In January 2016, I applied for a business loan of about $52,000. I had previously worked with this company about 4 years ago and everything went smooth. I successfully received my checks in the amount of $14,000 and I was charged a fee of 5.9% out of the total checks received. I paid my invoice and everything went well so I was happy with them. Normally they charge balance transfer fees of 3% to 4% with no interest rates for 12 months or 18 months. I thought the same process will be repeated.
Presta funding issued 6 credit cards for me this time in the amount of $52,000 with balance transfer checks on some of them. I never used any of the credit cards because I was waiting for the checks to cash in so that I can I take advantage of the 0% interest rate for 12 months. I received the first check in March in the amount of $6,200, issued in February of this year, meanwhile, I had a call from the credit card company stating I had been delinquent on my account because I haven't been making payments even though I hadn't cashed out the check. I later checked my statement and realized Presta Funding had cashed out $4711.01 using their own company's name without informing me. I was showing a balance of $11,000 including the $6200 they had sent out to me. The check is still with me and it hasn't been cashed yet. I want to show it as evidence. My credit went into delinquent mode because I didn't know I owed money to the credit card company because Presta Funding never informed they have stolen money from my account. They are thieves and liars.
Right now, I'm left to make monthly payments on the credit card even though I never used any of the funds. This company is a fraud, No one should use their services to apply for any type of loan.
Presta Funding Group Inc Reviews
In January 2016, I applied for a business loan of about $52,000. I had previously worked with this company about 4 years ago and everything went smooth. I successfully received my checks in the amount of $14,000 and I was charged a fee of 5.9% out of the total checks received. I paid my invoice and everything went well so I was happy with them. Normally they charge balance transfer fees of 3% to 4% with no interest rates for 12 months or 18 months. I thought the same process will be repeated.
Presta funding issued 6 credit cards for me this time in the amount of $52,000 with balance transfer checks on some of them. I never used any of the credit cards because I was waiting for the checks to cash in so that I can I take advantage of the 0% interest rate for 12 months. I received the first check in March in the amount of $6,200, issued in February of this year, meanwhile, I had a call from the credit card company stating I had been delinquent on my account because I haven't been making payments even though I hadn't cashed out the check. I later checked my statement and realized Presta Funding had cashed out $4711.01 using their own company's name without informing me. I was showing a balance of $11,000 including the $6200 they had sent out to me. The check is still with me and it hasn't been cashed yet. I want to show it as evidence. My credit went into delinquent mode because I didn't know I owed money to the credit card company because Presta Funding never informed they have stolen money from my account. They are thieves and liars.
Right now, I'm left to make monthly payments on the credit card even though I never used any of the funds. This company is a fraud, No one should use their services to apply for any type of loan.