Balboa Capital Corporation

I contacted Balboa Capital to lease a LED signThey asked for my personal and business information, they gave me their interest rate and told me that they can lease the sign to meThey sent me an application and said that I needed to pay the first and last payment upfront plus other "fees", I said okLater Mr*** *** sent me an e-mail telling me to hurry sending the check since they are ready to send the purchase order to the vendorI sent the check, after they cash it, *** told me that there was a "problem" with the vendor, I asked what's the problem, he said that the company didn't have a long commercial history and they can not do the lease for me(at this point the had my money already)*** suggested for me to buy the sign and they would "cut" a check for meI said: what if the deal doesn't happen again and I damage my cash flow? I prefer to have my money back, he said that it wasn't possible because in the contract says that if the lease is cancelled th

They lied and scammed usThey financed $6,for us to buy a used Forklift for months with a $payoff
That is what they told usAfter paying $14,there was no $payoff and the contract lease was automatically renewed for an additional $14, What a rip offA big late fee when I paid late along with everyday calls, everyday emails, letters in the mail and certified mailed lettersNothing to ask if we were going to renew the scam contract
They told me to sign sign, sign and sign the unreadable fine line contractThat everything that they told me was in the contractJust when you buy a car
I called there Attorney, she does not take nor return calls I send them certified lettersNo reply
They need to be stoppedLook them up on the internetThere is a lot of people and companies hurt by them

We secured a loan through Balboa Capital and have made all the payments required, however they have said we have pro rated our payment and refuse to acknowledge the contract we signed and what we were told

We have provided the customer with the information and documentation that was requested

We have reached out to the customer and provided the information per their request

After being contacted by a Breon Ricks of Balboa Capital, he decided to go onto my company google listing and leave a completely and libelous review of my business We have never engaged in business together in any manner I have never talked to him, or responded to his unsolicited emails This is a truly awful way to get the attention of a potential customer

We have been requesting a payoff for our loan from Balboa Capital for weeks nowAll I have received is a constant run around from customer service and emails that have nothing to do with a payoffWhen ever a call is made to Balboa their response is "all we can do is send an email to the appropriate person"This is a simple matter that no one is trying to take seriously on Balboa's partThey are holding me back from being able to sell our equipment to a interested party

Balboa Capital is abiding by the terms of the Agreement that were signed and agreed to by both parties

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID
***, and have determined that this proposed action would not resolve my complaint. For your reference, details of the offer I reviewed appear below
[Balboa response people are not telling the truth. I have not received proof my documents are purged or shreddedThey have not taken the credit inquiry off my reportI still continue to get e-mail's from *** *** about the finance programs that will fit our business , but yet they are declined, mixed answers from balboa personnel, leads me to still believe the company is a scam to steal personal and business information for their gain only.
Regards,
*** ***

This is my second contract with Balboa Capital, it was supposed to end after monthsI called three months before the end and wanted to buy outThey told me I past the day time to inform them in writing to buy out the contract and it will auto renewI called again last week to request the buy out, they told me it will take business days and I would receive it, instead I got a notice of intent to defaultThey won't let me out of this contract, they lied about the agreement and the day clause is not in my contractI am a disabled veteran retrained for film production, the equipment I leased to buy through them is a $dollar computer that I have now paid $11,and they want another $My small LLC business is out of business because their constant demand for payment is far beyond the cost of the computerBalboa Capital is not honoring the buyout agreementSomething has to be done, I've lost a lot of money and now my business and they still want the computer

Balboa Capital is abiding by the terms of the Agreement signed by both parties

We have contacted the customer and reached a resolution that is satisfactory to both parties

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID .***,and find that arbitration is necessary.
Regards,
*** ***

We reached out to the customer several times, but were not able to reach resolution per their demands

Balboa Capital reached out to us for assistance in help with purchasing a piece of equipment for our company I thought we were getting a lease purchase agreement for the price of the equipmentThat could not have been farther from the truthNever did they suggest that I was buying a rental agreement for the equipment that we found, negotiated the price with the seller and paid the sales tax and titling fees for the equipmentThey were very deceptive and vague in the whole processFor a piece of equipment that we found for $28,we are going to be paying over $70,to own the equipment I want people to read this and understand just how unfair but legal what they are doing to small businessesAs a small business owner we can not always get legal counsel when making these types of purchases but it sure would have paid off this timeThis has been the most upsetting experience and they sure know how to take advantage of the small business ownersIt took us months of constant calling and emails to finally get the payoffAfter paying over $14,so far our payoff us Over $65,

Back in May, 2012, we entered into a lease contract with Balboa CapitalIn Sept., 2016, we realized the need to purchase new equipment to replace the equipment leased from Balboa because the manufacturer would no longer offer parts and service for the equipmentWe had a hard time getting the early lease payoff informationIn late Sept., we received the payoff information which we paidThen we asked them what to do next to send the machine back as purchasing it was not our preferenceAt that point, we were told to see section of our lease agreement which explains the return of equipment or renewal of contractSection says we must send a certified letter stating our intent with the equipment but gives no address to send the certified letter toAfter repeated attempts to get the address, all we were told was to see section of the contractIt wasn't until after the required date that we were able to talk to someoneAnd now they are holding us to the month automati

We leased a truck through this company in 2010, the end of our lease was in beginning of in Sept& Octwe requested the final buy out figures to end the leaseNovwe finally received papers of buyout for $48,including tax etcWhen we bought the vehicle in it was only valued at $40,now years later it is valued at over $more than it was years ago????? When we questioned this amount no one had answers other than if you want the equipment pay this price to keep itAfter several phone calls & messages NO ONE would return our calls, our lawyer contacted them by phone & mail to no availWe did not contact them again nor did they contact us until year later Nov 2016, by letter, now stating the buy out/payoff is $20,ONE year later & the price has dropped from $48,to $20,a difference of $27,and then as of Dec, now it has dropped to a grand total of $17, I have called (Jessy) "he is the ONLY person that can take care of this" on his direct line and left him messages to please return my call, as well as messages with the switch board peopleNO ONE RETURNS MY CALLS.....I wanted this problem resolved before the end of Their rating with the Revdex.com is a A+ but after reading the negative & reviews HOW DOES THAT HAPPEN? PLEASE DO NOT DO BUSINESS WITH THIS COMPANY THEY HAVE NO CUSTOMER SERVICE & DON'T CARE THAT THEY DON'T

I obtained a loan from Balboa Capital for $55,in July of The terms were daily deductions of $daily (M-F) which included interest, to be paid until August 18, As the pay off became closer, I would call the agents in their customer service department for assurance that my last payment would indeed be August 18,I was advised yes, but that my loan maturity date was Sept27th They needed that time to close the file I heard nothing from Balboa until the end of August, when suddenly they were deducting from my bank account, after 5pm on a Friday, with no attempt to contact me and advise me why they were again taking money from my account for a loan that had been paid in full (according the THEIR agents)I called my bank and was able to stop the payment from processingOf course I was contacted the following Monday when the money did not go through They apologized and said it was a payment from the first day of the loan that had never been deduct

We have current leases with Balboa Capital, all of them have an "Addendum B" early termination with discountsThe requirement is to send them a certified letter days prior to the termination date I sent the request for the payoff amounts on 5/21/ weeks after not receiving a response, I called them and was told they would email them A few days went by with no response so I called again They finally sent the payoff amounts but there was no discount When I called them, I was told that they couldn't calculate it until after the days of my sending the certified letter, so I called them again on 6/22/ On 6/23/I received an email with payoff amounts, but again without the discount, so I called them again I had been calling them - times per week requesting the discounted amounts, and now I have been calling them daily They keep telling me that they will expedite my request and that I should have it by the end of the day, but the days keep going by and I st

THE ORIGINAL VERBAL AGREEMENT WAS A FINANCE RATE OF 3.99% OVER FIVE YEARS IT WAS BASED ON A $125,EQUIPMENT LOAN AND THE QUARTERLY PAYMENTS WAS GOING TO BE $6,904.61, WHICH IS EQUAL TO THE AGREED UPON 3.99% THE ACTUAL EQUIPMENT LOAN AMOUNT WAS $89,000, HOWEVER I WAS MISLED BY A *** *** (WORDS CANNOT DESCRIBE HIS DESPICABLE BEHAVIOR!!!) UPON SIGNING AND THE RATE WAS 12% AT A QUARTERLY PAYMENT OF $5,959.99!!! HE INDICATED THAT THIS LATTER PAYMENT WAS INDICATIVE OF THE AGREED UPON 3.99%, AND THAT I NEEDED TO ELECTRONICALLY SIGN ASAP SO THE VENDOR CAN BE PAID UPON RECEIPT OF THE EQUIPMENT I ONLY KNEW THAT THIS WAS AT A 12% RATE BECAUSE OF A FINANCIAL CALCULATOR ONLY AFTER THE CONSUMMATION AFTER NUMEROUS APPEALS EVEN TO A "*** ***," SUPPOSEDLY THE HEAD SUPERVISOR OF *** WHO NEVER RETURNED MY CALL, I AM LEFT WITH THE INAUSPICIOUS POSITION TO REPORT THEM TO YOU AND HAVE THE GENERAL PUBLIC AWARE OF THEIR VERY SUSPICIOUS BUSINESS ACTIVITY THIS IS NOT TO MENT