I am a small business owner and I recently started looking for a unsecured line of credit for my business to use to grow. Thanks to Google I found www.EZUnsecured.com where "No Time No Collateral = No Problem"... If that isn't false advertizing I don't know what is.
I contacted these people on June the 4th. Talked to Paul Dillingham and submitted full financial Documentation... I mean all of it, Tax Returns for 2 Years Financial Loan Applications... The works. Paul told me youll be on the $200 "Expert Review Fee" and 8% Success Fee Level. He said we shouldnt have a problem you look great. Which is what I already new. I know I have excellent credit personally and Business wise. I was told he would submit my file to the under-writer and I should hear from them with in 3 business days.
Well on June the 12th I hadn't heard from anyone so I called Paul back and left a message. We finally got to talk late on Friday after noon (June 13th) and he said call him Monday and he would get the under-writer on the phone and we could all figure out what was going on. So Monday (June 16th) I call him and he said I should get an email from Pam (who is his boss)
I check my email and there is an email from Pamela Diaz with my "Expert Review" It says she is missing proof of EIN and Business License ect... (Which I remember giving Paul) but then it says, "VERY IMPORTANT: You are currently using an average of 57% of your available Credit on your Personal Credit Cards. Before we can proceed with Lender Submissions, we will need you to pay down these Credit Card Accounts so that the balance on each Account is NO MORE than 30% of each Account's Credit Limit." It goes on the say my balances are $# and so forth.
I was shocked; I don't carry substantial balances on my credit cards.in fact most of the time I don't carry a balance at all let alone 57% of my limits! I immediately called my credit card companies to check my balances and sure enough the numbers Pamela had given me were incorrect. THE Amounts where actually my available credit limits and not my balance owed. I immediately sent her copies of the previous month statements showing that she had obviously made an error.
Pamela returned my email saying she needed me to sign an information release (which I assumed was to aid in submitting loan apps) and another Credit Card Authorization form. This sent up a red flag for me. I emailed her back asking why and this was her response:
Can you please sign these for your re-scores and send back to me at 866-381-2981.
Thank You
Pamela Diaz
Credit Analyst Supervisor
EZUnsecured.com
800-201-0001 EXT 804 Direct
866-381-2981 Fax
800-201-0001 Main Office
Www.EZUnsecured.com
Now after I ask what these are for why would you respond in this manner? So I asked her again and got this response:
I need your SS# on the form and Jade Rock is our company who does your re-score with Fundingsuite - You are being charged for the rapid re-score costs.
Thank You
Pamela Diaz
Credit Analyst Supervisor
EZUnsecured.com
800-201-0001 EXT 804 Direct
866-381-2981 Fax
800-201-0001 Main Office
Www.EZUnsecured.com
Charged for Re-Score? I emailed her again asking her why she needed to charge me for re-scoring her mistakes. Finally she called me and said it is in your contract that any re-scoring they have to do is $250 per account! I looked and sure enough there it is in the contract. But it says, "Rapid Rescores to update or correct items in your credit report.." So I said I want to see my credit report you pulled because I have never even carry a balance of this amount and I have never seen an error of such a nature reported on my credit monitoring services.
Pamela emailed me the report and I was right... No errors of that nature. Now neither she nor Paul will answer there phones. So I am out $200 for someone elses mistake and if I wasn't so diligent about my own credit or If had a less questioning attitude I could have easily lost an additional $500 or more while they preformed there "Rapid Rescores" of their "Expert Review."
I fell like these people are predatory in nature. They Advertise easy and seemingly stress free means for small business owners to achieve our goals and dreams all while they are actually trying to pick pocket you! All I really want is my $200 back or for them to deliver what they conveyed as an achievable result. But neither will probably happen. The best thing I can do at this point is pray that this post will help some other entrepreneur from falling victim to these internet pick-pockets.
0 comments