HERE is MY ISSUE WITH THEM
I wanted a loan for 7000 They coached me in to a loan for 25000
Predatory Lending abusive lending practices that include a mortgage loan to someone who does not have the ability to repay It also pertains to repeated refinancing of a loan charging high interest and fees each time
They coached me in to a bigger loan knowing I was unemployed they also stated to me and David my husband that they would work with me and if anything happened to where I couldn't make payments or get refinanced
Up until the day I went to the office to sign the papers I was thinking that the loan was going to be for 5 to 10 yrs with payments of around 200 To 250 A month because I was waiting for my unemployment to kick in after my fight with them were done set in stone I have my paper work to show I was fighting with unemployment and the Amount I was supposed to receive thats where the amount came from with me and Alexis J llc
They wanted me to sign a default letter with the papers I told them no and the papers were signed when I got there
Also Krishna had told me she thinks they are great guys and she does work for them all the time she was the manager of the title company then she got fired
The money was not available when I signed the papers
They aren't supposed to take more then 2 months of payments from me they took 6 months
Also with the payments to insurance and property tax they are supposed to put the monies in to an escrow account they did not they paid the companies they are not supposed to take a borrowers money out of the loan and pay they are supposed to make payments
NO BUSINESS LICENSE TO LEND MONEY
AS A CONSUMER I HAVE THE RIGHT TO CHALLENGE MY DEBT IN WRITING THEY ARE SUPPOSED TO STOP ALL COLLECTIONS UNTIL RESOLVED THEY DID NOTHING NO RESPONSE
If you challenge the validity of a debt in writing within 30 days of the collectors first notice the collector should cease collection efforts until verification is received from the creditor Once the creditor has responded the collector must verify the debt to you in writing If the creditor is unable to verify the debt the collector should cease collection efforts
NEVER RECEIVED ALL OF THE MONEY DUE FOR THE TYPE OF LOAN IT WAS
APR IN ARIZONA IS THE MAX OF 10 THEY WENT WAY OVER BOARD
law is the contract could become 0 interest if law is violated and you have the right to sue for punitive damages court cost and attorneys fees because of interest overcharge violating the law
BALLOON LOAN
WHEN LENDING ON A PLACE OF RESIDENCE THE LOAN CAN BE NO LESS THEN 5 YRS
NO GOOD FAITH ESTIMATE
NO HUD SETTLEMENT STATEMENT
NO CREDIT CHECK
Never asked for social security number no birthrate nothing
3 days right to cancel the loan
which i never received then i rescind the loan and the did not respond at all thats respa violation
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