Lobel Financial Corporation Reviews

Awful, please do yourself a favor and do not get your car here. I don't even know how this business is legal. They hide information, refuse to give you copies of contract, payments information, Interest. Worse customer service ever. We should get a lawyer and show everything they do, abusers, criminals!!! Every time I check my last and current bill they would never ever match! I supposed to see the last payment totally discounted from the balance but is not. 40 thousand dollars is what I'm finally paying for my car and maybe more.

I was running late on payment due to surgery. I gave them a date so they gave me a payment to catch up. I told them ok but they said they are looking for the car. I’m like, "The payment is coming!!!" They want the car so they can add all these fees for you to pay to get it out of repo!! They don’t work very good with customers. The reviews are other customers with the same issues with them.

This is a bad company don’t trust they steal from you. They have a high interest. They not have a nice customers service and they will make your credit going down. They really trying to steal your money. They don’t pay the car if the car is accident on crash And they will do everything to make your rates up. I hope I can help somebody out there so keep in mind don’t use Lobel.

I financed my first car with them. It ended up being repoed which at the time it is what it is. The car was 1900 and they paid that but charged me like thousands more. They took the car and continued charging interest on the loan. 8 years later I call them asking for a statement, I asked them to settle with me. They flat out refused. They said they won't come to an agreement. They won't tell me what I owe. They said I cannot make payments to them. The representative on the phone flat out told me they will continue charging interest for years and years then come after me. I told her I would file bankruptcy and she said "They will find a way to fight that". Absolutely disgusting practices. Illegal. Fraudulent. Never ever ever go with them. I promise you it's a mistake. 10 years later and they still won't talk to me about the loan. Waiting for the day they try to come after my money and take them to court.

I believe it's time this corporation and its investors get a class action lawsuit for its hired legal department's representation. They fail to respond to consumers' requests for full clarity for any previous debts owed, even though one wants to accept the defaults in which they have accepted and come to an agreement. I have been left waiting on calls, dropped calls, my phone number has been blocked and I have had to call place my phone with a block number. They have stated several time they would send an itemized statements of all payments received on my garnishments, which again I have not argued and accepted, but they have yet to send. All I wanted to know was how much balance was left and they could not produce.

I bought a Challenger scat pack two years ago, I have a five-year loan, but I’m almost paid off already. I pay either $1000 or $2000 each payment rather than my $592.37. I take pictures of every single payoff before I pay it, and after I pay it, and also every confirmed payment. Since I’m almost 2 years over paid off, there should be no money that I owe to Lobel. But since I pay more than my normal amount, it just subtracts the money from the next payment coming up, supposedly, and keeps charging me a late fee over and over and over. I’ve contacted them multiple times and everyone I talk to whether a guy or a girl for one barely speaks English and they are all very rude. They never try to look into my situation. They just tell me that my account is fine. Oh yeah, I know my account is fine but they take money from me every month. It’s weird because I feel like I can’t do anything about it? Who do I call?

Lobel Financial not only has me upside down in my car loan but now has it on my credit that I have a late payment even tho I had contacted them and been approved for a deferment during the month I was unable to make my car payment after being diagnosed with astrocytoma brain cancer. Now it always appears that I am behind in my payments thus damaging my credit. Worst finance company ever!

I have been battling over a year to get an erroneous charge removed. I have sent several proof of declarations. They just keep tacking on late fees and impacting my credit. I just did an article that was published on medium. If this helps anyone raise further awareness of this deceitful company, then that will be great. **

First car loan was with them when I was 19. I’m in my 30s and they still continued to hunt me down for that 5k car. They are so ridiculous, luckily I decided to file bankruptcy and I got rid of them. Never, and I mean never deal with this institution. I don’t care how much you want the car don’t do it.

I put every penny I had saved down on a used 2012 gmc acadia slt with a one of kind trim and was so proud of myself. Then the pandemic hit and like most I struggled a bit but kept up with my payments. The morning of my birthday as I get ready for work I go to warm up my car and I didn't hear anything and when I went outside my car was gone! I was that if I wanted it back I need to pay $2000 for a payment that I missed a year ago! WTF a year ago are you kidding me! That's bogus. Lobel had the balls to turn around and sell my car for 3000$ while still registered in my name and move it out of state and is now being sold for 18,000 when I got it for 14000. Lobel sucker punches folks, steals back their cars, washes the titles and gets rid of them.