Lobel Financial Corporation Reviews

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.

I have had nothing but problems from this company! Since day 1. So like most reviews in here, I had a 2005 Infiniti qx56, price on window $12,780. I put $3,500 down, which should have covered the $3,000 for pay off amount. I have never been late, until this time, it was a partial payment, (reg payments were $485) they repossessed when I had just made an agreement to pay the $350 (included late fee) of this month’s payment. That agreement was made on a Friday, to pay the following Friday. They repossessed it 2 days later, but they messed up. I have a voicemail from a supervisor (still saved) that said it was still okay to make that agreement on Monday a voice mail. Smh. Payoff amount was $3,000... so, shouldn't have the $3,500 I put down be the payoff? Even if not, I had an agreement, they broke it. I’m now out of $24,000 I’ve already paid on this car. Now I have nothing to show for it! Thanks Lobel you are real "GANGSTERS".

My car got towed from work because my tags were behind. I quickly paid the registration and tickets at DMV... While I was getting these things taken care of, Lobel Financial went to the tow yard without letting me know or with a warning repossessed my car. My payments were not in default nor late nor in collections. They charged me for a repo!! How I don't know this has to be illegal... Instead of just the normal fee for being late at DMV...my loan company Lobel Financial added 600.00 more dollars to what I was already paying the initial tow yard. This is robbery. Please help.

This company must be stopped!!! I got a auto loan with Lobel Financial (not knowing how bad the reviews were until after!) - we were approved at a mid/bad rate (it was decent enough at the time)- we get the car and drive off! Three weeks later we received a letter that our auto loan was denied- "wait what???" "We were in the dealership when this was all approved" I even spoke with one of the company's representative 1 week later to verify all the info, we were told when the payments were due... etc.

My experience with this company is by far the worst. They have horrible customer service, they work only by fax and phone number, I was constantly misinformed about my account and who to reach for help. They never “receive” faxes with important documentation and conveniently without that documentation, my monthly payment is about $200 higher. Their employees are rude and do not provide any sort of assistance or information to their customers. This is a shady establishment and the worst experience I have ever had with a company. DO NOT WASTE YOUR TIME WITH THEM.

My husband and I got a car loan with Lobel 12 years ago in 2005. We had the van for about a month. It keep breaking down in that time. It got repossessed one month after we got it. They took us to court in 2005 and got a judgment against us. It is now 2018 12 years later and they are just now trying to garnish our wages after all this time.

Do not get financed through this company. You will get screwed by them and they don't care about anything but making more money off you. My car got stolen and because they said that for any reason my car should get impounded they have the right to repo. Told me if I wanted my car back had to pay a ridiculous amount for a car that the police told me couldn't run. They auctioned off the car and still took me to court to pay them the full amount of the circle. Very heartless company. Couldn't even take consideration that I was a victim of a crime.

I was desperate for a car and went through them as I had no other options at the moment. They force you to get a car under 9k and within a few months when you are on your feet, the loan is too low to refinance outside and they will not lower the 25% interest. They will not work with you at any point and for any reason. They call with lies and threaten to have your car impounded because they did not apply the payments correctly. I am so thankful that I traded in the car and never have to deal with these gangsters again.

Unprofessional, unwilling to help and untrustworthy. I contacted the company on behalf of my niece who is a co-signer on the vehicle. Her father had purchased the truck a month ago but has since been unable to make the truck payment. I called to make a payment and to see what options we had to either sell the truck, keep making payments, or surrender it. The whole time the lady kept on insisting on having the truck voluntarily repoed even though I told her we could make the payments. That, since the loan had an exaggerated interest rate (which she stated she was unable to tell me the exact rate over the phone) that we should just take the loss.

Sending a paid off on a vehicle after 3 months still don't receive the title. The check was cleared from the bank and I call Lobel to follow up on the title. Find out the account still has a remaining balance. They claim they send us a letter which they never did and paid the remaining balance. After 3 weeks I still don't see a title. I call again and title dept. said it under legal dept. transfer to legal dept and transfer to accounting dept. and I asked for lien release to email or mail express the title and they said it will be regular mail and it will be another 21 days before I see the title; hope they can communicate through dept. to at least solve this issue.

Lobel Financial will approve you at the cost of competence - I voluntarily surrendered a financed vehicle a few years back so getting an approval with a prime lender was difficult. However Lobel gave me the green light. I've been in the vehicle now going on four months and every month there's been a headache to deal with regarding Lobel. The first month they increased my payment by $90 as they claimed they didn't receive my insurance declaration page. I called my insurance and they again forwarded the required information and I refused to pay the $90.

I want to warn everybody about this ** company. June 2014 I bought a used 2008 VW Jetta. Knowing it was overpriced I needed a car so I got it. September I was having some financial issues so I called them and let them know my payment will be late. We agreed on the date when I was to pay and then catch up in October within the 10 day grace period. They agreed and said that they will put it in their notes. October 6th they repossessed the vehicle. When I called them the next day they acted like they weren't sure what vehicle I was talking about and if I even had an account. They put me on hold for 15 minutes (literally) and I hang and call back several times and several days after the first initial call.

I've told these people not to call me during work hours and what do they do. They call over 8 times a day. So of course I'm not going to pick up the phone. They called me one day saying they were picking up my car for a late payment. This ** didn't even read the notes right. They didn't pay attention to the insurance notes. They were saying I missed a payment but it was the insurance proof didnt post on their end for the billing to see. They had me heated because she said I missed my payment. This people need to be put out of business. So rude and unprofessional. No one ever wants to put a manager on the phone. Just leads and that's **. Get it together over there.

My boyfriend was buying a car from a dealership 2 hours away from our residence believing he could get a better deal on a car. I was asked to be one of 6 required references (what happened to the 3 usually required?). My bf put a 12% down payment on the car and even offered to pay more monthly on the payments. He also has full coverage on his cars. We left after hours of being at the dealership, and that was after he chose one of the first cars we saw without wanting to see anymore.

This whole week I've been getting calls from Lobel Financial telling me I need to make a payment. I have verified that my bank payment did go through finally. I called them back today. They threatened to come and repossess the car because they have no proof that I have insurance on the car, I clarified that when I bought the car they requested proof of insurance which I gave to them and the dealer, when I submitted my paperwork to finance the car they requested. In May 2 months ago they requested proof of insurance again. I had my insurance company send it to them directly to their insurance department, on Thursday of this week.

The worst finance company ever. Lawsuit coming soon. I don't even know where to start. Like a lot of people here my car was repossessed. Ok I guess I can only blame myself for that. Now made all the payments to pick up my car just to realize that they took off my license plate broke both of my bumpers, my spoilers and my taillight and changed my key. The place where I picked up said to call Lobel because they're liable for the car. Called and this rude ** was talking to me all she wanted, even put me on hold like 100 times for more than 5 min each and finally told me they can't do nothing for me. Now I have a car I can't drive, no license and broken stuff. I'm going to sue them because that's not right.

This is the most disgusting company I have ever dealt with. I walk outside to found out my car is gone. I have made double payments to get it out of the way and to top it off they financed me a lemon. The car has no reverse. The window is broken on the sides. The frame is messed up on the car and to put the cherry on top the car is only worth 233 dollars from Kelley blue book value and I think it was a slave title. If you have any one in your family that is going to finance a car never go through Lobel because this is the second time they have done this to me. The 1st time was last year. These people are sick like really. May they burn in hell when they die. That's all I can say. I only owe 2,961.00. I am so sick of these people. Am going to have to fight with them to get back a broken piece of car.

We have one year with this finance company and they have always been friendly. We always managed to go to an agreement and they always notify us when we are behind. My father's truck was worth it, I am very content with this company and their services.

I have been with this company for 3 years now and NEVER had a late payment. I noticed that my check has not been cashed for my car payment so I called to see what was going on. They SAY they did not get it so I just paid over the phone. Which they charge you $10 just to pay your car payment which is so insane to me! I asked her if this would go on my credit. She said yes. They have no control which is BS because I read that it's up to them. She had no sympathy and was short and rude, didn't even try and help me. Every time I call to make a payment they are rude and have no customer service skills. They never side with a customer which I think is horrible especially when they are in the wrong.

Pieces of ** is what they are. I've paid 7200 on a 10k car and put 3500 down so I shouldn't have any more payments but they seem to think I owe them 2600 still. Well ** them and they need to be investigated but since they will just throw money to whoever investigates and they will pretend everything is good.

Lobel Financial is the worst finance company in the United States of America. I was financed for a car that was a lemon and now my wages are being garnished because they sued me for lost damages. This was already after I surrendered the vehicle. But not before I had to replace the transmission. I was never late on a payment and never short but I had to make several repairs to the vehicle within the first year I had it. Before I surrendered the vehicle the motor blew a head gasket. If you are in the Fresno, CA area stay away from Lobel and stay away from Payless Auto.

Pet monkeys can run a better company! Poor customer service. Blames customer for employees ** up! Supervisor rude and disrespectful. Their employees need to be trained better and they need to listen to their customers. I highly recommend no one use this company. They will screw you over and lie to cover their **. They get a 0 rate from me. I will never use them again and they like to do payments that you do not approve when you're already months ahead without authorization. Fraud company. Pet monkeys can do better. They got one star because I had to give it so I can post this review.

I believe this company is a huge scammer! I got this vehicle from a dealer that I believe know the company very well and both are scammers. Stealing in the back of people. The dealers sell me a vehicle 2004 Mercedes Benz C240 who value is around 3,000 to 4,000 (book blue) but he ask me 7,000 and get me quick approved at Lobel Financial who ask me to pay back 10,000 (3 times or 2 times the vehicle current price) since I was need in vehicle purchase. I taught the price was fair as the car was a Mercedes Benz. The dealer lie that it was a 2014 but it was a 2004 as shown in the original documents. He stated that they did maintenance and everything is new but only after 1 months! The brake start to do problem! Now I start to understand why he want me to be financed and did not put warranty of the vehicle.

I had my car repoed a few weeks back for being 5 days late on my payment. It took them three days to get me the info to get my car back. The whole time they told me they needed approval from manager to get the car released. I provided them with all the info they asked for. They continued to tell me they would call me back and give me the price needed to pay. It took 3 days to get the info. When they finally gave it to me, I was told that it had been ready for 2 days. So I got charged the extra days of storage where I was charged for personal property storage which was stored in lockers. They left everything in the car saying they were going to get to it the next day. But still charged me for the storage...

So my car payment is due on the 3rd of every month so September 7 I made a payment leaving me with 150 left to pay. Now in the month of October I owe a car payment. October 19th the morning that I was going to pay my account off I wake up to my car gone trying to take my baby to preschool. Due to a past due amount of 30 dollars they say if I would have paid it, it would have not happened. From all the reviews I read it seems that this place is a scam very unprofessional and it is very clear that they do not communicate.

Have you had your vehicle repoed when you weren't behind? So I have never had a problem until now. My truck was repoed Sunday night. I thought it was stolen due to the fact that I wasn't behind on payments. So anyways they asked me to show proof of insurance when I called them. I said I have faxed it in multiple times which I did and one of the ladies said she got it. So I'm clear right? Wrong! By law you cannot repo a vehicle when you are not behind. I paid 800 to get my truck back... insurance fees and repo charges. This place is a scam and a lot of people have gotten the worst from them. I have heard they have lost multiple lawsuits and surprised they are in business. Time for court... Who is in???