Report: #1395662

Complaint Review: Americor Funding - Nationwide

  • Submitted:
  • Updated:
  • Reported By: Dave — Pearl City Hawaii USA
  • Americor Funding Nationwide USA

Americor Funding Americor LoanAmericor Funding, Inc. Not a Loan and Will Ruin Your Credit Nationwide

*Consumer Comment: Lies

*UPDATE Employee: Correction to post

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Dont even waste your time; it will ruin your credit worse and tell you that you can't make any payments to your current creditors so they can negotiate a hardship restructure with your creditors.

They say they will add a credit line to you just so your credit useage will be lower but it is not a loan for you to pay back. This will in fact make your score higher but then you will have negative non-payment reports from the other creditors and you wont be able to get any credit anywhere after that for a reasonable rate.

They are sending mailings that you qualify for a consolidation loan but that is just a scam to get you to call and waste your time for them to settle with your current lenders.

This report was posted on Ripoff Report on 08/25/2017 06:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/americor-funding/nationwide/americor-funding-americor-loanamericor-funding-inc-not-a-loan-and-will-ruin-your-credit-1395662. 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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#2 Consumer Comment


AUTHOR: Ryan - (United States)

POSTED: Wednesday, July 11, 2018

 This is in regards to the so called employee that tried to rebut the original statement. They are lying. I’m not sure what employee Americor set up to file their response, but Americor will waste your time. They will send you a "credit card” for some ridiculous amount that you are pre-approved for. Then they will jerk you around in a circle until it finally comes out that you should let them deal with your creditors. If you want your credit dunked even deeper in the toilet, then agree to work with them. If not, just tear up their mailer. Write them a letter, handwritten in ink, telling them to never mail you another lie again because you don’t have the time to be treated like the moron they think you are.

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#1 UPDATE Employee

Correction to post

AUTHOR: Administrator - (United States)

POSTED: Monday, December 18, 2017

Most people responding to our mailing are drowning in debt. They are managing high interest credit cards and making minimum payments with no hope of paying their debts off in a reasonable amount of time without a windfall of cash. These people may have always made on time minimum payments to their creditors, but have little to no purchasing power. Our line of credit can be used to pay off credit card debt once and for all. The reviewer writes about credit scores, but as most people know, there are 5 factors that affect your credit score and payment history is just one.

Your level of debt is 30% of your credit score. Credit scoring calculations, like the FICO score, look at a few key factors related to your debt: the amount of debt you have overall, the ratio of your credit card balances to your credit limit (also called credit utilization), and the relation of your loan balances to the original loan amount. Being maxed out on all of your credit card does not equal buying power. At Americor we have thousands of clients that are very happy with our product and services.

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