Complaint / Review
Fintech Services, A. Cappello
Fraudulent practices feeding on financial crisis of homeowners

My husband and I, like many of you, are having difficulty paying our mortgage. He is recently retired from a his company going bankrupt.

We received a call from Fintech Services within a week of President Obama's speech saying that he was calling for modifications of loans to help people with their mortgages. Mr. Perdue was very friendly and knowledgeable. He assured me we would 'sleep soundly and be stress-free' now that they were helping us to get a modification. He wrote in an email that they could get our mortgate down to 3-4%. They also told me that I could have them handle my personal loan of $10,000 in their 'debt settlement' department for only 50 cents on the dollar.

I faxed all the paperwork they asked for AND the $995.00 up front cost, and waited. The only instructions they gave me were to not talk to my bank, for any reason and to not pay my mortgage. After 2 months of waiting and sending emails with various questions, I received a judgement on my personal loan, taped to my front door! I called the lawyers who sent the judgement and explained everything to them. They called Fintech and got no response... From a lawyers office!

I then went to their web site and emailed from there. Mr. Cappello sent me an email 'personally', it's his company. He explained that his 'people' don't have time to update me on everything going on with the 'litigations' and that I need to be patient. He assured me I would get a call from their office immediately, didn't happen.

I finally called my mortgage company and they basically laughed, after having given them all the information of which I'd gone through for the past 3 months. They said they had not talked to anyone from Fintech, they had only received faxes of what I had sent to them, which they passed on to my mortgage company. Nobody from Fintech was on the phone litigating on my behalf. There are no documented calls from Fintech whatsoever.

I emailed Mr. Cappello again to tell him I wanted my money back and that I was looking into legal action.

I will persue this and all other actions with this company until I get my money back and I am ashamed at myself for falling for this scam.