Report: #1093775

Complaint Review: Select Portfolio Servicing

  • Submitted: Tue, October 22, 2013
  • Updated: Tue, October 22, 2013
  • Reported By: Becton D — Center Point Alabama
  • Select Portfolio Servicing

    Salt Lake City, Utah

Select Portfolio Servicing SPS Select Portfolio Deceitful, lying, immoral, scammers Salt Lake City Utah

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

 The goal of this company/collection agency is to collect as much money from you as possible, before they take your home. Knowing that they will in no way modify your mortgage, or make your payments affordable, they try to string the homeowner along for months or years with promises of making things better. They lie to keep the cash flow going.

Example: After your initial modification is denied(which it certainly will be, they'll make up a reason) They will tell you that an in-house modification can be done. Their so-called in house modification is something that you wont be able to afford, its basically a shakedown. They will ask you to pay at least 3 times the amount of your regular mortgage payment, per month, for at least a year. Let's just say if your mortgage payment is $500 a month, you will be asked to pay $1500+ a month for a whole year......and that's after your are asked for a "good faith" exorbitant down payment.

If by some miracle you are able to come up with these payments, they will still invent a way to try to squeeze more money out of you.....and when the funds are completely depleted, here come the short sale, deed in lieu, and foreclosure talks. 

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 10/22/2013 11:33 AM 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

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!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.