CFPB Complaint

Allgate Financial, LLC – CFPB Complaint

Consumer Complaint Submission

Date Received: 2017-05-04T00:00:00

Product: Credit card debt

Issue: False statements or representation

Consumer Consent Provided to Share Complaint: Consent provided

Consumer Complaint: I checked the boxes, but the fraud is not as the boxes specify. The CFPB took action against XXXX XXXX XXXX for filing false lawsuits, liens, etc. I was the victim of a number of the false liens. The liens were recorded against real property and they went out of business without releasing them. I go to sell the property and the escrow company withholds {$15000.00} to pay XXXX liens- XXXX for {$2800.00} ( Equable Ascent Financial as Assignee for XXXX XXXX on a XXXX account ) and {$4400.00} XXXX XXXX XXXX XXXX XXXX . I tried to contact XXXX XXXX for proof of the underlying loans. They refused to produce any proof. They were rude. They then submitted a ” payoff ” without my knowledge claiming they changed the account numbers and the new amount owed was {$4400.00} they never sent me the letter or proof of the underlying credit card debt or verified if the judgment was valid. They collected the money. The law firm of XXXX XXXX XXXX never obtained the satisfaction of judgment before giving the money. The Equable Ascent Financial LLC went out of business in XXXX or so. No one was assigned the lien and I was given the run around by a guy named XXXX XXXX of All Gate Financial LLC in XXXX . First, he said the judgment was sold before Equable Ascent Finacial LLC went under. He said it was sold XXXX . XXXX then said they did not own it and to check with XXXX XXXX . XXXX XXXX did not own the judgment and said XXXX XXXX owned the judgment. XXXX did not have legal ownership. I never had any XXXX account. Then the trail ran cold back in XXXX XXXX . Apparently, without my knowledge, the same law firm of XXXX contacted All Gate and this time, All Gate gave some unsupported claims that it held the books for Equable Ascent Financia l an d was claiming the money for Equable Ascent Litigation Trust a nd that All Gate was the Trustee. They collected the {$2800.00}. The problem is that in a letter to me, XXXX XXXX , CEO said that the judgment had bee n discharged by Equable Ascent Finacial and they have no legal interest in the judgment. Despite receiving the money under false pretenses, XXXX XXXX refused to produce proof of ownership of any judgment by assignment refused to even say what account was involved. I later found out that they took the money saying ” he would find a home for it. ” He then tried to say it was applied to some other account. The judgment was for an alleged XXXX XXXX XXXX account, that is the name of the Plaintiff in the lawsuit. XXXX sent a note that clearly claimed the money was being taken for a XXXX XXXX XXXX account and not the named Plaintiff on the judgment. At the same time that Equable Ascent Financial thr ough XXXX XXXX XXXX was filing claims in XXXX County Georgia, the only county t hat I lived in for this XXXX account, XXXX & E quable Ascent were filing these XXXX XXXX XXXX accounts in XXXX County and obtained default judgment and garnished my wages. Please investigate what should happen to all the people affected by the phony XXXX judgments and liens. Please investigate All Gate Financial LLC and XXXX XXXX making false claims to collect on debts for a company that went out of business and for which he has failed and refused to produce truth that the account or judgment was ever assigned to the new company Equable Asce nt Trust. There is nothing in any court record showing an assignment of judgment or claims.

READ  Alliance Data Card Services - CFPB Complaint ID 2489813

Company: Allgate Financial, LLC

State/Zip: GA 303XX

Company Response to Complaint: Closed with monetary relief

Was Company Response Timely: Yes

Did Consumer Dispute Company Response: N/A

Complaint ID: 2475491

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