- Report: #266383
Complaint Review: American Servicing Company
| American Servicing Company Po Box1820
Newark, New Jersey U.S.A. |
|
American Servicing Company this company destroyed the dream we had Des Moines iowa
*Consumer Comment: Unfortunately, you're just wasting your time
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when i called and asked how to pay it asap i was told that i would have to speak to their lawyer because i was in foreclosure. the lawyer wanted 5560.00 in 2 wks or my house would be sold at auction on the courthouse steps..
well i saved my house by paying that amount 1 hr before the sale..we still havent recovered and now my payment went up 170.00 in may of this year. what can i do ? my score is so low im having trouble refinancing,and having trouble making these payments...snowball effect..i know that if i am 1 day late this predatory lender will pounce again.help
Teresa
sparta, Tennessee
U.S.A.
This report was posted on Ripoff Report on 08/09/2007 12:39 PM and is a permanent record located here: http://www.ripoffreport.com/r/American-Servicing-Company/Newark-New-Jersey-07101-1820/American-Servicing-Company-this-company-destroyed-the-dream-we-had-Des-Moines-iowa-266383. 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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Search Tips#1 Consumer Comment
Unfortunately, you're just wasting your time
AUTHOR: Dave - (U.S.A.)
SUBMITTED: Thursday, August 09, 2007
They are predatory lenders all right, but in order to keep them at bay, you have to make your payments on time every month. And to be honest, predetory or not, YOU signed a contract promising to pay them X amount of dollars every month, and if you don't live up to that promise, then they have the right to foreclose and charge attorney fees and late fees and anything else.
Also, your payment will continue to go up probably because you got into one those lovely ARMS, didn't you. It's going to be really tough to get out of that one, because you probably have pre-payment penalties to contend with as well.
Good luck.

