New Millennium Bank
New Millennium Bank Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 10/28/2021.
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Stay away from this bank, the only transaction with them was a commercial loan, and we have some difficulties paying our mortgage duo to Covid-19 situation to the point that we had to shut down . We put the building up for sale. When we asked them to pay all the late payment back, they raised our interest from 5.5 to 9.5% ,, charged us an outrageous lawyer fees over 20,000 dollars for just sending us few letters with not even a court appearance. Also charging us over 4500 for appraisal fee and multiple thousands for administrations fee. It is a rip off process because they know that our balance is 500 thousand and the building is worth 2.5 million. Since the bank was sold to a Korean group, and they do this dirty business to steal the money from all the distressed property owners. I heard that they foreclosed on multiple buildings and family houses just to profit from the foreclosure process so even if you are able to get out of the foreclosure and save your property you will have to pay them an outrageous fee. STAY AWAY FROM THEM , TAKE YOUR MONEY AND BUSINESS SOMEWHERE ELSE
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