Mark A

Review of rateGenius, Inc.

Fast professional service. Refinanced my wifes' au...

Fast professional service. Refinanced my wifes' auto loan and cut my interest rate to 4.5%, but I was approved at a Credit Union. Beware working with Credit Unions. The credit union opened a checking acct in my name. I must transfer funds into this checking acct, which takes 5 business days, then transfer those funds into my auto loan acct, which takes another day. If I don't have those funds available 1 week in advance of when car payment is due, I run the risk of payment being late. rateGenius did not explain this process to me. I had to find out on my own, after the fact. Not sure if all Credit Unions are like this, because this is my first time working with a credit union, but Financial Resources Credit Union, is not set up to make direct payments to my auto loan directly from my PNC Bank account. If I had known in advance the lengthy process it takes just to make my car payment, I would have definitely had second thoughts working with a credit union. I won't work with another credit union again, if they aren't already my financial choice to begin with.