Armstrong Bank-Muldrow Branch
810 E Shawntel Smith Blvd, Muldrow, OK 74948
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This bank uses deceptive lending practices in 2012
They make promises off the record to get you to agree to allow them to charge qualifying costs to your property , they then incur hundreds or more in costs against your property using the highest priced services saying they will apply the costs to your loan.
Everything cost me way more than they told me in order for them to get me interested . You might as well give your credit card to a stranger because that is how they will abuse the power they take to incur qualifying charges against your property..
After I qualified and they in debited me with the qualification costs of over a thousand dollars, then they modified the terms of the loan so it changes to unknown terms within a very short period after they figured I will be in debited to them.
Evidentally it is still going on, the laws for the banks have not changed and they are still using deceptive lending practices and will use it to foreclose on your property, don't fall for their deception and lies. This bank is absolutely the worst.
Don't be misled , they caused me over a thousand dollars of expense while not telling me how much they were charging against my property to qualify me for their loan
The made sure there was no proof on record of what they initially verbally offered me in the loan to get me interested enough to agree to them getting appraisals.
They basically use the same practices credit cards use giving you a promise of a low interest rate up front to get you sucked in, and then they jack up the rate after they know your stuck in the loan at their mercy being in debited to them. But they would not even tell me the increased rate or new terms I would be offered.
They figure once they incur hundreds or thousands of dollars in your name against your property to qualify you , that you won't want to take the loss of backing out of their then modified loan at the signing,
Do not trust these people at their word!!!! I can't emphasize this enough
My experience with this bank was:
They are very arrogant ( better than you) people who only after they have sucked you in with their verbal promises, then change the terms of the loan in the detail of the paperwork (only after they have cause you thousands in expenses to qualify).
They made me feel horrible whether I would accept or reject their self serving modified terms which are made hard to understand for the average non banker.
Don't let them make a sucker of you by expecting like I did that they will be honest and honorable people working in your best interest.
It won't happen
I can not express enough !!!!! , RUN do not walk away from doing business with this bank. It cost me dearly and I don't want to go to bed at night knowing I did not at least try to warn others so no one else has to suffer loss at their hands..
Only being robbed at gunpoint would have felt worse.
I can only hope and pray that my loss and horrible experience dealing with this bank serves to prevent others from being taken advantage of and robbed by them.
... save yourself a lot of expense and headache, do not do business with them. Only being robbed at gunpoint would feel worse, maybe.
Use a credit union instead, they have no reason to be dishonest because the owners are the customers.
God Bless and beware of doing business with these immoral people.