WestLake Financial
Do not you think that sometimes it is better to go to a well known and reliable bank which takes a little higher interest on the loan, than to a financial institution which is not proved to be good? At the bank you may have more flexible conditions and fewer troubles.
Westlake Financial Services. Westlake Financial Services, Inc. is an American privately held company. The company is a near-prime to sub prime lender. At the present time, the corporate office of Westlake Financial Services is headquartered in Southern California. Westlake Financial Services specializes in the originating, acquisition and processing of auto retail installment contracts. Westlake Financial operates through a network of new and pre-owned auto dealerships located all over the United States. Westlake Financial Services is a financial division of Hankey Automotive Group. One of the most popular products of Westlake Financial Services is Westlake Financial Buy Program.
Westlake Financial Services is one of the fastest growing companies in the auto financing industry.
Customer reports. ‘Disrespectful, undignified, unfair and untrue,’ – these are the exact words people would use to describe Westlake Financial. The most common complaints posted by the clients of the company are connected with the fact that Westlake sends no correspondence, as well as no statements of payment. If you are going to take a credit or a loan from the company - be ready to face troubles. The company does not let the consumers to pay the past month or the current month if they happen to be late with the payment for a few days. It is impossible to make any further arrangements to pay off the car, for example. In case, it happens that they inform you about your late payment, they will have your family members and co-workers called. They may even give your information out to other people, thus violating the FDCPA. If you do not satisfy all the requirements of the company, then you may also face problems with the auto dealer if you buy a car on credit, for example. The company’s representatives issue the information about your payment troubles and then you will never get the car fixed at the dealer’s.
If you trouble yourself to learn a little more about the company, then there is a possibility that you will discover that Westlake does not have a license with Department of Corporations. The BBB has many complaints regarding the company also of bad business practices.