Ditech Finanacial LLC Reports & Reviews (1)
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SCAMPULSE
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SCAMPULSE
If you know any contact information for Ditech Finanacial LLC, help other victims by adding it!
Country United States
Victim Location CA 95404, USA
Type of a scam Other
These mailers are very misleading, for example, on this particular mailer, they have a prominent note on the paper that says:
"Your Estimated Total Payment Reduction": Monthly: $1039.27, 1 Year: $12,471.24, 5 Years, $62,356.20
This claim is simply not true - my "total" payments will NOT be reduced by this offer. My current loan rate is 3% and they are offering 4.206% and they are offering that I change my 8-year loan to a 30-year loan. As we saw in the housing crisis, many people do not understand that going to a higher interest rate and drastically lengthening the loan term will cost them tens of thousands of dollars. I hope that someone can do something to stop this misleading advertising!