Vehicle loan or lease -- Getting a loan or lease -- Complaint #6339877
Complaint Overview
Complaint ID: 6339877
Company: American Honda Finance CORP
Product: Vehicle loan or lease
Sub-Product: Loan
Issue: Getting a loan or lease
Sub-Issue: Fraudulent loan
State: Wisconsin
ZIP Code: 53212
Date Received: 2022-12-19T12:00:00-05:00
Date Sent to Company: 2022-12-19T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
On XX/XX/2022 American Honda finance failed to disclose that I have a right to rescind the credit consumer transaction, which is stated title XXXX subject XXXXAmerican Honda Finance also made it an obligation That I pay a Down payment in the amount of {$3000.00}, Federal law states that it is illegal to make a person pay for something that there beings financed for.American Honda Finance would then make it mandatory for me to pay for insurance out of pocket, which was {$980.00} from XXXX XXXX XXXX .According to title 15 Subsection 1605, the finance charge is the total of all charges, which means the insurance should have been included with the finance charges.
Frequently Asked Questions
What is Complaint #6339877 about?
Complaint #6339877 was filed against American Honda Finance CORP regarding Vehicle loan or lease specifically about Getting a loan or lease. It was received by the CFPB on 2022-12-19T12:00:00-05:00.
How did American Honda Finance CORP 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 American Honda Finance CORP?
Yes, visit the American Honda Finance CORP company profile at readthecomplaint.com/company/american-honda-finance-corp 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.