Consumer complaint received 2025-03-13 00:00:00
Product: Debt collection — I do not know
Issue: Attempts to collect debt not owed — Debt is not yours
Company: Self Financial Inc.
State: GA

Complaint narrative:
I have a complaint against LEAD BANK XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX. My consumer credit report states that an account was opened with this XXXX entity on XX/XX/year>. I have not taken out any loan. This is fraudulent on my behalf. I never did any application. My credit file has been locked for some time. 
I found this on my XXXX report. LEAD BANK what kind of loan is this? 
To get to the bottom line of this mishaps, there are inquiries I need answers too.

1. Who opened this account in my name?

2. What type of loan is this?

3. What is the economics of the transaction?

4. When was the submission for the application?

5. Did you know someone stolen my identity to open this account?

6. Who funded this alleged loan, was it the borrower or the bank? 7. Did LEAD BANK conceals that there is a loan from me to the bank exchanged for a l
oan from the bank back to me?

8. How did LEAD BANK get my non-public information, like my name, social security number, date of birth, accurate address or anything else pertaining to me without my consent or permission? I did not give you my information, how did you get it?

9. Is there an alleged clearing account opened in my name and the money in there remains my money, subject to security interests granted in favor of the lender?

10. Do you have a legitimate contract with me, XXXX XXXX to collect this stolen identified debt? 
11.Is it true, when a borrower signs a promissory note, that the promissory note is used as a bank asset to give value to a bank loan check or similar instrument or credit to a bank account, resulting in a new bank asset and a new bank liability?

12. If an accountant at LEAD BANK examined the banks balance sheet and saw this promissory note as a bank asset offset by bank liability, would that accountant know that LEAD BANK recorded the promissory note as a loan from the borrower to the bank and would it show that LEAD BANK never loaned one cent of legal tender?

13. Can you provide me the full bookkeeping entries to this stolen loan per XXXX? 
14. Can you explain to me the full details of the terms and conditions of this agreement without concealing any material facts?

15. LEAD BANK when you created this alleged loan did you credited the borrowers account, known as the Demand Deposit Account or Clearing Accounting and does it reflects on the banks balance sheet as an increase in both assets and liabilities, the same as the alleged loan that was created?

16. The cash that was credited to the Borrowers account, what happened to it?

Does it become a deposit now?

17. Does the agreement have an economic effect on the borrower?

18. Was the promissory note used to give value to the bank loan check and did LEAD BANK used other depositors money to fund the loan?

19. Is LEAD BANK using a different account for loan disbursement than what the borrower had initially agreed to? 
Can you give me details about the account without concealing any material facts? What is the account number, the type of account and all of the transactions that has occurred on it?

20. Did LEAD BANK lend the borrower, LEAD BANKs money?

21. If LEAD BANK accepted cash or a promissory note from the borrower to give value to a bank loan check, should not the same economics apply to stop the economics similar to stealing, counterfeiting and swindling?

22. Is it true, that LEAD BANK violated the matching principle of XXXX and that if LEAD BANK accepted an asset from the borrower, LEAD BANK did not credited a liability account showing that LEAD BANK owed money to the borrower for the asset received from the borrower?

23. Is it true, that according to the agreement, the borrower agreed to economics similar to stealing, counterfeiting and swindling?

24. Is it true that, LEAD BANK converted the loan agreement by using the agreement and/or promissory note as value to give value to the bank loan check or similar instrument as proven by the bookkeeping entries, thus proving that the borrower funded the check, proving that LEAD BANK used false statements that LEAD BANKs money funded the bank loan check? 

LEAD BANK, if you refuse to answer these inquiries with detailed specific answers, I will presume that there is concealment of material facts and that the promissory note loan agreement has been altered and stolen and that the alleged borrower provided the the money that the alleged lender claims was lent to the alleged borrower.

Company response to consumer: Closed with explanation