U.S. Bank, well, I should have paid cash.

[rockwood06]

Radio, I am really sorry to hear about you and your wife. We had a problem when I was in a 9 car accident on I 295 in Washington DC some years ago, I was out of work for some time. Contacted our creditors before any problems started with payments and ask for help, well the same thing happen they wanted to beat me over the head with the contracts I signed. I got the NO, NO, NO as well.
I truly hope you can see the light at the end of the tunnel and things will work out for both of you....Wade.

[jamesp]

It would appear to me that this thread needs to be emailed to customer service at US Bank. It's not hard to see that this simple forum is costing them business and will potentially continue to cost them business every time it is read. In today's world, I would hope they would want to makes this right in order to save face and stop the bleeding. Radio's problems with the US Bank will definitely keep me from ever using them. I commend Radio for trying to work with US Bank and trying to stand behind his commitments. Too often, people would just run from their debt and would let the unit go back to the lender.

[Radio]

After careful searching on the "logged in" side of the US Bank website, I did find an email tool that I used to describe what I have been through with them, and my faithful Credit Unions response to my request for assistance.

I also, like I did with the 4 Senators I have contacted, directed them to this thread.

Now we will see if the email box thingy has more sway that my dealer who writes $1,000,000 a month in loans just to US Bank calling up his US Bank contacts and raising all sorts of ruckus with them.

They have still yet a chance to redeem themselves.

[Jtroop]

Are there any updates on this?

[Dutch & Di]

I hope an SOB [some other brand] can reply here. We are sorry for your situation and while not in your shoes and know this won't make you feel better we wanted to let you know of our situation. We contacted Bank of America to obtain a small personal loan. Their response was you have no debt, you have no credit card payments, you have excellent credit so we can't loan you money and you can't use your RV as collateral. What???? I went into a branch and the manager said the same thing after a 20 minute wait to see her. I asked to use the restroom and was told I couldn't. I told them to get a mop ready then. I was ESCORTED to the bathroom and she WAITED in the room with me while I did what I had to do. Back at the 5th wheel I went all the way to corporate and got the same thing. I said I have money in the bank to use as collateral and they said not good enough!!!!!! I hung up on them, went online to my credit union, filled out the app and was informed, I was pre approved, thank you and your check is in the mail. Be very wary of Bank of America folks. Diana

[momtovn]

we are financing through the dealership.. so we have been receiving letters from a couple of the banks that they are denying our loan request for whatever reason ( im thinking that we just didn't put a ton of money down) we have a credit score of 803, and the dealer said we are all set, and to stop worrying, he would never order the TT if we wern't all set.. but anyway, one of the banks was us bank, and i was actually relieved that they denied it, i hear nothing but bad things about them constantly. i hope they find us a good one though, and hear something soon, i hate this uneasy, unsettled feeling, even with the assurance of the dealer... i like things settled!!

[sherdep]

I have mine thru Bank of the West - the rate is descent
Havent had any dealing as of yet so we will see how they are.

[Goomph]

Radio,


Do you care to share what happened ? This thread was started two years ago ...

[prof_fate]

M&T bank financed us and so far they suck as well.

We got a welcome letter right after buying and nothing else for 6 weeks - until we got phone calls saying we're 2 months past due. No they don't send payment books, bills or such. the dealer was supposed to give us all that. Really? The dealer has no clue about this. The welcome letter didn't say anything one way or the other. Without an account number or an address to send the payment to we have little choice but to sit and wait for them to contact us.

Oh, they said we could pay over the phone right now, 2 payments, penalties and late fees, and a charge for pay by phone...this sounded way too well rehearsed, a manager/supervisor was just as 'practiced' at the speech as the flunky that called. With thirty some years of borrowing money behind me this just seems real slimy and intentional to me.

[trudinator]

We were also turned down by a somewhat "big bank." So our dealer steered us in the direction of what I consider to be a "predatory lender." They wanted to give us some obscene interest rate, (in the teens; can you BELIEVE that?!?!) and I couldn't see paying that much, so I called our local credit union, who I should have called first! We were approved in about an hour for an interest rate that I think is absolutely great. I'll direct deposit funds into my savings account and my payment will automatically be transfered to my loan; no worrying about making a payment by check or online, etc.

I hope your problems have been resolved. I know it probably wouldn't help to talk to your credit union about transferring this loan to them when both of you are out of work, but when either of you get a job, that is the FIRST thing I would do. Refinance with your credit union.

My goal in life is to now stay away from big banks. We're going to attempt to refinance our mortgage with our CU as well. And when we're in the market for a new tow vehicle next year, we'll get pre-approved before we start shopping so I don't have to deal with the snakes in the stealership's finance department.

[The_Stuff]

yet at the same time with the BSE crisis the local credit union took my parents house and office..

they are a financial institution and not a bank and so then they do not have to play by all the rules.

the house was current, the office was behind. they moved the balances around on both mortgages and put the house payment over 1000/month which parents could not pay + bills + office mortgage and bills. Parents went to a lawyer and there was nothing legally to do. they ended up loosing both and the credit union got stuck with the office and house. parents went to TD and BMO and so far have not had a single problem since.

[Terier]

Originally Posted by The_Stuff

parents went to TD and BMO and so far have not had a single problem since.

What are TD and BMO? Banks?



On a lighter side -
Years ago grandma received a letter stating that her account was over drawn and that she needed to make a deposit. She responded by sending the bank a check (same account) to be deposited into her account. Bank contacted my sister to explain the situtation. Grandma never understood why that didn't work out....

Remember back in the day when you used to have a relationship with businesses ? (Just like my grandma had with her bank)

[The_Stuff]

Originally Posted by Terier

What are TD and BMO? Banks?

Toronto Dominion and Bank of Montreal.

TD is also First Trust bank just TD is the new name.

[prof_fate]

our credit union have great car rates, but their RV loans are not cheap nor long term - max is 84 months at 9.9%. We got 120 months at 6.95% and plan to pay it off early, but it's nice to know the payment's low should 'life' interrupt our plans.

[trudinator]

Originally Posted by prof_fate

our credit union have great car rates, but their RV loans are not cheap nor long term - max is 84 months at 9.9%. We got 120 months at 6.95% and plan to pay it off early, but it's nice to know the payment's low should 'life' interrupt our plans.

We got a rate of 6.75% from our CU for 120 months. I agree though, should "life" interrupt our plans to pay it off early, at least the payment is low enough to "survive."

[F and E Damp]

When I joined Boeing in 1968, I also joined the Employees' CU. Back then, they didn't do much except offer savings accounts. As things developed over the years, CU's were given the rights to offer checking accounts, home loans, etc. We have our mortgage with them, we financed all the cars we've bought over the years.

For a long time, you had to be an employee of the company or a close relative to be a member. A few years back they opened it up to anyone in the state of Washington, and after the various mergers, the relcation of corporate HQ to Chicago and the setting up of the Charleston plant, it's now open to anyone in the US.

We found that, as the conventional banks got bigger, they got more arrogant. What was Seattle First National Bank (a friendly local operation) eventually got swallowed up into Bank of America. Others were eaten up by US Bank, Chase, etc.

I hope the CUs are able to keep their non-profit status and keep up the good service. We're seeing a few glitches at BECU since it went nationwide, mainly due to some operations being set up in other states and not having good interdivisional communications. They're still a good outfit, though.

[Hatchet58]

CU is the only way to go

[Idle_Idylist]

Went through a CU and got 5.25% for 120 mo. The dealer couldn't believe it and actually called the CU in front of us because he thought it was a mistake.

[kamp k]

I work for one of the largest financial institutions in the US, but they couldn't even come close to the rate we got from our credit union even with the employee discount. Our CU was offering a full 2% off of their normal rates for a limited time, plus we get a discount for automatic draft and for having a credit card with them. Wound up getting the new TT @ 3.75% for 120 mos. Best the dealer could do was 5.50%, and it was funny to watch their mouths drop when I told them the rate we got from the CU. With rates being so low for a limited amount of time, we went ahead and upgraded the TV from an '07 F150 with 46k miles, to an '08 F250 with 32k miles that we financed at 3.69%. We love our credit union!

[Herk7769]

We are pretty happy with USAA. Though they do not advertise to the general public, only their insurance is limited to military members. Their Bank and Brokerage services are open to everyone (but don't tell anyone).