Vehicle loan or lease -- Getting a loan or lease -- Complaint #8180627
Complaint Overview
Complaint ID: 8180627
Company: Toyota Motor Credit Corporation
Product: Vehicle loan or lease
Sub-Product: Loan
Issue: Getting a loan or lease
Sub-Issue: Problem with signing the paperwork
State: Missouri
ZIP Code: XXXXX
Date Received: 2024-01-18T12:00:00-05:00
Date Sent to Company: 2024-01-18T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Servicemember
Consumer Narrative
On XX/XX/XXXX, as the original creditor, private investor I extended a security instrument to TFS in the form of a Receivable Retail Buyers Order. I did not extend a receivables to TFS to be determined by a consumer report instead, I sent a security in accordance with the SEC Act of 1933. I sent to TFS a valuable security instrument as a Receivable according to the TFS 424B2 filed with the SEC filed in accordance with SEC Rule 415 ( a ) ( 1 ) ( x ) as per 17 CFR 230.131 and the SEC Act of 1933. As a consumer in the midst of a consumer transaction for goods and services in good faith, TFS violated my rights in violation of the SEC Act of 1933 and 15 USC 1681a ( I ) ( 1 ) and the Privacy Rights Act of 1974 with my prior applications and receivables as well as this transaction with TFS as detailed in my attached response to the adverse action taken against me. I received an adverse action letter from the executive office of TFS accusing me of acting in dishonor dated XX/XX/XXXX stating that TFS is refusing to honor the retail buyers order based on the legal theory that I applied. This is misconception and deceit, as the private investor I was under the impression I was extending to TFS a receivable based upon the TFS 424B2 Offering to investors. The file is too large to attach to this complaint, but please refer to it as it was recently filed with the SEC and I reference it in my attached letter to the Office of Executive Principles. 15 U.S. Code 1681n - Civil liability for willful noncompliance By not fully complying with the terms I extended in the the receivables you are in violation of my consumer rights. Therefore, you now hold civil liability for willful noncompliance. 15 U.S. Code 1681o - Civil liability for negligent noncompliance Your negligent noncompliance by not extending to me the terms and condition that apply to your 424B2 as an investor, TFS is violating the rights that I am entitled as the investor as the original creditor/private investor as determined in your 424B2. The damages caused by your incompetency and fraud I have suffered negligence in my family household by not being able to acquire the necessity for my family. This is violation of my pursuit of happiness, I have been shamed, this damages my character reputation, causes XXXX XXXX and a great deal of stress. I have fully lost trust in the banking system by you making false claims and using false records and statement materials for the approval of credit ( 31 USC 3729 ). My prayer in relief, I ask that you fully restore all trust within the banking system by fully extending the credits to the consumer. My research, time spent reading your SEC filings looking for all of the fraud that is committed by TFS against the consumers, my labor of having to respond to your adverse action is valued at XXXX XXXXXXXX USD and I should be fully compensated for your willful, deliberate and conscious actions of securities fraud. If I am not fully giving all demands to restore faith and trust within this account receivables transaction, I will take civil actions for all damages caused by your negligence. The following is a demonstration of my loyalty to Toyota products and extending book-entry receivables in the past and the amount of value that each of my receivables has generated for the TMCC should be valued and appreciated. I purchased my first Toyota Product in XXXX a XXXX Lexus GS 300. Again in XXXX - XXXX Toyota 4-Runner Again in XXXX - Toyota 4-Runner XXXX - Toyota Sienna that you repossessed XXXX - Toyota 4-Runner I am definitely an investor with Toyota let the record show.
Frequently Asked Questions
What is Complaint #8180627 about?
Complaint #8180627 was filed against Toyota Motor Credit Corporation regarding Vehicle loan or lease specifically about Getting a loan or lease. It was received by the CFPB on 2024-01-18T12:00:00-05:00.
How did Toyota Motor Credit 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 Toyota Motor Credit Corporation?
Yes, visit the Toyota Motor Credit Corporation company profile at readthecomplaint.com/company/toyota-motor-credit-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.