Anonymous
map-marker Mountain View, California

Balloon Payment Review

I have one now. I recieved a letter saying they want me to pay a balloon paymen, about $3k. When I made the deal with them I asked if there would be a balloon payment. I was told no. The signing the contract was signed on the hood of the reps car. Again I asked about a baballoon payment. Again I was told no. But she couldn't even tell me my monthly payments. I would not have signed if I knew how much. And there is always a new way to demand more money. My payment was due may 22nd, and I am afraid they will take my car. Thank yout
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Anonymous
map-marker Mountain View, California

Wilshire Credit Loan Review

I have a loan from wilshire right now. I was told I had to pay $3k this month I asked when we were setting up the deal if there would be a balloon payment. They said no. The paper work was signed on the hood of the reps car at my jobs parking lot. Again I asked about a balloon payment, I was told no again . When I asked about the monthly payments, I was told I would get a bill in the mail. I never would have taken the loan if I knew how much it was. Then there is always some other thing they take on the bill. Thank you
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Anonymous
map-marker Atlanta, Georgia

They foreclosed fraudently on my house!!!!!!!!!!

In 2007 Wilshire credit told me they were foreclosing on my house and that if I did not want my belongings put out on the street I should move fast. I was never late with my mortgage and paid up to date at the time. I called them only to ask if for the first time I could have 10 days extention because my mother had just passed away the day before and I needed to take care of her funeral. they did not have any concern instead they said No and that they did not care. During that time I received calls every 2 hours with voice messages saying if I did pay right now that the sheriff would be at my door..... I moved out!!! Wrong thing to do because they did not foreclose until 2009. @ whole years later instead they changed the locks on my house with out my knowledge and called the utilities company "In my name" using my social security number and info and had my utilities put back on also without my knowledge. I did not find this out until I filed Bankruptcy in 2009. Wilshire credit would not give me a chance to sell my house they blocked all interested parties to the extent that the real estate companies told me they did not want to contact them anymore. They are preditores and should be put out of business permanently !!! DO NOT DO BUSINESS WITH THEM AT ALL!!!! ALSO THEY ARE USED BY BANK OF AMERICA NOW!!! Watch out for the 2 of them. If there is a lawsuit going on please let me know.. I also found out that they were not licensed in Atlanta, Ga.
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Loss:
$300000
3 comments
Guest

I worked in the mortgage industry as well and they don't just Foreclose for no reason. You get a notice of intent to Foreclose and an eviction notice after the sale.

If you were never late why didn't you show proof that you made payments on time? Mortgage payments are either due on the 1st and sometimes the 15th and you get a 15 day grace period. So come on..... There is no truth to your story.

And the reason they had the power turned on is because you abandoned the property. They have to winterize it, put lockboxes on and protect the house. They don't just call the power company and use your ss#. I'm so glad I'm not working In the mortgage industry any longer.

Everyone is always the victim but it's never the customers fault.

Look if you can't afford to make the payments they work with you. But if you can't even afford that it's time to put your home up for sale.

Greenley Amt

Never late and paid up to date. You ask for a 10 day extension; they say no and begin calling you, so you pack up leave your house?

All paid up, everything is perfect and then all goes to he1l in a hand-basket over asking for a 10 day extension?

You couldn't make the payment 10 days late and then pay the late fee the following month?

No chance to do that, you had to pack and run before the sheriff came a knockin'?

:sigh

This site is never ending amusement! :grin

Guest
reply icon Replying to comment of Greenley Amt

Lmao. Ricochet-rabbit.

I dont understand why people try to.sound so victimized, This is funny because i work for banks changing locks, winterizing, lawn care, and cleaning out the houses. I know for a fact that you get a 60 day notice of eviction and ypu dont have to take anything of yours if you dont want to. Also, you have to be way behind on payments and i mean like months before you get a 60 day pay or leave (eviction notice). Also, they will take a reasonal payment.

The other thing is the only way your utilities would be on is if it was a condo or town home. Try adding some truth you.

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Danielle Mullins
map-marker North Royalton, Ohio

Auto title loan

I took a loan out on my van with these people had some money issues got behind on my payments, they came during night and took my vechile, with all my belongings in it.I called to see how much to get my van back they said 2800 with repo fees and other charges. The orginal loan was 2500, i am not paying 2800 that would be doubled more then what my loan was. This company will not work with their consumers. They are rude and take people stuff without trying to work something out. They also have not sent me a billing statement in 3 months.
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Loss:
$2500
2 comments
Guest

This is what happens when you don't pay your bills, or take responsibility for your obligations.

I hope your "man" is at least giving you a lil summin summin.

Avanna Orn

Thank you for sharing your feedback with Wilshire Consumer Services. We take all of our customers’ concerns seriously.

We apologize for the negative experience you had with our company.

We do not support this type of customer service, and we are working very hard to make sure that everyone is helped effectively and within a timely manner. If you have any questions about your account, please contact our customer service team at 800-589-0290.

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Anonymous
map-marker Fontana, California

I have paid 30000 on ten thousands and now repo for 2 late payments and given 1 day to make a paymen

barrowed ten thousand dollars and they chared me a 99% intrest on my title loan i have payed 30.00000 and only paid 5.000 on the ballance .the payment is 800 a month i was two payments behind they repo my car and told me it goes to acution tomarro if a payment is not recieved by noon tomarrow they have no right to sell my car after i have paid so much money to them these people are hart less theves do not do anything with them it will hurt you in the long run do not trust them,,
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Loss:
$35000
2 comments
Guest

Wilshire was/is terrible. They had a loan of mine that they bought from another lender?

Later sold the loan to Bank of America. Wilshire is reporting 30 and 60 day lates on my credit and Bank of America also doing the same. I called BoA and argued with them that since they had the loan every payment was on time and they were reporting something they cannot stand behind. They argued back and would not stand down on phone but it came off my credit one month later.

Wilshire has it reported to all 3 credit agencies with different dates???

Calling Wilshire gets nowhere and credit adgencies have not removed it? Any advice?

Guest

You signed the papers DEADBEAT! Next time READ them!!!!!!! :cry :cry :cry :cry :cry :cry :cry

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Anonymous
map-marker Shamokin, Pennsylvania

Gave us bad credit

wilshire sold our home loan to bank of amer.. Then did not remove the loan or even show that it was paid. We sold the property a year ago in Oct. paying off the home loan. It still shows today as not being paid. Thus giving us bad credit . stating the loan was never paid off, and was in foreclosure. Now we are applying for a new home loan. and because of this. The bank is saying they may have a hard time granting us a home loan because of what is on our credit report. thank you very much WILSHIRE credit corp.
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stopcarfraud
map-marker King City, California

Wilshire Consumer Credit

if you have done business with wilshire consumer credit and Westlake financial tried to collect on the debt by taking over payments or trying to repo your car please let me know. also if you have faced any type of predatory lending acts from Wilshire Consumer Credit or Westlake Financial Please let me know I will let all of you know about the lawsuit shortly. if either company has called your family or friends or your work it is against the Fair Credit Act, please make notes of the dates and times. please email me directly at clarionla@***.com with your stories.
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9 comments
Guest

yes my car repo only late 1 and 1/2 months. no phone calls.

Guest

I entered a loan, couldn't keep up with the payments, had my car repo'd paid off a large portion of the loan to get car back, was supposed to enter an agreement of a plan to pay off the rest but never received anything. Even after I emailed them for receipts and paper work nothing ever happened even after they responded.

I had my car repo'd again without warning. Its like they want your interest rate to go to a certain point and then just take your car so you can pay it all off at once.

Guest
reply icon Replying to comment of Guest-872691

Hey Einstein, maybe YOU should avoid a Repo by YOU paying YOUR bills on time!

Guest

We entered into a title loan with Wilshire over three years ago. The original amount was 4700.00.

I was to pay 360.00 a month for the three years. I did this. Some payments were late but I paid that amount for the entire 36 months. Wilshire sent me a letter demanding that I pay the balance of my loan in a balloon payment of 4900.00 at the end of the three years.

I have paid these people over 12,000 dollars thus far now they are demanding another 5000.00 or they will repo my truck.

I don't know what to do at this point. Any help would be greatly appreciated.

Ailsa Ujo

Well ... my FIRST payment with Wilshire Consumer Credit is due tomorrow and I'll be damned if they didn't come and repo my truck TONIGHT!

I called Wilshire immediately and attempted to explain the obvious error on their part and I was informed that the repo place is CLOSED until tomorrow! They had not explanation - only said that my payment was due APRIL 21st NOT MAY 21st! I never received my paperwork, as everything was done by computer!!!!!!!! They didn't even have my P.O.

Box down .... NO phone calls as they never recorded my new number or ANYTHING. They tried to tell me that they called me several times at work and well, BULL-***! There's NO way they called me at work, as I'm there a lot and when I'm not, I would receive my messages.

When I asked WHO they left messages with, well, isn't it funny how they had NO names for me?!?!?! Here I am - supposed to be sleeping and simply waiting for tomorrow to get here so that I can call ALL THESE SUPER-COMPETENT people back and get my truck. I'm so pissed that I'm really finding it difficult to talk.

All I know is this: I BETTER get my truck back TOMORROW! I'll let you know the outcome.

Guest

Wilshire Consumer repo'd my car even after we had come to a payment arrangement. The arrangement was only necessary after there representative did not setup my auto payment as she said she would.

I received notice the day AFTER my car was repo'ed to contact the VP, so we could make arrangements. When I let the company know that I received this letter and the repo was done prior to this notice which means they jumped the gun. The gentlemen became rude and has lied to me ever since. I have been given several different amounts in to which I am to pay to get my car back.

No one knows where my car is. I can be contacted at mommytech2012@***.com.

Guest

:( I was calling them to tell them my payment was going to be 1 day late, I was yelled at and by Patty then she also told me I don't want your money I'm coming to repo my car, then I asked to speak to her supervisor she just hung up in my face. they call my old job that i no longer work at, they constantly call family and friends telling them I have a car of theirs and they are going to have me arrested if I don't give them the car.

then they keep sending repo men to my house at all times of the night, All i wanted to do was send my payment 1 day late and I get attacked, mentally abused and threatened, that's not good business etiquette. These people need a reality check and they also need to go back to training to be more professional.

William G Qwq

I am being dragged through *** with these ***. Please let me know if there is anything I can do to help out!

Guest

I have had this company contact my relatives, who live out of state and make false statements to them. Telling them such things as," they told us you were hiding the car for them." And this is after we had been in contact with them daily attempting to renegotiate our contract !

Even after notifying them of their behavior and stating to them , this was a violation of FDCPA, the harassment did not stop ! I will gladly join your efforts.

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Anonymous
map-marker Austin, Texas

Wilshire Journal by Michael Britt

11-14-11 Called Wilshire for pay-off on loan. Was told the pay-off would be valid until 11-21-11 and the amount would be $4654.77. No credit received.11-15-11 Was told by customer service rep. that it would be credited the day of receipt and reflected in account on the morning of 11-16-11.11-16-11 Called in am and ask why payment was not credited and was told that credit would be applied by afternoon.11-16-11 3:35PST Called and talked to CSR which said it would be credited the night of the 16th and show on the 17th. When ask where the check was, he could not give me a straight answer. I ask to speak to a supervisor and replied yes reluctantly. Then I spoke to Supervisor Tony which said he didn't know where the check was. I ask if he could call and check with the payment center he had referred to and he replied that he couldn't and that they could not receive incoming calls. That was the end of the conversation.11-17-11 5:40am Checked account for update and found that no credits have been posted.11-17-11 1:32pm Tony De Leon called me from Wilshire Consumer Credit to let me know that I had sent the Certified Check from Bank of America to the wrong address. I told him that the address was given to me by the girl that I had gotten the pay-off from and process was performed just as she had instructed with no variations. He requested a copy of the check and he would make sure the problem would be resolved. I scanned the check and emailed it to him at Tony De Leon jdeleon@***.com. 2:12pm Tony emailed me and afterwards called to verify that he had received my email with the check copy. He also told me that it would still be another 10 days before I receiving the title.11-18-11 I checked my account this morning and the account balance was zero. Note: I feel that Wilshire still owes me interest from the 15th of November when they received the check through the 21st of November when the interest was charged. I still want my title released immediately.11-29-11 On or about 12pm I checked with the Texas Department of Public Safety at 512-837-****, option 5 to verify that lien has been removed, CSR informed me that there was still a lien against my vehicle.11-30-11 Sent the BBB in Los Angeles an email after calling The Texas Department of Public Safety to find out that my title still had not been released. They replied to say that it would be noted and be on their file for 36 months. As far as I know, no action has been taken. It's been 15 days and counting since Wilshire sign for my certified check from Bank of America.Called District Attorney's office to find out if they could take any action or make a suggestion as to what I should do. Their told me there was nothing they could do and could not advise me. 12-02-11 Today I called the Texas Department of Public Safety to find out that my car title , was not released from a payoff that took place on 11-15-2011. I called the Texas Attorney General's office, which couldn't do anything, but they tried…Wilshire is no longer licensed in the state of Texas. Texas was a lot smarter than I was…..Also called the California Department of Corporations; took my number and said someone would call me…Not holding my breath on that one.. Cc: California Department of Consumer AffairsCorrespondence Unit1625 North Market Blvd., Suite N 112Sacramento, CA 95834(8**) **2-5210 BBB of the Southland, Inc.Serving Los Angeles, Orange, Riverside, and San Bernardino Counties 315 North La Cadena DriveColton, CA 92324 Phone:(909) 825-**** Fax:(909) 825-**** Office of the Attorney General Consumer Protection Division PO Box 12548 Austin, TX 78711-**** Federal Trade Commission 600 Pennsylvania Avenue, NWWashington, DC 20580(2**) **6-2222www.ftc.govCalifornia Department of CorporationsFinancial Services Division320 West 4th Street, Suite 750Los Angeles, CA 90013-****Toll Free: (866) 275-****Web Site: http://www.corp.ca.gov Travis County District Attorney's OfficeAustin, Texas
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Loss:
$4700
Anonymous
map-marker Bakersfield, California

*** wilshire credit

Ive spent so much time with the scuzz bags from Wilshire consumer credit, Im not even going to waist my time here. BE ADVISED, they are blood sucking maggots that will make you wanna go out and kill something. If you have a brain in your head, you will run, not walk as far and fast as you can from this company. 4 days late with my payment, I have Hugo the 'REPO' man on the phone at 6 am on a saturday telling me hes coming to get my car.. They LIE about the interest rates LIEEEEEEEEE THIS IS COSTING ME A FORTUNE.............. Mark my words people YOUVE BEEN WARRRNNNEEEDDD
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Joreatha A
map-marker Los Angeles, California

Costly car loans.

How long most I keep paying for a car loan obtained in 2008? Here it is..the loan I got was charged 69% the loan matured in Nov 2011 and I'm still being told I owe $ 2488.00 .Is there a way to find out if I have been gouged? I am a senior with a limited income and I cannot afford to keep paying into a loan that clearly appears to be costing an amount that is more than it should be and involves changes made to my contract without authorization or knowledge from me. Pleas Help me.
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Amany Okz
map-marker Dallas, Texas

Pissed about Title Loan

Never use this company for title loans. I called after only 3 months of having a title loan with this company, and I had made 3 payments. I was going to pay the loan off. This guy tells me you better hurry up, because we are going to repo your truck. The payment was not even 30 days late,and i am calling to pay the loan off completely. He tells me to do it within the hour at money gram. they are ridiculous and scam artists!!! Their customer service stinks!! Never get a title loan with this company!! Never!!!!!
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Loss:
$4700
3 comments
Guest

I am so Glad that I came across this post, I am in desparate need of money and someone suggested me their name, and luckily I came across this post. You Guys have helped me big time. Thanks for sharing.

kitchen cabinets

Guest

Worst mistake ever getting a loan from them. I payed on time and never had a problem but 85% interest.

legal loan sharks. Avoid this at all costs!

Guest

My girlfriend gotta 2700$ loan from willshire couple years back just realized she was paying 75% interest that ridicolous and already payed over 8000 and she still owes 3000 thats just insane cold blooded ill see them in court

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Stryker Kac
map-marker Los Angeles, California

WilShire Consumer Credit

I got a car loan of 2000.00 dollars back in december of 2007 and here we are in 2010 and my balance is 1500.00. when I try to find out why is it taking so long for me to pay this loan,they say its because im been late making my payments.If you call ten days being late,and Iam making the late charges.When I try to get a payment history all we end up doing is getting into arguments.Starting with the employees then the manager,the only thing they want to know is when am I going to make my next payment.So if anyone knows where I can get a good person to audit my loan id appriciate it.
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Loss:
$8000
25 comments
Guest

Hey I just sued them for an illegal repo. I suggest u seek legal consul.

They are doing shady business and according to the state I live in their contract isn't even valid. Get a lawyer or contact your state consumer affairs.

They settled with my lawyer. They didn't wanna go to trial

Guest
reply icon Replying to comment of Guest-824280

Hi, what state are you in? I have an attorney helping me but he is slow moving and would like someone who's ready to go forward.

He mentioned to me he has sued Wilshire and Westlake numerous times. I have been calling them out on their fees left and right citing their illegalities in charging them against what NOT and contract says and in response they say they are going to wave them as a "courtesy" this time, lol. They are *** but they count on you not knowing your rights, so KNOW YOUR RIGHTS AND GET AN ATTORNEY IF YOU DON'T so you can. They know they're wrong, they flipped when I told them I was going to record phone calls (even though they claim the same and legally all it takes is advising them, not permission as they claim) and they flipped when they realized I am working with an attorney and know my rights.

Don't let their talk convince you that they are right in their actions.

They are not, but it is going to take you documenting everything along the way and getting them to send you proof of payments applied etc. Best of Luck, Go get em!!

Guest

I have a loan with them right now. I have been making my payment, and all the other thing they tack on.

This month I got a bill for about $3k. I asked when I was making the arrangement over the phone, I asked if there would be a balloon payment. I was told oh no, don't worry about it. When the paperwork was brought to me, it was in the parking lot at my work, signing it on the hood of the reps car.

I asked her about a balloon payment and again I was told no. When I asked what the payment are, I was told I would get a bill. Over the last three years they have called and threatened me about my payment.

I even got told if I didn't give them $31, they would repo my car. they know I am now on disability, but they keep uping my payments

Guest

Everything is outlined in the contract that you sign. You must read it.

Yes, I am also a customer, and am paying 100% interest. Your payments are in black and white, along with how your interest is computed. I needed the money, and this was the only alternative, but I read everything, and then read it again prior to signing.

I used to have a loan with Santander Consumer, and they are the bottom of the bottom algae suckers.

Wilshire has been a joy compared to them.

Regarding a payment extension or payment arrangement, make sure you get something in writing!!!

Guest

I have had no problems with Wilshire. I borrowed the money knowing interest was high because they're lending money to those of us with less than perfect credit.

You know this is true or you would've gotten a regular loan. Anyhow, I've made all of my payments on time, with the exception of 2, and they were only 3 days late. I owe two more payments and I'm done.

You hav to nderstan that hese loan companies are taking a chance by lending us money due to our credit. If they're willing to help us out, you should return he favor by paying them what you agreed to.

William J Plq

Hey, I am sorry for anyone who have had a bad experience with Wilshire Consumer Credit. I have had the exact opposite.

I was in a bind and not only did they pay off the lien I already had on my vehicle they also gave me larger loan with a smaller payment.

I can't speak for every employee that they have but Stephen and Mady C were the people I have been dealing with and they are way better than TITLEBUCKS by far. And I live in South Carolina!!!!

Guest
reply icon Replying to comment of William J Plq

Judgment Enforcement as a name? Really???????????? You couldn't try to come up with a name that doesn't scream, "I WORK FOR WILSHIRE CONSUMER CREDIT!!!"?

This fake post is nothing but an attempt to try and combat all the truthful posts about the despicable nature of this company. I am sure that this was posted by either Stephen or Mady C, if either person truly exists.

Please don't beleive Judgement Enforcements post, this company will try and take all you have and then some. There is other options out there, please don't let them reel you in with their lies and deciet.

RUN DON'T WALK AWAY!!!

William J Plq
reply icon Replying to comment of Guest-586939

And I guess Give me a break is your name. My name is William Reeves and I Own Low Country Judgment Recovery Services.

www.lcjrservices.wix.com/lcjrservices. I live in Hilton Head SC. My phone number is 843-842-****. Feel free to check out my website or call me pal.

I don't have to lie about my loan situation nor lie about the company. Fact is Fact!

As I stated the paid off my lien with title bucks and gave me a larger loan with payments that are $67 cheaper than I had with title bucks. Now I can't speak for you or your issues with them but for *** sure don't speak about me if you don't know what the *** you are not talking about!

Guest
reply icon Replying to comment of William J Plq

please another attempt to try to fool us we all know that Wilshire consumer credit is the biggest rip off out there why you would put your name on that company is beyond me haven't you looked at all the reviews they are horrible the rating for this company is a 0

Guest
reply icon Replying to comment of William J Plq

Judgment recovery services… I am a PI, I know well what that means. Kind of like the BS Repo guy who they put me on hold for 20 minutes to call and come pick my vehicle up AFTER I was told the payment we were setting up on the same phone call prior was setting my account current-go figure!

Anyhow, back to the Repo guy… By law he has to send accounting of personal items and storage fees to get them back. He wouldn't even after I contacted him telling them I never received such paperwork. Wilshire has my correct address, always has, but somehow Mr. Repo got the wrong address for mailing, lol.

And god forbid he actually send me the accounting of my personal items and where I can pick them up when I make the request that this time he send it to the CORRECT address. They also charged me for duplicate keys that cost more than having them made at the dealership, and yet they damaged my locks and gear shifter anyway. Next time use the keys jackasses-I would have given you mine had I any reason to believe calling you and making a payment would result in illegal repo.

Enjoy all my cameras that were in my vehicle with confidential evidence on them… See you in a few months and good luck with your state license.

P.S. Your payment is cheaper because they are making more money off you genius.

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Anonymous
map-marker Greenville, South Carolina

Wilshire, The Devil Trying To Stop

Wilshire, The Devil Trying to stop "Gods Will" (Our Story)! "A RAINBOW" In 1996 My husband and I was on our way to the beach pulling our travel trailer for our anniversary and I had just lost both my parents within 3 1/2 months. We had always wanted a place at the beach where we vacationed and on our way down there was a bad electrical storm and we pulled into a rest area to wait it out. The Lighting was so bright, the outside lights went out. A Rainbow came up In front of our truck after midnight. Never had we seen a Rainbow at night! We could not believe our eyes, The Rainbow went over into the woods towards the ocean. After the storm had died down we pulled out heading for the beach we didn't get there until after 3 am and we slept late that morning. While my husband was shaving I decided to go to the sales office and get a sales sheet for sales at this resort. The Sales sheet had a lot on it that we always wanted. A little old man had for years with his wife that died. It had just been put on the sales sheet. we thought he may have died! We were the first ones to look at the little 1977, 35ft. travel trailer with a screened in porch and a small bedroom with *** in the floor..But, we wanted it! We went to the office and paid our down payment and we now owned a place at the beach! For three years we kelp the place just as it was until we decide to build a house at the beach. We designed it ourselves and we were standing in the stairwell before the windows were put in the house and I said it looks to dark in the stairs I said. I want to put a window in the stairwell! It was not to late and I bought a octagon window with a Schooner Ship in it! I also bought two doors that was just like the front door to go in our kitchen that had gold lead, like stain glass and was almost straight across from the front door. Never would I have ever believed that after our house was finished we would have a Rainbow in our house every day when the sun went down. It started in the rest area, A Rainbow in front of our truck and now a Rainbow in our house every day! When the sun goes down, the sun comes through the ships window in the stairwell and shows a Rainbow around a ship on the wall in the stairwell! Also a Rainbow on the walls, the floor, all around the kitchen and the living room wall! We names the house "GODS WILL" on the road side and the back of our house! The front side of the house faces the lake and ocean. My husband put my name on the right side "SHASACK" after my name! The Rest Of Our Story! My husband and I built a house in a resort only a few hundred yards from the ocean. It was only a small lot, and when we bought the right to lease the property the lot lease was only $24,000 and $2,400 a year in 1996. We had mortgage our 70 year old house that was paid for to build our house at the beach..(Big Mistake)! I was working and making good money and at the time we didn't think we would have any problems. Later that year I was injured on my job and had surgery. I had hoped that the surgery would have helped me and I could go back to work, but the damage was bad and I was always in chronic pain. I had to retire from a hard but great paying job. We had started our house and had no idea that the bank that gave us the money to purchase the lease would not loan us more money to finish our beach home, but they stopped loaning on leased property. The loan we got from our older home was not enough value to get more money. The only loan we could get was 10% interest on our beach house and to pay all off and we had to take it to finish our beach house. That is how we came in contact with (Wilshire Credit), Our loan was bought by Wilshire Credit in 2005 right after our home was refinanced. We never missed a payment until the economy had gotten so bad in the summer of 2007, and our lease went up every year and this year 2009 of all years, it went up 6%! We are now paying almost $6,000 a year just in land lease and our mortgage with Wilshire is $1,500 a month for our home. We got behind on our house payment and unless I could pay it all Wilshire would not take a dime. I mailed Wilshire almost $4,000 cashiers check on our house because they would not take it over the phone and it was mailed back to me. Every month I tried to get Wilshire to take my money but Wilshire refused and we just got further and further behind until I was afraid that we would lose our home and we moved our personal items out to rent our house out in the summer months so we could get caught up. Wilshire served foreclosure papers on us last summer and we went to the court house and told Wilshires Attorneys and the Court that we tried to pay Wilshire and they refused our payments. We told the Attorneys/Court all about our "RAINBOW" in our home and I offered Wilshire Credit $16,000 plus a $1,383.00 payment all in August last year and Wilshire said if we could pay that amount they wanted, we could save our home. Thank God, I prayed and asked God What I need to do, and "GOD'S WILL" That the Lord told me to rent my home so we could save it! We paid Wilshire Credit over $17,383 last year in August and if we had not rented out our house we would have lost it! Wilshire set us up on a forbearance agreement with my house payments of $1,385. We liked One payment until that would have been a year and when I called Wilshire Credit to make the 12th payment, Wilshire refused it! why? Wilshire told me that they was going to set me up with a loan modification from the government that would make our house payments go down almost $500 a month and Wilshire told me to send them my bank statements and our income amounts and all my bills for the month. I ask Wilshire to still take my payment while Wilshire was working on the loan modification and Wilshire still refused! I mailed Wilshire everything that they wanted and About 2 weeks later I received a letter from Wilshire thanking me and that they would get back with me on the Government (Hope) hope loan and that was in July 2009. Well, Wilshire called me back and said that I was not approved for the Government (Hope) Loan or for theirs (Wilshire's) loan modification! Wilshire said that I was not approved and that I needed to get my house refinanced with someone else because (I didn't make enough money to make my house payments)? I said, I have been paying you (Wilshire) on time for the last 11 months and your telling me that I can't afford to make my house payments? Also my house was valued at $307,000, in 2005 and that was just the house and not the lot! The lot lease was valued at over $130,000 on the lake and only a few hundred yards from the Atlantic Ocean! Wilshire said that my house no longer was appraised at the $307,000, but down to less than $225,000! Wilshire said that my house was to be sold the first of September 2009. Wilshire said that IF I paid (2) payments a month that I could keep making my payments! I said, you (Wilshire) just said that I could not afford to make my house payments, but your telling me to make 2 payments a month would save my house? Wilshire refused to take my house payment again, I told Wilshire that they had put on my credit report that my house was a (charge-off). Another of my creditors told me that Wilshire Credit listed my home as (charged-off) on my Credit Report and I sent Wilshire a copy of it. This was while I was making payments on time. I have an Attorney that has called Wilshire Credit Corporation several times and Wilshire will not return his calls and he also has faxed (Wilshire) and they still will not responded to him. I want to keep my house at the beach, because the 70 year old house we have needs more work than we can afford to spend until we sell the beach house. Also my husband had cancer this year in his colon and we had to stay in Greenville because of his surgery at the hospital and Carolina Cancer Center Treatment Centers of The Carolina. The tumor in his colon was the size of a lemon that our doctor found in April of this year when he had a colonoscopy. I almost passed out when the doctor told me and the doctor had to catch me. We rushed to Greenville where we are from, because we have family that works in the Cancer Center there. My mother died from Liver cancer October 1995. My husbands surgery was on April 28th and he was given morphine for pain and he could not take that medicine and before I could get the doctors to change the pain pump he got pneumonia. I had to change his pillow 6 times in one night he sweat so much. My husband had to be rushed to ICU because his heart rate was 147 and his oxygen was 60 and it should have been 90! The Doctors thought he may have had a heart attack, or a blood clot to his lung. He was in ICU for 5 days and they could not tell me if my husband was going to live! The surgery was more intense than the doctors thought because the tumor was further down towards his rectum then in the curve of his colon as the cat scan should. He had to have over 20 clamps in his stomach, from belly button down. The LORD was there with his Doctors, because the test didn't show any more cancer outside the tumor! What a Miracle!, Thank The Lord!! We have been truly Blessed! There were so many people praying for him and we are so thankful! We have had a really hard year and I don't know what else to do but this! To write this message about what we have been going through. We moved into a mobile home for the summer. We rented out our house at the beach while we were in Greenville for his surgery to help pay for those bills. We have had enough health problems plus worrying about Wilshire Credit trying to take our home! Wilshire was getting their money every month without it being late! One more month and it would have been 1 full year of payments on time and now Wilshire say that I owe Lawyers fees? Wilshire said last August and they would set us up with another loan modification when I can prove that I can keep making my house payments and that is what I did! We only owe $185,000 and my house is valued at almost $450,000 on this lot. In 2004 we was offered $450,000 for our house and didn't want to sell it and now that the economy is bad, I wish that I had. Wilshire is wanting our house. As I said, I have an Attorney and Wilshire will not respond. I will be asking him to file a Class Action Law Suit against (Wilshire Credit Corporation)! If I had my time to go over, I would have never built a house on leased land! That was my biggest mistake! I had just lost both my mother and daddy within 3 1/2 months and wanted to get away for awhile and we rented our house out for a while and the renters damaged the house and it needs lots of work because it is over 70 years old. We are going to sell our house on the leased property asap and restore our older home and live there, I just wish it was near the beach, because it is paid for. I hate to have to sell my home because I know God did proved us this home for as long as we have had it and the Rainbow! It's been 10 years that e have since we built the beach house wand we have owned the lease since 1996. That is 14 years God has given us at the beach. I love the beach, and If I do decide to live there again, I know that the LORD will bless it also! I love the smell of the salt air, the wind, being able to lay in my bed and hear the ocean or see the moon and stars from our large window facing the ocean. There is nothiing better than going to sleep to the sound of the ocean and the wind. The sun coming up every morning in my bedroom window was a great gift. I have prayed that the Lord will give me a feeling of comfort to come back and be happy living in the older house that I was also blessed with. I hope that I will be able to sale the house at the beach before Wilshire takes it, and have the money to fix it up. For the last 10 years we have put most our money in the beach house and I don't want to lose it! The Devil is trying to take us down and using Wilshire Credit as a weapon to hurt our faith and give in and not trust our Lord to handle it! If you would like to contact me and my Attorney, please send me your email and what Wilshire has done to your family and maybe we can get some help together. We should not let Wilshire take our Homes! I have repeated Wilshire's name because I don't want anyone to ever give them any business! If you already have an attorney please contact me asap! I hope that we can save our homes, we need to stop Wilshire Credit before they take others home. They can take their payments instead of refusing money that they are offered! They can help people stay in their homes if they would! If you are a investor, please check whom you have your money with and what they are doing with it. I want everyone to (pray tonight) that the Lord will give us the strength to get through all that we are going through these hard times. I know we have all heard of the Hoover days, when nobody had any money, and that's about what we are going through in some ways. God I hope that the ones that are not saved today, will remember that the Lord loves you and he died for you. It was his blood that he gave, If we would just ask to be forgiven and we will always have a God that loves you and he will never leave you no matter how hard it gets! There are a lot of heavy hearts on these messages about Wilshire, and I pray that the Lord will give us all a lighter heart! Also, If you are an Investor and want to help, contact me also. Please send your email and story to www.Sharhenders@***.com and Thank you for your time, And forgive me for writing so must! A Rainbow/God's Will, 2:40 am Thank you, From Sharon From Myrtle Beach, S.C. on September 21,2009
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1 comment
Guest

Wilshire Credit is corporate corruption and greed and the hIghest levels. THIS PLACE IS LOADED WITH MONEY LAUNDERING, MISAPPROPRIATION OF FUNDS, AND JUST PLAIN THEFT. They employed Merrill Lynch and Bear Stearns flunkees to help them get on top and it worked. They are SIMPLY "untouchable" by the Federal Reserve. the CIA and Secret Service, FederaL Banking Commission. they should have investigated years ago for what they did and continued to do to innocent people who only wanted to keep their home.

FEDERAL CORRUPTION UP TO THE YAZOO. There is not one single thing you, me or anyone else can do about it. Not one single thing!! It is a shame and pity that people were bankrupt, broken and hurt and they were allowed to get by with it.

I now more about Wilshire Credit than anyone. We were victimized by them. I have checked them out through every source possible. They went into this venture to make money and they pulled out at just the right time. As far as I know all has been nothing received but a slap on the hand. Sad Huh!!!!

Anonymous
map-marker Denver, Colorado

This stinks! Why are "we" getting no help?!

I had a mortgage with Wilshire and noticed that my auto payments from my bank had stopped. Called to find that they were going out of business. I got the run around and they would give me no information about the mortgage because it was still under my ex-husbands name. Had to get the Ex-husband involved to try and resolve this situation to no avail. I had no phone number to call. I had no idea who now held the mortgage on my home and no address. I am not good with computers so this required help. I had no previous knowledge that my mortgage was even being "given" to another company! Now there has been no contact with the new company by phone or by mail!! This is a huge problem as it hurts my credit not to mention that the mortgage payments have not been made.! No one seems to want to help and the new company apparently lacks in any kind of moral compass as did Wilshire. So how is it that it is okay for these companies to do this and nothing gets done about it until we the consumer,the ones who live in these homes get notice of fore closer? The minute that we send a late payment or no payment the companies are calling non-stop. I want something done about this and I think that any payments that have been affected due to these companies lack of communication should be void.We the consumer makes the effort to pay the bills and get kicked in the face for our trouble. I am a single mother with two small children and a on permanent disability so the budget is tight but I want to pay my mortgage...I need to pay it for my children. This constant stress is no good for anyone. Please lets get this problem solved!
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Mohamud Ccd
map-marker Springfield, Missouri

Wilshire Credit Corp.

When my home was purchased in 2004, I had 80/20 loans. Refinanced next year and 2nd to Wilshire was paid off. When refinanced in 2007, ran into problem where Wilshire never sent in Release of Lien to local Recorder's Office. Called them twice, closing company called them also, and they promised paperwork was on the way. Some way, some how, that loan finally closed. Now trying to refinance for better interest rates and closing is being held up because Wilshire lied and never sent the Release of Lien. Now closing company is trying to deal with Bk. of America and that is like trying to get a needle out of a haystack. I'm sure I paid several times over for that Release to be recorded and it never happened. I think somebody somewhere should sue their *** off.
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3 comments
Guest

Same. my first home loan was through wilshire credit.

I also had 80/20 loan. I sold the home almost four years ago and paid off the mortgage to wilshire.

Found out yesterday that I can't even get a car loan because Wilshire has the home listed as "in forclosure". Thanks for nothing @$$holes....

Guest

Wilshire Credit Corp reported the Sale of my property in 2008 as a Foreclosure just before Bank of America took over. I am STILL fighting with Equifax, Experian & TransUnion to get them to correct the error on my Credit Report, over 3 years later.

Guest

I had the same thing happen. Bank of America took over the loan from Wilshire and the Wilshire loan was not recorded as paid off.

After three years there has been no change. B of A says I have to deal with Wilshire.

Wilshire does not answer the phone or letters. One great company.

Janet Hayes

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