March 23rd, 2008 at 2:32 pm
(Collection Agency, Debt and Credit Services, Credit)
There are many companies that were created to make the lives of consumers tougher and harder. And credit reporting agencies are among them. We can love them or hate them but we still need to deal with them. These financial services companies can really spoil our lives. That is why we should better always keep track of our records and be very careful with all the issue concerning loans, mortgages, taxes, bills, and so on. Otherwise such companies as Equifax and Experian can interfere. This article is about these compnies for you to be aware of them and their services.
Equifax. Equifax Corporation was founded in 1899 as retail Credit Company. This company is headquartered in Atlanta, Georgia. Equifax Corporation is actually a consumer credit reporting agency. The agency is considered to be one of the three biggest American credit agencies. Besides, it is the oldest credit agency. There have been many complaints filed against the company. These complaints stated that the company is always ready to sell its information on the millions of American citizens to everyone. And this info includes many facts and rumors about different spheres of life of the consumers. It is considered that the company even rewards the employees to find negative information on consumers. In 1970s the company had so many troubles concerning these complaints, that it even had to change its name to Equifax in 1975. The company has been several times fined by the Federal Trade Comission. In 2000, Equifax along with Experian were fined for blocking and delaying phone calls from consumers. People just tried to get some information concerning their credit records and they could not.
Experian. Experian is a publicly held company. The company was founded in 1980 as CCN Systems. The company is a global credit agency. Experian operates in thirty six countries all around the world. The company is headquartered in the United States in Costa Mesa, California. Experian North America specializes in providing of credit services, marketing solutions, interactive services, and so much more. The company specializes in collection information on people, companies, vehicles, and so on. There have been many complaints filed against this company as well. The company is alleged to be involved in misleading advertising, misleading domain name, failure to honor cancellations, and many other issues. Along with many other credit agencies, Experian had earned a grade F in an appraisal of customer service.
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March 15th, 2008 at 12:07 pm
(Uncategorized, Debt and Credit Services, Banking, Insurance, Credit)
Why some companies intend to deceive the customers? To derive some financial benefit, of course. But they do not seem to understand that customers’ loyalty and trust can make their business and the absence of them can break it. These fraudulent companies just bite the hand that feeds them and make worse to themselves. The customers finally understand that it is useless and it is no good to complaint and try to make the company to upgrade its business practices. And then they do the very right thing – they file a lawsuit or a class action lawsuit, depending on the number of offended people and kind of violations of the law. And very often this thing happens to shady lenders like Aurora Loan Services.
Aurora Loan Services business methods. Aurora Loan Services is a financial services company that specializes in generating, purchasing and processing of different kinds of loans. The company offers a number of various loans that customers need in different periods of life. Aurora Loan Services focuses on subprime customers and provides unsecure loans as well. That is why the rates offered by the company are really not low and make people use the services of Aurora Loan Services only in the most critical situations. Many people and business analysts consider this kind of business to be predatory and the companies that specializes in subprime loans to be loan sharks and juice dealers.
Aurora Loan Services controversies. Subprime lending was developed in the very beginning with a benevolent aim of helping those who are in trouble, in financial difficulties to get back on track and be able succeed. But very soon artful and devious people understood that subprime lending is a real gold mine. That is why at the present time there are so many companies like Aurora Loan Services that try to get as many client as possible and then terrorize them. There have been many complaints filed against Aurora Loan Services. People report that the company breaks many laws that congress and other legislative bodies put in place to help people to get back on their feet. Besides, the customers of the company can be additionally charged and not notified of that fact. That results in the loan to be in default. Aurora Loan Services can escrow charges by mistake and refuse to post payments and then the customers are charges late fees and that lead to a complete disaster. People have to be very careful while dealing with such company as Aurora Loan Services.
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March 8th, 2008 at 12:37 am
(Uncategorized, Debt and Credit Services, Banking, Credit)
Where should a person go in case he/she experiences financial problems? The answer is obvious – to the bank, a credit or loan company. They will definitely help you out and will give you the needed amount of money. But then every month they will make you coming back again and again. And then it may be very difficult to say them ‘good-by’.
Quicken Loans. Quicken Loans is a company that provides home mortgage lending services throughout the U.S. It entered the market 1985. The company was founded by Dan Gilbert and Ron Berman. Today it is one of the country’s largest independent mortgage companies, headquartered in Livonia, Michigan. In 2007 the martgage industry faced a crisis, and the company does not provide Second Mortgages, Home Equity Lines of Credit, Alt-A Products, and Deferred Interest Loans any more. More over Quicken Loans has been involved in a law suit. Its employees claimed ton to be paid for overtime working hours.
Pros and cons. There is no easy money. Either you have to work hard to have some, to steel and then go to prison or borrow and then… Before applying for a credit it is very important to weigh all the pros and cons. Then if the decision is taken the other step is to choose the company, since there are plenty of them. Some offer favorable interest rates, others longer terms for settling the credit, and so on. They try to trick in as many clients as possible because they bring them profit. When taking a credit, one should carefully read everything that is said about the terms of paying it back and interest rates. Sometimes people are so much excited that the company does not care about their bad credit histories that they forget to check the most important points. Quicken Loans, for example, offers its services in all the 50 states, processes the loan within 15 days. They even come to your office or home, if you are too busy, to sign all the necessary documents. All you have to do is too take money and then return 3 times more. In addition to the interest rate there will different fines and charges which you will have to pay. It is not a problem to borrow money but it is hard to pay them back. And so that you know, these companies do not let it go. They constantly call their debtors, send letters or come in person.
But life is not simple and not everybody is lucky to be well-off. And somehow it is necessary to manage the situation.
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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 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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November 11th, 2007 at 3:09 pm
(Uncategorized, Collection Agency, Debt and Credit Services, Credit)
You know, just recently I was such a lucky. I have never thought before that sometimes you can prevent a huge trouble. Edudomain.blogspot.com was my salvation and I want to share this story with you.
Happy-end story. On Saturday some agents from credit card company called my home and told a beautiful story to pursue to pay for their credit card with a great credit card limit notwithstanding the fact that I have some financial difficulties at the moment. I thought that this was a lucrative offer and told them about it. They asked for my personal information: numbers of my accounts, social security number, etc. to open a new account. I have to admit that I was ready to provide them all the information when my sell phone rang and I had to pick it up. And then I saw some article about edudomain.blogspot.com and decided to check that company on the site. You would not believe me, what I found there! The company I was going to deal with was complete fraud. I was impressed by the number of furious consumer complaints against it. I read a number of articles written by those who have been trolled and lost a lot of money and not only those they have paid themselves. Those scammers also charged the accounts of innocent people with unknown fees and stole the hard earned money. Let alone saying about the complete identity theft. After having read all that complaints, I thanked God and this site for providing such useful information. Surely, I have never got back to them.
Other advantages of edudomain.blogspot.com. Besides, you may find a lot of other information on other companies on this site useful. The articles on edudomain.blogspot.com are very interesting and entertaining from the point of view of consumers because the same consumers wrote them. Thus, reading the complaints you will be able to familiarize yourself with the other existing scam in advance. You also will be able to tell your friends and relatives to help them to avoid it. Join the edudomain.blogspot.com club!
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