This is literally the worst bank I've ever had the misfortune of working with in my life. When I started with them, I had something like a 750-780 credit score, and they persuaded me to take every loan I could. As I recall, this included a personal loan, a line of credit, and a car loan...initially, I was very pleasantly surprised at how high of loan limits they granted me...for instance, they loaned something like 125% of my car's value, which came out to be around $22,000...then with the other 2 loans they signed me up for, the grand total was something around $45,000 or more.
At that time, I had a real estate investment company that made at least $200,000 per year, so this was no big deal...but shortly after, I moved to Sacramento to pursue a career as a real estate agent. When I first moved to Sacramento, I had no idea just how hard getting into this industry and becoming successful at it would be.
I had purchased a duplex, which I was planning to turn into an Airbnb...but at the same time, I was waiting on a settlement from an "arbitration" in which I was defrauded by a Southern California real estate agent over a 16 unit apartment complex...although I won the case, the arbitrator did not award attorneys fees...she hated my attorney...so, I basically lost at least $160,000. On top of this, the first guy I hired to do the construction on my duplex, abandoned the project, leaving me with a half-gutted duplex I could not rent to anyone.
At this point, I was so broke that I could hardly afford to fill my gas tank, in order to meet with clients to try to sell some homes, and pull out of debt...I had something like 20 credit cards, 10 utility accounts, and I gigantic mortgage I was 2 months behind on. I was literally living off of rice and beans, and facing bankruptcy. Although I had something like 40 bills to pay (most of them seriously delinquent), Sierra Central Credit Union was "The Only" one who actually sued me.
Their collection department is as predatory as it gets. When I was finally in a position to sell my home, I contacted their collection department, but refused to cooperate with me directly, and instead, forced me to call their attorneys. I contacted their attorneys and Sierra Central agreed to a settlement agreement with me, where I would pay something like $13,000 and then the remainder through time over payments...but at the last minute, they broke their agreement, went around my back, and took over $60,000 from the sale of my home through escrow.
They also deceived me, and ran "Hard Pulls" on my credit without my express authorization, thus braking multiple laws. They violated multiple laws of the FDCPA and FCRA, and I will be suing them. This is a VERY VERY scandalous, shady, and downright predatory company. I would not recommend Sierra Central to my worst enemy. There are a lot of other financial institutions to choose from, and this would be the last one I would recommend to anyone.
Sierra Central Credit Union Reviews
This is literally the worst bank I've ever had the misfortune of working with in my life. When I started with them, I had something like a 750-780 credit score, and they persuaded me to take every loan I could. As I recall, this included a personal loan, a line of credit, and a car loan...initially, I was very pleasantly surprised at how high of loan limits they granted me...for instance, they loaned something like 125% of my car's value, which came out to be around $22,000...then with the other 2 loans they signed me up for, the grand total was something around $45,000 or more.
At that time, I had a real estate investment company that made at least $200,000 per year, so this was no big deal...but shortly after, I moved to Sacramento to pursue a career as a real estate agent. When I first moved to Sacramento, I had no idea just how hard getting into this industry and becoming successful at it would be.
I had purchased a duplex, which I was planning to turn into an Airbnb...but at the same time, I was waiting on a settlement from an "arbitration" in which I was defrauded by a Southern California real estate agent over a 16 unit apartment complex...although I won the case, the arbitrator did not award attorneys fees...she hated my attorney...so, I basically lost at least $160,000. On top of this, the first guy I hired to do the construction on my duplex, abandoned the project, leaving me with a half-gutted duplex I could not rent to anyone.
At this point, I was so broke that I could hardly afford to fill my gas tank, in order to meet with clients to try to sell some homes, and pull out of debt...I had something like 20 credit cards, 10 utility accounts, and I gigantic mortgage I was 2 months behind on. I was literally living off of rice and beans, and facing bankruptcy. Although I had something like 40 bills to pay (most of them seriously delinquent), Sierra Central Credit Union was "The Only" one who actually sued me.
Their collection department is as predatory as it gets. When I was finally in a position to sell my home, I contacted their collection department, but refused to cooperate with me directly, and instead, forced me to call their attorneys. I contacted their attorneys and Sierra Central agreed to a settlement agreement with me, where I would pay something like $13,000 and then the remainder through time over payments...but at the last minute, they broke their agreement, went around my back, and took over $60,000 from the sale of my home through escrow.
They also deceived me, and ran "Hard Pulls" on my credit without my express authorization, thus braking multiple laws. They violated multiple laws of the FDCPA and FCRA, and I will be suing them. This is a VERY VERY scandalous, shady, and downright predatory company. I would not recommend Sierra Central to my worst enemy. There are a lot of other financial institutions to choose from, and this would be the last one I would recommend to anyone.