Payday loan, title loan, or personal loan -- Getting the loan -- Complaint #5159177
Complaint Overview
Complaint ID: 5159177
Company: Huntington National Bank, The
Product: Payday loan, title loan, or personal loan
Sub-Product: Installment loan
Issue: Getting the loan
State: Michigan
ZIP Code: 48174
Date Received: 2022-01-27T12:00:00-05:00
Date Sent to Company: 2022-01-27T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I applied for an SBA loan with Huntington Bank and the representative took my information and submitted the application supposedly to underwriters on XX/XX/XXXX. The issue that I have with Huntington Bank is their representative lead my business partners and I that the loan was still being reviewed but was already decision without a notice or letter of denial which is a violation. I called on XX/XX/XXXX and spoke with another representative in the branches stated it was denied and reasons did not fit my financials. SBA loan originators need to viewed by the government to vet their lending practices because they are making it hard for middle class and small business owners to utilize this product from the government. They advertise that they help out veterans and minorities and yet the loan originator stated that they treat everyone the same to avoid " prejudices '' or " treat others indifferent '' how can that be when they advertise it means they really dont believe it and they really dont understand the business practices that the SBA lender guidelines require. The government really need to look at their lending practices they also stated that the industry " coffee '' is high risk supposedly when it is on the SBA lending approval. The company needs to revisit their business practices and go by the guidelines set by the SBA also there should have been a letter of denial explaining the reason for the denial. I'm not for sure how we were denied my credit was not pulled and he gave me scores from one bureau that did not reflect an inquiry from myself or business partners. This experience has felt very prejudice, biases and insensitive to people trying to start a business that will benefit the economy.
Frequently Asked Questions
What is Complaint #5159177 about?
Complaint #5159177 was filed against Huntington National Bank, The regarding Payday loan, title loan, or personal loan specifically about Getting the loan. It was received by the CFPB on 2022-01-27T12:00:00-05:00.
How did Huntington National Bank, The respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Payday loan, title loan, or personal loan) and describe your issue in detail.
Can I see other complaints against Huntington National Bank, The?
Yes, visit the Huntington National Bank, The company profile at readthecomplaint.com/company/huntington-national-bank-the to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.