Review and analysis of over 52 Installment Loan complaints against Discover
Discover consumers have reported over 52 official complaints related to Installment loan. Out of the 52 consumer complaints against Discover, 33% were disputed by the consumer (i.e. the consumer was not happy with how Discover responded to their complaint) and 100% were processed in a timely manner. 10% of consumer complaints against Discover resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 6% resulted in non-monetary compensation.
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Discover Consumer Loan managing the loan or lease June 3, 2016 - I have been receiving paper statements for my Discover personal loan, even though I had signed up for electronic statements when I received the loan. For over a year I had no issues, and received electronic statements and no paper statements in the mail, which is what I want. I contacted Discover right away after receiving the first mailed statement and I was assured that it was a system update error and it would not happen again. I have contacted them about this issue 4 months in a row. I have explained to them that I have had mail stolen from my mailbox and I 'm concerned about identity thef... |
Discover Consumer Loan taking out the loan or lease April 28, 2016 - On -/-/2016 I reached out to the Discover personal loan origination department with questions on whether it made sense to refinance my existing Discover personal loan or not. After a short conversation we came to the conclusion that it did in fact make sense to refinance the loan as the interest rate could be lower as well as we would shorten the term. After obtaining my permission to pull my credit and getting my income information the representative informed me that we would not be able to go forward with the loan because Discover does not lend more than $31000.00 to any one individ... |
Discover Consumer Loan problems when you are unable to pay April 23, 2016 - My account is delinquent, and I receive frequent calls with no message left. ... |
Discover Consumer Loan managing the loan or lease April 16, 2016 - I paid my discover loan payment ontime as usual as confirmed by looking at my credit history I paid - -/-/16 it is confimred by an email from Discover stating they received my payment, I also received a confirmtion number, and I have proof from my bank and a copy of the bank statement showing that discover took the - out of my account on -/-/16 The payment was never applied to my account,, I called and they said there was a system update that caused problems with payments, the money was never applied to my loan, now I am receiving collection calls, and collection letters,, ev... |
Discover Consumer Loan managing the loan or lease April 11, 2016 - In - 2014, based on - reporting, I received a 30-day late on my monthly loan amount of $620.00 which was due on the - of every month. At the time, my payments were being managed under the agreement of my debt collection company - - -, who was responsible for drawing money out of my personal bank account and making payments directly to my creditors. On - -, 2014, - - - transmitted a $620.00 payment towards my Discover Personal Loan debt. The payment was to be deemed 30-days late on - -. - - - made the payment on the - and Discover Loans d... |
Discover Consumer Loan managing the loan or lease January 26, 2016 - Discover is now offering consolidation loans. I took - out and I also opened a discover " bank '' account. The bank account pulls money from my checking account but then holds the money for over a week. I want to say the funds were held for 7-10 days. That 's fine if it was a check but this is an EFT transfer. So, I 'm losing the money out of my bank and not able to use it to pay my loan. So, In the meantime I look at my loan and pay the bill but the payment gets returned because the funds that they pulled electronically are n't available yet. Ok fine that does n't seem right but whatever. ... |
Discover Consumer Loan managing the loan or lease January 7, 2016 - Discover personal loans mixed up my name and address and continues to send me a monthly statement for a loan that is not mine. I have called each month for three months to resolve the issue but the statements keep coming. I am about to close my credit cards with discover as well as my bank account with them if this is not resolved in a timely manner. ... |
Discover Consumer Loan taking out the loan or lease taking out the loan or lease December 7, 2015 - I applied for an installment loan through discover bank. My credit worthiness was the reason for the denial of the loan. I have credit over - and have even been mailed approval letters from Discover as well. I am disputing the fact that discover has denied my installment loan and would like a further explanation in their approval process as it is misleading in their advertisements. ... |
Discover Consumer Loan managing the loan or lease managing the loan or lease October 30, 2015 - Creditor 's representatives gave me incorrect information regarding " filing a dispute ''. If Creditor 's representative did n't mislead me, I would not have a balance on the account. I would have disputed a $5000.00 charge and it would n't be on my credit ... |
Discover Consumer Loan shopping for a loan or lease shopping for a loan or lease October 30, 2015 - I applied to Discover personal loans for an installment loan in order to consolidate multiple balances into one place. By any objective criteria, I would have been approved for the loan - DTI, credit score, etc. I provided all of my personal information to Discover ( which they had on file, since I have had a credit card with them for 2.5-3 years ). When I called back to Discover, they told me they denied me because I had no credit history. Due to their incorrect information, I was not able to get an appropriate loan. I have lost a significant amount of money paying interest charges, and if ... |
Discover Consumer Loan shopping for a loan or lease shopping for a loan or lease October 20, 2015 - Discover Financial Services ( Personal Loan ) ran - inquiries on my credit report so far in 2015. On an account that has never been late and is in perfect standing. I believe this accounting practice is designed to stop me from securing any further credit so I can pay off there loan. The nefarious accounting practice must stop. I believe an audit of Discover Personal loans will show this is a wide spread accounting practice. Please Help ... |
Discover Consumer loan taking out the loan or lease July 6, 2015 - I recently applied for a personal loan with Discover Personal Loans. I submitted my loan and application, and learned my loan was finalized on - -, 2015. I was told I should receive a check for my loan within 10 business days. On the - business day, - -, 2015, I still had not received my funds. I called Discover Personal Loans and found that my payment had not even been sent yet, and would not be until later that week. However, I was informed that I was going to be charged interest from the day that the loan was finalized, - -, 2015. To me, this is utterly unfair because I... |
Discover Consumer loan shopping for a loan or lease June 3, 2015 - Hello, My name is - - and recently I received a large envelope from DISCOVER with a card inside saying PROOF '' and inviting me to apply for a personal loan Because of my Excellent Credit record '' ( see attached copy ) but when I applied on the internet, I received a deny note! This is wrong to try to get all my personal info by pretending that they know about my credit history and convince me that I will get the loan if I apply and then they deny me. This also could damage my credit score. and I do n't appreciate that either. ... |
Discover Consumer loan taking out the loan or lease May 6, 2015 - DISCOVER PERSONAL LOANS IS ADVERTISING AN INTEREST RATE AS LOW AS 6.99 %. I HAVE A CREDIT SCORE OF - WITH GREAT INCOME AND LOW RATIOS. THE BEST RATE THEY COULD OFFER ME WAS 8.99 % WITH AUTOMATIC DRAFTS. IT IS MY BELIEF THAT NO ONE QUALIFIES FOR THE 6.99 % AND THAT THIS IS FALSE ADVERTISING. THE CSR ASK ME WHAT MY CURRENT RATES ARE ON MY CREDIT CARDS THAT I WANTED TO CONSOLIDATED. THIS SEEMS LIKE A WEIRD QUESTION UNLESS YOU ARE TRYING TO JUST BEAT THOSE RATES. I 'VE BEEN IN THE - FOR 21 YEARS SO I KNOW AN A+ BORROWER. ... |
Discover Consumer loan taking out the loan or lease April 15, 2015 - I received an pre-authorization offer for a personal loan with Discover Personal Loans through - mail with a potential interest rate as low as 6.99 %, as I am a current Discover Card account holder in excellent standing and with excellent credit. After going through process, I was quoted an interest rate of 16.99 % - - more points than the pre-authorization. I only had - hard inquiries on my credit, before Discover. Being a Discover Card holder, I am not sure why a hard inquiry was needed, when a soft inquiry would have been sufficient. Now I have - hard inquires on my credit repor... |