Wilshire Credit Corporation ripoff dishonest fraudulent billing, threaten to place into default add false late fees rude people Portland Oregon

Looking at the other horror stories here, we can see we weren't the only ones. Wilshire "lost" 8 months of our 2004-5 payments according to our pay-off history. We have all cancelled checks to prove payment. Our original loan was for 65000.00 and we have had the loan since 1998 and their payoff quote was 85000.00 plus. Hmmmm. Talking does no good since the person you talk to today usually doesn't work for them very long and apparently no history notes are ever posted to the accounts. I would love for these crooks to get whats coming to them. Wilshire bought the account from Fairbanks Capital Corporation who were already in a class action suit for illegal fees, etc. Our settlement check for over 4000.00 in illegal fees...357.00 and they still didn't credit the account back the illegal fees...WHAT!!! If anyone does anything with this, my husband and I are more than willing to provide information, etc. for a class action suit against Wilshire. We have plenty of documents.

I have had a bad experience with Wilshire financial like yourself. We refinanced our home in december of 2004 with Ameriquest Mortgage (another problem company). In May of 2005, my company tranferred me out of state. I had to sell my house. I put the house up for sale and then I received a letter in the mail stating that Wilshire bought my loan. I called Wilshire stating that the house was on the market for 115k. I owed 108k on the house. Ameriquest appraised the house for 120k. No one was touching the house at the price. In fact,the highest offer was $94,000. We contacted Wilshire and told them that we could'nt even get 100k for the house. They told me that they would do a "short sale". We needed to move and I wanted to continue my job. I filled out all of the paperwork for the short sale and waited. Well, after 2 months of waiting, I called Wilshire and they told me that they would'nt process my request. They sent thier appraiser and he said the house was worth 95k. This is 6 months after Ameriquests 120k appraisal. I informed Wilshire that the people that put in the offer wanted the house and I had to move. Finally, to make a long story short, I stopped paying on the house. I could no longer afford to keep it. Wilshire took it and I now have poor credit. I hope that Wilshire credit and all the employees in the loan workout department go to prison! They are scam artists. I will also be glad to be part of a class action lawsuit against Wilshire. I hope you like your new house Wilshire!

Well I wanted to comment on what has transpired since this post. I had retained an attorney, thank goodness with no cost to myself, and was preparing to file suit. None of my letters to the 6 officers were ever responded to. I couldn't send them certified because they only list POBoxes, how cleaver.

But through all the agencies and legal firms, you know what got their attention the fastest??? It was this original post on ripoffreport.com. I recieved a call for the loan division vice-president. I got the usual ,"this isnt our fault" kinda thing, "but what can we do to make this better?" They FORWARDED me the missing funds. First of all how can you forward me funds that you were paid. Anyways, they denied breaking the law with RESPA, go figure.

I have since gotten rid of Wilshire, I got an equity line of credit through my bank (no closing costs) and kindly paid them and told them to *#@^ off. My payments are 50% less. And the bank is 5 miles from my front door.

All I can say is from now on when dealing with companies that can destroy your future with misinformation and employing retards, tape record the conversations, and let them know you are doing so. This way there is no mistake on who is breaking the law! And you will have the best witness you can ever have that doesn't forget and can't get baught.

Well I wanted to comment on what has transpired since this post. I had retained an attorney, thank goodness with no cost to myself, and was preparing to file suit. None of my letters to the 6 officers were ever responded to. I couldn't send them certified because they only list POBoxes, how cleaver.

But through all the agencies and legal firms, you know what got their attention the fastest??? It was this original post on ripoffreport.com. I recieved a call for the loan division vice-president. I got the usual ,"this isnt our fault" kinda thing, "but what can we do to make this better?" They FORWARDED me the missing funds. First of all how can you forward me funds that you were paid. Anyways, they denied breaking the law with RESPA, go figure.

I have since gotten rid of Wilshire, I got an equity line of credit through my bank (no closing costs) and kindly paid them and told them to *#@^ off. My payments are 50% less. And the bank is 5 miles from my front door.

All I can say is from now on when dealing with companies that can destroy your future with misinformation and employing retards, tape record the conversations, and let them know you are doing so. This way there is no mistake on who is breaking the law! And you will have the best witness you can ever have that doesn't forget and can't get baught.

Your in for a long ride down a dead end road. Ive been dealing with these people since 1996.And it doesnt get any better,just worst,I tried the same thing spending extra money to send my payments certified.But that didnt help either.It did get some responce though, I was yelled at and told not to do that any more.The lady that said that also questioned me as to why I was so stupied to send a certified letter to a postoffice box. Which my respond was so I know and you people know too when my payment was recieved,couse I was told once by a man there that the reson one of my payments was short was because they only cashed half my check.That was a big laugh.He even as much as told me to check with my bank on that.Where do they get them?Im sorry to give you bad news,but it really does get worst,I stuggle with them every month and will until I can find an honest attorney thats willing to fight for the consumer.Good luck, And if you hear of a lawsuit let me know,Ive got lots of evidents.Some I dont think they know they gave me.

I have had the exact same problem, right down to my billing address that it took them 6 months to correct. Fortunately, I kept all documentation of my attempts. I'll be looking for similar problems as proof of Wilshire's negligence if I have to sue them, and would be happy to help others if I can.