXX XXXX  Extended Note Trust XXXX XXXX XXXX XXXX  XXXX Owner Trust From SEC Form 10-D : XXXX XXXX XXXX XXXX  XXXX ( XXXX ) transfers receivables into XXXX XXXX XXXX XXXX Owner Trust, which issues asset-backed securities to investors. 

From XXXX & XXXX Presale Report : XXXX XXXX XXXX XXXX acts as originator, servicer, and sponsor, with XXXX transferred to the Owner Trust for issuance of asset-backed notes totaling {$1.00} XXXX. 

Upon securitization, XXXX no longer retains any beneficial or legal interest in the alleged receivables. These assets are removed from XXXX balance sheet in accordance with GAAP, as confirmed in XXXXs Form 10-K. Any claim of amount due or balance owed is therefore patently false and constitutes fraudulent misrepresentation.

III. FALSE LATE PAYMENTS AND CHARGE-OFF REPORTING & PROOF REQUIREMENT XXXX  's and XXXX 's records reflect one account reporting inaccurate missed/late payments on or about XXXX and XX/XX/XXXX, XXXX and XX/XX/XXXX, XXXX, XXXX, XXXX, XXXX, and XX/XX/XXXX, with last " late payment '' reporting on or about XX/XX/XXXX. The other account inaccurately reporting as open and charged-off simultaneously showing alleged missed/late payments XXXX through XXXX of XXXX. However, GAAP principles dictate that a charge-off represents a full write-off, leaving a {$0.00} balance. Additionally, the charged-off account has been sold by XXXX  to a third-party junk debt buyer company XXXX XXXX XXXX XXXX based out of XXXX XXXX XXXX NJ on or about XXXX, XXXX proving the account data, trade-line, and information has been sold for monetary gain and unjust enrichment by XXXX, violating my right to privacy, and is grounds for aggravated identity theft, unjust enrichment, deceptive trade practices, and trademark infringement. 

Accordingly : Any reporting of a balance above {$0.00} after XXXX, XXXX is knowingly false and misleading. 

For each subsequent month such false reporting appears, XXXX  are hereby demanded to produce admissible evidence validated under oath by a competent witness under penalty of perjury proving the lawful existence of any outstanding obligation. 

Failure to comply within fifteen ( 15 ) calendar days will result in the enforcement of a contractual penalty : A fee of {$5000.00} USD per month shall accrue for every month beyond XXXX, XXXX that the false trade-line persists. 

IV. DECEPTIVE AND BAD FAITH CONDUCT XXXX XXXX actions constitute : Unjust Enrichment Profiting from securitization and attempting double recovery through credit reporting harassment. 

Aggravated Identity Theft ( 18 U.S.C. 1028A ) Exploiting my personal and trademarked information for commercial gain without consent. 

Trademark Infringement Unauthorized use of my federally registered trade name ( USPTO Serial No. [ Insert ] ) in violation of the Lanham Act. 

V. CASE LAW SUPPORT XXXX v. XXXX, XXXX XXXX XXXX ( XXXX ) Assignment of a debt extinguishes original creditor interest. 

XXXX v. XXXX, XXXX XXXX XXXX ( XXXX ) Assignments impact creditor rights and standing. 

XXXX  XXXX XXXX XXXX, XXXX S.Ct. XXXX ( XXXX ) Inaccurate credit reporting constitutes concrete harm actionable under FCRA. 

VI. ARBITRATION NOTICE This matter is subject to mandatory arbitration, and a case is pending initiation. Any continued false reporting during arbitration will be treated as retaliation and obstruction, warranting escalation to federal court for violations of : FCRA, FDCPA, Privacy Act, Lanham Act Aggravated Identity Theft Unjust Enrichment & Fraudulent Misrepresentation VII. DEMAND FOR IMMEDIATE ACTION TFS/TMCC are hereby demanded to : IMMEDIATELY DELETE AND REMOVE all Toyota-related trade-lines from any and all CRAs in perpetuity.

CEASE AND DESIST any further unauthorized use of personal or trademarked data.

Provide written confirmation of compliance within fifteen ( 15 ) days.

Non-compliance will result in federal litigation seeking statutory, actual, and punitive damages, plus costs and sanctions.

Company response to consumer: Closed with explanation