Excel Credit- RV Financing
Has anyone worked with or heard of Excel Credit for financing RVs? We are selling our fifth wheel and the buyer is working with Excel Credit over the internet.
Forum Discussion
- Moved from Forum Technical Support
- Deleted
- Already looked them up. Looking for input/reputation. They want our title before we get their money.
- That sounds reasonable.
Jim - I would see if they could escrow the money with a third party before handing over the title. That should not be a problem if they are legit.
- WHOOPS! Essex Credit is the front for Bank of the West. I have no knowledge of Excel. The additional info about closing in a bank is still accurate. Sorry for the mistake. I didn't want to delete all the content of the post just to have you wondering what I wanted to take back. Sorry for the confusion.
Original Post:
We used Excel for a refi. The actual loan is from Bank Of The West, a legitimate bank. Personally, I like to close private transfers at my bank. If you're near a Bank of the West, that would make sense too. All parties are a little more comfortable receiving a cashier's check directly from a banker as well as waiting for a title when the banker sees the rest of the paperwork is in order. - Another approach might be to check with a local title company as they would be familiar with such closing procedures and might be willing to provide their services even though an RV instead of a home is involved in this case. They can handle the escrow accounts, receipt of title (deed), etc. in a manner that should keep both you and Excel Credit feeling warm and fuzzy throughout the closing process.
Rusty
