Campus Student Funding, LLC Consumer Loan Complaint

Vehicle lease Taking out the loan or lease

Campus Student Funding, LLC Consumer Loan department,

Vehicle lease Taking out the loan or lease Georgia

Through research I had to find out how the payments were to be made into which I found out the payments were to be made electronically through an ACH ( automated clearing house payment ) form. Well all I wanted to do was terminate the ACH form and pay for the lease through my own means and their website into which you can pay by check or credit/debit card. It states on that form that a submission in writing must be made to MotoLease LLC. for whom the lease is though in a reasonable amount of time for them to respond. I then called MotoLease LLC. to verify that the address I had mailed the letter to was correct. Which it was, but upon verification I spoke with an - at the time and I was notified I would have to pay a security deposit of $300.00, and it is not listed anywhere on the ACH form or the lease terms. During that same call I asked - could they waive the fee for that because it is not listed anywhere in the terms and to speak with management I was denied was told my information would be passed along. I call back today ( -/-/2015 ) spoke with another representative today asked about the information and still was not given an answer, but I was told this time that the security deposit amount was $500.00, and was apologized to for being given the wrong information. Again I asked to speak with someone in management was denied again, but was told by the same rep ( whose name I did not get ) that they would just cancel the ACH form and I could pay online into which steps I have listed above. To add I was not told by the dealership - ( - ) or even MotoLease how the payments were to be made I had to research all of this information for myself.

Campus Student Funding, LLC customer in Georgia
Dec 17, 2015

* Source: CFPB Complaint Database

Campus Student Funding, LLC response to complaint:
Closed with explanation

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