- Report: #275355
Report - Rebuttal - Arbitrate
Complaint Review: Wilshire Credit Corp
Wilshire Credit CorpCarnation, Washington U.S.A.
Wilshire Credit Corp collection agency tactics or fraudulent behavior or both? Portland Oregon
*Consumer Comment: Wilshire Credit guilty of RESPA Violations and Predatory Lending Violations
*Author of original report: lol, notice none of Wilshires employees are attempting to rebuttal my post
*Author of original report: See my updated report
*Consumer Comment: I want in on class action lawsuit.....I NEED to be in!
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Wilshire wrongfully reported my loan balances to the credit burro
Wilshire forced flood insurance in an area that is not considered a flood zone, but does border a flood zone.
I faxed them proof several times that I my local insurance company was providing me with flood insurance and I was still being billed by Wilshire, in the state of Washington it is illegal to charge a home owner twice for hazard insurance, but yet is was done. I refused to pay and my credit score paid. They started reported I owed more then I barrowed and started reported late payments because I was not paying that part of the monthly bill. PEOPLE CHECK YOUR CREDIT SCORES AND SEE IF YOU ARE BEING SCAMMED. I had an interest only ARM loan so it looked like I owed more then I barrowed. If I would have waited the 2 years, to avoid prepayment penalty points, to refinance my credit score would have been so low I would not have been able to get out from under their clutches and for sure would have lost my home to them.
While fighting the forced flood insurance billing I went to their website to make a payment and their system would not except a minimum payment of just the house payment without the forced flood insurance part of the bill, so I had to wait until Monday to call and make the payment by that time I was past the grace period and was charged a late fee and reported 30 days late to the credit burro. I was not even 30 days late and was still reported as such.
Wilshire primary role is Collections Agency, they bought high risk loans just so they could use unethical tactics to help along the foreclosure process so that they could profit.
On my secondary loan, I was paying into equity but my credit report was showing I owed more then I barrowed, how is that when I was paying around $100 on the principle?
On my 2 loans when I did refinance there was an additional $7,000 worth of charges that were never explained, but if I would have contested it I would have blown my window to refinance out of their s**t.
Once I refinanced out from under them my credit score went from 550 to 720. Hmmm. At the time I started the refinance process I was at 630 and falling. So if I would have contested the payoff balances I would have lost the opportunity to get out from under their questionable tactics.
I did post comments on (((ROR REDACTED)))
And there was supposed to be a class action law suit forming, but the site is down and I have not heard a word on any legal action against Wilshire and there should be!
In closing Wilshire is using collection agency tactics to force high risk barrowers in foreclosure for profit
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
This report was posted on Ripoff Report on 09/19/2007 01:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wilshire-Credit-Corp/Carnation-Washington-98014/Wilshire-Credit-Corp-collection-agency-tactics-or-fraudulent-behavior-or-both-Portland-Or-275355. 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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