- Report: #995110
Complaint Review: BHM Financial Group - Montreal Quebec
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Author Not Confirmed
Why?
BHM Financial Group
1090 Avenue Pratt Montreal, H2C2V2 Quebec, Canada
Phone:
8777871682
Web:
Categories:
Business Rating:
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BHM Financial Group - Don't do this! Montreal, Quebec Canada
My advise to you is to never use this company. I went to them at a time of need and now I am worse off then I was in the first place. The company advertises "fast & easy, bad credit loans," a loan which is a lean on your car, which is fine. The part that sucks, is the interest they charge is over 80% or more! I took a loan of $9,400 and after eight payments of $485.72 I owe the company $9,602.07
I can not believe that I paid them over $3,000 and I still owe them $200 more than the original loan was worth! Today I asked them for a complete break down of my payments. Want goes to my principal vs. their interest. This is the worse situation I have ever been in and I blame myself for getting to this point, however, the company is taking advantage of desperate people at a crazy rate interest and below should not be dealing with them in general. I am today looking for a way to get out of this so I don't pay them $15,000 on a $9000 loan over three years.
I promise I will never get to this place again, however, I will never recommend and hope you think twice about using this company. They are robbing you!
I can not believe that I paid them over $3,000 and I still owe them $200 more than the original loan was worth! Today I asked them for a complete break down of my payments. Want goes to my principal vs. their interest. This is the worse situation I have ever been in and I blame myself for getting to this point, however, the company is taking advantage of desperate people at a crazy rate interest and below should not be dealing with them in general. I am today looking for a way to get out of this so I don't pay them $15,000 on a $9000 loan over three years.
I promise I will never get to this place again, however, I will never recommend and hope you think twice about using this company. They are robbing you!
1 Updates & Rebuttals
BHM Financial
Montreal,Quebec,
Canada
A Reply From BHM Financial Group
#2UPDATE Employee
Fri, October 28, 2016
Due to the unofficial complaint submission, we are unable to identify your account with BHM Financial. To further assist in regards to your loan, we have to be able to identify your account.
At BHM Financial, our interest rates are explained in details and written clearly on the loan agreement per federal and provincial lending legislation. Our written agreements define your loan term and monthly repayment amount.
