December 29th, 2007 at 11:58 am
(auto financing, Debt and Credit Services, auto insurance, Banking)
Though Primerica Financial Services widely state in advertising that the company “help families become debt free and financially independent”, there are numerous complaints posted that state the opposite. How come that such a reputable and large company, international one, can fail to stick to its promises? No matter what, you have to know all the details and decide whether you would deal with Primerica or not.
Primerica’s services. Primerica provides different financial services such as life insurance, long-term care insurance, auto insurance, home insurance, various loans, variable annuities, mutual funds, mortgages, legal services, etc. The company is managed as a multi-level marketing organization. It is the largest financial service marketing organization in the United States. Primerica Financial Services has a huge number of clients all over the North America. Besides, the company has some branch offices in Spain. The company has a middle-income customer base. In 2007 Primerica Financial Services held the 30th Anniversary.
Primerica criticism. Notwithstanding the scale of the company, there have been a lot of complaints filed against the company. And generally the information about the company is very questionable and unreliable. People express in their complaint letters dissatisfaction and annoyance about the state of affairs in the company. Primerica Financial Services representatives and the respective offices were criticized for hiring new employees through fraudulent job interviews. People tell about their horrible experience while looking for the full-time or part-time job. Primerica representatives are like trained to lure people to work for them and do not explain what the job would consist of or what a new member exactly has to do. They just ask to pay the start up fee and expect that you would be able to earn $1000-2000 a month.
If you have some doubts about Primerica’s activities, you should better go on pissedconsumer.com and learn more not to get involved in some fraudulent activities or not to be scammed.
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December 29th, 2007 at 11:54 am
(Uncategorized, Collection Agency, Debt and Credit Services, Scam, Credit)
Sometimes the activities of the collectors are just striking. People all over the country complain and nothing is done to improve the collection practices. This predatory business is very profitable due to the suffering and losses of those who were unaware about the ways the collectors conduct their business. But if the most information about such practices was easy to find and to read, then it would be difficult for those scammers to be in business. Thus, we want to contribute to the upgrading of the general situation in the debt collection market and help the consumers. This is the article about Viking Collection Service.
About the company. Viking Collection Service is quite a large company that in one of the leading collection services providers. The company is in business since 1969. Accordingly, it has to have a lot of experience and a lot of ways how to perform successfully not only for the client companies but also for the debtors because what goes around comes around. The company claim to have usual skills-development trainings and monitoring the work of the employees.
Complaints. Though, there are a lot of complaints against Viking Collection Services about the fraudulent, deceptive and abusive debt collection practices. It seems like the company wants to profit on the backs of those debtors with bad or limited credit records. A lot of people claim that they were injured by the fraudulent and illegal acts of Viking Collection Services. The consequence of the limited credit lines and accumulating fees and other charges is to catch the consumers not aware of possible dangers and problems in a trap of a vicious round of compounding debt from which it is so hard to break free. Sometimes, Viking Collection Services even harasses their debtors and employ a variety of abusive and cheating collection technique created to threaten the debtors.
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December 22nd, 2007 at 12:33 pm
(Uncategorized, Debt and Credit Services, Sub Prime Mortgage, Credit)
Sub prime financing was created with very humane and wholesome aim: to help people who have financial difficulties to get back on track. The interest rates were high but they gave the trust – the thing which was needed the most. But gradually sub prime financing has reached crisis point because mortgage companies tried to get the last penny out of their customers. But they have paid in full or surely would pay for this. Among these companies are Ameriquest Mortgage and Fairbanks Capital.
AmeriQuest Mortgage. It is a national mortgage lender. This company is the largest subprime lender in terms of given loans. Ameriquest Mortgage provides wholesale loans through mortgage brokers. The customer base of the company is considered to be the most risky and questionable one: people with poor credit and no credit at all. In 2006 the company has already settled a class action lawsuit and paid $ 325 million for predatory lending practices. Generally this whole subprime lending system is regarded as being predatory because it keeps people within very stringent bounds and just make their financial situation worse. Their business practices were absolutely unacceptable that is why this class action lawsuit was signed by people form 49 states. And after this the Ameriquest Mortgage offices were closed, accepting of loan application was stopped and most of staff was fired.
Fairbanks Capital. This company’s business tactics are very close to usury and bait-and-switch practices of Ameriquest. Created primarily to help people to get back on their feet, Fairbanks just tries to devastate them more. The main aim of this predatory organization is to make its customers to lose their homes and they do everything to get the goal: delay the posting of the payments, charge their customers additional late fees, and mix up all the things as hard as they can. And they would never help to solve the problem because they have entrapped the customer themselves. It is amazing how Fairbanks is still in business instead of being broke like Ameriquest.
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December 14th, 2007 at 12:21 am
(Debt and Credit Services, Sub Prime Mortgage)
International businesses believe they are not fully prepared to handle a growing number of threats in an increasingly volatile global financial marketplace. Nowadays there have been a number of significant concerns expressed among experts concerning risks, including organised crime, internal fraud, and scam. Globalisation has also exacerbated many pre-existing, low-probability, high-impact risks, such as violations of the fair business practice regulations. And one of such financial institutions is Ocwen Financial Corporation which arose a number of consumer complaints.
Services provided. Ocwen Financial Corporation’s main activities are to offer different services of financial nature to its consumers and businesses, such as: mortgage lending, consumer lending, credit card services, investment services and retail banking. Ocwen operates more than 2,500 financial service offices. The company focuses on lending facilities and tax operations. The slogan of the company is: “We make your loans worth more”. And the company claims to have very good customer service and a number of call centers across the US. Besides, they call themselves an understanding mortgage servicing company giving loans to questionable people with poor credit record. They say that the company was created to help people with financial difficulties.
Ocwen complaints. Most complaints against Ocwen contain some violation of laws. It is really interesting how such company is still in business. It seems like Ocwen just cannot post the loan payments of its customers on time. They delay these payments or even miss them. And then a customer receives a letter stating that he is behind the payment and he already charged late fees. Maybe, Ocwen main profit is the collection of late fees. And if only the customer tries to fix the things and get it right, they report to the credit card agency and just ruin your credit record. This is a trivia story about a credit and a life destroyed by Ocwen.
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December 9th, 2007 at 12:35 am
(Uncategorized, Collection Agency, Debt and Credit Services, Banking, Sub Prime Mortgage, Credit)
If there is the most important place in our life than it has to be home. This is the place where our family is, where our children are growing up, where our good emotion and memories are. They say that home is the place where your soul lives. That is why some people live at work earning money they want to spend for the possibility to have their own home. And it does not matter whether it is a marble palace or a camper. That is why when it comes to choose your mortgage servicing company, you have to be very careful not to make a mistake. But sometimes it is not you who choose. In many cases your mortgage loan can be just sold to such company as America’s Servicing or HomeQ.
America’s Servicing Company. The company usually purchases mortgage loans of those people who have bad credit record or no record at all and whose mortgage company considers them to be questionable clients. America’s Servicing Company is a very complicated company to deal with. They lead all their customers even in worse troubles than those they already have. America’s Servicing Company will never research about your situation, they would just post late payments fees and harass you in different ways.
HomeQ. HomeQ is another shady mortgage loan servicing company which also never spares any effort to make the life of their subprime customers more difficult. They practice to post the payments late and then profit from collecting numerous late fees. This fraudulent company can even miss the payment you have made. And HomeQ customer service is really terrible it is rather customer frightening off service. You can be put on hold for hours while trying to clarify the situation. And then they will just tell you that is your fault and there is nothing they can do for you. Or they can try to gain some time telling you that they have no authority to solve the problem.
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December 9th, 2007 at 12:02 am
(Uncategorized, Debt and Credit Services, Banking)
Banking system is an essential part of our lives. Bank take care of our finances, manage them and keep save. But when it comes to people who are in financial trouble, bank employees just turn their backs on them. It happens even if the bank was the one who redoubled the troubles. It seems that the major banks of the United States do not have to have such problems but they do have them. And people post their complaints against customer service in Bank of America and Chase Manhattan Bank.
Bank of America. Bank of America is one of the largest financial companies across the US and even abroad. It other countries it is represented by more than 1,000 Bank of America branch offices. It specializes in various banking and financial services and is very trustworthy and reliable. Still, there have been many complaints connected with the services Bank of America provides. Lately, they create a wide range of troubles to their customers. Their automated system of getting and posting payments fails to do the work. Hence – a number of problems: Bank of America charges the customers late fees for nothing, then they report to the credit record agency and it results in poor credit of the customer.
Chase. Chase Manhattan Bank is one of the oldest banks in the United States and at the present times it is the consumer and commercial division of JP Morgan Chase after the bank was acquired by JP Morgan in 2000. It was founded a long time ago in 1799. In its long history the bank was considered to be the best by many riches such as Rockefeller family, for example. Nowadays, Chase Manhattan Bank’s most important clients are: Standard Oil, General Electric, Exxon Mobil. Lately the financial sector has come under pressure because of lending to controversial subjects. That is why Chase Manhattan Bank promised to avoid underwriting loans for socially or environmentally questionable people.
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