Consumer complaint received 2025-01-11 00:00:00
Product: Debt collection — I do not know
Issue: Attempts to collect debt not owed — Debt is not yours
Company: LD Holdings Group, LLC
State: CA

Complaint narrative:
To whom it may concern Please accept this letter as my official complaint against loanDepot, LLC with the Consumer Financial Protection Bureau ( CFPB ) for unlawfully terminating my employment and demanding that I pay {$14000.00} to loanDepot for employment ending before the fulfilled contingency pursuant to Loan Depots Loan Consultant Offer letter. Please see attached :. 









On XX/XX/XXXX I entered into an employment contract with loanDepot that they have unlawfully violated. 
Per the contract, I must remain employed with Loan Depot for a period of XXXX XXXX. 
Which I intended to fulfill, I had no intention of leaving loanDepot prior to my XXXX agreement. I was Involuntarily Terminated by XXXX XXXX at loanDepot prior to my XXXX agreement on XX/XX/XXXX. Therefore, loanDepot terminated the XXXX agreement, ( NOT ME ). Please see attached : In addition, loanDepots H/R Department falsified the Notice to Employee As to Change in Relationship form to select : Voluntary quit effective : XX/XX/XXXX. 
Please see attached : I never gave notice to quit, I never provided a written statement to quit, nor did I ever sign the Notice to Change form that was sent to me requesting that I sign the Change in Relationship document. I never signed these forms because, I do not agree with them, I never gave notice to quit. I was terminated. 



















In addition Loan Depot agreed to advance me a total of {$16000.00} in payments of {$4000.00} per month for four months ; XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, and XX/XX/XXXX. ( This I agree to ) In return I would need to meet the following criteria during my 12 month employment : Monthly Origination & Funded Volume- Units : XX/XX/XXXX Funding ( {$250000.00} ) XX/XX/XXXX Funding ( {$250000.00} ) XXXX XXXX Funding ( {$250000.00} ) XX/XX/XXXX Funding ( {$250000.00} ) ( {>= $1,000,000} ) Loan Depots Pre-determined Minimum loan production for me, XXXX XXXX XXXX in XXXX was {>= $1,000,000}. 
( {$250000.00} X XXXX = {>= $1,000,000} ) Per the breakdown that was sent to me on XX/XX/XXXX from the loanDepot investment recovery team, my production during employment with Loan Depot is as follows : In total my production was {>= $1,000,000}. If I divide the total production by 12 months, my average loan amount comes to {$280000.00}. 

If I multiply {$280000.00} times 12 months, My Production Loan Volume with Loan Depot was : {>= $1,000,000} Prior to being terminated. 
Loan Depot Minimum Annual Production Requirements for me was {>= $1,000,000}. 
Therefore, I was {$280000.00} over My XXXX Production Requirements with Loan Depot XXXX XXXX was only employed with Loan Depot for XXXX months, ending XX/XX/XXXX. 

Furthermore, there is no indication as to how loanDepot came about this guaranteed obligation. Not only has loanDepot been more than compensated through my employment. 
They have a specialized department that harasses and intimidates defenseless mortgage loan originators, for money that is not owed to them. I think it is appalling and absolutely disgusting. 

Respectfully Submitted, XXXX XXXX

Company response to consumer: Closed with explanation