• Report: #993532


  • Submitted: Tue, January 08, 2013
  • Updated: Tue, January 08, 2013

  • Reported By: pam — Virginia beach Virginia United States of America
3 park plaza irvine, California United States of America

ARGENT MORTGAGE COMPANY, LLC Sold me a high interest loan and aadjustable rate I'm on SSD irvine, California

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I was in my opinion scammed into this loan.  I applied for a $30,000 loan from this company Argent in 2007.  they said they didn't do loans less then 50,000.  I was on ssd of a low check a month and they said I needed a co borrower.  my friend signed or her mother told her to because the co borrower is mentally challenged.  the co borrower got less money they I a month.  total together was $1500 a month and before it was over the company said I could get a $100,000 refinance loan and pay off my bills and make less payments to them at a fixed rate.  the loan total when closed was $120,000 dollars.  I had a adjustable rate and they said it would be fixed at 8.5 % rate.  since then I had to walk away from my home because I couldn't keep it after co borrower moved.  we had to borrower from friends to pay property taxes.  it got to be too much.  I often thought how the company had closing in three days.  now I realized I was scammed right into that loan.  now I'm out of my home and facing lawsuits for the loan.  help

This report was posted on Ripoff Report on 01/08/2013 04:16 PM and is a permanent record located here: http://www.ripoffreport.com/r/ARGENT-MORTGAGE-COMPANY-LLC/irvine-California-92614/ARGENT-MORTGAGE-COMPANY-LLC-Sold-me-a-high-interest-loan-and-aadjustable-rate-Im-on-SSD-993532. 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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