My initial contact with this company, was for a "cash advance" type loan, thru MY credit card machine. After our first discussion, I was told, I would have to buy "Their" credit card machine. Which I did NOT agree to do. Their process, ended up NOT even using a credit card machine. Then they went ahead and shipped me a credit card machine, for sum of $487.20, which I refused receipt from FED-EX. Was not credited back my funds taken for such, from my bank account. And they have possession of their machine, Also charge our account for the sum of 576.80 for and appt / fee.
Next I was charged $918.40 for early cancellation, for a contract that was NOT even completed nor signed by myself to complete this loan as offered.
Loan offered was $10,000 (net deposit $9605.00) IF Funded to my bank account, which I could NOT touch/use any of.
They would take, $395.00 "loan fee",
then a $97.68 daily, @ 129 days, total repay
$13,800.00, for monies I could NOT even have use of. So where is the benefit of doing such a loan??? Reason why I never fulfilled this contract/agreement with Universal funding. Also we filed a Complaint with BBB # 84098459 they did nothing to help us with this company, the only thing that company is good for is to rip you off and THEY will take your money.
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