Debt collection -- Attempts to collect debt not owed -- Complaint #11771854
Complaint Overview
Complaint ID: 11771854
Company: Braviant Holdings, LLC
Product: Debt collection
Sub-Product: Other debt
Issue: Attempts to collect debt not owed
Sub-Issue: Debt is not yours
State: Washington
ZIP Code: XXXXX
Date Received: 2025-01-24T12:00:00-05:00
Date Sent to Company: 2025-01-24T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
Balance Credit IS A NON BANK LENDER who launders loans through XXXX BANK ( and other XXXX banks ) in order to attempt to evade state interest rate laws that forbid loans at such predatory rates. These XXXX Bank partners have been the subject of extensive complaints, as well as enforcement actions and private lawsuits. Collectively, the complaints against the loans enabled by the bank reveal : Lack of transparency around high interest rates Unaffordable loans that borrowers are unable to repay Receiving loans that they never applied for and identity theft XXXX debt collection tactics, including collecting debt not owed, failure to validate debts, harassment and abuse Credit reporting problems, including incorrect information and failure to respond to disputes and errors. XXXX Bank enables predatory loans and from allowing itself to be used by nonbank lenders to evade state consumer protection laws. This is illegal and currently under investigation and is also abusive lending practices by XXXX XXXX Bank. As indicated above, XXXX Bank helps number nonbank lenders make triple-digit XXXX loans in states where those loans are illegal such as XXXX XXXX XXXX Some of those lenders also use other banks in some states. ) These rent-a-bank schemes are of questionable legality.
Frequently Asked Questions
What is Complaint #11771854 about?
Complaint #11771854 was filed against Braviant Holdings, LLC regarding Debt collection specifically about Attempts to collect debt not owed. It was received by the CFPB on 2025-01-24T12:00:00-05:00.
How did Braviant Holdings, LLC 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 (Debt collection) and describe your issue in detail.
Can I see other complaints against Braviant Holdings, LLC?
Yes, visit the Braviant Holdings, LLC company profile at readthecomplaint.com/company/braviant-holdings-llc 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.