ED Magedson – Founder
WILSHIRE CREDIT CORP4004 KRUSE WAY PLACE LAKE OSWEGO, Oregon United States of America
MY MORT. IS WITH NLAC BUT THEY REPORT ON MY CREDIT BUREAU AS WILSHIRE.MY ORIGINAL LOAN WAS WITH WACHOVIA WHO BULLIED ME INTO A FOREBARANCE AGREEMENT EVEN THOUGH I WAS NOT IN DEFAULT, THEN INCREASED MY PAYMENTS FROM $2200 TO $3500 AND MY INTEREST RATE FROM 7% TO 11%, THEN IMMEDIATELY SOLD MY LOAN TO NLAC IN 2007. I HAVE BEEN IN AND OUT OF BANKRUPTCY EVER SINCE BECAUSE IF I DON'T PAY ON THE DUE DATE OF THE 15TH, FORECLOSURE BEGINS ON THE 16TH. I THEN HAVE 10 DAYS TO PAY OVER $18000. THEY THEN ADD OVER $46,000 TO THE PRINCIPAL CALLED ANTICIPATED LEGAL FEES PLUS AND INTERESTING ARRAY OF LATE AND DEFAULT CHARGES.
THIS PROPERTY IS MY LIVELIHOOD SO I TRY TO HOLD ON, I TRY TO REFINANCE BUT THE CONSTANT ADDITIONS TO THE PAYOFF MAKE THAT DIFFICULT PLUS MY CREDIT HAS BEEN SHOT SINCE THEY CAME ON BOARD. I HAVE SEEN MY STORY ON SO MANY OF THE TESTIMONIALS ON THIS SIGHT THAT I AM HORRIFIED THEY ARE STILL IN BUSINESS. IF THERE IS A CLASS ACTION GOING ON COUNT ME IN.
This report was posted on Ripoff Report on 10/24/2009 12:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/WILSHIRE-CREDIT-CORP/LAKE-OSWEGO-Oregon-97035/WILSHIRE-CREDIT-CORP-NATIONAL-LOAN-ACQUISITION-CO-COMMERCIAL-MORTGAGE-NIGHTMARE-LAKE-OSWEG-514375. 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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