Complaint Review: Xotic Auto

Last year in late October I was approached by one of my old co-workers about a 'business investment' worth about $20,000. He told me that I would be able to make easy & quick money by applying for car loans through a fellow partner of his. I was told the process was totally legal & I had nothing to worry about. I met the owner Tony Doyle who was a fellow veteran & owner of the dealership. He basically said that the process was simple, I applied for the car loans for the 5 different banks & then they would pay me $20,000 plus improve my credit by doing so. They would pay them off 3 months afterward & also make the monthly payments until the cars were paid off.

At first, I was very hesitant because it didn't make a lot of sense but after a lot of conversations between Tony, my co-worker & Tony's partner Brandon I decided to continue. We began the process to apply to the banks & Tony started creating false pay stub documents for us to use as proof of income. Again I was very skeptical now but already being involved & Tony already having negatively affected my credit score by using my social to apply to all the banks, I felt like I had no choice. We continued the process but finally, banks started turning down my applications because they were very skeptical of Tony's business. When all was said & done they had marked my credit with 9 different inquiries & only 2 banks approved the loan.

Unfortunately, the two banks were Navy Federal Credit Union & USAA which are two bank accounts I actively use. Tony & his crew paid me out $7,700 for the process but I had to clean up the inquiries on my credit. My credit was up to a 753 & all seemed well unit a month later when the payment was 3 days late with Navy Federal Credit Union & they took the money out of my personal savings account. I was livid I called Tony & he promised to pay the money back. He put the money back in my account but this process would continue for 3 months straight until became so angry with Tony that I demanded the cars be paid off. He said the cars would be paid off soon & that I should have nothing to worry about but of course this was not the case.

Fast forward another two months & apparently Tony has become broke & cannot pay either of the loans with Navy Federal Credit Union or USAA. Now the accounts will be going into collection & Tony will not answer his phone, Brandon is nowhere to be found & my old co-worker can only suggest that I sue Tony & his business. Now even though I accept responsibly for being foolish enough to believe this was legal, I do not want others to face the same fate was me. PLEASE DO NOT TRUST TONY DOYLE OR XOTIC AUTO when it comes to anything business. I am now suing Tony & Xotic Auto for the auto loans but unfortunately, I had to transfer all of my money from the Navy Federal Credit Union & USAA bank accounts so none of my personal bank accounts would suffer. In the meantime, my credit is ruined & I also do not have access to any of my bank accounts. Like I said before AVOID ALL BUSINESS TRANSACTIONS WITH XOTIC AUTO & TONY DOYLE.