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Prestige Capital Funding Group

772 Port Richmond Ave, Staten Island, New York, United States, 10302-1737

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Reviews Financial Services, Factoring Service Prestige Capital Funding Group

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I give you fair warning! Don’t ever use Prestige there are way better lenders! They’ll hit you with so many undercover fees it’s borderline criminal! Take my advice stay as far away from this company as possible or face bankruptcy!!

Terrible company. I spoke with Chris F from Prestige capital in October and he asked if we could look at some funding options. I agreed to him looking... He stated he needed my social and business credit info to do a soft pull on my credit... I was very reluctant to do this but finally agreed to doing so and sure enough... He had 3 or 4 business partners do hard credit pulls on my personal account and businesses account... I have called 10-15 times over the last few months trying to get this resolved and every time they just hang up or tell me they will get back with me and never do.
I would avoid them at all costs!! Terrible business practices and do not care about their customers.
I am happy to remove this once they have removed the credit inquiries.

Prestige Capital Funding Group Response • Jun 13, 2019

Merchant stated that he was in the market looking to obtain funding for his business. And the rep Chris mentioned in order to process his file a social would be required. First where would anyone go without providing a social or information about them or their business for approval? Second after reviewing the merchant documents and presenting a great deal for the client, our partner company informed Chris that they had recieved this clients information from multiple lending companies. So this client had already been shopping his file to multiple companies trying to obtain business funding. There's emails confirming that his file has been around. Merchant was informed when Chris first spoke to him that his file was referred over to Prestige because the company he was working with was unable to obtain the desire amount and rate merchant was requestign. Anytime this client has reached out to us we have spoken to him and explained the situation. This matter took place over months ago and the merchant would go few months and contact us regarding the same matter. No one has ever hung up on this merchant. There's even text messages going back and forth with the merchant so he can't say Prestige does not care about their clients/customers.

Customer Response • Jun 13, 2019

Correct, we were in the market looking for funding.. But I had my credit locked and had to approve access for the credit to be pulled and I asked when would it be pulled... Immediately after the 3-4 hard inquiries came up on my credit after I was repeatedly told "this is just a soft credit pull and the hard credit pull would be done to finalize a loan if you decide to go through us". There are emails showing when the info was requested and when the credit was run to prove timeframe.

We won't even go into the rates or terms.. Thats not what this is about.. But way to try to pat your back.

The reason this issue happened months ago and wasn't reported was because I was trying to handle this cordially and just get it resolved between us.

The text messages are a mute point... Every time it has started with me... Once again trying to resolve the problem and starting with several calls to the President or VP, them texting me who is this, and I respond, "Im looking for funding", so they will get back with me. And they end the text message with "Are you looking to be funded or just concerned about the credit pull".

Dont do business with them. I have tried to resolve this multiple times and they refuse to help me get it resolved. Again, I will happily remove the complaint once the inquiries are off my credit file.

Thanks

Prestige Capital Funding Group
After a week of going back an forth and myself asking several questions. Not to mention the Agent Chris F specifically stated that they are a a DIRECT FUNDING COMPANY (which would in most cases mean not a brokering company). Fast talking sales technique.
However after everything is said and done. Yes funds were available. Yes they were deposited yes I signed a ACH FORM For repayment Twice ( when asked about the second ACH form I was informed it was for repayment).... Yes I read the contract and no where on it is there a break down of any kind that states that the seller will be charged a commission fee, funding fee. The only break down of actual numbers is the repayment plan of said amount daily ACH TRANSACTIONS. A small processing fee.....
Now what actually happens is when repayment starts THE DAY OF DEPOSIT NOT THE DAY AFTER LIKE CHRIS FIELDS STATES. ACH transactions of repayment ( that I was prepared for)
And another ACH TRANSACTION FOR $900.... From Prestige Capital aka PK GLOBAL PARTNERS (bank informed me
Of this name with contact number)
As for getting ahold of anyone yes phones are answered a bit quicker before funding but once after funding or having questions or problems or concerns they tend to be a bit more lagging In The response department....
READ THE PAPER WORK CLEARLY AND DO NOT TAKE THE ORIGINATOR OF THE FUNDINGS WORD FOR IT...
IN VERY SMALL LETTERS ON THE SECOND ACH FORM IS 5% DOESNT SAY 5% OF WHAT NUMBER OR AN EQUAL AMOUNT JUST 5%. This is where I was mislead....
After doing some reverse math it was figured out....
I have copies of the contract for proof.

Prestige Capital Funding Group Response • Apr 02, 2019

This client was provided funding from Prestige Capital Funding Group. We are a lending firm unlike what the client mentioned. I am unaware or am sure that we do not have an a.k.a PK Global Partners. No bank provides information on their customers without the owner of the account consent. Another matter the client says he never sign any ach but then throughout the client complaint he mentioned it was in small letters which is not true. Client reachout to us this morning before hours when everyone was walking into the building and a rep told him that they will deliver the message for his rep to give him a call once he comes into the office.

Beware of dealing with this company, after doing a small loan with them they overcharged me $795 on the origination fee and then deducted $2000 from my bank account saying that it was in the contract, which is was NOT, almost 3 months have past and I cannot get John C. to return a call and resolve this. SCAM SCAM SCAM.

Prestige Capital Funding Group Response • Mar 18, 2019

We have worked and spoken with this client several times. Yes I'm aware that he reached out to my company several times asking for John. But he has spoken with the client several times as well regarding his file. The client has to realize as well that he is calling a place of business and is not going to reach the rep 100% of the time. There was no origination overcharged. Origination are always on the first page of the contracts or broken down on the fee structure page of the loan within the contracts. The client actually called this morning before posting this complaint and he spoke to the office manager. The rep John was not in at the moment. But I assure you that John will be reaching out to the client.

This place is a joke they will tell you one thing and change it after you have the loan if anyone is looking for funding go someplace else please they lie just to get the loan and they didn't have a place for NO stars so I had to put one

Prestige Capital Funding Group Response • May 31, 2018

is the owner of Dependable Handyman. Her husband Neil is the one who has been harrassing our company regarding a loan we provided to his wife business. They didn't even qualify for funding with the fluxations withing the business banking. But we were able to work around a few things to provide the funding for their business. We went out of our way to help Neil out after they were denied everywhere. He even record one of my reps without their consent and lied about him saying the rate of the loan will be at a particular percentage. I advise any lender to beware of this guy.

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Address: 772 Port Richmond Ave, Staten Island, New York, United States, 10302-1737

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