The complaint has been investigated and
resolved to the customer's satisfactionResolved Funding Universe — Scam at www.fundinguniverse.com
resolved to the customer's satisfaction
Funding Universe is a waste of my time. As General Counsel for this new venture, I should have known better. Especially when they responded to an online (www.fundinguniverse.com) request for funding, and stated they would help, but based on the 'credit profile' and their vast experience, they would need to run a full credit history etc., etc.
After a very good sales pitch, I gave in to 'Joe Hughes' at Funding Universe. I was stupid enough to fall for the hype and provide them $99, so they could "spend time analyzing the loan request, as a lender would", and provide me with details on how we could best position this loan request for a successful outcome. They went on and on about how they knew the best way to be helping new businesses (and people and existing businesses) with loan requests, and could help assure the lenders were shown the right documentation, etc., etc.,
Then after they had the $99, they had an appointment set up with an 'analyst' call who said there were a lot of issues that could be fixed, related to credit and underwriting requirements that lenders score loans on, etc., etc...BUT he would need more money, in this case about $1, 200.00 more.
I said no thank you, that we had a business plan and good financials, etc. The guy would not take not for an answer. I finally said, NO! We would not be using their services. He began to question the decision and started explaining why I needed them, etc. Being a busy person, I told him no again, and that I was hanging up. I finally had to hang up on him.
He called back. I more forcefully told him no and hung up.
Agents from Funding Universe have left made no less than 10 seperate phone calls, often leaving messages to call, sounding urgent.
I should have known that a reputable broker (they are not lenders) would work off of a success fee or on a contingent basis, not taking on a client or loan request that has little chance of closing.
Today, two weeks later, I accidently picked up a call after 5pm and it was "Kurt" from Funding Universe. I politely told him we would not be spending any more money with his firm. He would not take no for an answer, finally I said we were done and would not be using his firm's services. He responded with 'have you gotten your money yet?" I told him, in less than positive language, to stop bothering us.
I hope that is the last call we get from funding universe...what a scam!
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