Vehicle loan or lease -- Getting a loan or lease -- Complaint #5242155
Complaint Overview
Complaint ID: 5242155
Company: Capital One Financial Corporation
Product: Vehicle loan or lease
Sub-Product: Loan
Issue: Getting a loan or lease
Sub-Issue: Fraudulent loan
State: Texas
ZIP Code: 752XX
Date Received: 2022-02-20T12:00:00-05:00
Date Sent to Company: 2022-02-20T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
It has come to my attention that XXXX XXXX XXXX, XXXX have violated my rights as a consumer. Before I go forward, I want to be clear any violations under Title 15 make contract null and void & will stand in federal court. On XX/XX/2021, I did a consumer credit transaction with XXXX XXXX dealership and extended my credit with a finance charge through Capital One Auto Finance. I'm the original creditor extending my credit using my credit card ( XXXX XXXX ) pursuant to 15 USC 1602 ( L ) but the creditor fraudulently financed me a car through this process. Pursuant to 15 USC 1605 ( a ) the finance charge which was included within my credit transaction should be the sum of all charges. Mind you the finance charge is a total of {$12000.00} exact but this dealership and XXXX XXXX gave me a total sale price of {$44000.00} ( see attachment for Exhibit A ). That is a total of {$32000.00} charged over the sum of all charges which is inaccurate and unfair credit card practice that utterly goes against this subchapter of the TILA ( Truth in Lending Act ). I the consumer was violated pursuant to 15 USC 1662 ( 2 ) advertising a down payment of {$5000.00}. Proof is in exhibit A. Pursuant to 15 USC 1605 ( c ) property damage & liability insurance premiums must be included in the finance charge. Proof is in Exhibit B. Pursuant to 15 USC 1611 ( 3 ) that is a criminal crime. XXXX willingly and knowingly provided false & inaccurate information because these laws are public. Ignorance of the law is no excuse. The responsible party shall be fined not more than {$5000.00} or imprisoned not more than one year, or BOTH!! The company failed to disclose my right to rescind pursuant 15 USC 1635 ( a ). Proof is in Exhibit A-E. Failing to do so will be charged double the finance charge. Sadly, this is fraud, so this contract is now void. CEASE AND DESIST ALL COMMUNICATION UNLESS IT IS TO CURE MY REMEDY.
Frequently Asked Questions
What is Complaint #5242155 about?
Complaint #5242155 was filed against Capital One Financial Corporation regarding Vehicle loan or lease specifically about Getting a loan or lease. It was received by the CFPB on 2022-02-20T12:00:00-05:00.
How did Capital One 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 (Vehicle loan or lease) and describe your issue in detail.
Can I see other complaints against Capital One Financial Corporation?
Yes, visit the Capital One Financial Corporation company profile at readthecomplaint.com/company/capital-one-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.