Consumer complaint received 2024-08-05 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Repossession — Loan balance remaining after the vehicle is repossessed and sold
Company: HYUNDAI CAPITAL AMERICA
State: OK

Complaint narrative:
Delete from Consumer report agency Car balance {$9000.00} XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX 
XXXX XXXX XXXX of wages damages due to repossession. 

NOTICE TO AGENT IS NOTICE TO PRINCIPAL NOTICE TO PRINCIPAL IS NOTICE TO AGENT I hope this letter finds you well. I am writing to bring to your attention a matter of significant concern regarding my Hyundai Motor Finance account. 

I want to emphasize my awareness of the arbitration provision outlined in the Hyundai Motor Finance Agreement. This provision establishes the requirement for arbitration as the preferred method of dispute resolution. By entering into the agreement, both parties have agreed to resolve any disputes through arbitration rather than litigation.

While I recognize the importance of arbitration as a means of dispute resolution, I also understand the potential costs and fees associated with initiating the arbitration process. It is with this understanding that i extend an opportunity to settle this matter amicabily, thereby avoiding the substantial expenses that would be incumed through arbitration I firmly believe that my rights as a consumer have been violated due to the inaccurate and unfair reporting on my credit card account. These actions have caused severe damage and hardships not only for myself but also for my family. Consequently, I have been unable to take care of myself and extend my credit, hindering my ability to secure a stable living environment.

Considering the gravity of the situation, I hereby demand compensation for actual damages in the amount of {$10000.00}. Furthermore, I kindly request the permanent deletion of any negative reporting associated with my credit card account or social security number. This would allow me to regain financial stability and protect my family from further hardships.

I've a right to privacy and credit information was sold to multiple companies I also have the right to recession for any charge used on my social security account number. I trust that you will review this matter with the utmost urgency and give it the attention it deserves.

Please be advised that failure to respond to this demand within a reasonable timeframe, eg, 15 days may leave me with no choice but to proceed with arbitration. I sincerely hope that we can reach a mutually satisfactory resolution before resorting to such measures.

Thank you for your prompt attention to this matter.

LII U.S. Code Title 15 CHAPTER 41 SUBCHAPTER I Part A 1611 Quick search by citation : Title enter title Section section 15 U.S. Code 1611 - Criminal liability for willful and knowing violation U.S. Code Notes Whoever willfully and knowingly ( 1 ) gives false or inaccurate information or fails to provide information which he is required to disclose under the provisions of this subchapter or any regulation issued thereunder, ( 2 ) uses any chart or table authorized by the Bureau under section 1606 of this title in such a manner as to consistently understate the annual percentage rate determined under section 1606 ( a ) ( 1 ) ( A ) of this title, or ( 3 ) otherwise fails to comply with any requirement imposed under this subchapter, shall be fined not more than {$5000.00} or imprisoned not more than one year, or both I never received a recession form I've the right to recession and it wasn't disclosed of the consumer credit transaction. Under 15 usc 1635 Under truth and lending disclosure We know for those that have been here for some time you guys are fairly new the finance charge is the sum of all charges some of them are charges me the total payments I need the total amount of all charges but granted they're still looking to continue to make month payments on something that's already been financed by someone that's already getting credited that's why we talk about the lending I misuse of one 's credit and that's why they talk about that you know let 's see it is the purpose of the subject to assure a meaningful disclosure of credit terms so that the consumer will need to prepare more revenue various credits and avoid the uninformed use of credit by why are we talking about avoiding the uninformed use of credit because on the use of our credit we would understand that we are the creditor do every single transaction with these that collectors and financial institution as one from and the rights therefore extend credit.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation