Vantage Point Bank – Legit or Scam?

I came across a critical review of Vantage Point Bank on a Scam Reporting website – DirtyScam.com, titled ‘AVOID AT ALL COSTS!’.

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 Vantage Point Bank with a pinch of salt.

Here is what the review says –

 


If negative stars were an option, Vantage Point Bank would definitely have earned them.They were entirely unable to meet deadlines and almost cost us the house we were purchasing more than once.They cost us multiple thousands of dollars in concessions to the sellers just to keep the sellers at the table and the deal on.Almost 2 months after closing on our house, they STILL don’t have all the paperwork right, despite the papers being signed over and over again.Last week they realized they failed to do the paperwork to fund the second half of the home improvement loan.This realization came only AFTER we asked to confirm the loan was all set so we could have the contractor start the work.A few days after being told it was all set and there were no problems, we were informed that they had COMPLETELY failed AGAIN at doing their job, and that we needed to bring another $5,000 in cash to complete the construction loan.A very good source told us that our loan, along with all others Vantage Point was underwriting at the time were stalled on purpose due to the bank having run out of money and legit not being able to fund the loans they were underwriting. This HAS to be Illegal.This review doesn’t come close to the explaining the extent of the anxiety, stress and financial botching caused by Vantage Point. AVOID AT ALL COSTS!


 

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

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

  • Address: Virginia Drive Fort Washington PA 19034
  • Phone: (267) 464-7000
  • Website:
  • Severity of Scam: Medium [not sure what it means]
  • Reported Loss: 3698 $ [unsubstantiated]
  • Reported by: Anonymous [obviously]

The entity Vantage Point Bank was awarded 1 / 5 Stars  based on 1 Reviews.

It is difficult to ascertain whether Vantage Point Bank is a Scam, or Legit, based on this single review. In the coming weeks/days, I will try to research deeper into Vantage Point Bank, 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 Vantage Point Bank as someone you need to avoid (for now).

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

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