This company is by far the closest thing to 'making a deal with the devil' that I ever experienced. My brother Doug and I applied to this company to get business credit. They had this really nice person call us every few weeks to see if we were still interested. This is the bait. After a couple of calls and discussions, we decided that this was the way to go.
We should have noticed how desperate they were to get us to sign (the contract was actually from RBSL group, not unsecuredline) but at the time it just seemed they were really efficient. We also noticed at that point how many affiliates they have. After the signing, you get a totally different tone from them. They are rude and cold, provide no contact with you whatsoever, except to send threatening emails if you don't do what they say when they say it.
The contract is better organized than enron... Pure genius! They claim to consult with you on banks. They actually GIVE you 15 or so banks and MAKE you apply to them all, or risk a being charged a fee. Where do they put this fee? On the credit card you gave them for the orginal $395 credit check profile. They also try to sell a optimizer that is supposed to help you get credit. We decided not to go with that.
After they found out they couldn't make money off us with that, they really got icy with us. What if you don't like the banks they offer? If you don't apply, they charge you a huge $2500 fee PER BANK. What if they charge your card and you dispute it? That's in the contract, too. You cannot dispute their charges. What if you want to sue?
So says the contract, you have to pay all the legal fees. What if you want out of the contract? Sure, you can have out; but you're still liable to all the banks they give you, which means if you want out, you have to opt out before you find out which the banks. That's why they made us respond by email to say we got the banks! Told ya! Enron genius!
Oh, and to clear your inquiries, they send you to another of their affiliates, SBFC who you'll see also posted on the rip off report. They didn't get us any loans. If they had, we would owe 5% of the amount of the loan to them for finding the company!!! They take full control of your credit report and your ssn while you work with them. And because they only take those people with good credit, they know it marring your score means something to you.
After we realized what we'd done, we felt controlled and trapped. The contract doesn't really make sense until you are knee deep in it, and they know that. Don't be fooled by the friendly voice or the friendly faces on the website. The authorities should be notified. DON'T fall for the scam. They WILL NOT help you, and you'll be worse off after dealing with them.
Whomever the palm springs person is that posted here, you need to let us know how to contact you for this class action suit.
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