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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February 23rd, 2008 at 1:29 pm
(Uncategorized, Debt and Credit Services, Banking, Insurance)
Did you ever happen to regret for not having insured something? Do you really believe that insurance companies provide you with any benefits? What if nothing happens to you or your property? Will the money be paid back to you? What if in case of insurance accident the company finds a valid excuse not to cove your damages? Your honestly earned money will simply get into their pockets.
Primerica Financial Services. Primerica is a subsidiary of Citigroup, a General Agency which business model is characterized by multi-level marketing. The company is headquartered in Duluth, Georgia. It is the largest organization in North America which provides financial and marketing services. Among the services offered by the company are term loans, life insurance, long-term care insurance, mutual funds, pre-paid legal services, and variable annuities. Primerica has its affiliates primarily in the US and Canada but recently it has expended to Spain.
Prime America. Prime Americais famous for its life insurance policies. It provides comprehensive web site. At the site there is all the needed information, forms to fill and contact information. It is also distinctive for its consumer education aspect in terms of policies. It provides free quote on life insurance police and the answer comes instantaneously. Prime America claims that the proper information and more specific data are given at a personal consultation.
Any difference? Last year my neighbor had a car accident. She suffered badly injures. Her parents were so much in trouble with her health that did not care to go to the insurance company to get that insurance accident covered. Fortunately, they had some savings in the bank. But when the girl recovered and applied the insurance company for compensation they refused her. The reason was that it was too late to make an offer. The police she bought was very expensive and reimbursement was supposed to be considerable. That is the way the insurance companies make their profits. Of course it is better to pay money and not get hurt, but if something happens and you do not get any help that is frustrating.
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February 23rd, 2008 at 1:06 pm
(Debt and Credit Services, Banking, Savings)
Being involved in business with loan sharks means no good. People try to use their last chance and apply for a loan. But these companies conduct business according to their own rules. It means that many terms and conditions of the agreement a debtor sign are quite different from normal conditions, but financial difficulties force the debtor to accept them. And at the present time there are a lot of such moneylenders who charges extremely high rates of interest and sometimes even under illegal conditions. Cash Call and United Cash Loans are among them.
Cash Call. These financial services company provides a number of different payday loans. It should be mentioned that interest rate set by the company is totally huge and a customer should in such a need that can force him or her to do that. Many people who still has some moral principles and understand the necessity to live in healthy community state, that this kind of business is absolutely alike with activities of predators. Any need of such kind makes a person vulnerable to such predators like Cash Call. The company offers secure and unsecured loans. That means that people with poor credit histories also can try their luck in case they need money. And Cash Call may provide that money.
United Cash Loans. The business activity of this company is very similar to the business of Cash Call. Besides, both companies consider themselves to be the leading company in the market. United Cash Loan provides customers with cash any time they apply for a loan. The money can be transferred within a day. And customers also have an option of choosing the term of paying off the loan. Every customer has to be very attentive while signing United Cash Loans agreement and later on to be very attentive with the loan. Any small complication can allow the United Cash Loan to charge the customer some additional charges, some fees and penalties, late fees and many other ways of getting money out of the customer.
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February 9th, 2008 at 2:04 pm
(Uncategorized, Collection Agency, Debt and Credit Services)
The process of globalization rapidly accelerates. Sometimes it is necessary to say away from home for a long time or to do business with other states. Telephone connection is becoming more and more important. There are numerous telephone communication service providers. Their effective and colorful advertising campaigns of low fees and high quality confuse people. It is important to make the right choice. But you never know…
EverCom and its correctional billing service? EverCom, formerly Talton Holdings, was established on November, 30, 1996 and headquartered in the state of Delaware. In the course of several years it was acquired, together with the T-Netix, by Securus. Nowadays it operates as a completely owned subsidiary. EverCom is a provider of the prepaid person-to-person telecommunication system for inmates of correctional institutions. In 2003 it expanded and included jail management programs. It also provides customer service information via Friends & Family Assistance Centers by toll-free number as well as through e-mail.
A real rip-off! If you do not have enough trouble in you life and feel bored, if long talks on the phone annoy you, if you want to spend all your savings on nothing, or maybe you do not approve of collect calls than this telecom provider is for you. All of these ‘preferences’ are perfectly satisfied if you subscribe to EverCom. Another ‘advantage’ of the company is that it can easily block you phone but hardly ever remove it. And it is not only about the quality of connection. It is also about customer service. They do not provide their clients with the necessary and complete information package when they conclude the agreement. The only one who suffers afterwards is the subscriber. And there is no reason to complain, because you will never get the answer from EverCom.
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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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