Monterey was founded in 1989 and began operating in 1990 with the intent to provide superior solutions and performance for businesses seeking alternative consumer financing programs, loan servicing and bad debt recovery. Since then, Monterey has grown substantially and added back-up servicing, document storage and jewelry industry loans to its services list. From the... show more
Monterey Financial Services Reviews
5
15%
4
0%
3
4%
2
6%
1
74%
1.7
47 reviews
47 reviews
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Monterey Financial Services
ampere_aged_0l @ampere_aged_0l
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1 Star Rating
Never again. I got a loan from Credova who is a partner apparently, and just tried paying it off under 90 days with Monterey financial services, the whole experience was awful, and made as difficult as possible. Credova website and app were both broken links when I hit “make payment” after putting all my info in, then I had several poor experiences with the customer service department, finally got it paid after two days of being unable to do so.
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Monterey Financial Services
c3fitness @c3fitness
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1 Star Rating
Absolutely trash!!! Don’t use under any circumstances!! Will lie on your credit report! Very unethical, I paid off the account in under the 90 day no interest and they put a extra 36.00 dollar charge on my credit report. Once I filed a dispute with the credit bureau, they changed my account from paid in full , to the status of “ charged off” causing my credit score to drop 70 points!! And when I called they played stupid like they didn’t know how that happened! And instead of fixing it, they told me to go back to the credit bureau and do another dispute!! do not use them under any circumstances they are very unethical.
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Monterey Financial Services
boyingtondobbie @boyingtondobbie
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1 Star Rating
They financed a Great Vacations membership in 2022 and got my bank auto-deductions messed up and took twice the amount in 2 weeks which sent my account into the negative. They rarely recognize their error and don't apologize for their mistake or the damage they have caused. Great Vacations should partner up with another company besides this one to say the least.
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Monterey Financial Services
Michael Romano @micromano
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1 Star Rating
Predatory lender. They make things as difficult as possible to pay off your balance so that they can increase fees and overcharge you.
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Monterey Financial Services
Shelley @sakking001
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1 Star Rating
Verified Customer
Beware of them attaching your digital signature to forms and documents you didn’t authorize, like signing up for 6mo no interest and at month 6 you find out it’s a lease and you still owe more that you’ve pd so you’re paying over double and then an additional fee to keep it. Never again
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Product: Monterey Financial Services Personal Loans
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Monterey Financial Services
bird_cory @bird_cory
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5 Star Rating
90% of the people who have issues with them in the reviews below are idiots...read your contracts...i did...dont let it go full term, pay more than the MINIMUM and you avoid interest...if you cant understand this, dont ever get a credit card/mortgage/car payment...paid off $1500 in 6months and didnt pay a dime of interest...received my products immediately and budgeted it properly over 6 months...i do recommend them for someone who likes to make payments AND can afford to pay it off sooner rather than later...they report to all 3 credit bureaus and help your credit score too..zero complaints...5 stars...will be using them again in the future on purchases like this
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John Doe @TheAvenger
This person obviously works for Monterey or is somehow connected and posted this review as an attempt to save this company from having a bad wrap in the eyes of the public. This Idiot wants you to believe that everyone with negative words for this company is new to financing, and founds his argument in the fact that we as consumers should give this financial institute our money sooner them agreed. There's so many ways that I could go, but I'll keep it easy. Most people choose to make payments with programs like these in order to keep their money available for other needs (life's problems) incase they arise. Every one does not have the funds to pay in advance and this company banks off that fact.
You on the other had, should stick with giving a review about your companies strong points, rather then disguising yourself as a consumer in hopes of giving your company merit. You tell on yourself when you personally attack all of the reviewer in a personal spew of hate by calling them "Idiots". A normal consumer would not have such a strong attachment to wanting to make them look bad. You more then likely would have been coming from a happy place and not a place of discontent for some folks who spoke out against the practices of [your] company. Maybe they should get together and for a class action because of the practices exhibited... Hummm
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Monterey Financial Services
Ronald @rockyterranova
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5 Star Rating
This company offers loans at several stores. This helped me to purchase a couple of hand guns. This type of loan came in really handy for me and at the same time it will help me increase my credit scores.
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Monterey Financial Services
LaTasha @raevyn94
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5 Star Rating
Verified Customer
they were polite and willing to work with me so I could make my payments on time. I paid it off today and they advised me that once it clears it will be reported as paid in full.
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Monterey Financial Services
John Butcher @filmpilot
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1 Star Rating
Total frauds, They'll tell you their recording the call if you tell them your recording they hang up. Theirs numerous companies including credova which reassign their debt to them without notice of notice of payment due which is a violation of both federal law and the fair debt collection act.
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Monterey Financial Services
Natasha Haulman @Nhaulman
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1 Star Rating
Horrible company. 90 days same as cash does not work if you have to make monthly scheduled payments. I will NEVER use this company again. Total rip off
