• Report: #951072

Complaint Review: Wecosign Inc. Frank Jakubaitis

  • Submitted: Thu, October 04, 2012
  • Updated: Fri, October 05, 2012

  • Reported By: PROPERTY MANAGER BURNED BY WECOSIGN — Santa Ana California United States of America
Wecosign Inc. Frank Jakubaitis
Internet United States of America

Wecosign Inc. Frank Jakubaitis PROPERTY MANAGER BURNED BY WECOSIGN! THEY OVER-PROMISE & NEVER PERFORM! Internet

*REBUTTAL Owner of company: Nameless Property Manager

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I'm a property manager who found out about Wecosign and thought I'd give them a shot at helping me with some of my poor credit applicants. As it's turned out, when 2 of the 3 tenants defaulted on their rent, the owner of Wecosign Frank Jakubaitis attempted to defend the tenants actions and continually delayed meeting their obligation to pay the rent on behalf of the tenants.

This company over-promises and never performs. From looking at some of the other postings, it appears that we're not the first property managers to be burned by Wecosign. We now realize that the FICO score is used by the entire financial industry for
a very good reason and it can be trusted to predict the likelihood of default--Wecosign can't.  Don't let these so-called "cosigners" BS you and cost you a lot of money and cause you a lot of grief! They're just another scam. Stick to the time-tested and proven system that works!

This report was posted on Ripoff Report on 10/04/2012 09:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wecosign-Inc-Frank-Jakubaitis/internet/Wecosign-Inc-Frank-Jakubaitis-PROPERTY-MANAGER-BURNED-BY-WECOSIGN-THEY-OVER-PROMISE-N-951072. 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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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
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#1 REBUTTAL Owner of company

Nameless Property Manager

AUTHOR: Records - (United States of America)

The property managers who are given the daily responsibility of managing the apartments for the building owners, across the country, are professionals who would not reduce their standard of conduct to that of a nameless un-verified posting. Wecosign always invites any property manager with any concern about any resident to address our staff. As a cosigner we naturally attempt to mitigate any rent defaults first, and when all else fails the eviction process moves forward. The property is aware of the loss mitigation process and everything proceeds smoothly.  

Wecosign has cosigned for a multitude of individuals with poor FICO scores with successful results. At the end of a lease period the cosigner requirement is oftentimes dropped and the resident is able to qualify and move forward on their own. Many people in apartments with good credit default on their leases for one reason or another, and down the road they end up needing a cosigner. We hear their circumstances every day, some of which can bring tears to your eyes. 

Wecosign provides a valuable service to those who need a cosigner and to the property managers looking to decrease their vacancies.   
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