Is Westlake Financial Services legit?
Cons. Negative Westlake Financial reviews — The company received around 80 auto loan complaints in 2020 on the Consumer Financial Protection Bureau (CFPB) complaint database. Several complaints are related to problems with billing, interest and fees. APRs may be high, depending on your credit and where you live.
How do I use Westlake Financial?
How Does It Work?
- Enter your Information to Get Pre-Qualified. Input your name, date of birth, contact information, address, and employment status.
- Search for your Dream Car. Find vehicles that fit your budget and price range.
- Get Financing Terms and Drive Off the Dealer Lot.
Can I skip a payment with Westlake Financial?
An extension arrangement is available to customers experiencing temporary, financial hardship to defer one or more installment payments to the end of the contract term. Please contact customer service at (888) 739-9192 to see if you qualify.
Who owns Westlake Financial?
Hankey Group Don Hankey
Chairman of the Board, Hankey Group Don Hankey is Chairman and primary stockholder of all Hankey Investment-controlled entities, including Westlake Financial. Recognizing a critical need in the marketplace for auto purchasers with less than perfect credit, Don Hankey founded Westlake Financial in 1978.
Will Westlake financial approve me?
The company even has the ability to approve hard-to-finance customers with FICO scores under 599. In fact, Westlake Financial Services does not have a minimum FICO score requirement in place and will approve consumers with low incomes and past bankruptcies or repossessions.
Which credit bureau does Westlake Financial use?
Equifax
July 21, 2015 – Westlake Financial Services, a full spectrum auto finance company, has been recognized by Equifax as the national auto lender whose customers see the highest credit score increase over the term of their loan.
What is the payoff address for Westlake Financial?
Westlake Payoff Quote:
| Standard Mail | Overnight (FEDEX/UPS) |
|---|---|
| PO Box 843082 Los Angeles, CA 90084 | Dept 73082 3440 Flair Dr El Monte, CA 91731 |
Can I get my car back after a repo?
You have three main ways to claim your car back after it has been repossessed. You can reinstate the loan and begin paying it again, pay off the loan in full or find out what auction the car is being sold at and bid on it.
Can I get a car loan with a 650 credit score?
While 650 is considered a “fair” credit score, it is very close to being considered a poor rating. Even dropping a single point will put you in the poor category. As a result, lenders may be a little jumpy when offering you a loan for a car. That said, you shouldn’t have a hard time getting some loan from most lenders.
Does Westlake financial report to credit?
Founded in 1978 and headquartered in Southern California, Westlake Financial Services offers a full suite of car loan options and specializes in prime to subprime auto retail installment contracts. It even finances customers with no credit, a history of bankruptcy or repossession (through a company besides Westlake).
What does pre qualified for a car mean?
pre-qualification. Preapproval means a lender has reviewed your credit report (not just the score) and other information to determine a loan amount and rate you’re likely to receive. Preapproval quick facts: Hard credit pull. You’ll likely get the offered rate (your car must also meet the lender’s criteria).
Does Westlake Financial build credit?
“We focus on a loan structure that works long term for the customer, which helps increase their credit rating as payments are made over time,” stated Ian Anderson, Group President of Westlake Financial Services. “Westlake strives to make our customers’ lives better.
