19 Aug, 2018 → by ClaimboUser215424
RISE violates the FCRA laws regarding “firm offer of credit”
1
I was sent a pre-selected offer from RISE with the statement that this is a "firm offer of credit". Given that information, and knowing that my fiduciary commitments and overall financial standing had not changed since the letter was generated, I applied for a small loan. I was denied, even though the is was a "firm offer of credit" and now there is a hard inquiry on my credit report and RISE refuses to remove it. I am now seeking a lawsuit against them for violating section 1681m of the FTC regulations. RISE uses deceitful, misleading, and information that is not clear and conspicuous tactics in their marketing. Additionally, lenders are required to include "short notices" and "long notices" within their advertisements and RISE did not do this. Their mailer to me was simply a sham to obtain more information from me and their false pretense to have had pre-approved me for a loan.