- Report: #33481
Complaint Review: Conseco Finance - ST Paul Minnesota
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Author Confirmed
Why?
Conseco Finance
500 landmark Towers, 345 St. Peter St. St. Paul, MN 55101 ST Paul, Minnesota, U.S.A.
Phone:
800-443-4505
Web:
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Conseco Finance ripoff consumer rip-off fraud St. Paul, Minnesota
I took out a consolidated home equity loan with Conseco Finance(Home 123 with Bob Vila) in the year 2000. I have been making timely payments since then. However, I finally noticed, much to my dismay, that almost 100% of my payment is applied to the interest and the principal can have as little as $1.80 toward the principalor nothing toward the principal and all the payment goes for interest.
My principal has not decreased harding at all in two years. I have contacted a lawyer and he has confirmed my feelings that I am being ripped off regarding my payment history with Conseco and how they are applying my payment. They have me locked in regarding selling my home, or refinancing. The court records show Conseco Finance as my mortage company when actually Washington Mutual is my primary mortage company.
I am warning anyone who is thinking of dealing with Conseco Finance to not do it. They will own you, and the only person you can talk to about anything is Customer Service. The Legal Department won't even talk to me they transfered me to Customer Service.
I have a hard time too understanding anyone in customer service since few speak good english. So now, I am using the Ripoffrepot sight, the attorney general and am hiring a lawyer.
Beware of Conseco Finance they are not user friendly.
Sandy
Candler, North Carolina
My principal has not decreased harding at all in two years. I have contacted a lawyer and he has confirmed my feelings that I am being ripped off regarding my payment history with Conseco and how they are applying my payment. They have me locked in regarding selling my home, or refinancing. The court records show Conseco Finance as my mortage company when actually Washington Mutual is my primary mortage company.
I am warning anyone who is thinking of dealing with Conseco Finance to not do it. They will own you, and the only person you can talk to about anything is Customer Service. The Legal Department won't even talk to me they transfered me to Customer Service.
I have a hard time too understanding anyone in customer service since few speak good english. So now, I am using the Ripoffrepot sight, the attorney general and am hiring a lawyer.
Beware of Conseco Finance they are not user friendly.
Sandy
Candler, North Carolina
1 Updates & Rebuttals
Conseco Finance Corp. St. Paul, MN
#20
Fri, November 29, 2002
I want to ad that I recently tried to refinance my home to rid myself of Conseco Finance. After an appraisal fee by the bank I was told that because of my debt with them I could not qualify for refinancing. I was also told that in the year 2000 I did not have enough equity in my home to even qualify for a loan with them. The loan should never have gone through. I quess they will do anything to lend money so you are obligated to them and have your hands tied for years. I plan to seek the help of my lawyer once again to at least have the amount of interest I pay each month looked into and their unlawful billing practices investigated.I pay almost 100% in interest after 2 years of payments.I have e-mailed the Attorney General and the Better Business Bureau too. If anyone has a suit against them would they please let me know how you are doing and what I can do also to help.
