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Report: #196515

Complaint Review: Vanderbilt Mortgage & Finance Company - Maryville Tennessee

  • Submitted:
  • Updated:
  • Reported By: Bear Delaware
  • Vanderbilt Mortgage & Finance Company 500 Alcoa Trail Maryville, Tennessee U.S.A.

Vanderbilt Mortgage & Finance Company ripoff, Can't refinace Vanderbilt loan........Monopoly is why Maryville Tennessee

*Consumer Comment: UPDATE>>>>I GOT REFIANANCED NO MORE VANDERBILT

*Consumer Comment: no one will refinance my loan from vanderbilt finance either

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Six years ago I bought a new 16 X 80 and financed it with Tammac Corp. Well they sold my loan to Vanderbilt and my interest rate is 16% so I called to refi it but Vanderbilt doesn't refi aquired loans. Ok no big deal I will shop around. WRONG.......... Nobody will refi a Vanderbilt loan I have applied at 20 different banks and my credit is good. They all tell me the same thing that they are backed by Vanderbilt and can lose there deal with them if they take one of there loans...Is this right? Is this America? Has anyone else tried to refi with same results? Vanderbilt SUCKS!!!!

Christopher
Bear, Delaware
U.S.A.

This report was posted on Ripoff Report on 06/15/2006 06:09 AM and is a permanent record located here: https://www.ripoffreport.com/reports/vanderbilt-mortgage-finance-company/maryville-tennessee-37804/vanderbilt-mortgage-finance-company-ripoff-cant-refinace-vanderbilt-loanmonop-196515. 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

UPDATE>>>>I GOT REFIANANCED NO MORE VANDERBILT

AUTHOR: Christopher - (U.S.A.)

POSTED: Sunday, August 06, 2006
Took Almost 6 yrs but I got refianced... Local bank got me 10% instead of 16.25% and instead of 20 yrs left to pay I have 12 yrs to go and to top it all off my payment went from $574 to $510 a month..... Thank you GOD for getting me out of the Vanderbilt Monopoly.....Good luck all ...
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#1 Consumer Comment

no one will refinance my loan from vanderbilt finance either

AUTHOR: Leigh - (U.S.A.)

POSTED: Monday, July 03, 2006
vanderbilt finance owned my citifinancial inc.

Biggest liars and cons in the financial
business. Their employees have been trained to lie cheat and con all customers.

Associates housing finance also owned my citifinancial got sued in 2001 to 2004 for packing loans and adding additional finance
charges and insurance premiums to loans.

With out the customer concent. They lost the law
suit in 2004 in the amount of 215,000,000.00 then there lons were transfered to vanderbilt
finance.

Copies of the complaint can be found at this web site http://www.ftc.gov
http://www.ftc.gov/opa/2002/09/associates.htm

They not only added in extra charges but they financed the loans backwards. They financed the loan with the down payment still added in to purchase price, added interest to all cost, taxs
etc. Then on the loan they made it look like they only added interest to the purchase of the home.

We bought our home in 1997 to find out in 2004
that associates had redone our loan the day after we signed our contract and added in 12963.
in credit life insurance premium for insurance.

This is only a short summary of what they have
done. But no lawyer will help us because of the coat involved in fighting corp. businesses.

So you need to file a complaint with the state banking & finance office, insurance commissioner
office of your state & the federal trade commission asap.

leigh
luthersville ga.
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