- Report: #1455582
Complaint Review: BANKRATE - Palm Beach Gardens Florida
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Author Not Confirmed
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BANKRATE
3801 PGA Blvd., Suite 555 Palm Beach Gardens, 33410 Florida, United States
Phone:
561.630.2400
Web:
WWW.BANKRATE.COM
Categories:
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BANKRATE BANKRATE.COM Bankrate Colludes with Large Banks and Lenders, i.e. Quicken to stifle Competition and Prevent Consumer to Get Lowest Rates Palm Beach Gardens Florida
Bankrate.com is forcing the small wholesale mortgage brokers off their platform by imposing a large minumum monthly spending limits, $3K -$5K.
Recently I have shopped Bankrate for the mortgage rates to refinance. The broker I worked with previously was not on listed, so I inquired with the broker. First the the broker tells me that their rates are lower than Bankrate's advertisers, and when I asked why they don't advertise on Bankrate, they said Bankrate removed the broker advertising for failing to adhere to the minimum spending requirement.
So the large banks and lenders, i.e. Quicken, win, and the consumer is the looses because the lowest rate
