logo
The most trusted and popular consumer complaints website
Follow us
Connect With: Connect with Facebook Connect with Yahoo Connect with Google Connect with Twitter Connect with LinkedIn

Share with Others

Recently Discussed Complaints

1. (0 mins ago)
Bodyplex
Members rip-off!
2. (25 mins ago)
Booking.com
False / misleading quotation
3. (35 mins ago)
Mango Pure
Cannot get ahold of company to cancel
4. (36 mins ago)
Crystal Properties
Pete Anello Rip Off King
5. (49 mins ago)
MetroPCS
WHERE'S MY REBATE?

Consumer Tips & Tricks

Latest News & Stories

Latest Questions

Bankers Healthcare Group, Florida Complaints & Reviews - Upfront loan fee scam

Bankers Healthcare Group Contacts & Informations

Bankers Healthcare Group

Posted:    Honorable Physician

Upfront loan fee scam

Complaint Rating:  96 % with 71 votes
Contact information:
Bankers healthcare Group
Florida
United States
bhg-inc.com
Avoid, unless you want to get tricked into paying $10000 in upfront loan fees and getting stuck with a loan that you are unable to prepay plus being charged a penalty of 7%.
Comments United States Loans
Share with others:  
Was the above complaint useful to you?    


Comments

Sort by: Date | Rating
 6th of Dec, 2011 by   ScrewedBy Chase 0 Votes
Beware of BHG! We looked into getting a loan from them. Not only do they charge a prepayment penalty, but they calculate their loan using SIMPLE INTEREST!!! WHO DOES THAT??? In other words, if you take out a 10 year loan for $100K, you will be paying interest on $100K for the ENTIRE LOAN!!! Unlike a normal loan, where the interest payment is compounded or recalculated monthly, quarterly or annually and adjusted downward as you pay off your loan, you are paying whatever their interest rate is for the ENTIRE LIFE OF THE LOAN!!! They quote you an 11.4% rate, but using compound interest, you are really paying over 20%! Plus, they add prepayment penalties so you can't even pay it back early!

SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM

Post your Comment

Please check text spelling before submitting a comment
Your attitude towards ComplaintAgree Neutral Disagree
Comment text
Attach photos (optional)

Videos

Avoid Online Dating Scam!

Latest Groups

Today's Mess-Up Photo


RSS Feed
bdomains.com
 
loading
     
 
Login close
Email:
Password:

Forgot your password?