Update on Post…Is Quicken Loans a Scam?
On May 15, 2009, I asked my readers a question…
I had had a relatively good experience with a mortgage refinance with Quicken, and had suggested Quicken to a friend, but my friend felt like Quicken Loans scammed him out of $750.00.
As of today’s date, this question about Quicken Loans has lead to over 110 comments…and most of them are truly worth taking the time to read. Many of my readers have left rather lengthy accounts, and sadly, many feel they were duped by “mortgage experts” at quicken loans.
I give you this update because this morning I found This Quicken Loans Article online and it made me sad for my readers who have complained. I don’t know anything more about this West Virginia fraud case, but my suggestion is to do your research before giving Quicken Loans, or any mortgage company, any upfront deposit money.
Again, I personally had a very good refinancing experience with Quicken here in Michigan in 2009, but there is quite a bit of feedback here that stopped me from using them a second time, when I refinanced again this week.
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September 24th, 2011 at 9:07 pm
Basically many of these refinance companies try to outsmart customers, which is not a good thing.
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September 24th, 2011 at 10:23 pm
Links…
[...]Sites of interest we have a link to[...]……
September 25th, 2011 at 9:21 am
I have used Quicken loans in the past and had no trouble with them.
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October 1st, 2011 at 5:53 am
Hmm, a few people I know have used the services of Quicken Loans without any problems but bad luck for your friend. Hope he can recover part or all of it somehow if possible.
-Jean
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October 2nd, 2011 at 11:14 am
I am sorry for this
I never applied for a loan to this company, so I do not know how to help you
We’ll see how the lawsuit proceeds
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October 3rd, 2011 at 5:31 pm
To be honest quick loan means payday loans. It is possible to get loans under 24 hours but their interest rates are really high. A normal person can not afford for this. But other than this most of the other types of loans are dirty and scams.
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October 18th, 2011 at 5:57 pm
I have unfortunately gotten myself into thousands of dollars in debt and need to make some forward progress. I would like to consolidate my loans but I am not sure of the best way to go about doing that. Does anyone have any advice?
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October 28th, 2011 at 9:21 am
Really this information is more informative & valuable. Thanks for sharing the great information among us.
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January 11th, 2012 at 11:44 am
It is terrible to hear someone getting scammed out of this kind of money. That was a large amount.
- Robert
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June 22nd, 2012 at 12:01 pm
Nowadays we need to search thoroughly about things that includes money. People can do anything just for money. Sorry to hear that.
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June 23rd, 2012 at 1:08 pm
Getting a loan through quicken was a long process.
They asked for more information than you can imagine.
In my opinion Quicken loans is in trouble.
They are selling mortgages in which the home owners have over 700 credit scores.
Why would a lender sell mortgages that are of low risk?
I wonder if they are bundling good and risky mortgages and selling them?
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