This company is nothing but a rip off and predatory lender. I became disabled in and they refused to work with me on my mortgage loan. I had to file chapter 13 bankruptcy because they wouldn't refinance my loan to help lower payments and interest. I was TWO months behind and they started threateining foreclosure.
As soon as the bankruptcy was completed in they started sending me late notices and raised the amount of my payment from $230.67 to $270.00! They call 5 or 6 times a day. I have certificates of mailing from the US post office for each and every payment since 2004! They have now increased my payment from $230.67 a month to $304.40 a month! What a rip off and bunch of thieves this company is. They appraised my house for $60,000 when the PVA office has it at $28,000. I paid $20,000 for it to start with.
I don't pay property taxes due to being disabled (KY law), yet CIT keeps charging property taxes on the mortgage. I re-financed in 1999 for $30,000 where they lied about the appraisal value, and they still say I owe over $27,000.
I found a couple of links where some people were filing lawsuits against CIT. If anybody has any idea of how to file a class action lawsuit against this predators, please let me know.
0 comments