Time Investment Corporation CFPB Complaints

2000 Latest Complaints

Date Received	Timely Response	Product	Issue	State / Zip	Submitted Via	Tags
08/23/2021	Yes	Debt collection I do not know	Took or threatened to take negative or legal action Seized or attempted to seize your property	NC 285XX	Web	Older American
Be it known to all who call themselves " government, '' their " courts, '' agents, and other parties, that I, XXXX XXXX, am a consumer whose consumer rights are to be protected by the FDCPA, TILA, and FCRA. I certify under penalty of perjury that the foregoing is true and correct. This statement of truth to be presented will display blatant acts of consumer rights protection violations and fraud against myself being a consumer by Time Investment Corporation T/A Time Financing Service located at XXXX XXXX XXXX XXXX, XXXX, NC, XXXX ; which will continuously be referred to as " Time Financing Service ''. Time Financing Service first violated federal per 15 USC 1692g ( a ) when on 8/13/2021 they failed to give prior notice of debt but instead chose to violate 15 USC 1692f by using unfair practices to collect a debt when the company filed a smalls claims suit against me at the XXXX County Courthouse located in XXXX NC. The sharing of this alleged debt with a 3rd party without prior consent from myself violates 15 USC 1692c ( b ). I also never gave Time financing Corporation prior consent to contact me about debt collection which violates 15 USC 1692c ( a ). The fact that time financing services is blatantly using deceptive means to attempt to collect an alleged debt violates 15 USC 1692e and has become harassment which violates 15 USC 1692d. I plan to report this harassment, slander, defamation of character, and violation of my consumer rights to the OCC, FTC, and NC State Attorney General office for the company 's poor and fraudulent practices when attempting to collect an alleged debt stemming from a consumer credit transaction. If Time Financing Services can not validate this debt then they must delete the account and stop all attempts to collect an alleged debt immediately to avoid the continuous violation of state and federal law that says I am not obligated to pay this alleged debt per public law chapter 48 stat. 112
03/19/2022	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Problem with a credit reporting company's investigation into an existing problem Their investigation did not fix an error on your report	NC 27106	Web
On XX/XX/2022 I sent a request to Time Financing services regarding a derogatory tradeline being listed on my credit report. It has been over 30 days since my dispute was received, and they have yet to send me any proof validating that I owe the debt. Not only did they not respond within the legal timeframe, they also did not mark the derogatory tradeline as disputed pursuant to the FCRA. Not only are they in violation of the FCRA and the FDCPA, but they are also in violation of the North Carolina General Statute Article 70 regarding debt collections. the NORTH CAROLINA DEBT COLLECTION ACT, NC.GENERAL STATUTE.CODE 58-70-01 et seq. which prohibits a debt collector or credit bureau from engaging in debt collection in North Carolina unless the debt collector or credit bureau has obtained a surety bond and filed a copy of the bond with the Office of the Secretary of State. The NORTH CAROLINA DEBT COLLECTION ACT ( NCDCA ) defines a debt collector as any person who directly or indirectly engages in debt collection and further applies to creditors attempting to collect their own debts. NC. GENERAL.STATUTE. CODE 58.70-15 ( b ). Furthermore, NC. GENERAL.STATUTE.58-70-01 states that a person, firm, corporation or association conducting or operating a collection agency without the permit shall be guilty of a class I felony. I am writing to advise you that Time Financing Services are in violation of NORTH CAROLINA DEBT COLLECTION ACT, NC. GENERAL.STATUTE.CODE 58-70-01 et seq. as well as the DECEPTIVE TRADE PRACTICES-CONSUMER PROTECTION ACT, SUBCHAPTER E. They must immediately delete the negative tradeline from my credit report due to their violation of local and federal laws.
04/20/2017	Yes	Consumer Loan Title loan	Lender repossessed or sold the vehicle	NC 28213	Web
I took out a title loan on XXXX / XXXX / XXXX with a company cal led Time Finance located in XXXX , NC. I ran into some financial hardships after completing XXXX XXXX XXXX , and was unable to find employment. As expected the company repossessed my vehicle. I have learned recently that they sold the vehicle at auction. When the loan was taken out they assigned a value to my vehicle that was more than the loan itself. With the repossession, I did n't fight it knowing that there was a balance owed that I was unsure would be paid. I assumed that the loan company could more than recoup its losses with the sale of the vehicle. I was not contacted to be notified of the sale, nor was there correspondence of the vehicle being repossessed. I just came out to find it gone. Later the agency reported to the credit bureaus that the account total was {$710.00} approximately. The entire loan amount was XXXX dollars, and at the point which payments stopped the balance was approximately XXXX . The company, when contacted, told me that they sold the car for {$250.00} at auction, and that the actual balance on the loan was XXXX dollars. I fail to understand how they arrived at these figures, and feel that the company has taken advantage of me. They not only took a source of transportation without notice, but they left me unable to secure means to make good on the loan. My life was left in shambles, and now they essentially want me to pay the full balance on the loan, not including the damages and payment they 've already gained.
08/29/2023	Yes	Payday loan, title loan, personal loan, or advance loan Installment loan	Charged fees or interest you didn't expect	NC 283XX	Web	Servicemember
I am writing to express my deep disappointment and frustration with the exorbitant interest rates that have been applied to my Time Finance loan. The recent statement I received has left me astounded by the high interest charges, which I find to be unreasonable and unexpected. When I initially entered into an agreement with Time Finance, I did so with the understanding that the interest rates would be fair and in line with industry standards. However, the current interest rate has far exceeded my expectations, making it increasingly challenging for me to manage my finances responsibly. I have always been a conscientious and diligent borrower, consistently making my payments on time and adhering to the terms and conditions of our agreement. Therefore, it is disheartening to see such high interest charges that are not aligned with the trust I have placed in Time Finance. I kindly request a review of my interest rates to bring them into a more reasonable and manageable range. I believe that fair treatment of customers, especially those who have demonstrated financial responsibility, is essential for maintaining a positive relationship between Time Finance and its clients. I am open to discussing this matter further and finding a resolution that benefits both parties. I hope that Time Finance values its customers ' financial well-being and will take steps to address this concern promptly. Thank you for your attention to this matter. I look forward to hearing from you soon.
04/05/2022	Yes	Debt collection I do not know	Communication tactics Used obscene, profane, or other abusive language	NC 28348	Web
I initially fell behind on my account due to Covid19 and asked for a deferral several times and have not received one. I have received multiple voicemails pertaining to this account which my friends and family have heard. Proprietary information should not be disclosed on my phones voicemail. Last voicemail I received was from branch manager XXXX you should know better considering where you work, this account will be charged off by the end of the month if we do not receive payment. AND DO NOT CALL BACK HEAR ASKING FOR IT TO BE REPEALED. This voicemail was intimidating and harassing. When I called and spoke to XXXX he specifically said YOU OWE ME MONEY. I replied I owe time financing, not you I asked for another deferral and he replied why would I give you one and you havent paid me in how many months? I replied, thats why you would give me one I advised XXXX to never talk to me like that again, I am not his child. I spoke with his supervisor XXXX and even provided him the voicemail nothing has happened. I have yet to receive any deferral and I have not been advised why I can not receive one. I am being discriminated against based on the XXXX of my skin, I sincerely believe minorities are being mistreated and it has a disparate impact on their credit report.
03/23/2022	Yes	Payday loan, title loan, or personal loan Installment loan	Struggling to pay your loan	NC 28348	Web
I initially fell behind on my account due to Covid19 and asked for a deferral several times and have not received one. I have received multiple voicemails pertaining to this account which my friends and family have heard. Proprietary information should not be disclosed on my phones voicemail. Last voicemail I received was from branch manager XXXX you should know better considering where you work, this account will be charged off by the end of the month if we do not receive payment. AND DO NOT CALL BACK HEAR ASKING FOR IT TO BE REPEALED. This voicemail was intimidating and XXXX. When I called and spoke to XXXX he specifically said YOU OWE ME MONEY. I replied I owe time financing, not you I asked for another deferral and he replied why would I give you one and you havent paid me in how many months? I replied, thats why you would give me one I advised XXXX to never talk to me like that again, I am not his child. I spoke with his supervisor XXXX and even provided him the voicemail nothing has happened. I have yet to receive any deferral and I have not been advised why I can not receive one. I am being XXXX against based on the XXXXXXXX XXXX XXXX XXXX I sincerely believe minorities are being mistreated and it has a disparate impact on their credit report.
03/29/2022	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Problem with a credit reporting company's investigation into an existing problem Their investigation did not fix an error on your report	NC 27106	Web
On XX/XX/22 I submitted a formal complaint against Time Financing Services regarding their violation of the Fair Credit Reporting and the Fair Debt Collection Practices act. I also requested validation of the debt they are reporting on my credit report. To this day, they have failed to provide validation of the debt. They have also failed to provide me with any steps taken to validate the debt. And have also failed to provide any proof that I have a contractual obligation to pay them. In their response to my original complaint they stated they do not have any record of me in their files. They also stated that they sent me a form to fill out to verify my identity. It is NOT MY JOB to do that. The burden of proof is on them. They have repeatedly failed to validate the debt, they have also failed to mark my credit report with dispute comments within 31 days of receiving my complaint. They are in violation of my consumer rights, they are also violating state law with their error in reporting. To add insult to injury, they didnt even bother to get my name right in their response. Shame on them!! Im also filing a complaint with the NC Attorneys General office regarding this issue.
09/29/2023	Yes	Credit reporting or other personal consumer reports Credit reporting	Improper use of your report Reporting company used your report improperly	NC 283XX	Web
After reviewing my credit profile on XX/XX/2023 \| identified a discrepancy with account listed under TIME FINANCING SERVICES and validation was requested as this was an account that I did not recognize. I reviewed my credit report again on XXXXand the account continues to reflect on my credit report and I have not received any correspondence from creditor to validate this account as correctly belonging to me, nor has my credit report been updated to reflect that the account is disputed and therefore a 2nd validation letter was sent out on this day. After reviewing credit report again on XX/XX/2023 there have been no updates and account is still reflecting on the report. I do not believe the account belongs to me nor do I believe that the creditor has authorization to access the account nor authorization to attempt to collect on the account and the account continues to negatively affect me. Please strike and remove this account from all 3 credit bureaus until adequate validation has been received proving that the account belongs to me and all information is correct.
03/09/2021	Yes	Debt collection I do not know	False statements or representation Attempted to collect wrong amount	NC 278XX	Web
Time Finance Service charged off the credit account on XX/XX/XXXX with the Charge off amount being {$840.00}. They have been increasing the balance of the account after it was charged off. Every month there is a charge of {$6.00}. The credit bureau reported on XX/XX/XXXX that the account balance was {$1200.00}. On XX/XX/XXXX, the account balance went up to {$1200.00}. An increase of {$6.00}. I understand that the account can be updated month to month but the balance isn't supposed to keep increasing after its charged off. I called the company on XX/XX/XXXX and asked them for a 1099 that shows the month to month balance of the account and they said " We don't pay you ''. I tried to get a copy of it, but they don't know what a 1099 is so it couldn't be provided. But I did provide attachments from the credit bureau showing these changes.
01/19/2022	Yes	Payday loan, title loan, or personal loan Installment loan	Charged fees or interest you didn't expect	NC 284XX	Web	Servicemember
time financing services XXXX XXXX XXXX XXXX XXXX Nc XXXX accountXXXX I walked into the business looking to get a loan for less than 1k. The agent looked at my credit and salary and said hey i can get you approved for XXXX. I accepted the loan. I paid on the loan for about a littler over year. I called them because i had some extra funds and wanted to apply it towards the account. They gave me the balance on the account and i still owed ok XXXX. I asked how was that possible when the original loan was only 5. They explained that my payment where only going towards the interest on loan. I am looking to purchase a home and showing my current balance on this loan is over 7k. When I only was loaned XXXX. I want to report this company for have predatory practices and have this removed from my report.
03/20/2023	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Improper use of your report Reporting company used your report improperly	NC 27565	Web
In accordance with the fair reporting act XXXX XXXX XXXX of XXXX XXXX Account XXXX has violated my rights. Code 1681 ( 2 ) a, i.has been violated. 15 USC 1681 section 602 states i have the right to privacy. 15 USC 1681section 604 A section 2 : it also states a consumer reporting agency can not furnish an account without my written instructions. 15 USC 1666B : a creditor may not treat a payment on a credit account under an open end consumer credit plan as late for any purpose.
04/09/2020	Yes	Payday loan, title loan, or personal loan Installment loan	Struggling to pay your loan	NC 278XX	Web
we are in the midst 0f the most horriffic times, COVID19, I have lost my job indefinate. I have asked for deferrment or forebearence, they are not receptive Aand seeem as if it is my fault for no Job, seems as if I recall an order being signed STAY HOME SOCIAL DISTANCING. I do XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX consumers especially the high risk and elderly do not and have said Not to enter our home, when you subcontract off a contractor, you dont have a choice.
01/18/2018	Yes	Payday loan, title loan, or personal loan Installment loan	Incorrect information on your report Account information incorrect	NC 27804	Web
Time finance is still reporting this old debt as open.. this account has been sold and paid in full by a 3 rd party ... I contact time finance and told them that this account was paid and should be removed from my credit report and the rep stated that the account still says I old owed them which is fraudulent this old account needs to be removed off my credit report
10/29/2023	Yes	Vehicle loan or lease Loan	Credit monitoring or identity theft protection services Problem canceling credit monitoring or identify theft protection service	NC 279XX	Web
Aggravated Identity Thief 15 USC 1681c-2 States Except as otherwise provided in this section, A consumer reporting agency shall block the reporting of any information in the file of a consumer that ; the consumer identifies as information that resulted from an alleged identity theft.
01/18/2018	Yes	Payday loan, title loan, or personal loan Personal line of credit	Problem with a credit reporting company's investigation into an existing problem Problem with personal statement of dispute	NC XXXXX	Web
Time finance is still reporting this account as its still open.. however the account is charge off and the reporting it with a open balance ... I have reach out to them and explaining to them that this account needs to be remove especially if they have already charged it off
09/21/2015	Yes	Consumer Loan Installment loan	Problems when you are unable to pay	NC 27616	Web
fell behind on pymnts and they have showed up to/ and called my home and my job even after I requested them to stop.
09/06/2023	Yes	Credit reporting or other personal consumer reports Credit reporting	Improper use of your report Credit inquiries on your report that you don't recognize	NC 28390	Web

07/14/2023	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Incorrect information on your report Old information reappears or never goes away	VA 23608	Web

03/17/2023	Yes	Payday loan, title loan, or personal loan Installment loan	Charged fees or interest you didn't expect	NC 28402	Phone

12/06/2021	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Problem with a credit reporting company's investigation into an existing problem Their investigation did not fix an error on your report	NC 27609	Web

11/04/2021	Yes	Credit reporting, credit repair services, or other personal consumer reports Credit reporting	Problem with a credit reporting company's investigation into an existing problem Their investigation did not fix an error on your report	NC 27609	Web

06/16/2021	Yes	Payday loan, title loan, or personal loan Personal line of credit	Struggling to pay your loan	NC 27305	Phone

04/22/2021	Yes	Payday loan, title loan, or personal loan Personal line of credit	Charged fees or interest you didn't expect	NC 27305	Phone

04/16/2021	Yes	Debt collection I do not know	Written notification about debt Didn't receive notice of right to dispute	NC 27834	Referral

12/23/2020	Yes	Debt collection Payday loan debt	False statements or representation Attempted to collect wrong amount	NC 27406	Web

10/02/2016	Yes	Consumer Loan Installment loan	Managing the loan or lease	NC 278XX	Web	Servicemember

08/22/2016	Yes	Debt collection Other (i.e. phone, health club, etc.)	Cont'd attempts collect debt not owed Debt is not mine	NC 27520	Web