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Find a Location

Strand Insurance Finance Company has 1 locations, listed below.

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    Business ProfileforStrand Insurance Finance Company

    Insurance Services Office

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 2 Customer Reviews

    Customer Complaints

    5 complaints closed in last 3 years

    4 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Related Categories

    Business Details

    Location of This Business
    PO Box 309, Morganville, NJ 07751
    BBB File Opened:
    4/16/1996

    Customer Complaints

    5 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    01/31/2024

    Complaint Type:
    Product Issues
    Status:
    Resolved
    On Oct. 30th, 2023, I canceled my car insurance. Strand Finance was the finance company that worked with ******* ********* to finance my ins., which I was to pay monthly. Since canceling my car insurance on Oct. 30th, 2023, Strand Finance has never corrected my account to reflect that my policy was canceled due to my request. They allowed my policy to go into delinquent status, to go past the billing due date, and then told me my policy would be canceled due to nonpayment. I do not owe a payment, so there is no way it should be canceled for that reason. After multiple emails with Strand Finance and phone conversations, they have refused to correct my account to reflect the actual reason it was canceled, due to client request (and not to non-payment). It has been 3 months since I canceled my insurance and finance agreement with Strand Finance, and they continue to allow my account to go into a further delinquent status instead of simply updating it with the correct information. My experience with Strand Finance has been that they are a very unprofessional company and dishonest in their business practices. They refuse to do the right thing for their customer and are allowing me to be penalized for their inaction. Strand Finance has been uncooperative regarding this matter. Attached is the cancellation of my ins. with ******* *********, signed by the broker I worked with, Rebecca M*****, dated Oct. 30th, 2023. Also attached is the notice of cancellation from Strand Finance due to non-payment. I have asked Strand for a similar notice with the correct cancellation reason (client requested cancellation), and Strand Finance has so far refused to update their records and provide me with a correct cancellation notice. In the attached email from Strand on Nov 21, 2023, they said they are waiting on a refund from ******* *********, which typically takes 4-6 weeks. It has now been 3+ months with no resolution.
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    Customer Reviews

    2 Customer Reviews

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    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    WASHANNA P

    1 star

    06/18/2024

    STRAND FINANCE SADDLE***** ********** ARE SOME DIRTY NON-PROFESSIONALS PPL I HAD STRAND/ADAMAS **** I CALLED ****** TO SEE WHERE TO MAIL MY PAYMENT THEY HAD NO CLUE.CALLED STRAND AS WAS GIVEN THE SADDLE ***** ADDRESS I MAILED MY PAYMENT THEIR GUESS WHAT I WAS GIVEN THE WRONG ADDRESS THANK GOODNESS MY $397 CAME BACK AS A WRONG ADDRESS BY NOW STRAND CALLED/EMAILED ME A MILLION TIMES AS IF THEIR PAYCHECK WAS DEPENDING ON MY PAYMENT THEY HAVE NASTY DISRESPECTFUL PHONE CUSTOMER SERVICE. ALL OVER ****************** COMPANIES SPEAK TO YOU WITH RESPECT AND PROFESSIONLISM STRAND FINANCE HAVE THE NASTIEST STAFF. GOING TO KEEP THEM IN PRAYER

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