I opened up a Rapid Advance account and recieved an advance on future credit card sales march. The ammount of money recieved was $25K I was riped off by their broker for $2,500.00 2 weeks later. The payback was 37K. I paid it down and things were okay. I had to renew in August. I was told I could only get $15K and had to pay off the old advance of roughly $8Kso I recieved $7Kin my bank with a payback of $20K.
Well, with the bad economy I was in the need of more funds by the first of December. I was ahead of schedule and paid off alot of the advance due to early sales for Christmas in november. I recieved a call from Rapid Advance telling me its time to renew. Now take note, they called me! At first i was hesitent and told them I would let them know in a week cause christmas was looking good as far as sales. My balance was only 5K. A sales rep named Kadisha Moore called me again and told me i was able to get $20K to put $15K in my bank. I said ok. I was faxed the paperwork, faxed it back and recieved a phone call the next day. Kadisha told me everything was good and I would recieve the money by noon the next day (Dec. 19th 08).
Now I have a retail store and sell car accessories and electronics. I wanted to have a good selection for christmas. To save time I went ahead and placed a $5K plus order of equipment to sell. I recieved the product on Tuesday Dec. 22nd and wrote a check. I called Rapid and asked when the money would be in the bank. I was told by kadisha (today) so I felt fine. Things would be good this year. Well, no money showed up so the next day I called and got her voice mail. No return call. I called agian christmas eve and was told she was on the phone so I left another voice mail. Dec. 26th I called again, still no money and no return phone calls.
December 29th I called again, still no money and no return calls so I asked to speak to a supervisor. They sent me to a man named Quin and I got his voice mail. Jan 2nd. I called again and everyday after than. Still no money, no return calls and at this point I had emailed them every day from 3 dfferent email accciunts. 1 AOL, 1 Yahoo and one hotmail, still no answer and no return calls.
Jan. 5th I bounced the $5k check and that in turn made me bounce 11 other checks. I caled again and used a different phone to call and a different name and I got Kadisha right away. She was shocked when she found out it was me so she put me on hold for over 15 minutes. When she returned she said " Oh, sorry. We can't fund you at this time" I asked to speak to a supervisor and she put me on hold for over 1 hour. I hung up. Since then I have emailed Rapid advance everyday from 2 email accounts and called everyday and left a message. No callback and no return emails.
Now I know it was my fault for writing the check that caused all the bounced checks but They should have been up front with me. If I wasn't told everything was done and I would have my money the next day, I wouldn't have wrothe the check. I just wanted to share my trouble with them.
Payback is a b*tch! I changed my batch on my terminal and Finally today I recieved a phone call asking why there has been no activity foor 14 days. I told the guy to call back and leave a message and someone would get back to him and I hung up. He called right back and I told him what happened and then told him to F*k Off! Anyway, i am sending them a final payment tomorrow and I am done! - Jimmmy
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