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41 - 60 of 5,651 Comments Last updated Monday Jul 21
fmr asst mgr sr in cali

United States

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#43
Nov 17, 2008
 
Missy wrote:
BOY how they pretend that they take care of employees. I was a former branch manager and when they told me last on 11-06 they were closing my branch they told me I had 2 HOURS to let them know what my decision was. Transfer more than 30 miles with a cut in pay or severance. I have a family just like others, not much time to think things thru when you have customers walking in and phones ringing and D.O. and D.M. patiently passing for our answers. Would like to know how others were treated.
Our ADO walked in and took the bm into the back ofc - came back out and said who 1st its bad news, I said me 1st (might as well get it over with) we had minutes to sign severance package and get our stuff and get out with no option to transfer. Our location was at least 50 mi from out other branches in the district. everyone is right be prepared because we are just a number.
Former AGF Employee

Jacksonville, FL

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#44
Nov 17, 2008
 
"American General Finance, Inc., reported a comprehensive loss of $535.7 million in the third quarter of 2008"

OUCH!

http://www.courierpress.com/news/2008/nov/17/...
Bailout the Employees

Springfield, IL

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#45
Nov 20, 2008
 
I feel sorry for the AGF employees losing their jobs. I worked their once, and when I chose to leave the company, they made things very difficult for me on my next job.
Financial Bailout monies should not be used to keep a company like AGF going. Any bailout monies delegate to AGF should only be used to help laid-off AGF workers find their next job--hopefully in a company better than AGF.
Mr-C

New Milford, CT

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#46
Nov 21, 2008
 
I am a former employee from a CT Branch, I can tell you that all the branches in the New England state were closed. With sub standard management, and ridiculus lending practices, it's no wonder.
Former bm

United States

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#47
Nov 24, 2008
 
I quit American General on October 24 2008 and received a call from one of my former employees saying the DM came into the office called each indivisual into the office and told them the branch was closing down. In the utah area they wanted to have each branch fully staffed. I hired a guy who moved from Oregon for the position of fr on Sept 1 and then hired another guy from ST George (6hrs away) mid October. Both were laid off. Thanks for making me get my former branch fully staffed just to lay them off. At least I was ahead of the game and got out before I was forced out.
Wayne

Waipahu, HI

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#48
Nov 24, 2008
 
Just shows you how AGF is being. It appears that finally AGF has conceded that they have closed the branches during the past couple weeks. I wonder what took them so long to tell the media. Expecially when i have been sending so many emails to every news agency out there and all i got back from each one is that AGF kept telling them that all brances were open for business. Now where is my bailout since my wife a BM (or was) as of 5 Nov when she and her employees got the boot with not warning to save my house. Since she has not been working for almost 3 weeks now, if she cant find a job to bring in to help with the mortgage we have, we will loose our house in Feb.
Former RAM for AGF

Jacksonville, FL

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#49
Nov 24, 2008
 
To my surprise I received a very nice email from a gentleman currently employed by AGF who actually works in the division that I was in. He aknowledged the good job I did for AGF in just one year with the company. This person was not in my actual territory however he was present for a training meeting that I did earlier in the year.
While I don't expect anything at this point from anyone at AGF it was certainly nice to have someone akwowledge me and truly express their best wishes for my family and I's future.

It goes to show that AGF DOES have some of the truly nicest people you will ever meet working for their company, it's only a shame that AGF only considers these people another # in their books.

Signing off for now...#5047971 at AGF
Former FR

Cleveland, OH

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#50
Nov 24, 2008
 
Wayne wrote:
if she cant find a job to bring in to help with the mortgage we have, we will loose our house in Feb.
...will the ironies never cease? AGFS was a weird, meanspirited company populated by angry, self centered jerks. Favoritism and cronyism spelled out who lived and died there. Good riddance.
current BM in Delaware

Dover, DE

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#51
Nov 25, 2008
 
The people who were let go instead of being offered a transfer were non performers....that's the bottom line. If their branch was gaining money and the delinquency was low, it was being managed correctly, otherwise, why would they have just let them go? As far as the New England branches are concerned, the laws for lending and collecting were changed by these states after AGF put branches in these states....If you have a delinquent account and can only call them 1 time a week, you are bound to lose....I feel bad for the people who were let go and I hope they find something out there for them, but I know that one in my district was let go and the branch was doing very poorly....that's the only reason they let him go. He did receive a severance package though. I wish him luck in his future.
inVirgina

Lexington, MA

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#52
Nov 26, 2008
 
I'm really sorry for the people loosing there jobs over the incompentence of others. I'm not employed with any AIG company. I am interested in knowing if anyone knows of harrasement tactics now being used on current borrowers of American General Finance. My mother whom refinanced her home 1 1/2 years ago in order to make home improvements, has just recently (this month) started being, what I would call for, uncalled for harrasement. Like alot of people, the economy has caused her problems. She has been running approximately 30 days behind on her loan since July. Two weeks ago the local office convinced her to give them a post dated check so they could have it to submit on Dec 3 (when she gets her disability check). Now during the past week, she has received nearly 20 plus calls from the local office threatening her that they would turn her check in early if she didn't come in a pay them now. They have went so far as to tell her that she needed to go to cash advance place and get the money to bring to them. One phone call even went as far as to tell her she had to refinance her loan. I fully am aware that pasted due is just that...but its 1 payment!

Are these tactics legal? My mother is so stressed out over the threats she doesn't know what to do. Is this the way AGF plans to "clean up" there books in order to make them a better business prospect for a buyer?
fmr agf non performer

Modesto, CA

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#53
Dec 1, 2008
 
current BM in Delaware wrote:
The people who were let go instead of being offered a transfer were non performers....that's the bottom line. If their branch was gaining money and the delinquency was low, it was being managed correctly, otherwise, why would they have just let them go? As far as the New England branches are concerned, the laws for lending and collecting were changed by these states after AGF put branches in these states....If you have a delinquent account and can only call them 1 time a week, you are bound to lose....I feel bad for the people who were let go and I hope they find something out there for them, but I know that one in my district was let go and the branch was doing very poorly....that's the only reason they let him go. He did receive a severance package though. I wish him luck in his future.
Unfortunately this is untrue.My numbers were higher than several others in my district and I was not offered a transfer, these branches may have been closed due to the slow economy and high delinquency due to the extreme rate of foreclosures in the northern california. Our Branch was actually the 3rd largest in our district and in comparision to the others in the district was large. The cuts were done with no consideration to the performance of individuals. I specificly had excellent reviews and performance as well as several others but it didnt prevent the powers that be in making corporate decisions in order to keep AGF in business. I am disappointed that my career ended with agf in November, We did see it coming and have been looking for work. I am saddened by the state of the economy but lets be real, the cuts were done to better the company and consolidate. I dont think it will be the last of the layoffs, no one should be arrogant enough to assume that they are safe in this day and age.
Disgruntled American

Plymouth, NH

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#54
Dec 3, 2008
 
Former AGF Employee wrote:
Where you affected by the 200 branches that were closed yesterday? Let the flood gates open for comments.
Layoffs in NH Dec. 1 - all American employees, while those on HB-1 Visa with less seniority were not let go (????)

Exactly who is gonna pay for these bailouts and who is it helping?
Glad I am Gone NY

Ballston Spa, NY

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#55
Dec 4, 2008
 
I am a former higher band employee. I will not name where I am from, or which department I worked in, but do need to say there is a wonderful life outside of AGF. The economy is tough, but the reality is, there are jobs that require our expertise. You can find good paying, management track jobs out there. Take a chance. I did, and it is greener!
Demoted in Cali

AOL

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#56
Dec 9, 2008
 
Well, I am a former bm who was offered a position as a Sr. Asst. Manager in another office. After giving AGF all of myself over the last few years and even moving to be placed, it was a slap in the face. Now I am forced to work for a manager who could care less about his employees and have no idea about what will happen next. They promised me a fabulous career in management. They Lied.
AGF

Norman, OK

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#57
Dec 10, 2008
 
inVirgina wrote:
I'm really sorry for the people loosing there jobs over the incompentence of others. I'm not employed with any AIG company. I am interested in knowing if anyone knows of harrasement tactics now being used on current borrowers of American General Finance. My mother whom refinanced her home 1 1/2 years ago in order to make home improvements, has just recently (this month) started being, what I would call for, uncalled for harrasement. Like alot of people, the economy has caused her problems. She has been running approximately 30 days behind on her loan since July. Two weeks ago the local office convinced her to give them a post dated check so they could have it to submit on Dec 3 (when she gets her disability check). Now during the past week, she has received nearly 20 plus calls from the local office threatening her that they would turn her check in early if she didn't come in a pay them now. They have went so far as to tell her that she needed to go to cash advance place and get the money to bring to them. One phone call even went as far as to tell her she had to refinance her loan. I fully am aware that pasted due is just that...but its 1 payment!
Are these tactics legal? My mother is so stressed out over the threats she doesn't know what to do. Is this the way AGF plans to "clean up" there books in order to make them a better business prospect for a buyer?
First, please stop the mentality that it's only 1 payment past due. There are no degrees of "late," (ex. you are either pregnant or not pregnant...being 3months pregnant doesn't make you any more or less pregnant) The first thing your mother needs to do is contact the branch and if she can not pay the up-to-date amount she needs to make arrangements to get her account up-to-date. Whether it's an additional 50/mo or more, it will demonstrate to the branch that there is an honest attempt to resolve the delinquent account. I'm sure the branch has already stressed to her the importance of communication, but in case they haven't-she needs to check in with them weekly and keep them abreast of her financial situation (sometimes it's simply saying,'I'm calling to confirm my commitment to pay on XX-XX-XX date.'(it may be bothersome but is invaluable as far as customer-branch relations go) Lastly, ask to speak to the manager or whoever has the authority to accept arrangements on past-due accounts. If she has been 30days delinquent since July, there is an obvious miscommunication going on somewhere down the line. I will not make judgment on whose to blame. The situation can be rectified if she makes a consistent and genuine effort to get the account current - which means paying more than the minimum monthly payment and calling to make alternate arrangements if an emergent situation arose. Good luck.
consumeradvocate

Parkville, MD

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#58
Dec 11, 2008
 
consumeradvocate said: Dec 11, 2008 10:05 am
American General Financial's shady, and predatory lending practices have started the landslide to its demise. In the 3rd quarter alone, American General Finance has a net net loss of $536 million, with an estimated year end loss of over $1 billion. These losses arenot a result of AIG(AGF parent company) current financial situation,but of American General Finance's upper echleon(management's …greed and corruption). As a former employee of American General Finance, we all saw it coming. Our company's former success was based on predatory and discrimantory lending practices. American General targeted inner, city blacks, hispanics, and lower-income, working class families, who had no idea how they were being ripped off. Most of the mortgages, American General Finance orginated could of been approved convential or FHA at an average rate of 6.%. American General on average charged these uneducated, consumers a rate of 15% on a first mortgage. These mortgages that were orginated, were also loaded with thousand of dollars in points and trash fees, to generate insane amounts of profits. In addition, American General particpated in insurance twisting on its consumer and mortgage loans. Instead of offering, customers standard term life policies through American General($15/$50,000. 15year policy. American General embedded life insurance policies, with terms of 12 months to 5 years with a face value of less than $5000.00, that were embedded in their loans. Most AGF consumers didnot realize that they were also being charged 23%apr on their insurance premiums, that were hidden in their loans. What a relief that the end is near. I couldnot sleep , a many of nites knowing that, I was involved in such criminal and unethical lending practices. May God forgive me!
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AIG

United States

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#59
Dec 14, 2008
 
TEST
EX BM

United States

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#60
Dec 14, 2008
 
The worst
Just an employee

Evansville, IN

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#61
Dec 15, 2008
 
First, let me express my condolences to those who no longer have a job...either here at AGFS or any of the other numerous companies across America who have been forced to lay off employees. I am fortunate to still have a job, however I know that no one is safe from what is happening in this economy - myself included.

As for the company, I may not always agree with how things are handled, but I do believe I am fortunate to work for AGFS. It is a good company. The economy sucks which has caused the need for cutbacks for all companies, not just at AGFS. Jobs everywhere are scarce.

Keep your heads up and good luck to all in search of a new job. Best wishes and prayers for your families!
NUMBER ONE FAN

Worcester, MA

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#62
Dec 15, 2008
 
I was laid off from AGFS in early November along with aproximately 1000 other employees. The sad part about them laying us off (without any notice) is that the employees wern't that upset. That just goes to show how much AGFS employees HATED their jobs. AGFS is a horrible place to work. It is lie after lie after lie. I was lied to from my 1st interview until the day I was laid off. For those people still working for AGFS, dont listed to anything that upper management says to you unless its "in writing" Because as you know "if its not in writing, it didnt happen". They will do whatever they have to in order to save a dollar so that upper management can get an even larger bonus than they already recieve.

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