Access Capital Funding Group - What can you expect for $2400? Apparently for a lot of customers - not much. Access Capital continues to make press and I wish I would have read some of these postings before taking the leap. Oh well - don't be foolhardy with your money...research as the other posters have pointed out can be very important in choosing the right company.
"Trusted Criminals: White Collar Crime
Access Capital Funding is being accused of making false promises to customers to drive sales." Access Capital Funding Group’s consumers were intentionally misled due to false advertising and deceptive business practices, including offering misleading information to obtain financing; Access Capital Funding falsely advertised on the Internet that consumers could use their credit repair program to remove negative, but accurate and up-to-date, information from their business credit reports to obtain loans without a personal guarantee. In addition, the suit alleges that Access Capital Funding Group bills customers for canceled services; breaches of contract by failing to deliver goods and contraventions …by failing to reimburse consumers who had exercised a right to cancel.
"The amended complaint also extends the responsibility of Access Capital Funding Group’s credit department to several of the firm’s international entities and affiliates."
"Credit Building Scam Defrauds Thousands.
Access Capital Funding involved in Credit Scam. The company knowingly stole from its customers, mostly small, startup businesses. When a whistleblower uncovered the scam, they buried the information and continued the illegal practice. Access Capital Funding has no intention of returning the..."
"No service provided
Access Capital Funding Group knowingly charged unauthorized fees to my credit card numerous times without my signature on ANY official documents/contracts/service agreements. After Demanding a REFUND from Access Capital Funding and notifying them to cease and desist/cancel account, they continued..."
"Credit Building Scam Defrauds Thousands.
Access Capital Funding Group and the band of dissatisfied customers seems to be growing and growing quickly. The apparent victims of Access Capital Funding have lost personal revenues ranging from $1599 to $2400.
At this point, it is a good idea to research Access Capital Funding Group...
This is a victim of Access Capital Funding Group from over a year ago...
On Sept. 3, 2007, I signed a contract with Andrew (VP) of Access Capital funding Group, LLC in Denver, CO. I also authorized (4) direct payments of $399.75, beginning in Oct. of 2007, totalling $1, 599.00.
I also signed their 'Personal Credit Restoration Program Contract, ' which gave them a 'limited power of attorney, ' so thy could obtain information and improve my personal credit score.
I have had to further pay for all credit reports twice, and the cost of mailing them to them...this was not included in the fees.
I completed forms for Trade Accounts application, for my business credit building process to begin. I finally had to call Dunn & Bradstreet on my own to establish an account. I also had to apply on my own for my business trade accounts, Staple's, Office Depot and Quill. I received those business credit cards, and made several purchases, and paid them prior to being invoiced (as advised by Access Capital) however none of them have filed that positive credit information to D & B.
I have received no information on becoming an LLC, or incorporation of any kind, which would have seemed a likely step into establishing any such business.
I essentially have made all the efforts, paid their $1, 599, and have to date...received nothing!
This process has been going on since Sept. 3, 2007. It is now June 6, 2008!
I have e mails to verify that I was to receive my business loan in the amount of $150, 000 by Nov. 3, 2007, from Andrew Eikenberg, the Vice President of this ACFG.
Because of this, I made several business deals, and it caused a great deal of grief when I actually found out...that wasn't going to happen in Nov. 2007.
Now, I'm hearing, and I have all e mails verifying this, that they need to get my PERSONAL credit score up to around 720 before the financing will happen! 'It's your past credit mistakes that are causing you problems, we can't help that!'
But at the time they sold me their 'package, ' they assured me, this loan would be solely based on the business credit they helped me establish.
This company is deceitful and misleading, and I can assure you they fully plan on dragging this out until Sept. of 2008, at which time, they'll most assuredly tell me...'your contract has expired, and there is nothing we can do for you!'
I have repeatedly asked for a full refund of my $1, 599.00, but I just keep hearing about how much work they've done for me, and they emphatically reply 'there will be NO refund!'
I have countless e mails, and every single piece of correspondence I've had with these rip-off people saved in my file. Someone needs to STOP them from robbing the hard-working public of their money and their dreams of entrepreneurialship!
Fed-up and ripped-off in Wisconsin!
C'mon people - THINK BEFORE YOU PAY!!!