Financial Builders Federal Credit Union

Don't get a loan threw them if you do not have perfect credit rating I have had them mess up and Bill me for insurance make me go from a month behind to four months behind They also don't check there faces a billed me when the prof was on there fax machineI would rather not get a new car then go threw them for one

Understanding the type of documentation in hand and exactly how loan interest and loan:charges can affect a borrower's loan balance over time may require some time and effort by the
borrowerIn this instance, I have personallymade two offers of time for an appointment with Mr*** to explain the loan activity on his accountBoth times were not acceptedIn Mr***'s defense, I feel comfortable acknowledging that there may very well:be a conflict With:his work hours and our open office hoursOur open office hours are 9:AM to 5:PM Mon H FriHowever, we have made an honest effort to make time for him by appointment with a goal in mind to explain the account balance and loan repayment history to him in person and over the phoneFurthermore, what may be complicating matters more is a misinterpretation of a loan statement with a payoff letter and how forced place auto insurance can and has affected his loan balance and payoffUnable to visit with Mr*** in person to review the document he claims is a payoff statement has, made it difficult for the Credit Union to respond with complete accuracy:about the StatementHowever, Mr, *** has admittedly acknowledged he has allowed his auto insurance to lapse on more than one occasion causing the loan balance to increase due to forced placed auto insurance being added to the loan balanceForced placed insurance, when added to consumer and mortgage loan balances, is a and customary practice in the lending industry and, a common result of lapsed collateral protection insuranceMoreover, a loan amortization schedule prepared at *** :inception can not be relied upon for payoff
quotationThe amortization schedule is only a scheduleWhen c4her charges occur to the loan balance
during the term of the loan it can often result in an adjuStrnent to the scheduled loan balance and
payoff
Had Mr*** been able to work us in his schedule for a personal:visit we would have been able to show him the detail of his loan balance activity and how other Charges, such as forced placed insurance, may have significantly affected (increased) the loan payoff from the scheduled balance as reported on the original amortization scheduleFinancial Builders FCU's offer still stands, We are more than happy to show him the detail on his loan history if he is interestedBest Regards,
Dean R***
VP & Chief Lending Officer
d***Pfiriancialbuilders.org
(765) 455-X

Don't get a loan threw them if you do not have perfect credit rating. I have had them mess up and Bill me for insurance make me go from a month behind to four months behind. They also don't check there faces a billed me when the prof was on there fax machine. I would rather not get a new car then go threw them for one.