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Anybody got any thoughts on American General Financial Services.




They max'd out the value of a vehicle that I wanted to refi (even though it wasn't worth what they were telling me it was) so that they could make the most profit with an over inflated interest rate. Boy was I suckered! My payments continually went up as if I was paying a neg am car payment! It got to the point that I couldn't afford to make the payments and the car was repo'd. Now I can't get a car loan to save my life. Well I learned that's for sure.... cash is king! If I don't have it in my bank account then I'm not getting it!

Sub: #11 posted on Wed, 12/10/2008 - 10:58

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These people are a rip off, RUN FAST. I had an automobile loan for 54 months. They are stating that after 5 years all of my payments have gone toward the interest rate... and I still owe over $5,5400, I dont think so!

Sub: #12 posted on Wed, 01/07/2009 - 15:18

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Current interest rate is 24.99%on secured loans..that means you have to put your auto or other property up as collaterial. They charge an application fee..that ranges from $100 to $400 on personal loans. One step above payday loan companies which were shut down in ohio this year to protect the public. Most people can find a loan elsewhere for much less interest & most do NOT charge an application fee. Shop around.

Sub: #13 posted on Wed, 03/11/2009 - 16:07

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Quote:
Originally Posted by deacon
Anybody got any thoughts on American General Financial Services.


Yea they are a horrible company and will charge the highest interest rate possible.

Sub: #14 posted on Tue, 06/29/2010 - 11:16

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they are a scam and with alot of law suits on them right now wouldn't take the risk

Sub: #15 posted on Wed, 08/18/2010 - 07:01

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They are predatory lenders, even now under federal investigation (as well various AGOs). Simply google "usury laws" in any state. In Missouri, the cap for a personal loan under $5,000.00 is set at 9% - 10%. Your state's cap is likely set to the market value of governement bonds' yield for a certain quarter.
Also, call the Better Business Bureau and your State Attorney General's Office. Those folks will be happy to give you plenty of free information on this company (sic).

Good luck, my freind. Sam

Sub: #16 posted on Mon, 02/07/2011 - 11:12

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I have proof that AGFS gave a $15,000 morgage to a man in 2007 who provided them with a SSI# and other info that wasn't his and to make matters worst they allowed his girl friend to sign as a co-borrow. Not under her real name or info but under his last name to show that they were married, when they infact were not married and the name she signned on the document was not her real name at all. Two AGFS Agents signned as witnesses and it was noterized... I like to think that the employees of this company allowed this kind of fraud by not doing there fact checks on the info submitted....or they had help them fill in this paperwork incorrectly just to get the loan approved.

This was done at the AGFS office in Vineland, New Jersey and it should be looked into by the federal goverment. AGFS Employees at this location have knowingly or negligently added in fraud.

Sub: #17 posted on Wed, 02/09/2011 - 11:17

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What a stark revelation... Such incidents had led to the sub-prime lending and subsequently the crash in the mortgage market... I just hope that proper actions are taken against the two agents as well as AGFS.

Sub: #18 posted on Fri, 02/11/2011 - 02:15

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