Allstate Bancorp – Legit or Scam?

I came across a critical review of Allstate Bancorp on a Scam Reporting website – DirtyScam.com, titled ‘The Worst Experiences’.

DirtyScam allows anonymous submission of complaints from angry consumers and victims of scams. Since the website is hosted offshore (probably in Russia or India), we take this (negative) review against Allstate Bancorp with a pinch of salt.

Here is what the review says –

I wish I’ve seen the review by Bahman. If your mortgage is being handle by Allstate Bancorp, you must abort immediately.They deal with one of the worst lender by the name of HomeBridge and turn our lives into a horror story.Thousand of dollar in hotel cost waiting for a loan that never fund, while keeping you on the trap with closing tomorrow promise that never come.They have no idea what they are doing, the day of funding, they send the borrower papers that should have been sent to escrow and careless about missing funding date.If your loan is being process at this company by Matt Settles, you just signed your death sentence.If there is still time to cancel the loan, do not hesitate, find another lender immediately before you ate trapped too deep and can’t get out.The worst experience ever apply for a mortgage.I thought these things only happen on the newspaper until I am living it courtesy of this co., the lender they are working with and the heartless employees they are employed.

In case you don’t already know (assuming you came to this page by Googling ‘Allstate Bancorp scam‘, or ‘Allstate Bancorp review‘, Allstate Bancorp is listed under the category Business on DirtyScam.com.

Here is the rest of the contact information for the sole purpose of identification –

• Address: Wilshire Boulevard Los Angeles CA 90048
• Phone: (800) 942-5394
• Website: http://allstatebanc.com
• Severity of Scam: Extremely High [not sure what it means]
• Reported Loss: 6965 $ [unsubstantiated]
• Reported by: Anonymous [obviously]

The entity Allstate Bancorp was awarded 2 / 5 Stars  based on 2 Reviews.

It is difficult to ascertain whether Allstate Bancorp is a Scam, or Legit, based on this single review. In the coming weeks/days, I will try to research deeper into Allstate Bancorp, analyze and list more critical reviews and identify a pattern (or lack of) to substantiate the claim mentioned above.

Regardless, until then, we give the benefit of doubt to the reviewer and list Allstate Bancorp as someone you need to avoid (for now).

If you have any grievances, complaints, or anonymous tips against Allstate Bancorp, please contact us immediately. If you have lost money to  Allstate Bancorp, together we can work to recover your loss.