Report: #1062677

Complaint Review: BHM Financial

  • Submitted: Thu, June 27, 2013
  • Updated: Thu, June 27, 2013
  • Reported By: comeauone — Grande Prairie Alaska
  • BHM Financial
    1090 avenue Pratt
    Montreal, Select State/Province

BHM Financial Definatly do buisness with this company if you want to get ripped off. Montreal Quebec

*UPDATE Employee: Loan qualifications

Show customers why they should trust your business over your competitors...

 I went through the process of getting a title loan from BHM Financial,first of all they say you will get up to $10000 within 24 hours.This is NOT TRUE,I have a 2007 Chrysler 300 in perfect condition with just over 71000 kilometers.After almost 2 weeks of sending in multiple emails of information about the car & myself,I was only offered $1800 for the car.

 I did recieve the money within 24 hours once the loan was approved but only after the almost 2 week runaround I got.Ive been paying $174 a month for the last year on the loan & recently missed a payment due to other obligations but made the payment shortly after with the penalty.I was the curious to what my balance on the loan was.I was shocked to find out that the balance on the loan was just over $1700 on an $1800 loan a year is this possible?

 I figured it out that once the loan is payed in full that it will have costed me close to $5000...this is absoulte robbery.This company will give you up to $10000 for your car but the vehicle must be almost new off the lot for this to happen so dont be fooled thinking uoull get what you want for your vehicle.Acompany like this should be fully investigated & shut down before they try to rip any body else off & trry to make their life hell.

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This report was posted on Ripoff Report on 06/27/2013 04:49 PM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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Updates & Rebuttals


#1 UPDATE Employee

Loan qualifications

AUTHOR: BHM Financial - (Canada)

Dear comeauone,

Car title loan i.e. placing your car as security against your loan. Your car must be qualified, please visit our website for details about car title loan at: . Every application and its collateral are subject to a verification process.

Your monthly payment amount depends on the loan term you’ve chosen to go with. You are given an option from 1 up to 5 years term. You must advise our loan officer prior to applying. Based on your post, seems you’ve chosen to go with 1-year term. Your loan amount is stated on your security agreement.

Yes, BHM Financial provides car title loan up to $ 10,000.00. 

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