This company possed as a collection agency with no upfront costs. The only costs would be a percentage of the collected amounts. They looked and sounded good, but as I look over the paperwork I see many things missing, mainly a website, also their one page form was filled in by hand.
Their advertisement was through email and they had a few surprises along the way. They had not mentioned the rates verbally, they would hold the money in an escrow account for four months until they were sure tha money cleared the bank it was drawn on.
Their claim why they held the money so long was that when payments are made "Check by Phone" the payee could tell the bank it did not authorize this payment and they would be out the money and that on a couple of occasions the money was not in my customers account, another lie.
I thought it may be possible that two months could be true of this. After another 2 months of deception and lies I told them I was going to send them into collections and inform the authorities. Gerard's response, "there is nothing you can do from up there!"
When he had informed that he was not able to send my check after 2 weeks of promising because my customer had closed his bank account, I called my customer. He said that he did not close the account and had been paying faithfully for 4 months. The total $7,000.00.
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