ED Magedson – Founder
Lobel Financial303 San Mateo Blvd Albuquerque, New Mexico USA
Lobel Financial Insurance Scam Albuquerque New Mexico
On June 10th 2013, Lobel showed up with a repossession order for not showing proof of Insurance. We purchased the car in February 2013 and also paid a 2000 down payment, and like everybody knows it is the law for you to get full coverage before you can take the car off the lot. We got insurance with Farmers in the North Valley with an agent we have used for several years. We paid every payment which was only 3 since we got the car, and was never notified of them never NOT receving the proof of Insurance. After the tow truck took the car, the tow truck driver apologizing up and down that he has repossed 6 cars this week for Lobel for the same reason. He straight up said "If you get your car back, refinance cause Lobel Financial are a bunch of crooks, and the only reason he took the warrents is due to a lack of work." I called Lobel and they said they will have to call us back. After I wait about 10 minutes, I received a call from a woman saying she will call me back the next day to give me the details on how to get my car back. I have already verified with my Insurance agent that she has sent the proof over 7 times via fax and email. I even have took the proof to our local office located here in Albuquerque and they did not Fax it either. Luckily I have another car paid off that I can take my kids to daycare and my wife to work. I worry about those people that need their car for doctors appointments. Just an example maybe a Cancer patient needing radiation. Lobel has no respect for their customers, do not know how to provide customer service, and overall just dont give a @#$%. I have got in contact with my Attorney Generals office and am in process of finding a law that Lobel Financial broke today when picking up my car without prior notice. **** PLEASE READ: IF YOU ARE READING THIS DO NOT LET LOBEL FINANCIAL FINANCE YOUR CAR LOAN**** I swear that you will regret it. I will post tommrow as soon as I hear back from them and see what they want in return of my vehicle. I know there are way more important things going on in the world besides me losing my car in the most unproffesional manner today. Like over 500 murders that happened in the South side of Chicago last year. Just thought if my post stops one person from giving there hard earned money to Lobel Finacial to steal it, it would be well worth it.Thanks for reading and god bless ! Excuse the Grammer and spelling done while driving and on my smartphone.
This report was posted on Ripoff Report on 06/10/2013 07:08 PM and is a permanent record located here: http://www.ripoffreport.com/reports/lobel-financial/albuquerque-new-mexico-87108/lobel-financial-insurance-scam-albuquerque-new-mexico-1058072. 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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