My parents are both disabled. They got a loan for $5,000 to fix up their house, two months later Citi called them back in to refince the loan again to (save them money). Hat loan jumped to $7,600 (They started adding life Ins. Pushing the home & Auto Ins. Two months later they talk them into refincing their first morgage with all the Ins. That ends up making their bill $ 10,000 more on top of the morgage.
Long story short in four years Citi re did there loans seven times! On the last loan they did, they gave them the check for $1,000 and told them they did not have to wait the three days. I called the N.J. Division of banking sent them all the imformation. They told me This is called Preatoree Leanding, Equity Stripping, & Credit Ins. Packing. I am looking for other people that this happen too. I am looking for a law firm that wants to go after Citi. This must stop!
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