Lawsuit Against Internet Mortgage Company Bankrate
A former advertiser is suing Bankrate.com because they say that Bankrate allowed mortgage companies to run amok. Many companies were pulling bait and switch tricks when it came to the rates that they would offer consumers.
I’m sure however that things like:
a consumer would need “a direct pipeline to God” to qualify for its advertised rate
Is probably not a great way to conduct business. But hey they obviously know better right? Another problem is that quietly Bankrate has been fielding lots of complaints from it’s customers about the advertisers, but the new management said that things were going much better since they took over the company two years ago.
July 13, 2006 | Filed Under Mortgage Updates