Wilshire Credit Corporation used fraudulent behavior and Collection Agency Tactics to tried to take my home (Class Action Lawsuit Needed)
Did not have my loans setup correctly when my loan was sold to Wilshire. Creating a Late Payment chain reaction that took months to fix Forced Flood insurance when I bordered a flood zone but did not live in it. Because I could not win the argument and they would remove the forced flood insurance I got my own
Then they continued to try to charge me for Forced Flood insurance after I had provided proof I was insured through Farmers. The Forced Flood Insurance ordeal created a late payment when it was less than 48 hours late
Wilshire tried to bill me $800.00 for Forced Flood Insurance after they had received proof that I had my own Flood Insurance. Their website would not take a partial payment, so I had to wait until Monday to pay by Phone. Monday was the 17th and they reported me 30 late to the credit bureau.
Wilshire reported to the Credit Bureau that I was 30 late when in fact I was only 2 days late and would not have been late at all if they had not been charging me for something I did not owe.
Mortgage institutions do not report 30 days late until you are truly 30 late because of the negative impact it has on Credit Scores.
If I had not already been in the process of refinancing my credit score would have become so low that I would not have been able to refinance out of the ARM after 2 years. This also created a situation where I had to pay a 5 point early payoff penalty. Was reporting to the Credit Bureau that I owed more than I barrowed on both loans. How did I owe more then I barrowed on an Interest only loan if all payments were made
How did I owe more then I barrowed on the secondary loan when I had paid extra with now had me paying into principle and it reflected so on my monthly statements
Once I re-financed out from under them, Payoff Balances were $7000.00 higher than my billing statements prepayment penalty points
I did not contest the amounts at the time because I needed to get out from under them so I took the losses at the time.
If you have a class action law suit please add me and I'll be happy to supply the proof necessary to show Wilshire is Faulding home owners
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