This company is purposefully and intentionally committing acts which may have criminal intent.
Here is my involvement. The sales department had told me that I would be charged $ 199.00 for two separate cards (one VISA and one MASTERCARD) with a fixed 4.9% rate and $2,500.00 credit limits.
I was told the money would be withdrawn from my bank on May 15 and that I would receive my cards within 10-14 business days after. Since it had been two days, I checked with my bank and no money had been transferred as of yet. So I attempted to look up this companies information on the Internet, and instead found these complaints. So I called 12-15 times today until I reached a live person. I am glad I did.
I just had a 20-minute conversation with an employee of this company. This employee has confirmed that the sales department is intentionally and by instruction lying to people and making completely false claims. I was told that the mailing address for the company in New York is fictitious. The company's actual physical street address is 1992 Yonge St.in Toronto, Canada. They plan on dissolving this corporation and have already chosen a new name (possibly Liberty Beneficial Credit Services but the rep wasn't sure.
I have also been told this company is not withholding any payroll taxes from their employee's paychecks.
This is what the employee told me about their services and what they really do.
The actual program this company offers is a secured MASTERCARD through another bank or finance institution. They take the initial fee from your account, which takes 5 days to transfer to First Capital Consumer Group's bank. They then send a security package explaining the secured MASTERCARD program and that takes 30 or more days to receive. Once completed and returned it then takes another 30 or more days to have another company issues the card. You can then deposit money up to a maximum of $ 2,000.00, and your available charge limit is then equal to your money on deposit.
Anyone involved with this company that feels taken advantage of (this rep alone was aware of over 550 people who feel they have been swindled) please get in touch with me through this report as an update
Kevin
Los Angeles, California
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