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American Lending Corp.

Patricia  of Suisun City CA (02/26/06)
I was contacted by American Lending Corporation to refinance my house. The person who handled the transaction, David Calahan, promised me that this refinance would pay off all my credit cards as well as my car. I had a 2002 RAV4 that was a lease.

The deal also included $20,000 cash so I could remodel my kitchen. When all the paperwork was done and checks issued, it turned out the the lender, Sierra Pacific Mortgage, had not called Toyota Financial Services, who held the lease on my car, to verify payoff. The result was that a check was issued which only paid off the lease but not the $7,650 still owed on the car.

When I called it to Mr. Calahan's attention, he went back to the lender who admitted "dropping the ball" but would not honor the promise Mr. Calahan made to pay off my car.

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