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Phoenix Capital Group

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Reviews Phoenix Capital Group

Phoenix Capital Group Reviews (8)

• Sep 19, 2023

WDCMARKETS is a big scam, I invested a lot of money in this company and everything was going good until I said I wanted to withdraw and all my money was gone. I paid 240,000 Euros, they won’t allow me to withdraw any of my money out, I email them everyday, once you put money in, you can’t get it out. I finally was able to get my money back with the help of a recovery chargeback service done by ([email protected]). His reliable chargeback firm, you can contact him if you need, He can help you get your life back like he did for me, I guess this information may be useful.

have been doing business here for years...they're the bestMike D***, Just Us Trucking, Ltd


I am a freight broker that signed a factoring agreement with Phoenix Capital GroupMy customers were approved for invoice factoring but once I actually submitted an invoice for funding the request was denied stating that the documents appeared to show that the loads were being rebrokeredThe rep requested a co-broker agreement, I advised that I am the only broker and that the loads/invoices were directly from the shipperThe company name that the rep kept referring to is the software system that my customer uses to process their paperworkI reached out to the Transportation Manager (shipper) to request the documents and she gave an explanation clarifying that the name that appears on the rate confirmation and proof of delivery is that of their software system that audits and pay their freight bills and that no co-brokering was occuringI forwarded the explanation to the PCG rep but the invoices were still denied The rep aslo contacted the company listed on the proof of delivery&


I needed a factoring company quick and went through factor finders I was connected with PCG and from there it was just a down hill experience They made me feel very comfortable signing up with them only to give me the hardest time getting any of my money Im Paying them 5% to have loads wired and they are telling me that my BOLs, Rate conformations and invoice copies are no good My copies were clear as day Gina will just ignore your phone calls and force you to email her This is hard to do when your running a business and driving at the same time I broke down twice already with no money in the bank, sleeping in my truck, cold because she wouldn't answer the phone Im telling you this business is no good Im sure there are a lot of other stories out there like mine I just got home now from a run to California where once again I had about $in loads that were to be factored and there was some little mistake that was conveniently there on all paperwork Invoices were missing when they were right there, very very picky, not easy to work with Would never recommend them to anyone


*** Express does have a factoring contract with Phoenix Capital Group. Part of that contract includes a 20% penalty of an invoice value for *** cashing any check received by them an not forwarding to PCG in kind. This was done on invoices and totaling $3,000. The penalty for
this was $600. The penalty was charged however PCG decided to use part of the penalty money and cover a deficit balance owed by A&T Transportation. The money used to cover this deficit was part of the $penalty. While it appears this was taken from ATS, Phoenix Capital Group's accounting of the $is done at our discretion. The web issue is beyond our control. The website is functioning properly. We cannot speak to why this client cannot access their information. All reports were pulled and sent via email to *** since they could not access the website on 10/6/15. As for invoices submitted that are not purchased, the contract indicates the purchase of invoices is at PCG's sole discretion. With a blanket security interest in all assets of *** Express, we are not going to limit our collateral position by providing release letters. Once invoices are paid to PCG, the money would go into the ATS' account and be available to release to them, assuming their account was in good standing. During a conversation on 10/6/with the owner's designated authorized person, both parties agreed the factoring relationship was not going to work out and *** was free to find a new company to meet their needs. PCG believes this is a misunderstanding of the contract and overall accounting practices. There is no money owing *** that was transferred to any other company


I have had numerous problems with Phoenix Capital groupThe account representative who my company worked with was the rudest individual I've ever dealt withI nearly lost my buisness due to this factoring companyMy signature was forged on a few documents as well


We had been signed up with Phoenix Capital in the event we would need a factoring system We were finally presented with a reason to use the factoring at Phoenix Capital when a broker would not give draws against loads This was a concept that was discussed in detail and we were given FTS cards from fleet Tech Transportation Services that we were promised could load up to 50% of the entire settlement prior to delivering by Phoenix Capital They were specific in requiring an invoice, Bill of Lading and rate confirmation sheet before they would fund the FTS card We missed the first deadline on 7/10/ The shipper was late releasing the Bill of Lading We have a trucking company and drivers are loading and unloading 24/ We are on call everyday for all kinds of things that come up I made the mistake a commenting about bankers hours and it was not even directed at Phoenix Capital and the agent went beserk and I apologized after realizing this was taken wrong However I had a truck under a load that needed fuel money so was trying not to rile up the agent anymore and just get through this On 7/11/207, we were promised everything was a go, they were going to fund the FTS card and we would have fuel for the driver to go on Within one hour of receiving this e-mail saying everything was a go, we had a new agent and this agent now required the delivery BOL as well At this point the driver needed money for a lumper fee and we requested assistance from Phoenix Capital for this We were told no we had to get the load unloaded and they would not assist with this At this point the broker stepped forward and helped with the lumper fee It took a while for us to receive the completed Bill of Lading and we had been promised by the new agent she would make sure we were funded today The broker had a problem with the load due to a discrepancy with the shipper and now wanted the load that had just been delivered sent back We had finished the first load, but now there was an additional load Suddenly we received an e-mail from the agent saying they were not going to fund after all The broker made several calls explaining there was additional money to send the load back was already invoiced and we tried contacting via email, phone calls and we were totally ignored At this point we had drivers stranded without any fuel money and Phoenix Capital was refusing to even speak to anyone I have e-mails saying Jeff Berry would call or email and that never happened The point is, you partner with businesses that are reliable, ethical and can be relied on Phoenix Capital cannot, or that was our experience and also the agents are a bit thin skinned Someone is upset they are not open when they claim they will be and they can't take constructive criticism? They don't do what they say they will do and just leave people hanging? I have all the e-mails going back and forth and will gladly share with anyone However we need to be released from Phoenix Capital with Landstar the broker as they are obviously not a business we can rely on Afterall I had to self fund the drivers so they could do their job and deliver the load for the broker Why would anyone pay for such lousy service?


[redacted] entered into a factoring relationship with Phoenix Capital Group on 8/24/16.  After factoring a handful of invoices, they requested a release letter in order to be paid directly from a customer.  Unfortunately, that customer had a balance owing with Phoenix Capital...

and the request to provide the release letter was denied.  Mr. [redacted] simply did not like that answer and went behind Phoenix Capital Group to get paid directly from his customer on an invoice owing to Phoenix Capital Group.  Once Phoenix Capital Group is paid $5,165.00 to close out his account, the factoring relationship will be terminated.  Mr. [redacted] is simply unsatisfied with not being able to get a release letter although there is a significant balance owing Phoenix Capital Group.

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Address: 8707 E Vista Bonita Dr Ste 240, Scottsdale, Arizona, United States, 85255-3214


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