ED Magedson – Founder
Open Road Lending6616 Davis Blvd. North Richland Hills, Texas USA
Open Road Lending ( 3 different individuals) Do not waste your time with this company. North Richland Hills Texas
My wife originally fell victum to this company by their lure of lower percentage rate and short loan term. We met everything they asked for on the loan application and letter. We are now over a month of jumping through hoops for this company but were willing to do so in order to save money. They told us we were already approved and they were just waiting on the final paperwork to payoff our current loan . I bank at Wells Fargo and they commented on some of the requests they have made as being out of the ordrinary. They have taken so long to do anything and then have made requests for us to get a notary to show that we are the same people of the loan they are paying off because of a middle initial or slight change in name. They have managed to stretch the previous approval out so long that they ran another credit report and now say that we do not qualify. I don't believe they had intentions of financing us in the first place I think they are wanting to change the terms but we will find out at which time I will edit this report. They have taken so long to take care of business that our payment is now due again with our present loan and I put a stop payment on them to avoid chasing my money after the loan was assumed by Open Road Lending. I will now need to change everything to the way it was. Either the people with this company are very unorganized or incredibly stupid. My wife and I have now decided that we will not waste any more time with Open Road Lending and I suggest you do teh same and save your time and trouble. My wife is still upset by their deception so I have chosen to write this report to save you the time and trouble with dealing with theses people. The confusing thing is how do they make money unless they are trying to build a lending institution's status in order to sell to another company. The integrity of this company is questionable. I wish they did not have my personal information now.
This report was posted on Ripoff Report on 06/26/2014 01:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Open-Road-Lending/North-Richland-Hills-Texas-76182/Open-Road-Lending-3-different-individuals-Do-not-waste-your-time-with-this-company-No-1157750. 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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