American Loans

The Loan Was Risky

American Loans advertizes a lot and I decided to try them.

Over the yrs I have refied several properties so I am familiar with the service others offer.

I worked with someone named JL or JT Lavina and he was initially very nice and seemed very helpful.

I turned in all of the required paperwork, but no fault to him since it is required of everyone.

However, after about 6 wks into the process, he stopped returning my calls.

I just wanted to know the status of the refi. About 2 wks later, he finally picked up and said that we needed to do a $500 appraisal on the property, before lenders would consider the loan.

I was told from the start that I would not have any out of pocket expenses.

I never heard of this before but needed the loan to go through so I paid it.

Another 6 wks went by with no follow up after several messages were left.

I finally got in touch with him and he said the loan would not go through and gave me no reason why.

I have a credit score of 780, have been in the same job for 10 yrs and the home I was trying to refi had a 40/60 loan to value.

I thought maybe it was less him and more that the loan was risky.

I would have believed that if another company wasn’t able to process my loan in 6 wks.

I wouldn’t waste my time with this joker. Sorry Mr Lavina, there are better people out there to do buisness with.

Is American Loans legit?
American Loans is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 1 consumer(s) was/were given a American Loans as a negative rating, and only a few left positive feedbacks.
Where is American Loans located?
American Loans is headquarted at 8800 S Harrison St Sandy, UT 84070. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact American Loans by dialing (801) 269-0900 or visit their website
How much monetary loss is incurred by American Loans’s customers?
According to the reviews posted by American Loans’s customers, US $2352 was the total loss incurred, and hence the severity of the scam is high.

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1 Review on American Loans

  1. American loans has been amazing to work with.

    American loans has been amazing to work with. They were great to have everything back over to me and the loan closed with no problems.

Reported Loss :2352 $
Severity of Scam :High
Reported by : Anonymous
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