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Article: Client: Finance company chief vowed to save firm: According to a mortgage holder, Personal Financial Management Inc.'s president said there were severe cash flow problems but he was trying to turn the business around.
- Article from:
- Reading Eagle (Reading, PA)
- Article date:
- September 26, 2007
CopyrightCOPYRIGHT 2007 Reading Eagle. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Don Spatz
Sep. 26--The day before he closed Personal Financial Management Inc., which now owes customers $40 million, company President Wesley A. Snyder told an irate client he still was trying to turn the business around.
Lisa Kalbach of Mountville, Lancaster County, had taken out what she thought was a $110,000 mortgage in January from the Exeter Township company.
Although she paid Personal Financial, she said Tuesday, it wasn't sending her payments to the mortgage company, Sun-Trust.
SunTrust called her about the delinquency and she demanded an explanation from Snyder, threatening to go to the media and the Better Business ...
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