Online Lender Fraud – AMERISAVE – Piggington's Econo-Almanac

This topic has 2 replies, 3 voices, and was last updated 11 years, 3 months ago by ybitz.

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August 13, 2014 at 9:03 AM #21214

HLS
Participant

If you used AMERISAVE to get a loan you may be entitled to a cash settlement for being overcharged.

The CFPB says the company lured consumers by advertising inaccurate interest rates it had no intention of providing.

1. http://www.bizjournals.com/atlanta/news/2014/08/12/amerisave-to-pay-19-3m-for-bait-and-switch.html

2.
http://www.cleveland.com/consumeraffairs/index.ssf/2014/08/cfpb_orders_amerisave_to_refun.html

August 13, 2014 at 8:19 PM #777348

CA renter
Participant

Thank you for sharing this, HLS.

August 14, 2014 at 8:45 AM #777351

ybitz
Participant

eeek, thanks for posting this. I refi’ed with Amerisave twice (they currently own my mortgage). From my experience:
When asking for a rate quote, you put in your credit score. The instant rate quote changes based on what you put.
Then you pay for the credit check, and they use the lowest score out of the 6 credit scores (3 per credit score agency, for both my wife and I). In my case, the rates were still better than anywhere else, so I still went with them.
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