Lobel Financial Corporation Reviews

I purchased a 2007 Mercedes. First off it was only worth 10,000. They charged me 23,000 for this car with $7000 down payment. The car broke down some months later. Cost me 1000's in repairs so they reported the car not running and sued me when I paid all my monthly payments on Time and put $7000 down. They have the car that was trash from the beginning and still try to file a lawsuit and post it all over the internet which this car was taking off me in a divorce battle. I won so they will be hearing from my attorney with this fat lawsuit.

They don't see me on payday … On their website I can't log in to pay …. Never got it. Only when defeated they turn on …. are super rude to customers …. My account number never works on the page. I'm already regretting having bought this bank.

I financed a car from this company, it was my first car at that time. It turned out to be trash. I was young. I didn’t have the knowledge that I have today. The first day that I drove the car back home the check engine light came on. I couldn’t drive the car a lot. I called the dealer. They weren’t helpful. I called Lobel. They were very unprofessional. There was always weird noise in the background (people laughing). They are scammers. Please don’t ever trust this “company.” It’s TRASH!!!! The car started to leak oil after 2 weeks of purchasing the car. Also it had a problem with the engine. I have proof because I took it to a professional BMW dealership.

I financed a car from this company, my first car at that. It turned out to be a lemon. I was able to drive the car about 20% of the time I had it. Lobel just shrugged it off. Mind you I had problems the first month after getting the car. I should’ve known something was up when the dealer was as able to call someone at Lobel and get my application to go through because it was denying me at first. I called them numerous times to try and work something out but they didn’t care. The car was worth about $2000-$3000 at the most but was sold to me for $6000.

Once again I make a payment 1 week early and I am still being told I am past due. Lobel Financial keeps charging me late fees even though I pay a week early every month. They have already reflected my credit score negative 51 points and it keeps getting worse every time I make a payment. Customer service is horrible. I ask customer service reps to put notes on my account on the date I make my payments and they never do.

Hi Guys. Beware of Lobel Financial stealing debit card information i.e data breach. I paid My payment over phone, next day my debit card info was leaked. I talk to lobel customer service and they said they will take an action, they did nothing and called next day ask me to claim from bank. I cancelled my debit card and filed complaint in Wells Fargo bank and I mention the information was leaked from Lobel financial. Lobel is not a right company. Lots of black sheet works and stealing our monies.

Absolutely the worst lending agency in the industry... I sold new cars for Chevrolet for 3 years and never have I encountered such rude, dishonest customer service reps... And when you asked for a supervisor they say there's not one .... I would not recommend Lobel to any of my car clients...I'll be posting to BirdEye, BBB, Facebook, Instagram, every day until this matter is resolved..!!

I recently purchased a vehicle and had a choice of finance company. But should have done my research first because not only are they rude but they charge you a fee to make payments no matter how you pay.

My first mistake was signing for a car for an ex who ended up not paying a dime for the car. The initial price of the car was 12,000. My bill is now 22,000. They won’t drop the interest that has accrued. I set up a payment plan and the total price of the car keeps increasing. The staff is not helpful, arrogant and downright mean. The car is worth less than $5,000 but now I am stuck paying the price of a brand new car.

Lobel financed my husband when no one else would. After reading some of the other reviews, I'm shocked we're talking about the same company. There were a few times we were late and/or missed a month entirely and not once were we harassed. Not once did anyone from the company call us about the late/missed payment. I've only had to call the company one time and the customer service guy was super nice and helpful.

I have this company auto loan account. First time make new credit card first time buy car. The car dealership company directly sign up this company because that time my credit report is not good. Every month I pay my payment but sometimes I forget Lobel Financial customer center send me email or message to remind my payment. But this time my payment is one month late me to forget lobel payment. Even customer service too didn’t text me message. Lobel financial app remind section too not work. Then today my credit info come to email. Reason is lobel financial reported me.

I had no issues for three full years with my payments. I have finally reached the month to make my last payment and IRONICALLY they are having issues receiving my payment. The entire staff was unprofessional and I was even hung up on two times. I have made my final payment and after reading all the reviews which I wish I did before purchasing the vehicle, I honestly feel they are trying to create a reason to make more money off of me. Just close my account and send me the title PLEASE.

I am filing chapter 7 bankruptcy and have kept up to date on my loan with them. I mail in my payments thru snail mail and simply called in to inquire if they have received my payment. As soon as the legal dept rep answered the phone, her attitude was TERRIBLE before I even said anything! I asked if my payment was received. She said NO and hung up on me! Mind you, I have been keeping up with my payments and to hang up on a customer...bankrupt or not is TOTALLY unacceptable.

I purchased my first car in Nov. 2018. Lobel was the financing company. My first payment was Due Dec 10th. I made the payment late on Dec 23rd. I received my statement for Jan on Dec 28th stating they received my payment and my next payment was due Jan 10, 2019. Other than that statement I received nothing further saying there was any issues. On Jan 3 I went outside to go to my car to Drive to work and it was gone. I find out it has been repoed. I was completely confused. I called Lobel and tried to find out what was going on, they told me I needed to speak to a specialist but none were available and they would call back by the end of the day. I heard nothing. I called again. Still no answers. This went on for a week before I got to speak to the specialist.

I have had my BMW for 1.3 years and I have had only a small issue at the beginning with the insurance. Yes if you do not send in the proper paperwork from your insurance you will get charged with the insurance fee from Lobel. Which I did get fined but was taken off once I sent in the proper paperwork. If a person is on time with payments and responsible with the money they have been entrusted you should not have a problem. All these people are late on payments or they bought a lemon and don't want their car anymore. That has nothing to do with the finance company. Plus they give you 10 day grace period to pay without fees. I mean come on people you have a high-risk loan they will not play around with non-payments.

I purchased a car financed by Lobel Financial in 2018. I made all of my payments even late payments that kept account current. Lobel took two payments in one month one day after each other from my bank account in August 2018 then stated I did not make the next months payment. I request a payment due date change to Lobel six (6) different times in one year which they agreed to the change with a letter dated January 2019, since refuse to honor the agreement. They claimed I was 40 days behind on payment repossessed my car Monday night 6/17/2019 after Lobel made a phone call to Phantom Towing. After the call in less than one-half hour my car was repossessed.

Currently in Chapter 13 Bankruptcy with Lobel being a listed Debtor. I was involved in a Hit and Run accident on 5/2. Insurance paid claim on 5/16 and made the check out to Lobel and myself. Car repairs completed 5/31. Took check into local branch along with the proper documentation that the car repairs were completed. Lobel applies the Insurance check to the account as a payment. I did not endorse the check or give permission for Lobel to apply the check to my account. The check has to have both signatures to be checked. They are stating it was a mistake however California Branch is blaming Texas Branch and so on.

Never do business with them again. I cannot wait to refinance my car. They have been nothing but hell. I have been up to date on payments but yet they call me every day saying a payment is late and I’m not due till 18th of each month. They keep saying they haven’t got my insurance information... for 3 months now and I have insurance. They keep harassing and calling, adding on fees and adding on things that don’t make any sense at all. I cannot wait to switch someone else. I hate libel and wouldn’t recommend their service at all to anybody. They are scammers for sure.

No good Lobel Financial is garbage. Never ever go back to that waste of money Lobel Financial. My advice to the people thinking of going to Lobel Financial go anywhere else but there. They took my car. Never missed a payment. My last payment of 100 dollars 2 weeks late. They rats took my car. Couldn't get it back because they sold car and said I still owe money. ** Stoopid lop ** rats. So yeah NO GOOD. LOBEL FINANCIAL IS NEVER GOOD. DONT EVEN THINK ABOUT IT. NEVER EVER.

I am tired of sending them proof of my insurance. Has been 3 months now, I gave my info by phone hundreds of times, I emailed them and they will never update my monthly payment. They still want to charge me $100 extra every month. Scammers and worthless.

True scam artist. They will squeeze anything out of you that they can. Illegally repossessed my car then illegally auctioned it off. Now they are avoiding me while trying to stick me with a bill. I'm highly dissatisfied.

Recently I went to pay off my mom's car for her after her husband passed. I called Lobel and they told me I had from Feb 13th to the 15th to pay and it would be $2235. On the 14th I call in to pay, they refuse to let me pay off the entire balance. Saying I have to send in a request in writing and have it mailed them ACROSS COUNTRY by 3 pm PST and the pay off is now $2240 and they Won't take a payment over the phone. I can pay online but only $2,000 and today I call to confirm the remaining amount to pay it off since the price changes daily and what should have been $240 is now $382!!! WHAT THE HELL TYPE OF SCAM ARE THEY GETTING AWAY WITH!!! AVOID AT ALL COSTS!

Good morning, my name is Julio Cesar **. I bought a Ford Fusion 2014 black hybrid titanium, VIN number ** at an agency in Florida in Orlando Myway Auto Group, 1315 W Church St ste: 1-3 and I did the loan at the Lobel bank. Shortly after I had problems with bed bugs in the apartment where I was living. A doctor gave me an award that I could not stay another day in the apartment to worsen my children's health. I went to a hotel, I stayed almost 1 month in the hotel, I checked all my bills, because I was paying 2 rents.

I bought myself a BMW M3 in June of 2017, from a local small dealership here in the Houston area. I had the car for approximately 6,000 miles before the engine blew on the vehicle. What do I mean? The connecting rod from inside the cylinder sheared into two piece and shot out of the bottom of my block... Meaning a hole was created... That's not where I got screwed, the story gets better. I was working for Safelite AutoGlass when this happened (back in January of 2018). 6 months after I got the car, I am faced with a bill for a full engine replacement on a BMW M car, which mind you is not cheap. I called the bank when it happened and informed them the car was IN-OP and that I was going to be a little late on my payments to figure everything out.

I buy a 2007 BMW 650i. After a couple months they start to charge me for the insurance. My car got stolen then the police officers they find my car. They take it to the impound. Lobel send insurance adjuster to look at my car that your adjuster doesn't want to give me an estimate. I was calling every day to Lobel Financial to see what happened with the car and they told me, "Don't get involved in these. The car was 25 days and the impound almost about to lose the car. I get the car out from the impound.

I was in an ok place financially, but had terrible credit. Lobel was the first company that approved me for a car loan. It was super high interest for a 30 month term. They told me right from the start that late payments would result in repossession. Got it. That's the nature of taking a loan from a high-risk lender. I paid the car off in 8 months and had the title in my hand within two weeks of sending the final payment. Zero issues with Lobel the entire time. They were professional on the phone and prompt in service. If you have even the slightest doubt about being able to make payments on time, don't go through them. If you don't understand how 30% interest works, don't go through them. If you don't know for a fact that you can keep full coverage on the car for the entire term, don't go through them.

I was late on my payments but I paid every time. I told the witch Misty who was calling me that I sent out payment and even gave her the check number and explained to her that I'm not in control when I get paid because I'm self employed and my clients pay when they want. Knowing also I'm a single mother she couldn't care less. I sent out payment and told her and she still had my car repossessed. And after repossessing it I told the lady, "When you receive my payment cancel it." She was rude and said, "Stop payment on it through your bank." These evil people still tried to cash my check after taking my car from me while I was at the bank with groceries. I filed two claims against them with my bank. They can take the car and shove it up their **. It was a lemon. I had to put money into it to fix. Bumper fell off. Ac went out. Tires were all bad. I put so much money to fix their bucket. Hope they go out of business and lose their jobs and starve.

I purchased a car financed by Lobel the last payment was due on a Wednesday, I called them to inform them I would make the payment on Friday. The next morning they send a tow service to pick up my car which at the time was not drivable. They advised me to collect my belongings. I refused and asked for the address they would be taking the car to with the intent of making the payment and towing it to the shop for repair. The driver gave me an address which was later determined to be false. I began calling Lobel to locate my car and make the final payment (no way was I going to pay 15,000 dollars for a car and give it away). Every time I managed to speak to someone after I explained the purpose of the call I was placed on hold and no one ever answered.

I wish I would have done some research or looked at this website before giving this company my business. I got a loan for a vehicle for 10,000$. My payment is 350 $ a month, yes I know and it's a KIA. However it has been 29 months and I've made every payment on time which is over 10,000$ I have paid into my vehicle. SOMEHOW MY BALANCE IS CURRENTLY over 6,000 and I have been making payments for 2.5 years. This company is 100% a Scamming and fraudulent company as far as I am concerned and takes advantage of people. Now I must involve a lawyer which will cost more money.

Once a vehicle is paid off and the money clears the bank they still hold the title for more than 3 weeks and refuse to issue a lien release. Then it takes additional time once they finally get off their hind ends and release it for the DMV to process and send it to you. This is a ripoff. I have read lots of other customer reviews as well and they are sure in a hurry to repo a vehicle if a payment is late but they refuse to assist someone who has paid off the vehicle as well. Now I have to sit here and wait 1-2 months to sell a vehicle I have paid off because they have piss poor policies and customer service.