I have been trying to refinance a loan that my clients have with ASC since September 06, . The history of this situation will leave you completely dumb founded. " BE EXTREMELY CAREFUL " when refinancing your loan, you could find yourself in default or foreclosure, as is the situation with my client. She Had good credit until that time " NOT NOW".
When ASC purchases loans or has a loan transferred ( ASC is 3 or4 separate companies, in a dozen location in the US all operated by Well Fargo Bank ) they will not report to the credit reporting agency for 60 days , this loan will not show-up on your credit report.
If you send a VOM, it will not be returned until after the 60 days has run, " as was and is the case NOW ", at which point
the loan " MY " reported as late , as in this situation.
I have been trying to work this out with ASC, but I get bounced around, from department to another. ASC has refused payments, given false information to me and the client, made promises and so forth, and as of April 25th, 2007 has started foreclosure. This is true, I have the documentation to prove it. " DON"T TRUST ASC ".
If you have had problems with ASC, please contact me at
Sungohr@aol.com. Something needs to be done about this