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Review 1/24/2008
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I think the 2 reviews back to back are just fake. After they get 2 bad reviews they get 2 perfect reviews back to back. They haven't received any reviewed for years from they day they started until after 2 bad reviews.
They just have problem after another with trying to get us a Cash Advance. They claim there is no fee for the program, but they are going to charge a 10% of the amount advance which they call a Program Fee. They also say that that fee is applied to the repayment amount. This doesn't make sense at all. Why would they advance me $10,000.00 and then take $1,000.00 back as a fee. All the paper work we signed says there is no fee of any kind, but yet this fee is still exist.
Their site says you must be in business for 2 years to qualify for an advance. We have been in business much longer than that, but what they don't say upfront is that you must be in your current location for more than 12 months. We out grew our previous location and moved here 9 months ago. They keep saying they will try another bank to advance the money when we will not accept to terms of a the first bank. They say we don't have to change our processing company to them upfront, but that is also a lie. They will not fund anyone unless they change card processing to them, but they don't tell people this until paper work is being signed. This system seems like a legalized loan sharks...the pay back amount is equal to around 49% - 60% interest rate. They also say there is no personally guarantee on the money advance, but they have a personal guarantee document for us to sign. They said not to worry about it since it is just a formality which is another lie.
Stay clear of this company. They are not honest at all.
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