Hey everyone! Wonderful, wonderful site I've come across here ) Ok, here's my situation. About a month ago, my husband and I tried to lease a Mercedes Benz with no luck. My husband's credit would be good except for a recent charge-off and a property tax lien and I have poor credit, so I guess that's why we were turned down. Anyway, we really, really wanted a Mercedes Benz so we searched online for subprime lease companies, and lo and behold, we came across Gallco Leasing based in NJ. Their website states that if you have not-so-perfect credit but own your own home, more than likely, they can help you get a lease. So my husband and I contacted them, got an application, and faxed it right over. Well, a month later and numerous messages left for Art Gallagher (the owner of the company) and we still have yet to hear back from him. Isn't this illegal? Aren't creditors required to notify you if you've been turned down for credit? On top of it all, my credit report was pulled even after my husband informed him that we were interested in leasing through our company and having my husband as the sole guarantor. I realize that we need to write this a**hole a certified letter since he won't return our calls. Any suggestions as to what we need to write? Thanks in advance!
As far as I know, you are covered under no laws in the FCRA or FDCPA. You may want to cut your losses even if he calls or writes. Just send him a simple letter staing that you are no longer interested in his help and please destroy any personal information he has on your family.
Yes. Requirements on users of consumer reports [15 U.S.C. § 1681m] (a) Duties of users taking adverse actions on the basis of information contained in consumer reports. If any person takes any adverse action with respect to any consumer that is based in whole or in part on any information contained in a consumer report, the person shall (1) provide oral, written, or electronic notice of the adverse action to the consumer; (2) provide to the consumer orally, in writing, or electronically (A) the name, address, and telephone number of the consumer reporting agency (including a toll-free telephone number established by the agency if the agency compiles and maintains files on consumers on a nationwide basis) that furnished the report to the person; and (B) a statement that the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the consumer the specific reasons why the adverse action was taken; and (3) provide to the consumer an oral, written, or electronic notice of the consumer's right (A) to obtain, under section 612 [§ 1681j], a free copy of a consumer report on the consumer from the consumer reporting agency referred to in paragraph (2), which notice shall include an indication of the 60-day period under that section for obtaining such a copy; and (B) to dispute, under section 611 [§ 1681i], with a consumer reporting agency the accuracy or completeness of any information in a consumer report furnished by the agency.
