|
10643984
|
2024-10-31
|
Improper use of your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Improper use of your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Reporting company used your report improperly
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-10-31
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-31
|
| Consumer Consent Provided |
Consent not provided
|
|
|
11046138
|
2024-12-06
|
Problem with a company's investigation into an existing problem
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Problem with a company's investigation into an existing problem
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Difficulty submitting a dispute or getting information about a dispute over the phone
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-12-06
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-12-06
|
| Consumer Consent Provided |
Consent not provided
|
|
|
6100623
|
2022-10-18
|
Struggling to pay your loan
|
Vehicle loan or lease
|
|
| Issue |
Struggling to pay your loan
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Lender trying to repossess or disable the vehicle
|
| Sub Product |
Loan
|
| Date Received |
2022-10-18
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2022-10-18
|
| Company Public Response |
Company has responded to the consumer and the CFPB and chooses not to provide a public response
|
| Complaint What Happened |
I purchased a vehicle in XXXX of XXXX with a down payment of {$20000.00} I was originally told by the dealership that the internet rate would be 12 % only to later find out that it was 13.87 %. I hit a hardship where I had to make substantial repairs to the vehicle which cased me to fall behind on payments. I was 2 months behind on the payment as a result of this at the time. I was attempting to contact the lender who is XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX, MA XXXX. I was unsuccessful in my efforts to speak with them. Every time I called I got the automated service. The vehicle was repossessed on XX/XX/XXXX. Upon my attempts to pay my past due balances and retrieve my vehicle I was told that they would not accept the payment but instead wanted the entire balance owed on the loan which is {$32000.00}. I attempted numerous times to get in touch with someone in charge that could resolve the matter and was not able to. I believe that throughout this entire debacle I was handled incorrectly and harmed in several ways.
Sincerely, done in good faith all rights reserved. Authorized representative By : XXXX XXXX XXXX XXXX
|
| Consumer Consent Provided |
Consent provided
|
|
|
7287409
|
2023-07-21
|
Incorrect information on your report
|
Credit reporting, credit repair services, or other personal consumer reports
|
|
| Issue |
Incorrect information on your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting, credit repair services, or other personal consumer reports
|
| Sub Issue |
Information belongs to someone else
|
| Sub Product |
Credit reporting
|
| Date Received |
2023-07-21
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2023-07-21
|
| Consumer Consent Provided |
Consent not provided
|
|
|
10226685
|
2024-09-24
|
Struggling to pay your loan
|
Vehicle loan or lease
|
|
| Issue |
Struggling to pay your loan
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Denied request to lower payments
|
| Sub Product |
Loan
|
| Date Received |
2024-09-24
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-09-24
|
| Complaint What Happened |
On XX/XX/XXXX of the current year, my son and I took a car from a Dealer called The Taverna Collection located at XXXX XXXX XXXX XXXX, XXXX XXXX, Fl XXXX, the executive who attended us at that time was named XXXX XXXX XXXX.
XXXX days later the young Executive communicates with my son and tells him the need to sign a second contract ( XXXX XXXX ) because the first XXXX had some errors because they had made a mistake in the company that would finance the purchase, we agreed to the signing of the second contract with a second financier because we already had the car in our possession and the young man argued possible problems for him in his work, appealing to our sensitivities we ended up giving in. The next day the young man sends us a new text message because it was necessary for us to show up at the Dealer, at that time I was leaving for trips for personal reasons and it is my son who goes to said appointment pressured with threats that argued the return of the car if we did not attend, as my son told me that day there he was attended by the general XXXX of sales of the company, a man named XXXX XXXX in the company of another gentleman who asked him for the car key card and returned it to him as soon as I left and returned from the place, the reason for the meeting was to talk about the need to sign a third contract, which was electronically signed by me because I was out of town.
Now the reason for my complaint is that currently, XXXX weeks ago, they took the car from our entrance and the company that took it ( LENDBUZZ FUNDING LLC ), argues that it is due to non-payments in the last XXXX months of XXXX that we supposedly have a financing contract with them, the previous errors made me think that they were another financier and that the payments were being automatically discounted as they had told me it would be in the Dealer previously, these errors have caused a misunderstanding and in turn there was never a formal communication with the company Car financier, according to them they made calls but it is uncertain we did not even know for sure that they existed because the confusion made us think that it was another financier, after the confusion I discovered in my spam tray a couple of emails for late payments that were never read on time but no email or even introductory phone call at the end of our contract signing as is normally done to be sure of the terms and agreements previously signed without them, we never knew that they were the company that financed the car [ 2022 XXXX Model XXXX ( XXXX ) ], everything The above brought with it three-month delays in car payments. The company argues that it was in contact with us at some point which is uncertain never before we talked to them but until we got in touch after they took the car and tried to call the potential financiers, thus discovering that it was them, and in turn trying to fix the misunderstanding proposing to make a payment agreement with them whose solution at the beginning of the month is to pay {$2000.00} within XXXX days, in the last days they avoid calls and ignore in our case, they even hang up the calls, making it extremely impossible for us A solution that does not damage any of the parties. The mistakes made by the dealer with the execution of XXXX different contracts caused confusion in XXXX, added to the lack of communication and professionalism of the financing company that never formally presented itself and much less checking the terms and conditions of our supposed signed contract, along with my irresponsibility for not having been duly attentive to my duties as owner, for not having renounced at the time to the signing of XXXX additional contracts to the first and for having delegated my duties to my son because of my trip, were the reasons that led to abruptly stripping me Of the car and in turn have generated threats by the financing company with possible debts that they will send to XXXX and in this way ruin my XXXX XXXX due to mistakes made by all those involved, but for which no one wants to take responsibility, leaving all the blame on me and being the most affected party.
|
| Consumer Consent Provided |
Consent provided
|
|
|
10312840
|
2024-10-01
|
Problem with a company's investigation into an existing problem
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Problem with a company's investigation into an existing problem
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Their investigation did not fix an error on your report
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-10-01
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-01
|
| Consumer Consent Provided |
Consent not provided
|
|
|
10157115
|
2024-09-14
|
Managing the loan or lease
|
Vehicle loan or lease
|
|
| Issue |
Managing the loan or lease
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Problem with the interest rate
|
| Sub Product |
Loan
|
| Date Received |
2024-09-14
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-09-23
|
| Consumer Consent Provided |
Other
|
|
|
10208308
|
2024-09-22
|
Improper use of your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Improper use of your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Reporting company used your report improperly
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-09-22
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-09-22
|
| Consumer Consent Provided |
Consent not provided
|
|
|
10335696
|
2024-10-03
|
Incorrect information on your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Incorrect information on your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Account status incorrect
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-10-03
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-03
|
| Consumer Consent Provided |
Consent not provided
|
|
|
10374115
|
2024-10-07
|
Problem with a company's investigation into an existing problem
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Problem with a company's investigation into an existing problem
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Was not notified of investigation status or results
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-10-07
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-07
|
| Complaint What Happened |
I am writing to formally request a reinvestigation of late payment notations on my account LENDBUZZ # XXXX, referenced above, which were previously confirmed by your institution in response to a dispute initiated with the credit reporting agencies. The dates of the reported late payments are as follows :XX/XX/2023 XX/XX/2023 XX/XX/2023 XX/XX/2023 I respectfully request that the company reinvestigate these late payment entries under the provisions of the Fair Credit Reporting Act ( FCRA ), particularly focusing on the following : Accuracy and Completeness of Reporting - Under FCRA Section 611 ( a ), consumers have the right to request a reinvestigation of information on their credit reports. You are required to ensure that the information provided is accurate and verifiable, especially in light of FCRA Section 623 ( a ) ( 1 ) ( A ), which mandates that furnishers of information must not report information that they know or have reasonable cause to believe is inaccurate. Furthermore, under FCRA Section 611 ( a ) ( 5 ) ( A ), any unverifiable or inaccurate information must be corrected or deleted within 30 days of receipt of this reinvestigation request.
Reasonable Investigation Procedures- As outlined in FCRA Section 623 ( b ) ( 1 ), furnishers of information are required to conduct a reasonable investigation of disputes and must report the results to the consumer reporting agencies. If your records do not fully substantiate the late payment entries, these must be corrected and removed from my account and updated with the credit bureaus.
Validation of Billing Practices - Additionally, I request validation of compliance with 15 U.S.C. 1666 ( b ) concerning the timely mailing of periodic billing statements. It is my understanding that billing statements must be delivered not later than 21 days before the payment due date, per the Truth in Lending Act ( TILA ). I kindly ask that you provide documentation evidencing compliance with this requirement for the dates in question.
Procedures to Ensure Accuracy - Per 15 U.S.C. 1681e ( b ), consumer reporting agencies and furnishers are obligated to maintain reasonable procedures to ensure the maximum possible accuracy of the information being reported. I am requesting an explanation of the procedures your institution follows to guarantee the accuracy of the late payments reported to the credit bureaus.
Please provide a detailed response regarding your findings, including copies of all documents used to verify the late payments and the procedures followed during the reinvestigation.
|
| Consumer Consent Provided |
Consent provided
|
|
|
10428917
|
2024-10-11
|
Improper use of your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Improper use of your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Reporting company used your report improperly
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-10-11
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-11
|
| Consumer Consent Provided |
Consent not provided
|
|
|
10517227
|
2024-10-20
|
Written notification about debt
|
Debt collection
|
|
| Issue |
Written notification about debt
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Debt collection
|
| Sub Issue |
Didn't receive enough information to verify debt
|
| Sub Product |
Other debt
|
| Date Received |
2024-10-20
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-10-20
|
|
|
10029156
|
2024-09-05
|
Struggling to pay your loan
|
Vehicle loan or lease
|
|
| Issue |
Struggling to pay your loan
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Denied request to lower payments
|
| Sub Product |
Loan
|
| Date Received |
2024-09-05
|
| Submitted Via |
Phone
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-09-05
|
| Consumer Consent Provided |
N/A
|
|
|
7171115
|
2023-06-26
|
Managing the loan or lease
|
Vehicle loan or lease
|
|
| Issue |
Managing the loan or lease
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Problem with the interest rate
|
| Sub Product |
Loan
|
| Date Received |
2023-06-26
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2023-06-26
|
| Consumer Consent Provided |
Consent not provided
|
|
|
7210053
|
2023-07-05
|
Getting a loan or lease
|
Vehicle loan or lease
|
|
| Issue |
Getting a loan or lease
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Fraudulent loan
|
| Sub Product |
Loan
|
| Date Received |
2023-07-05
|
| Submitted Via |
Web
|
| Company Response |
Closed with monetary relief
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2023-07-05
|
| Complaint What Happened |
I finance a truck in XXXX dealer name XXXX XXXX XXXX give them XXXX in down payment more XXXX for plate My bank finance its Lend buzz Pass 2 months the dealer closed and never give my tags And I still make all monthly payments right Pass 6 months at day XX/XX/XXXX at XXXX XXXX a town company come and Towin take my car.
I stop by at police station the told me my car have been picking from the bank, I call the bank they says the dont have anything we this, I stop by at DMV the told me the car never has been transfer for my name and the car lend holding its not my bank its a credit union, all my personal items its inside the car iDs, SSN , drive license, bank cards. For me goo get my stuff I need to pay XXXX just for pick up my personal items.
For all this 6 months I us make alright payments XXXX a month they take my car I did the complain at DMV ( complain number XXXX
|
| Consumer Consent Provided |
Consent provided
|
|
|
6472669
|
2023-01-23
|
Incorrect information on your report
|
Credit reporting, credit repair services, or other personal consumer reports
|
|
| Issue |
Incorrect information on your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting, credit repair services, or other personal consumer reports
|
| Sub Issue |
Information belongs to someone else
|
| Sub Product |
Credit reporting
|
| Date Received |
2023-01-23
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2023-01-23
|
| Consumer Consent Provided |
Consent not provided
|
|
|
6472827
|
2023-01-23
|
Getting a loan or lease
|
Vehicle loan or lease
|
|
| Issue |
Getting a loan or lease
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Fraudulent loan
|
| Sub Product |
Loan
|
| Date Received |
2023-01-23
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2023-01-23
|
| Consumer Consent Provided |
Consent not provided
|
|
|
9929399
|
2024-08-26
|
Improper use of your report
|
Vehicle loan or lease
|
|
| Issue |
Improper use of your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Reporting company used your report improperly
|
| Sub Product |
Loan
|
| Date Received |
2024-08-26
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-09-13
|
| Consumer Consent Provided |
Consent not provided
|
|
|
4897708
|
2021-11-10
|
Getting a loan or lease
|
Vehicle loan or lease
|
|
| Issue |
Getting a loan or lease
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Credit denial
|
| Sub Product |
Loan
|
| Date Received |
2021-11-10
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2021-11-11
|
| Complaint What Happened |
Dear Lendbuzz Pursuant to 15 USC 1681A ( K ) your company Lendbuzz have taking adverse action against me On XXXX XXXX / 2021 Clearly where federal law states it is a violation of my consumer rights, its clearly states 15 USC 1681 B ( A ) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit. it doesnt mentions a denial of credit it only mentions being denied for insurance or employment 15 USC 1681 A ( K ) ( i ) ( ii ). Your company used my credit card ( AKA SSN ) 16 CFR 433.1 ( h ) Credit card issuer. A person who extends to cardholders the right to use a credit card in connection with purchases of goods or services. In a consumer credit transaction 12 CFR 1002.2 ( h ) Consumer credit means credit extended to a natural person primarily for personal, family, or household purposes. I did not received & benefit in this transaction which is identity theft Pursuant to CFR 1026.12 ( B ) ( 1 ) ( i ). Your Company Lendbuzz said in there letter that the reporting agency played no part in your company decision and cant supply specific reasons of why Lendbuzz denied me credit and then False and Misleading me the Consumer by saying your company Lendbuzz decision was based in a whole or in part on information that came from the consumer reporting agency which is XXXX. Pursuant to ECOA ( Equal Credit Opportunity Act ) Regulation that aims to give all legal individuals an equal opportunity to obtain loans and other types of credit from financial institutions/ lenders under Title 15 your company Lendbuzz are prohibit by lenders in any aspect of granting credit to an individual. The acts purpose is to prevent lenders from using race, color, sex, religion or other non- creditworthiness factors when evaluating a loan application, establishing terms of a loan, or any other aspect of credit transaction. Organizations that have shown a pattern of discrimination can have lawsuits brought against them by the Department of Justice. CFR 1002.7 Rules concerning extensions of credit ( a ) Individual accounts. A creditor shall not refuse to grant an individual account to a creditworthy applicant on the basis of sex, marital status, or any other prohibited basis Lendbuzz your False and Misleading me the Consumer your company accept my credit application but claim Your company Lendbuzz denied me the consumer credit Im giving you a opportunity to cure this matter 15 USC 1691 ( b ) Activities not constituting discrimination It shall not constitute discrimination for purposes of this subchapter for a creditor ( 1 ) to make an inquiry of marital status if such inquiry is for the purpose of ascertaining the creditors rights and remedies applicable to the particular extension of credit and not to discriminate in a determination of credit-worthiness.
12 CFR Part 1002 - Equal Credit Opportunity Act ( Regulation B ) Regulation B protects applicants from discrimination in any aspect of a credit transaction 15 U.S. Code 1691 - Scope of prohibition ( a ) Activities constituting discrimination It shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction ( 1 ) on the basis of race, color, religion, national origin, sex or marital status, or age ( provided the applicant has the capacity to contract ) ; ( 2 ) because all or part of the applicants income derives from any public assistance program ; or ( 3 ) because the applicant has in good faith exercised any right under this chapter.
|
| Consumer Consent Provided |
Consent provided
|
|
|
9299875
|
2024-06-19
|
Repossession
|
Vehicle loan or lease
|
|
| Issue |
Repossession
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
|
| Sub Issue |
Lender trying to repossess or disable the vehicle
|
| Sub Product |
Loan
|
| Date Received |
2024-06-19
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-06-19
|
| Complaint What Happened |
I was defrauded, Misrepresented and emotional damage Is there an agreement between XXXX and the Lendbuzz?
Do you believe the agreement encloses a lender and a borrower?
What do you believe the agreement is?
Does this agreement show the words borrower, lender, loan, interest, money or credits within this agreement?
According to your knowledge who was to loan to what to whom according to the written agreement?
Do you believe an ordinary person can use ordinary terms and understand this written agreement?
Do you believe you or your company legally own the promissory note and have the right to enforce payment from the borrower?
Does a {$16000.00} note have actual cash value of {$16000.00}? Actual cash value mean the note can be sold for {$16000.00} in the ordinary course of business?
So according to your understanding of the alleged agreement how much actual cash value must the bank loan to the borrower in order for the bank to legally fulfill the agreement and legally own the promissory note?
So according to your belief if the borrower signs the promissory note and the bank refuses to loan the borrower {$16000.00} actual cash value would the bank or the borrower own the promissory note? The borrower Do you believe the borrower agreed to provide the bank with {$16000.00} Of actual value which was then used to fund the {$16000.00} bank loan check back to the same borrower and then agreed to pay the bank back {$16000.00} plus interest?
So if this happened in your opinion would the bank legally own the promissory note and be able to force XXXX to pay the bank interest and principal payments?
Well is it bank policy that when a borrower receives a {$16000.00} bank loan the bank receives {$16000.00} actual cash value from the borrower that this gives value to a {$16000.00} bank loan check and then this check is returned to the borrower as a bank loan which the borrower must pay?
Is this normal policy?
Do you believe the agreement between XXXX and the bank is that I provide the bank with an actual cash value of {$16000.00} which is used to fund a {$16000.00} bank loan check back to myself which then am required to repay plus interest back to the same bank?
Did you not say earlier an ordinary person can use ordinary terms and can understand this written agreement?
Is there anything in this agreement showing that the borrower had knowledge or showing the borrower gave the bank permission or authorization for the bank to receive {$16000.00} In actual cash value from the borrower in the note and to use this to fund the {$16000.00} bank loan check which obligates the borrower to give the bank back {$16000.00} plus interest?
If the borrower provided the bank with actual cash value of {$16000.00} in the note which the bank used to fund the {$16000.00} check and return the check back to the alleged borrower as a bank loan check in your opinion did Bank loan {$16000.00} to the borrower?
So if a bank customer provides actual cash value of {$16000.00} to the bank and the banker returns {$16000.00} actual cash value back to the same customer is this a swap or exchange of {$16000.00} for {$16000.00}?
Did the agreement call for an exchange or swap for {$16000.00} for another {$16000.00} or did it call for a {$16000.00} loan?
Is LendBuzzs to follow the federal reserve bank policies and procedures when banks grant loans?
What is the standard bank book keeping entries for granting loans according to the federal reserve bank policies and procedures and now Ill hand you the banker Fed Publication entitled XXXX XXXX XXXX by The Federal Reserve Bank XXXX XXXX Is this a swap or exchange of actual cash value?
Does they not have both equal value?
So if the banks deposits or liabilities increase do the banks assets increase by an asset that has actual cash value?
Is there any exception?
So if the banker records a new deposit, and records a asset out of the banks books having actual cash value would the actual cash value always come from a customer of the bank, investor, or a lender to the bank?
Is the bank policy to record the promissory note as a bank asset offset by a new liability?
Does the promissory note have actual cash value equal to the amount of the bank loan check?
Then does this book keeping entry prove that the borrower provided actual cash value to fund the bank loan check?
How much actual cash value did the bank loan to obtain the promissory note?
Then how much actual cash value did the bank recieve from the borrower?
So is it true you recieved {$16000.00} actual cash value from the borrower plus monthly payments and then repossessed the vehicle and you never invested XXXX cent of legal tender or other depositors money to obtain the promissory note in the first place?
Is it true the borrower financed the whole transaction?
Are you telling me the borrower agreed to give the bank {$16000.00} actual cash value for free and the banker returned the actual cash value back to the borrower as a bank loan?
Do the standard Fed publications show the bank receives actual cash value from the borrower for free and that the bank returns it back to the borrower as a bank loan?
Do you believe the bank does this without the borrowers knowledge or written permission or authorization?
To the best of your knowledge is there written permission or authorization for the bank to transfer actual cash value {$16000.00} from the borrower to the bank and for the bank to keep it for free?
Does this allow the bank to use the {$16000.00} actual cash value to fund the {$16000.00} bank loan check back to the same borrower forcing the borrower to pay LENDBUZZ back plus interest?
Then if the bank transferred {$16000.00} actual cash value from the borrower to the bank in this part of the transaction did the bank loan anything of value to the borrower?
Is it the bank policy to first transfer the actual cash value from the alleged borrower to the lender for the amount of the alleged loan?
Does the bank pay actual irs tax on the actual cash value transferred from the alleged borrower to the bank as income?
If a loan is forgiven is it taxable?
Is it the bank policy to not return the actual cash value that they recieved from the alleged borrower unless it is returned as a loan from the bank to the alleged borrower?
You never payed taxes on the actual cash value you received from the alleged borrower and keep it as banks property?
When a lender receives actual cash value from the alleged borrower does the bank claim that it then owns it and then its the property of the lender without the bank loaning or risking XXXX cent of legal tender or other depositors money?
Are you telling me that banking policy is that the bank owns the promissory note which is the actual cash value without loaning once cent of other depositors money, or legal tender that the alleged borrower is the one who provided the funds deposited to fund the bank loan check and that the bank gets funds from the alleged borrower for free?
Is the money then returned back to the same person as a loan which the alleged borrower repays when the bank never came up with any of its own money to obtain the promissory note?
I gave you the equivalent of {$16000.00} you returned the funds back to me and I have to repay you {$16000.00} plus interest Does congress allow the banks to breach written agreements, use false and misleading advertising, act without written permission and authorization and without the alleged borrowers knowledge to transfer actual cash value from the alleged borrower to the bank and the return it back as a loan?
Is it true that the actual cash value that was used to fund the bank loan check came directly from the borrower and that the bank received the funds from the alleged borrower for free?
Is it the bank policy to transfer actual cash value from the alleged borrower to the bank and keep funds it as bank property which they then loan out as bank loans as if they actually own it and loaned their own money?
Was it the banks intent to recieve actual cash value from the borrower and return the value of the funds back to the borrower as a loan?
Do you believe that it was borrowers intent to fund his own bank loan check?
So if a lender loaned a borrower {$10000.00} and the borrower refused to pay do you believe the lender is damaged?
Is it the bank policy to take actual cash value from the borrower use it to fund the bank loan check and never return the actual cash value to the borrower?
Was the actual cash value the bank received from the alleged borrower returned of the money the bank took or was it returned as a bank loan to the borrower?
So how did the bank get the borrowers money for free?
Lendbuzz is an AI-based financial technology company that helps consumers obtain fair access to credit when purchasing a vehicle. Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit historya group underserved by traditional banks. Through our auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diversified customer base. Lendbuzz is headquartered in XXXX, Massachusetts and was founded in XXXX.
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| Consumer Consent Provided |
Consent provided
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|
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9267222
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2024-06-15
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Incorrect information on your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Incorrect information on your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Account status incorrect
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-06-15
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-06-15
|
| Consumer Consent Provided |
Consent not provided
|
|
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9020377
|
2024-05-15
|
Attempts to collect debt not owed
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Debt collection
|
|
| Issue |
Attempts to collect debt not owed
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Debt collection
|
| Sub Issue |
Debt was result of identity theft
|
| Sub Product |
I do not know
|
| Date Received |
2024-05-15
|
| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-05-17
|
| Consumer Consent Provided |
Consent not provided
|
|
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8599334
|
2024-03-21
|
Incorrect information on your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Incorrect information on your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Information belongs to someone else
|
| Sub Product |
Credit reporting
|
| Date Received |
2024-03-21
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| Submitted Via |
Web
|
| Company Response |
Closed with explanation
|
| Consumer Disputed |
N/A
|
| Date Sent To Company |
2024-03-21
|
| Consumer Consent Provided |
Consent not provided
|
|
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8402894
|
2024-02-22
|
Getting a loan or lease
|
Vehicle loan or lease
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|
| Issue |
Getting a loan or lease
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| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Vehicle loan or lease
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| Sub Issue |
Changes in terms mid-deal or after closing
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| Sub Product |
Loan
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| Date Received |
2024-02-22
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| Submitted Via |
Phone
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| Company Response |
Closed with explanation
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| Consumer Disputed |
N/A
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| Date Sent To Company |
2024-02-22
|
| Consumer Consent Provided |
N/A
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11926479
|
2025-02-04
|
Improper use of your report
|
Credit reporting or other personal consumer reports
|
|
| Issue |
Improper use of your report
|
| Timely |
Yes
|
| Company |
Lendbuzz Inc.
|
| Product |
Credit reporting or other personal consumer reports
|
| Sub Issue |
Reporting company used your report improperly
|
| Sub Product |
Credit reporting
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| Date Received |
2025-02-04
|
| Submitted Via |
Web
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| Company Response |
Closed with explanation
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| Consumer Disputed |
N/A
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| Date Sent To Company |
2025-02-04
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|
