Do not apply with Patriot Finance. Received a pre-approved offer from Patriot Finance.
I apply because my score is well above the 700s. I have verifiable income well above 100K.
I apply and submit all documents requested. This is where it becomes murky.
After submitting my docs, I awaited 72 hours for a response.
Then the underwriter Jeff (which isn’t the underwriter, he’s actually the prejudiced COO Jeff Branton) calls & ask for W2’s and my tax return which wasn’t a problem.
Then he ask for a IRS Form 4506-T form & 3 more months of bank statements to further verify my documents?!? Hmmm…really?!? Six months of bank statements, 3 paystubs of my last pay period, Drivers License, a W2, 2016 Tax Return, & IRS Form 4506-T.
Qualifiying for a mortgage would be easier and less invasive than this process.
Also, I think their staff & underwriters are extremely prejudiced towards people of color.
Don’t let the one or two black receptionist in their office fool you.
Anywho, after the long drawn out process, I get an offer. Get this….
A $15,000 loan with an 39% APR-59% interest for 36 months !!! Really…?!? They pulled Transunion and my score was 739.
No lates and zero credit usage. All account up to date & paid. DTI Ratio at 17%. And this is the best they give me?!?
Don’t listen to any of the reviews on Trust Pilot. If you are a minority, go to a credit union or local bank & apply for a loan or credit card.
This Alt-Right company has no problems funding predatory sub-prime loans to minorities and offering much better rates to those who are of their liking or ilk.
P.S.- That Person Jeff. On top of being the “underwriter”, he is the COO of the company.So if he feels like being discriminatory against you, he will.
If you feel you have been discriminated against, you should file a complaint with the General Attorney & State of Georgia. His name is Mr. Jeff Branton.