Credit reporting or other personal consumer reports -- Problem with a company's investigation into an existing problem -- Complaint #11164802
Complaint Overview
Complaint ID: 11164802
Company: Lobel Financial Corporation
Product: Credit reporting or other personal consumer reports
Sub-Product: Credit reporting
Issue: Problem with a company's investigation into an existing problem
Sub-Issue: Their investigation did not fix an error on your report
State: California
ZIP Code: 95827
Date Received: 2024-12-15T12:00:00-05:00
Date Sent to Company: 2024-12-16T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
Account Current LOBEL FINANCIAL CORP has reported Positive Activity : Account Current. XX/XX/XXXX Well done! Your account is now reported as current. It was previously reported as late. You're well on your way to improving your credit health. Source : XXXX XXXX : LOBEL FINANCIAL CORP Address : XXXX XXXX XXXX, XXXX, CA XXXX Current Status : ACCOUNT CURRENT Balance : {$8100.00} now Confirmation of Payment Request Received Payment Amount : {$930.00}, including service fee of {$5.00} Payment Date : XXXX XXXX, XXXX XXXX ET Payment Status : Approved Thank you. Lobel Financial. /-then PAID FOR THIS PreContract scam, THEY SAY THAT PART IS NOT COVERED. I specifically ask what is covered, when mechanic speaks with them, its not Covered like evert part, including the one they specifically told me was covered 4WD or AWD Vehicle OPTIONS : Air Conditioning Commercial Use +Day One Coverage +24 Months and Unlimited Miles. Drive Axle Electrical Fuel Seals & Gaskets Drive Battery Pack {$6000.00} Aggregate Limit Lift Kit & Tire Modification Service Drive ROADSIDE ASSISTANCE Full-TermDEDUCTIBLE {$100.00} {$0.00} CONTRACT PURCHASE DATE XX/XX/XXXX CONTRACT PUR PRICE : {$1600.00} SO NOT ONLY did. Lobel get a monthly premium of approximately {$350.00} but I was required to pay each month {$440.00} for the LDW coverage. This LDW coverage was in lieu of force-placing collateral-protection insurance and had been represented as a product where Lobel would pay for the cost of covered repairs and, in the event of a total vehicle loss, cancel the borrowers debt. Instead, They gave the run around n after roughly Five months at the collision repair shop, I was asked to get the car towed somewhere else Or pay storage fee, they tried but storage fees will be required car has been there nearly 6 months and Lobel was unprofessional and so i got car towed to mechanic shop. And thats when I realized i got cheated out of My pre contract add-on And immediately after leaving collision repair shop, its was reported Repossession, my Last payment of {$920.00} On XX/XX/XXXX Balance as of XX/XX/XXXX {$7400.00} Now I owe according to Lobel nearly XXXX dollars. I also will have to file a motion to reverse default judgement, I was completely unaware I was being sued, and still My credit continues to plummet because Lobel keeps reporting late payments to credit bureau with inaccurate dates for my payments and Amounts, and every time I Dispute they just keep winning and nothing happens rightfully on my End because here goes more interest fee And lates fees hiking The. Past due after the car was sold and wrote of a few time
Frequently Asked Questions
What is Complaint #11164802 about?
Complaint #11164802 was filed against Lobel Financial Corporation regarding Credit reporting or other personal consumer reports specifically about Problem with a company's investigation into an existing problem. It was received by the CFPB on 2024-12-15T12:00:00-05:00.
How did Lobel Financial Corporation respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Credit reporting or other personal consumer reports) and describe your issue in detail.
Can I see other complaints against Lobel Financial Corporation?
Yes, visit the Lobel Financial Corporation company profile at readthecomplaint.com/company/lobel-financial-corporation to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.