WMC Funding Reviews (%countItem)
WMC Funding Rating
Address: 8723 4th Ave Fl 2, Brooklyn, New York, United States, 11209-5166
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Address: 8723 4th Ave Fl 2, Brooklyn, New York, United States, 11209-5166
Phone: |
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Web: |
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Add contact information for WMC Funding
I was contacted by phone in 2015 about buisness funding. The pitch insisted I could get 10 % interest... I submited 12 months bank records to WMC as well as their application.
I was with ON DECK CAPITAL at the time and had a small balance remaining was looking to get more funding for the up coming year.. the intial loan was $50.000 at 31 %. I was promised throughout the process that there would be a 30 day review and that as long as I didnt piggyback on the loan and get additional funding from another source that I would be given another $50.000 forgiving the interest on the first loan making it 15% overall. I HAD TO PROVE MYSELF FIRST . Salvatorre was my liason throughout the process and said we will be talking at 30 days after 21 payments harms been successfully completed.
I called and sent in my bank statements to show that all payments where made and that I had not been wired any additional funding... THEN NOTHING...no call backs...nothing...that is when it became apparent that they had lied about who they where and what I had actually done was sign a loan with a company called Credibly at 31 %... And I had been coached by Salvatorre to lie to the Credibly agents through the underwriting process which he claimed to be neccessary as a 30 day underwriting insurance to show I was worthy.. not just SAL . but the whole staff is an organized con including Mr. BRIAN S ... they create a carrot to hold out in front of you with verbal promises that they are the money people and how much they want you as a longtime future customer ....and its all for a quick commision check...
I have been truly been harmed by the fact I didn't get the actual funding imI needed for the upcoming year... only half and this company has ruined me with that loan at an interest rate that I was promised would be forgiven or waived after 30 days.. the actual lender turned out to be the underwriting processors and I was coached by SALVATORRE on what say and not say in order to get the initial process started... They are very very good at this , and beyond a doubt I know there has to be other victims ... what I say is true as God as my witness... and I am open to any inquires in regards to WMC Funding and Salvatorre. I complained on another site, *** and that review now says the complaint was resolved or that they attempted to contact me...they never did either..another crooked institution it would seem...
I work hard to make my buisness run and pay my 20 employees.. and these guys have just set me back...without a care in the world im sure..
We appreciate the feedback so that we can do a better job going forward. Having first hand interactions with Mr. Hightower I can honestly say , there are some people you can not please. This funding took place in Nov 2015 . Lets look at the facts, we funded a 1.31 factor rate on 12 months with a total of zero in fees ZERO. Although we had written authorization to debit his account $1995 for services rendered. Several factors deterred us from doing any additional business with Mr Hightower; He had a Kabbage balance which was more than originally disclosed. The company On Deck who he states was ready to fund him again, denied him per his own written admission. As far as him not knowing who was providing the funding, not sure how he did not know who he was signing a written contract with it as the company logo was on the agreement and he signed it more than once. He also did bank verification with the third party and a recorded funding call. Initial funding was originally delayed because Mr Hightower's bank account went negative. He had several interactions outside of WMC with the third party funder, clearly WMC was not funding him directly because of his credit profile. At no time did we imply we were funding him. He sent in additional bank statements months after his initial funding looking for a second round of funding, which would have totaled up to 3 different balances. Since he was running close to a negative bank balance daily, this would have clearly destroyed his business. Furthermore, a public record search showed tax liens and delinquent child support. I think we did good by him.
As far as a bait and switch, we pride ourselves on being as transparent as possible due to the fact that we are usually financially invested in the file. Looks like he is over extended and looking for a scapegoat. We normally prefer to protect the privacy of a client, past or present. In this case Mr. Hightower has made it a practice to continuously slander WMC for no apparent reason. We wish him continued success.
Sal. And Brian S have gone through their upmost to discredit me since my initial complaint in 2015 . The history of the bait and switch scheme is also verified by other person's who have been victim as well . These complaints can be seen through out the complaint review sites on line . The loan company they got the loan with for me no longer does business with them . A previous employee as well has verified the scam online also . The pattern of the bait and switch scheme is as easy to see in complaints about WMC online .
We were sold a loan with the promisse of renewed funding with a longer term, and were charged $4,995.00 of wich was suposed to come back regardless if loan renews or granted a longer term or not. Not only we never received the refund, but the mediator who claims to be an afilaite of WMC and is with so called Hartford capital Funding out of New York State never refunded nor followed up while we strugled and paid back the term plus other interest that should have never occured.
Both Harford and WMC are crooks, they should not be allowed to do business and shuld be punished with jail.
I know we desrve the reimburment of our $4,995 plus all the interest added by the 3rd party lender who claims has no recolection of either WMC nor Harford.
We have paid Yellow Stone Capital who was a Capital Merchant who eneded up a legal firm called MCA.
Please look into this and go after the first 2 companies first, for they should NOT be allowed to do business.
Worldwide Marketing Resources, Inc DBA WMC Funding. Hartford Capital . Capital Merchant. Yellow Stone. MCA Recovery. they are all in one.
To whom it may concern
Customer satisfaction is our highest priority here. We never received any correspondence from the Revdex.com. Please use this email address going forward. I was viewing the Revdex.com site and realized we had an unanswered complaint, so I called immediately.
WMC is in the business of purchasing receivables or arranging the purchase of receivables through third parties.
The complainant, is in the trucking industry, which is considered high risk in our industry. Options are limited because many trucking companies default. We do not refund fees and our staff does not make the promise of refunding fees. The business owner was disclosed a fee of $4995 that would be charged to her only after we arranged the purchase of her future receivables. At no time was it represented to her that our fee would be refunded to her. She sold her receivables on 10//2017 and requested that her payments be lowered on 1//18. She then proceeded to go into default. She has had numerous bounced payments.
This is the first my office is hearing about an issue besides her being in default. She is not paid in full and presently has a balance that is in collections.
I am sympathetic to her situation and will offer help when I can, but at no point do we promise that we would refund our fee. We would not generate profits if we refund fees. If there is anything I can do or any other information is required please let me know.
Having a good rating with the Revdex.com is top priority
Regards, Michael D
WMC Funding, Inc New York