Complaint Review: BANKRATE - Palm Beach Gardens Florida
- BANKRATE 3801 PGA Blvd., Suite 555 Palm Beach Gardens, Florida United States
- Phone: 561.630.2400
- Web: WWW.BANKRATE.COM
- Category: Mortgage Brokers, Mortgage Companies, Mortgage company , mortgage lending
BANKRATE BANKRATE.COM Bankrate Colludes with Large Banks and Lenders, i.e. Quicken to stifle Competition and Prevent Consumer to Get Lowest Rates Palm Beach Gardens Florida
Bankrate.com is forcing the small wholesale mortgage brokers off their platform by imposing a large minumum monthly spending limits, $3K -$5K.
Recently I have shopped Bankrate for the mortgage rates to refinance. The broker I worked with previously was not on listed, so I inquired with the broker. First the the broker tells me that their rates are lower than Bankrate's advertisers, and when I asked why they don't advertise on Bankrate, they said Bankrate removed the broker advertising for failing to adhere to the minimum spending requirement.
So the large banks and lenders, i.e. Quicken, win, and the consumer is the looses because the lowest rate
This report was posted on Ripoff Report on 08/08/2018 09:25 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bankrate/palm-beach-gardens-florida-33410/bankrate-bankratecom-bankrate-colludes-with-large-banks-and-lenders-ie-quicken-to-sti-1455582. 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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