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	<title>Comments on: The Most Ridiculously Defective Credit Instrument That Was Ever Designed</title>
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	<description>- Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org</description>
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		<title>By: HurtByAmeriquest</title>
		<link>http://loanworkout.org/2007/11/the-most-ridiculously-defective-credit-instrument-that-was-ever-designed/#comment-7063</link>
		<dc:creator>HurtByAmeriquest</dc:creator>
		<pubDate>Mon, 26 Nov 2007 18:10:23 +0000</pubDate>
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		<description>Pulled from the Rip-Off Report about Ameriquest HURTING OUR TROOPS!&lt;br /&gt;&lt;br /&gt;&lt;a href=&quot;http://www.ripoffreport.com/reports/0/286/RipOff0286186.htm&quot; rel=&quot;nofollow&quot;&gt;http://www.ripoffreport.com/reports/0/286/RipOff0286186.htm&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Ameriquest took advantage of deployed soldier and family. Orange California&lt;br /&gt;&lt;br /&gt;My wife and I chose AMC Ameriquest to help refinance our home, we meet with Torin Beeler, We discussed what we wanted; 40 yr fixed rate plus pulling our $25,000 for debit consloidation and home repair. He told us he could do that with a new program were we would make 3 or 4 payments at $2265. the the payment would drop to $1165. for 40 yrs. My wife and I agreed to this. I asked if this was a 2yr ARM. he said, no. I told him I was leaving for Iraq in 2 days, and that my wife has power of attorney and would sign. I told him to print this contract up. we signed a draft document showing that we agreed to what was told to us. I believe Torin knew my wife wouldn&#039;t read the contract, so, Torin Beeler changed the contract to a adjustable rate at 7.9% with a jump to 13.9% for 30 yrs and only giving us $12,000 cash and a check to a lcredit card lender that had already been paid off. I would never agree to this, and if he would of told my wife, she also would not agree. Torin Beeler took advantage of my family. I can not afford this 13.9% rate. we will lose our home of 15 yrs, which we have never missed a payment. nobody in their right mind would agree to these kind of number.&lt;br /&gt;&lt;br /&gt;Ssgdawson&lt;br /&gt;san bernardino, California&lt;br /&gt;U.S.A.</description>
		<content:encoded><![CDATA[<p>Pulled from the Rip-Off Report about Ameriquest HURTING OUR TROOPS!</p>
<p><a href="http://www.ripoffreport.com/reports/0/286/RipOff0286186.htm" rel="nofollow">http://www.ripoffreport.com/reports/0/286/RipOff0286186.htm</a></p>
<p>Ameriquest took advantage of deployed soldier and family. Orange California</p>
<p>My wife and I chose AMC Ameriquest to help refinance our home, we meet with Torin Beeler, We discussed what we wanted; 40 yr fixed rate plus pulling our $25,000 for debit consloidation and home repair. He told us he could do that with a new program were we would make 3 or 4 payments at $2265. the the payment would drop to $1165. for 40 yrs. My wife and I agreed to this. I asked if this was a 2yr ARM. he said, no. I told him I was leaving for Iraq in 2 days, and that my wife has power of attorney and would sign. I told him to print this contract up. we signed a draft document showing that we agreed to what was told to us. I believe Torin knew my wife wouldn&#8217;t read the contract, so, Torin Beeler changed the contract to a adjustable rate at 7.9% with a jump to 13.9% for 30 yrs and only giving us $12,000 cash and a check to a lcredit card lender that had already been paid off. I would never agree to this, and if he would of told my wife, she also would not agree. Torin Beeler took advantage of my family. I can not afford this 13.9% rate. we will lose our home of 15 yrs, which we have never missed a payment. nobody in their right mind would agree to these kind of number.</p>
<p>Ssgdawson<br />san bernardino, California<br />U.S.A.</p>
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