Report: #1277849

Complaint Review: Quicken Loans

  • Submitted: Mon, January 04, 2016
  • Updated: Mon, January 04, 2016
  • Reported By: Lynda — Deer Park texas Texas USA
  • Quicken Loans


Quicken Loans Quicken Loans are predatory lenders Detroit, MI Nationwide

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 I was contacted by Quicken Loans in January, 2015 to apply for a loan.  I was approved immediately and then the fun started.  I paid them 500.00 in earnest money.  I had some issues with my home.  I did all the repairs to the tune of 3,000.00.  I faxed countless documents to them and it was never enough.  I am a senior citizen living on Social Security and it put me in a bad financial hardship.  In July, 2015 they denied my loan saying that my income was not sufficient.  My income is the same as when I first applied.

I am a senior citizen living on nothing but Social Security.  I have had a mortgage for the past 25 years and have never been late on a payment.  My credit score is 715.  This whole process has put me in a bad financial bind.  I had to put 3500.00 for the deposit and repairs on a credit card and now I am struggling just to pay it.  BTW, I never got my 500.00 deposit back.

I have NEVER heard of Quicken Loans ever giving back anyone's deposit.  If they did this to 1000 people (which they probably do in a month) their income from deposits would be 500,000.00.  To this just pocket change.

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