• Report: #63718

Complaint Review: World Savings Bank

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  • Submitted: Tuesday, July 15, 2003
  • Posted: Tuesday, July 15, 2003
  • Reported By: — San Francisco California
World Savings Bank
P.O. Box 659558 San Antonio Texas 78265-9558 U.S.A.
  • Phone:
  • Web:
  • Category: Banks

World Savings Bank ripoff Steer clear of Worlds Savings Bank for your mortgage needs. San Antonio Texas


1Author 0Consumer 0Employee/Owner

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CONSUMER WARNING! Steer clear of Worlds Savings Bank for your mortgage needs.

I was very disappointed and surprised at the greed of Worlds Savings Bank for charging me a prepayment penalty of $5712.00 dollars on my home loan. I have been a loyal customer for 2 years with having my mortgage payments always on time and never late.

This is how World Savings handles customers in good standing. They will not give out a fixed rate. They blackmail people by threatening them with this prepayment penalty fee so that they can keep people in variable rates, so when economy gets better they will be able to raise the interest rates and gouge the customer.

Michael
San Francisco, California
U.S.A.

This report was posted on Ripoff Report on 7/15/2003 11:46:13 AM and is a permanent record located here: http://www.ripoffreport.com/banks/world-savings-bank/world-savings-bank-ripoff-stee-q8e8q.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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