Consumer reviews and reports on scam companies, bad products and services
Ocwen
Ocwen Mr. William C. Erbey, Mr. Ronald M. Faris, Mr. Paul A. Koches, Mr. Richard Delgado, Mr. John Van Vlack. Extensive charges, sabotaged credit rati
12th of Jan, 2011 by User484136
I have been a customer of Ocwen for 8 years now. I missed 2 payments early on in the mortgage and the nightmare began. I entered into a 18 month forbearance to catch up and this is where they changed my interest rate. My payment went from 860 to 1210 a month. I paid every payment at this amount. They reported me as 3 months late to Experian, Equifax and Trans Union the entire time. They made sure my credit rating was ruined so I can't refinance. I paid out of my forbearance early on to get back to my 860 payment. It never did go back to 860. I now pay 910. Every onth I have a charge for something or another. I just got under the amount I actually financed. I asked for the documents that have changed my interest rate and they won't send it to me. It's not in the documents I signed for the forbearance. I asked for the forbearance document they have and they won't send them. I can't talk to anyone in the USA. I've talked to many people who are having the same problem. When is this company going to be removed from business? I have seen a lawyer and he tells me it would cost me more to sue them. What can we do? Too many people are being hurt here.

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