The most trusted and popular consumer complaints website
Explore your opportunities! Create an account or Sign In

Foundation Financial / Be afraid

1 United States Review updated:
Contact information:

Be afraid. Be very afraid to do business with or work for this company. If you are smart enough to research this company here on https://www.complaintsboard.com, then you are smart enough to heed the warning not to work for or do business with them.

There are several reasons that as an employee you should avoid FFG at all costs. The first is Money. This company is focused entirely upon making money for the owners and not at all for the employees who do most of the work. At the time of the initial interview, the company's managers promise you the world in terms of money. They promise that you will make $100, 000 per year and all you have to do is make 200 telephone calls per day. What a crock of b.s. While the owners do well financially, 95% of the non-managerial employees do poorly.

Company has very high turnover. Over 90%. Most of the employees have been employed for less than six months. A few of the managers have been there longer. Company purges 90% of all employees from each recruiting class within two months. If you are prospective employee, you probably won't make it past sixty days. If you don't get purged, you will have been smart enough to have quit before the purge.

Work atmosphere is horrid. Days are long. From 9:00 a.m. until 7:30 p.m. Working half day on Saturday is mandatory for most employees. Each day begins with two or three mandatory sales meetings in which managers drone on and on and on, day after day, about how much opportunity there is to make money if employees would only take advantage of it.

Company says that employees are not telemarketers but that's exactly what they are. Company encourages employees to lie to customers telling people that FFG has called them because there is something terribly wrong with their credit file that only FFG can fix. Company also encourages employees to get people on the phone or to call back because the FFG employee is actually calling from the government or the Federal Housing Association.

This company is beginning not to do well financially. One reason is the decrease in loan closings. This is because of the ridiculously high and outrageous closing costs that they try to charge on each loan. If you a re a customer of FFG, you can get a better deal almost anywhere else.

Be afraid. Be very afraid of this working for or doing business with this company.

Va
Sort by: UpDate | Rating

Comments

  • Is
      20th of Oct, 2009
    0 Votes
    Foundation Financial - Harassment and poor business practices
    Foundation Financial
    United States

    We are in the process of refinancing, it has been taking some time. I dont know how this company, Foundation Financial, got ahold of our personal information, but when they first called, I was made to believe that they somehow represented the company we were dealing with..They have contacted me today at least 8 times. I received a message at 10:30 am and, by caller ID, saw they were calling back over and over. In the evening, my 10 year old answered the phone and it was the same gentleman from Foundation Financial, he gave my child such a hard time-it sure would call it harassment and it has been recorded by my answering machine. What can be done about companies such as this? They have no business bothering people and fooling them into thinking that they are somehow related to the financial company we already are doing business with. Also, there is the HIPA law for medical information, what kind of law is there for financial info---this is very private information and I am not at all comfortable knowing that just anyone can have acess to what I am doing financially.

  • Gr
      17th of Feb, 2010
    0 Votes

    Agree with you completely. This has been going on for 3 months now and they keep calling back even after they were told off and to never call again. I totally see how people could be fooled if they were not VERY careful!

  • Cc
      5th of Jun, 2010
    0 Votes
    Foundation Financial - Mortgage Scam
    Wisconsin
    United States

    I recently have been approved and have been going through the motions to refinance my home in which I have been working through a reputable mortgage /financial firm. During the heart of approvals I received a call to my home from Foundation Financial (yesterday) in which 'Cade' from Foundation Financial left a message that stated he has my personal and confidential file on his desk and that apparently I am just waiting for loan approval. According to his message it was imperative that I call him back immediately. Since I picked up the message after business hours, I waited until the next day to try to return his call. However the whole thing felt fishy - so I called my Loan Officer at my mortgage firm - he stated that my deal had gone through, we are closing and that this person has nothing to do with our deal. Within a couple minutes (frankly before I could turn my computer on) my Loan Officer called back and told me to look at Foundation Financial on-line. It is a company that is looking to confuse and switch and or charge fees for products that aren't agreed upon. This company is looking to confuse and to take advantage of innocent consumers.

    I will be reporting them to the business bureau, have put a Fraud Alert on my financial accounts and will do whatever necessary to ensure that they do not get access to any of my personal information. I hope 'Cade' is stupid enough to call me back because I am anxious tell him all the people who have his phone numbers.

    By the way - if you'd like to leave Cade a message - you can reach him at 770-615-4468. I'm sure he'd LOVE to hear from you.

Post your comment