Wilshire Credit sharks, crooks, deceptive Portland Oregon
I only wish I found this site earlier.....like 12 years ago!! Everything that I have read here has happened to me over and over and over again!! Just imagine....I've been stuck with this company for over 12 years now. What everyone has experienced, it has been 10 times worse for us! When we filed our CH-13, to save the house and only with that in it, our lawyer was amazed. I vividly remember her calling me a month after consulting with her and saying that she didn't believe the things I was telling her about Wilshire. She had heard before from other clients that their companies did this or that also, so when I told her my story, she was skeptical.
Anyway, she had the same encounters that I've told her and that's expressed here, i.e. not returning calls, figures always changing, rude and nasty behavior, etc. She called me to say that she now believes everything I said and can't understand how I managed to stay on top with all Wilshires sh**.
Two years into our BK, Wilshire contacts us stating that their accounting department has found that we still owe them 8 grand from 10 years prior. Lawyer responded "too bad you should of checked better during the discovery process prior to the court hearing." They have sent the sheriff to our home on several occasions, sent nasty letters demanding this money, attempted to garnish wages, etc. while we are still protected under the CH-13!!! Since then our escrow has increased tri fold (although taxes haven't!), our payments seem to go up every few months for this or that yet the actual loan is not going down!! I am now fearful for the day our BK ends - in less than 6 months.
Count me in if a class action suit should take place!! I have plenty of evidence to back up my stories......all 12 years worth (I'm a pack rat and I am so proud of it when it comes to this company!)
Joyce
Franklin Twp, New Jersey
U.S.A.
4 Updates & Rebuttals
Anna B
Palm Desert,Oregon,
U.S.A.
Loan companies and garnishments
#5Consumer Comment
Sat, October 06, 2007
A mortgage company/ loan servicer will not garnish your wages. They will take the house back. It doesn't make sense to try to garnish a borrower for thousands and thousands of dollars when they ( the bank) owns the house. In a chapter 13 you are on a payment plan for the amount of time that the plan is in effect, after that you still owe what you hadn't been paying. So it becomes due. Nothing is "forgiven" as it would be in a chapter 7 BK.
You aren't going to get garnished for back payments on a house.
Anna B
Palm Desert,Oregon,
U.S.A.
Loan companies and garnishments
#5Consumer Comment
Sat, October 06, 2007
A mortgage company/ loan servicer will not garnish your wages. They will take the house back. It doesn't make sense to try to garnish a borrower for thousands and thousands of dollars when they ( the bank) owns the house. In a chapter 13 you are on a payment plan for the amount of time that the plan is in effect, after that you still owe what you hadn't been paying. So it becomes due. Nothing is "forgiven" as it would be in a chapter 7 BK.
You aren't going to get garnished for back payments on a house.
Anna B
Palm Desert,Oregon,
U.S.A.
Loan companies and garnishments
#5Consumer Comment
Sat, October 06, 2007
A mortgage company/ loan servicer will not garnish your wages. They will take the house back. It doesn't make sense to try to garnish a borrower for thousands and thousands of dollars when they ( the bank) owns the house. In a chapter 13 you are on a payment plan for the amount of time that the plan is in effect, after that you still owe what you hadn't been paying. So it becomes due. Nothing is "forgiven" as it would be in a chapter 7 BK.
You aren't going to get garnished for back payments on a house.
Anna B
Palm Desert,Oregon,
U.S.A.
Loan companies and garnishments
#5Consumer Comment
Sat, October 06, 2007
A mortgage company/ loan servicer will not garnish your wages. They will take the house back. It doesn't make sense to try to garnish a borrower for thousands and thousands of dollars when they ( the bank) owns the house. In a chapter 13 you are on a payment plan for the amount of time that the plan is in effect, after that you still owe what you hadn't been paying. So it becomes due. Nothing is "forgiven" as it would be in a chapter 7 BK.
You aren't going to get garnished for back payments on a house.