- Report: #306411
Complaint Review: American Lending Group AKA: Avant Lending - St. Peters Missouri
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American Lending Group AKA: Avant Lending
22 Richmond Center Ct. St. Peters, 63376 Missouri, U.S.A.
Phone:
877-279-2370
Web:
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American Lending Group AKA: Avant Lending Bait and Switch tactics: DO NOT BELIEVE THEM!!!! St. Peters Missouri
American Lending Group promised and confirmed by email the settlement charges and interest rate for a 20 yr fixed rate home loan on 1/23/08. They stated that I was locked in at that interest rate and that it would not change. I tried to reach the person I made the agreement with several time via phone and email and he would not return my calls, I even spoke to a so called boss of his and he did not call me back like he said he would. This went on until 2/5/08 when another person called and said they did not know what happened but my rate was not locked and they would like to offer me a new rate. I stopped a loan in progress to go with this company that offered a better deal and lost $500 doing so. This company should no longer be in business, this type of business practice has helped to push America into a recession and con people out of their hard earned money. And the sad part is they could care less. No one should do business with them.
If I was given the choice to spend the rest of my life in prison and do business with them, I would choose prison, at least I would get what was agreed upon.
Sam
Monroe, Georgia
U.S.A.
If I was given the choice to spend the rest of my life in prison and do business with them, I would choose prison, at least I would get what was agreed upon.
Sam
Monroe, Georgia
U.S.A.
1 Updates & Rebuttals
Gary
Denver,Colorado,
U.S.A.
I've had a positive experinece with American Lending Group
#2Consumer Comment
Sun, March 30, 2008
I actually found this website after I engaged with ALG and admittedly I was a bit worried, but in the end everything went extremely well. First, let me say that I am fortunate to be very well qualified for a mortgage with excellent credit, ample funds for the 20% down, and an excellent income. I also get "vanilla" 30yr, no lenders fees /no points mortgages, which narrows the competition down to negotiating just an "interest rate number". So, I'm tough to screw with and I strip away as much ability for any mortgage company to try. And...they have tried in the past...so I'm wary. This was the fifth home purchase in my life. That being said, AGL offered me the best rate (and I'm personal friends with a local broker so that's saying a lot). I dealt with Vinny Kahlon from AGL, who was always responsive both on the phone and email, always produced the documents I requested and when requested (I'm big on the rate lock and GFE form right up front). I never had to leave a message during normal business hours; I never had to speak with anyone else at the firm. He also engaged my realtor when requested to make my life a little easier. To be fair, a bit more information was requested than most mortgages I've applied to in the past, but I write that off to the current mortgage crisis, so no big deal. My loan was approved within two weeks of my application, and the package was delivered to the title company six days early (instead of the usual two). So everything went great. In closing, let me say that I have no affiliation with AGL or the lending industry. I found their rate on Bankrate.com (or loan.comI don't remember exactly). I'm a real person with a new real house and I have no other motive to write this other than what's fair is fair.
