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Infiniti Wealth Services / Fraud and scam

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Contact information:
Infiniti Wealth Services
3443 Camino Del Rio South Suite 211
San Diego
Phone: 619-528-1553
These guys are a SCAM, they took money from me promising 'foreclosure rescue' services. DO NOT USE THEM, you will lose your MONEY with NO results. I have checked with the CA Dept of Real Estate 'NO LICENSING', City of San Diego 'NO LICENSING', State of CA 'NO LICENSING', State of CA BAR 'NO LICENSING' Hopefully they will be 'shut down.' I have asked for my money back several times and had NO Success! Go with a Licensed DRE or state BAR firm or you will LOSE YOUR MONEY!


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N  16th of Mar, 2009 by 
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Do not use them, I have heard bad things about these guys, they used to be loan officers putting people in these bad loans. The Main guy Ross, who started the company stole leads from his previous employeer peoples first financial and started this company with money he got out of a lawsuite. He has no shame and will scam you out of every penny. Read the fine print in the contract, once he takes your money, he will not give it back even if they don't fix your loan!!! BEWARE!!!

San diego
N  2nd of Apr, 2009 by 
Agree Disagree 0 Votes
IXE claims it has been in business since 1991, but it has only been operating for a year, according to the complaint. (The company's Web site is still active.) Calling itself a "banking center, " IXE promises that "licensed financial specialists" will negotiate with the consumer's lenders to reduce interest rates and get them out of debt "three to five times faster than your current rates."

The complaint says the firm charged consumers from $695 to $995, and told them they could save from $2, 500 to $5, 000 in 30 days or receive their money back. Those who asked for their money back or refused to sign the written contract they received in the mail did not receive refunds, the complaint says.

Consumers' credit cards were charged by a variety of other company names, including Dynamic Financial Resolution; Financial Trust Resources; Computer ER of Florida; Financial Discount GRO Ozone Park N.Y.; and Bank Tech Process, according to the complaint.

When I spoke to the Card Services agent who called me, he said his firm was a division of Experian, the credit reporting bureau. "We have pre-negotiated contracts with all 550 credit card lenders, " he said. "There's no out-of-pocket expense to you, this is free of charge. We get paid from the card lenders by the interest and finance charges we save you."
N  3rd of Apr, 2009 by 
Agree Disagree 0 Votes
The report helps explain why many loans are falling back into default after being modified. Many borrowers and consumer groups contend that the modifications offered by the lending industry aren't very generous, despite more than a year of public prodding from regulators.

For instance, nearly one in four loan modifications in the fourth quarter actually resulted in increased monthly payments. That situation can happen when lenders add fees or past-due interest to a loan and spread those payments out over the 30- or 40-year period.

Perhaps unsurprisingly, the report found that loans were far less likely to fall back into default if a borrower's monthly payment is reduced by a healthy amount.

Nine months after modification, about 26 percent of loans in which payments had dropped by 10 percent or more had fallen back into default. That compares with about half of loans in which the payment was unchanged or increased.

"This new data shows that, in the current stressful environment, modification strategies that result in unchanged or increased mortgage payments run the risk of unacceptably high re-default rates, " Comptroller of the Currency John Dugan said in a statement.

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