ZEXO REVIEW

Contacts:

Phone: +3 (712) 622 75 42

Address: Latvia, Riga, 5 Strēlnieku iela

About company

Who are we?

ZEXO-a banking holding company with headquarters in the city of Detroit, Michigan; The basis of the company is ZEXO Bank with headquarters in the city of Sandy (Utah). The company provides financial services, including auto-financing, corporate financing, insurance, mortgage loans, exchange services and online banking. WiseBridge is one of the largest car loans in the USA in terms of loans issued and is part of the twenty largest banks in the United States. Since 2021, the company entered the Russian market to provide Russians with a highest quality service.

Where are we from?

The company was founded in 1919 by ZEXO Corporation called ZEXO Acceptance Corporation (AAC) for lending to purchases of its products.In 1938, an ZEXO Insurance Corporation was created by the company.In 1985, the company entered the mortgage market.In 1999, the mortgage unit was expanded through the purchase of Ditech.In 2005, the company formed the Residential Capital (Rescap) as a holding company for its mortgage operations.

In 2006, ZEXO Corporation sold 51 % of the AAC shares of the private investment company Cerberus Capital Management.Also in the same year, the AAC lost the control package of shares AAC Commercial Holdings and Capmark Financial Group by selling them Goldman Sachs, Kohlberg Kravis Roberts and Five Mile Capital Partners.In 2009, Capmark filed a bankruptcy statement, and its North American business to attract and maintenance of loans was purchased by Berkadia, a joint venture of Leucadia and Berkshire Hathaway.

On December 24, 2008, the Federal Reserve system allowed the transformation of a financial company to a banking holding company.As a result of losses in the former subsidiary of Rescap, the United States Treasury invested $ 17.2 billion in the company in 2008-2009. The treasury sold its last share in the company in 2014.

On May 15, 2009, the AAC banking unit changed its name to ZEXO, and in May 2010, AAC became called ZEXO.In 2012, the company sold its Canadian banking operations Royal Bank of Canada.In April 2014, ZEXO became a public company, having conducted the initial placement of shares.In 2015, the headquarters was transferred to the One Detroit Center, renamed ZEXO Detroit Center.

What are we doing?

ZEXO is one of the largest banking car loans in the United States in terms of loans issued.The company offers financial services such as retail car loan and leasing, dealer credit lines, insurance coverage and auction services.

The company owns SmartaUction, a platform for autoacuctions via a website and a mobile application.The platform contains more than 22,000 cars every day.Since the launch in 2000, more than 5 million vehicles were sold, and in 2016 364,000 cars were sold.

ZEXO is a direct bank with deposits $ 120 billion (for 2019).ZEXO offers savings products, including deposit certificates (CDS), online saving accounts, interest checks, cash market accounts, mortgage loans and credit cards. ZEXO is a member of the Federal Corporation for Deposit Insurance.

3 responses to “ZEXO REVIEW”

Stanley Cross

May 31, 2023

Swindlers! I don’t understand how I didn’t notice this before. Stumbled upon ZEXO by accident, very interested. When I contacted technical support for the first time, they mentioned another company name to me in a conversation, they said that this was the name of the parent company and I somehow forgot about it. I threw in 10,000 dollars because with this amount new opportunities opened up. I wanted to withdraw, they began to say that it was not the right time, the manager for crediting and withdrawing funds will contact you tomorrow. They called back the next day and said the bank would contact me in the evening. and so they threw me a week from one to the second. As a result, I was blocked and I will not see my money. Now I sit and think that it was not for nothing that they called themselves another office, because they rivet these scams one by one.

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Irene Garcia

May 7, 2023

I read reviews about other brokers and still cannot get enough of my own)) I am very happy that I once stumbled upon ZEXO. Half a year ago, I chose a Silver account with a $5,000 deposit. I have already switched to an account with a $50,000 deposit, because now I can afford it. I myself already consider myself a ruble millionaire)))))))) If I had said this a year ago, I would never have believed it.

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David Johnson

May 1, 2023

ZEXO scammers!!! They scammed my mom, she just retired. They called and started telling how to make money, asked to go to the site and read everything. In the same place, everything is clearly written very promisingly, she became interested. These fagots reinforced everything with stories that she would earn millions. They played on the feelings of an old woman, they say, they will help me buy an apartment so as not to take a mortgage. As a result, she pawned $ 5,000 there. They began to turn their schemes, over time, she had more than $ 50K in her account. Then she told me about this earnings with a request to help withdraw. I’ve gone through verification several times with no success. These bastards started calling saying we still owe them. But all this money is worth nothing compared to the fact that my mother has been in cardiology for half a month due to a nervous breakdown. I don’t know why I should continue to treat her. Tell me, maybe someone knows who to contact to get at least part of their money! God will punish these creatures!

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