Wilshire Credit Corperation
Ripoff, According to my attorney, predatorney lending. Had to file chapter 13 to save my house!

I had some problems in my business, and rather than file ch. 7, I thought the ethical thing to do was take out a home equity loan to pay my employees.

At some point, my loan was bought by Wilshire. I have never recieved a payment book. I was laid off a job and got a few months behind, made double payments for the ammt. Of time they told me, sent the reg. Payment the next mo., and was sent a forecloser notice.

They said it was supposed to be one more month of double pay, which is not what they had told me. They tacked on another approx. $6,000 in atty. Fees, and told me I had to make double payments for another year. I did so, and at the end of the year, they tried to foreclose again (more fees) and said I owed more. Every time I tried to call, my calls were not returned.

I finally reached someone, and they said I had to pay several thousand to catch up. I agreed, and they said they would get back to me the next day. The next day, they wanted twice that, I said ok&they said we'll let you know tomorrow. The next day they more than doubled that ammt. Her words as she got off the phone with their atty.?"Class action, they don't even know what you owe."

I did not have that much, and filed bankruptcy. The funny thing is, my atty. Says they must think they are my 1st mortgage, because they would have gotten nothing. She said their atty. Said there was a problem with this acct. And did not know what I owed.

I would also like to participate in class action, as my atty. Advised.

Company: Wilshire Credit Corperation
Country: USA
State: Oregon
City: Portland
Address: P.O> Box 8517

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