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Report: #319691

Complaint Review: Greentree Mortgage/conseco - St.Paul Minnesota

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  • Reported By: Tucson Arizona
  • Author Confirmed What's this?
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  • Greentree Mortgage/conseco 345St. Peter St. St.Paul, Minnesota U.S.A.

Greentree Mortgage/ conseco Disability means nothing to this Company when they Rip you off St.Paul Minnesota

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When I finally got my disability money and decided to buy a mobile so I would always have a roof over my head. I looked and found a used mobile but still new enough I wouldn't have any problems. That's when I was given Conseco as the lender.

Nothing was explained to me as to what kind of loan I was getting.They didn't even say it was a Simple Interest Loan . The paper work said I would be paid off in 30 years and if I was late a 10.00 late payment which is normal.

Well,it started off fine. My payment date was the 15th and I got my disability on the 3rd so I would send it in so it made it before the 15th not realizing that they had some sort of rip off system that when they received my payment that I had 30 days from the date they received it instead of the 15th.Plus they charged 16.25 for everyday that I was late to them.

This went on for so long and I noticed my loan was going up not down.so I called to find out what was wrong and was informed of this practice and I had to make up all that money.Well, being on disability I tried to reason with them and all they could say was " Don't you have friends or relatives you can borrow thousands from?"

Needless to say I borrowed the money and got behind on payments and was informed they were going to throw me out and that unless I could come up with money more than what my payment was I would never pay the home off because I had a simple interest loan I guess means all I'm paying is interest and late fees.Now I'm going to have to bankrupt and just gave away 50,000.00 to a company for a 32,000.00 mobile home.Thank God I have family that gave me a place to live or I'd be homeless and disabled and they don't care! I forgot to mention I started with Conseco and they sold my contract to Greentree Mortgage

Dianne
Tucson, Arizona
U.S.A.

This report was posted on Ripoff Report on 03/20/2008 01:01 PM and is a permanent record located here: https://www.ripoffreport.com/reports/greentree-mortgageconseco/stpaul-minnesota-55102/greentree-mortgage-conseco-disability-means-nothing-to-this-company-when-they-rip-you-off-319691. 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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