I received a letter that i was preapproved for refinancing. After giving them my information, i received an email that i was approved for a loan. A few hours later, i received an email stating that i was not approved due to my loan to value ratio. WHen i called open road lending, i was told that i received that email because i was approved to a certain point.
I received one of their letters in the mail. I know i have had credit issues, but I felt I was in a better position now, so I went ahead and filled out the application.
First I was told I was approved. Then I received a call requesting more information. It was curious why I was being asked the same questions that were on the application. But I went ahead and answered everything. At the end I was told that I was declined because of the the loan-to-value being too high. So basically the only thing that resulted from this is that my credit is now lower due to a new inquiry! I am not going so far as to say that this is predatory lending, but it is pretty close. Their materials should be more truthful. Stop burying everything in tons of fine print. This is typical of companies that are not honest! I will definitely be warning others about this for sure.
I received a offer to lowery interest rate but had no intention of using this company or any company like it. When I tried to opt out from receiving their offers they wanted my social #. If you are smart you want do business with this company. SCAM SCAM
Open Road Lending Reviews
I received a letter that i was preapproved for refinancing. After giving them my information, i received an email that i was approved for a loan. A few hours later, i received an email stating that i was not approved due to my loan to value ratio. WHen i called open road lending, i was told that i received that email because i was approved to a certain point.
I received one of their letters in the mail. I know i have had credit issues, but I felt I was in a better position now, so I went ahead and filled out the application.
First I was told I was approved. Then I received a call requesting more information. It was curious why I was being asked the same questions that were on the application. But I went ahead and answered everything. At the end I was told that I was declined because of the the loan-to-value being too high. So basically the only thing that resulted from this is that my credit is now lower due to a new inquiry! I am not going so far as to say that this is predatory lending, but it is pretty close. Their materials should be more truthful. Stop burying everything in tons of fine print. This is typical of companies that are not honest! I will definitely be warning others about this for sure.
I received a offer to lowery interest rate but had no intention of using this company or any company like it. When I tried to opt out from receiving their offers they wanted my social #. If you are smart you want do business with this company. SCAM SCAM