• Report: #375553

Complaint Review: Wilshire Credit

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  • Submitted: Tue, September 23, 2008
  • Updated: Thu, September 25, 2008

  • Reported By:Angleton Texas
Wilshire Credit
1423 SW Millikan Way, Suite 200 Beaverton, Oregon U.S.A.

Wilshire Credit Wilshire Credit Strikes Again - BEWARE Beaverton Oregon

*Consumer Suggestion: File a formal complaint

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When our statement came for the month Wilshire Credit added a $9.50 charge for property inspections. When I called to inquire about this I was told that since we were in an area along the gulf coast recently hit by Hurricane Ike that the $9.50 charge was added for someone from Wilshire to drive by our home to see if it was still standing or had been damaged by the hurricane. When I objected to this it was fruitless, We never saw anyone, talked to anyone or had any kind of contact with anyone who represented Wilshire Credit and we have never agreed this this charge. Wilshire Credit stated that this was routine for any areas "hit" by a disaster. They stated they were doing this to protect their investors interest, which is our home. This is truly a rip-off. Because we were hit by a natural disaster we have to pay our mortgage servicer for a drive by. If the so-called drive by person came to our home he must have bypassed the state police while we were under curfew AND since the date on this statement is 09/08 that was before the hurricane hit. This is wrong and all 50 states should take on the legislation to not let any mortgage servicer do this to anyone living in their state.

This may not be a large sum of money but take this amount by thousands of people who have Wilshire as their mortgage servicer and that adds up to thousands of dollars. I call this price gouging and think it is illegal. Can someone take this on and make sure it is put to a stop?

This kind of thing in part is why the mortgage companies and banks are in trouble. They were all too greedy for so many years it is now coming back to bite them in the behind. However all of us will have to bail all of them out while all their CEO's who got them into all this mess has stepped down and retiring on millions of unearned dollars. Maybe they see this as a way for the Merrill Lynch (and others) stockholders who lost so much money to get just a little bit of their money back. They are going to nickel and dime mortgage holders to death!!

Skj
Angleton, Texas
U.S.A.

This report was posted on Ripoff Report on 09/23/2008 10:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wilshire-Credit/Beaverton-Oregon-97005/Wilshire-Credit-Wilshire-Credit-Strikes-Again-BEWARE-Beaverton-Oregon-375553. 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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#1 Consumer Suggestion

File a formal complaint

AUTHOR: Laurie - (U.S.A.)

With the Federal Trade Commission and TX State Attorney General

If everyone that was hit with this same bogus charge files complaints with the correct agencies - something will be done.
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