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Thursday, February 10, 2011 - 7:30 PM
(1 stars)
First Citizens We're On Not Lending
First Citizens Bank (1 stars)First Citizens needs to look the definition of relationship up and do a nice report on what it takes to have a successful one.
My wife and I have been banking with First Citizens of South Carolina for going on 3 years now. So almost 3 years ago our "Relationship"with First Citizens of South Carolina began like this:
Our first year with them we deposited over $40,000 in 3 accounts, 2 business accounts and one personal account.
Then just a little over 2 years ago we went to apply for a $7,500.00 dollar loan to purchase a trailer full of equipment to expand our business to branch out and gain more potential clients. I was told the application fees would be $3,000.00 dollars as they had to break the loan down into 15 loans to separately cover each piece of equipment. They said I would have 1 loan payment in the end. So you can guess what I told them to do on that one.
This $7,500 dollar loan had a piece of equipment on it that could have helped me seal a contract guaranteed for 2 years and was a $125,000 dollar per year contract. Without that equipment I had to outsource that section of the job to the people who I was bidding against for the work in the first place, so you can guess how that worked out for us.
Then about 6 months later we wanted to build our credit and decided to get a secured credit card with First Citizens of South Carolina, they wanted 120 percent down on a $3500.00 dollar secured credit card, and the way they wanted us to set it up they would be the ones collect the interest on that 120 percent we were putting on a the secured card. FYI This has actually gone up to 130 percent now. Yea only an idiot would do that when UNFORTUNATELY Bank of America gave us one that was only 100 percent down. We have since found out Carolina Trust will get you a secured card that allows you to collect interest on the money you are using to secure the card.
So, in the first year of our "Relationship" They were on it alright, they were on a mission to take as much money as they could from me, but would not accept the interest they would have been making from a loan if they would given one.
about 8 months after the credit card arrogance we found a little business that was self ran and turnkey, the business was grossing $50,000.00 in her first year and netting $24,000.00 dollars that year. in her 5th year she was grossing $93,000.00 to $97,000.00 and netting $52,000.00 a year. She was asking $15,000 for the store. I prepared a complete 19 page business proposal for a $15,000.00 dollar business loan with 12 more pages of financial projections, my financial paperwork, and her business paperwork. 3 weeks went buy and the lady calls us to ask whats going on I told her we were waiting to hear from our bank. She reminded us she is leaving the country, and that was the reason she had to sell the business she may not be returning. I call the bank and was informed they lost the application. How do you lose a 31 page application, he said I had to re-submit my application, and by the time they got finished, the woman shut the doors and moved away just like she said she would. So we lost out on a $15,000.00 dollar investment that was netting $50,000.00 a year.
So our in the second year of our Relationship with First Citizens of South Carolina it would seem they were on it again, they were on making sure my wife and I got had no ability to progress forward. Please remind me, as a customer of a bank is it not better if I put more money in the bank, the more I put in the more happy they are right, it seems First Citizens of South Carolina does not want to help people do that,they are happy with what little we have and forget the rest.
Now in the beginning of our 3rd year in this relationship we see last year we deposited $124,000.00 in their bank.Now if you follow the stories you can plainly see we have over doubled our deposits in the bank, and this business is doing ok, it has very secure accounts and our bank statements show that, we hold an average of $2,200.00 in First Citizens of South Carolina on a monthly average balance. We have lived in the same house renting for 2 years now, our landlord offered for us to buy the house for $25,000.00. now mind you we pay $768.00 a month now and have never been late 1 time on rent or any other bills, and First Citizens of South Carolina once again was on it alright they denied us for the loan, and a $30,000 dollar loan on a 5 year term is only $575.00. please explain that one, if I am paying $768.00 now for a house that I do not own, whay would it be so impossible for me to pay a $575.00 dollar loan payment for the same house?
My credit is not super great but now beyond working around as a financial adviser already worked on it and got us almost approved for a $160,000.00 House loan 2 years ago, when we were showing only $35,000.00 worth of income. HOWEVER my wife has a credit score of 681 - 708 pulled January 12th this year during the application process. We have never been late on rent and have a letter of credit, we pay more than what we own on our credit cards and have never had a late payment, or overdrawn fee on any of them, none have ever been maxed out (including the secured one First Citizens of South Carolina tried to rape us on.) We have letters of credit from the water company, electric companies, a letter and good credit standing with a rent to own agency who has already reported it to the credit report, and they also gave us an outstanding letter of credit. Our banks statements never run into the negative and we had one overdraft thatw as my fault because I used the wrong card at the store, oops.
But to sum it Up First Citizens of South Carolina cares about no one, they are doing the same things BOA was doing but after they can get any kind of stimulus package, once they mess up the government will not bail them out. They would not help me and my wife progress forward with 3 loans totaling $52,500.00, but drop 130million on a bank in Georgia purchasing their debts. WHAT THE HECK!! SO financially it is smart for them to purchase a bank that is failing and bankrupt, but investing in someone who pays their bills can not get a loan.
First Citizens of South Carolina Is on something alright, it's called a high Horse, and if you are looking for a relationship this is not the bank for you.take my word for it, they will hold you back before they will ever lift a finger to help you progress forward.
Pros: Absolutely Nothing
Cons: Misleading Advertising, you are just another number at First Citizens.
The Bottom Line: First Citizens does not care about it's clients, they waste money buying bankrupt banks and wont lend their own clients anything to expand their finances. They're just not on it!
Recommended:
No
My wife and I have been banking with First Citizens of South Carolina for going on 3 years now. So almost 3 years ago our "Relationship"with First Citizens of South Carolina began like this:
Our first year with them we deposited over $40,000 in 3 accounts, 2 business accounts and one personal account.
Then just a little over 2 years ago we went to apply for a $7,500.00 dollar loan to purchase a trailer full of equipment to expand our business to branch out and gain more potential clients. I was told the application fees would be $3,000.00 dollars as they had to break the loan down into 15 loans to separately cover each piece of equipment. They said I would have 1 loan payment in the end. So you can guess what I told them to do on that one.
This $7,500 dollar loan had a piece of equipment on it that could have helped me seal a contract guaranteed for 2 years and was a $125,000 dollar per year contract. Without that equipment I had to outsource that section of the job to the people who I was bidding against for the work in the first place, so you can guess how that worked out for us.
Then about 6 months later we wanted to build our credit and decided to get a secured credit card with First Citizens of South Carolina, they wanted 120 percent down on a $3500.00 dollar secured credit card, and the way they wanted us to set it up they would be the ones collect the interest on that 120 percent we were putting on a the secured card. FYI This has actually gone up to 130 percent now. Yea only an idiot would do that when UNFORTUNATELY Bank of America gave us one that was only 100 percent down. We have since found out Carolina Trust will get you a secured card that allows you to collect interest on the money you are using to secure the card.
So, in the first year of our "Relationship" They were on it alright, they were on a mission to take as much money as they could from me, but would not accept the interest they would have been making from a loan if they would given one.
about 8 months after the credit card arrogance we found a little business that was self ran and turnkey, the business was grossing $50,000.00 in her first year and netting $24,000.00 dollars that year. in her 5th year she was grossing $93,000.00 to $97,000.00 and netting $52,000.00 a year. She was asking $15,000 for the store. I prepared a complete 19 page business proposal for a $15,000.00 dollar business loan with 12 more pages of financial projections, my financial paperwork, and her business paperwork. 3 weeks went buy and the lady calls us to ask whats going on I told her we were waiting to hear from our bank. She reminded us she is leaving the country, and that was the reason she had to sell the business she may not be returning. I call the bank and was informed they lost the application. How do you lose a 31 page application, he said I had to re-submit my application, and by the time they got finished, the woman shut the doors and moved away just like she said she would. So we lost out on a $15,000.00 dollar investment that was netting $50,000.00 a year.
So our in the second year of our Relationship with First Citizens of South Carolina it would seem they were on it again, they were on making sure my wife and I got had no ability to progress forward. Please remind me, as a customer of a bank is it not better if I put more money in the bank, the more I put in the more happy they are right, it seems First Citizens of South Carolina does not want to help people do that,they are happy with what little we have and forget the rest.
Now in the beginning of our 3rd year in this relationship we see last year we deposited $124,000.00 in their bank.Now if you follow the stories you can plainly see we have over doubled our deposits in the bank, and this business is doing ok, it has very secure accounts and our bank statements show that, we hold an average of $2,200.00 in First Citizens of South Carolina on a monthly average balance. We have lived in the same house renting for 2 years now, our landlord offered for us to buy the house for $25,000.00. now mind you we pay $768.00 a month now and have never been late 1 time on rent or any other bills, and First Citizens of South Carolina once again was on it alright they denied us for the loan, and a $30,000 dollar loan on a 5 year term is only $575.00. please explain that one, if I am paying $768.00 now for a house that I do not own, whay would it be so impossible for me to pay a $575.00 dollar loan payment for the same house?
My credit is not super great but now beyond working around as a financial adviser already worked on it and got us almost approved for a $160,000.00 House loan 2 years ago, when we were showing only $35,000.00 worth of income. HOWEVER my wife has a credit score of 681 - 708 pulled January 12th this year during the application process. We have never been late on rent and have a letter of credit, we pay more than what we own on our credit cards and have never had a late payment, or overdrawn fee on any of them, none have ever been maxed out (including the secured one First Citizens of South Carolina tried to rape us on.) We have letters of credit from the water company, electric companies, a letter and good credit standing with a rent to own agency who has already reported it to the credit report, and they also gave us an outstanding letter of credit. Our banks statements never run into the negative and we had one overdraft thatw as my fault because I used the wrong card at the store, oops.
But to sum it Up First Citizens of South Carolina cares about no one, they are doing the same things BOA was doing but after they can get any kind of stimulus package, once they mess up the government will not bail them out. They would not help me and my wife progress forward with 3 loans totaling $52,500.00, but drop 130million on a bank in Georgia purchasing their debts. WHAT THE HECK!! SO financially it is smart for them to purchase a bank that is failing and bankrupt, but investing in someone who pays their bills can not get a loan.
First Citizens of South Carolina Is on something alright, it's called a high Horse, and if you are looking for a relationship this is not the bank for you.take my word for it, they will hold you back before they will ever lift a finger to help you progress forward.
Pros: Absolutely Nothing
Cons: Misleading Advertising, you are just another number at First Citizens.
The Bottom Line: First Citizens does not care about it's clients, they waste money buying bankrupt banks and wont lend their own clients anything to expand their finances. They're just not on it!
Recommended:
No
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