Aqua Finance Inc Complaint: Taking out the loan or lease

#1639544 4 Nov 2015

Consumer Loan Installment loan

Complaint #1639544 submitted on 11/04/2015 relating to Aqua Finance Inc. Complaint relates to Consumer Loan Installment loan - Taking out the loan or lease .

Complaint was submitted via Web and sent to the company on Thursday 5th November 2015.

Narrative (may be redacted).

We went through a copy called XXXX XXXX XXXX for a pool loan. The total cost of the project was {$50000.00}. We did not have all of the funds and only needed a loan for {$15000.00}. When we started the process we were told it was unsecured and nothing will be attached to the property.
XXXX sold the loan to Aqua Finance which is who I signed all of the loan papers with. I read the loan documents before I signed and nowhere did it say it they would file anything against my property via a lien or a XXXX filing.
I am refinancing my home and was told they filed a XXXX on my whole property. I was concerned and called Aqua to see what was going on. I was told that 's what they do and have been doing that for ever. I asked them where in the contract I signed, it stated that they were filing a UCC on my property. They referred me to a section of the contract under Additional Provisions ( B. ) Security Interest. I read it and know where under that section did it say they were filing anything against the property.
I spoke with XXXX XXXX Collection Manager for Aqua and he sent me the same document saying the same thing.

Servicemember

Company Aqua Finance Inc
Complaint ID 1639544
Date Received 11/04/2015
Product Consumer Loan Installment loan
Issue Taking out the loan or lease
State/ZIP Code TX 782XX
Consumer Consent Consent provided
Company Public Response Company believes it acted appropriately as authorized by contract or law
Company Response To Customer Closed with explanation
Submitted Web 11/05/2015
Result Timely Response: Yes, Consumer Disputed: No
 

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