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Updated over 4 years ago,

User Stats

384
Posts
263
Votes
Mike Shemp
  • Rental Property Investor
  • Stewartsville, NJ
263
Votes |
384
Posts

Lesson Learned On A Bad Lender

Mike Shemp
  • Rental Property Investor
  • Stewartsville, NJ
Posted

Hi All,

I had recently had a negative experience with a lender , and wanted to provide to share a tip with everyone that may help them avoid the mistake that I made.

The mistake I made is that I did not check the reviews of the lender on Facebook and Google before entering into a transaction with them.

My tip/lesson learned for anyone who is going to use a lender, is to check the reviews of their company on Facebook page or Google FIRST.  Don't just rely on the Better Business Bureau, but look at the other review sites so that you can put together a comprehensive picture of what doing business with the lender is like.

If the company has a rating below a 4, you may want to ask yourself why that is.  I know for me personally when I purchase a product online at one of the online stores, if it doesn't have at least a rating of a 4 I generally will not buy it.  

This is a super simple tip, and hope that this post can help someone avoid the mistake that I made.

Mike

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