Report: #152820

Complaint Review: CHAMPION

  • Submitted: Sun, August 07, 2005
  • Updated: Sat, October 22, 2005
  • Reported By: ULSTER PARK New York
  • CHAMPION
    2 GATEWAY DRIVE,PARSIPPANY,NJ 07054
    PARSIPPANY, New Jersey
    U.S.A.

CHAMPION BAIT AND SWITCH PARSIPPANY New Jersey

*Author of original report: Bait and Switch

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

When I first went to Champion (now owned by Key Bank) for a mortgage he said that he could give me the best rates possible, and this would be the last Mortgage Company I would ever have to deal with. He said he could give me a rate of 4.6%. I was getting 8.25% at my bank at the time. So in January 2004 I switched to Champion for the 4.6% rate. I had to pay for the whole closing costs and everything. After 1 year in January 2005 this person called and said I have to lock you in at a fixed rate of 7.25% for 14 years and that is the best I could do with your credit rating. They said if I wanted a lower rate I would have to buy it, pay for another closing and he would give me a rate of 6.0%.
I called other banks and they said what Champion did to me was ludicrous. Right now mortgage rates are at an all time low. I had several banks check on my credit and they said I have an outstanding credit rating. After all this I went with one of my local banks and they gave me a fixed rate for 15 years for 5.25%. I had to fork out another $4,500.00 for another closing at another bank and still lower than Champion which wanted 14 years at 7.75%. If this isn't a bait and switch then I got caught hook line and sinker.

Norman
ULSTER PARK, New York
U.S.A.
Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 08/07/2005 06:02 AM and is a permanent record located here: http://www.ripoffreport.com/reports/champion/parsippany-new-jersey-07054/champion-bait-and-switch-parsippany-new-jersey-152820. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Author of original report

Bait and Switch

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

I did not think they would rebuttal this. The person I got this loan from was Kevin Kreider. A lesson learned from this is that whenever you are talking to some one on the phone make sure you get there full names. Most of the papers they send me in the mail only have titles, like Loan Officer. Make sure you know who you are talking too.
Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.