Vader, its brokers, funders and servicers seek to entice you into merchant cash advance loans. They promoted the product as a way to establish credit history for my business and stated that the large fees would be forgiven at the halfway mark if the payments were all made on time and the loan was renewed.
After receiving $9,500 proceeds from a $10,000 loan and making about $6,000 of payments, I called to check on the balance and learned that the balance was still about $9,500, and there was no reporting to any business credit reporting institutions. If you call Vader, they say they read a script and blame it on their brokers.
If you call the servicers, they blame it on Vader. There is massive misrepresentation, no accountability and potential damage to your personal credit.
Vader Mountain Capital discriminates against the disabled and minorities. We have an online school for autistic, gifted and special needs students. We were told when we took the loan that if we ever had any issues to let them know and they would work with our loan repayment to make it more manageable.
Our school was doing great then we had a moment when our enrollments had decreased to a point where we could pay the daily amount they were pulling from our bank. We had talk to Vader to let them know what was happening but they REFUSED to work with us. They had lied to us when we had applied for the loan. They didn't care about helping us. All they cared about was how much money they were going to make off of the loan.
Vader continued to pull money from our bank account leaving us close to a thousand dollars in debt. Our bank blocked them but that didn't stop Vader.. They have three to four different accounts they used to pull money from. We would block one and they would hit us again with another. Over and over they did this making our debt with the bank rise even further. Our bank had no choice but to terminate the business account and give it a brand new account number, a number I will NEVER release to any loan officer again! VADER HAD ME SO TERRIFIED THAT THEY WOULD STEAL EVEN MORE MONEY FROM US I WAS AFRAID TO EVER USE A BUSINESS BANK ACCOUNT AGAIN!
I have had to get my lawyers involved. They read the contract between us and determined that Vader is at fault not us. Vader has used several collection agencies that have been told the same thing by our lawyers. Vader has broken the contract. Now they have filed a lien on our school for autistic, gifted and special needs. They don't care about our students or the work that we do. They don't care that we are an internet based business without any property in Texas. They don't care that we are a school. ALL THEY CARE ABOUT IS STEALING MONEY FROM SMALL BUSINESSES! STAY AWAY!!!!!!!!
Vader Mountain Capital Reviews
Vader, its brokers, funders and servicers seek to entice you into merchant cash advance loans. They promoted the product as a way to establish credit history for my business and stated that the large fees would be forgiven at the halfway mark if the payments were all made on time and the loan was renewed.
After receiving $9,500 proceeds from a $10,000 loan and making about $6,000 of payments, I called to check on the balance and learned that the balance was still about $9,500, and there was no reporting to any business credit reporting institutions. If you call Vader, they say they read a script and blame it on their brokers.
If you call the servicers, they blame it on Vader. There is massive misrepresentation, no accountability and potential damage to your personal credit.
Vader Mountain Capital discriminates against the disabled and minorities. We have an online school for autistic, gifted and special needs students. We were told when we took the loan that if we ever had any issues to let them know and they would work with our loan repayment to make it more manageable.
Our school was doing great then we had a moment when our enrollments had decreased to a point where we could pay the daily amount they were pulling from our bank. We had talk to Vader to let them know what was happening but they REFUSED to work with us. They had lied to us when we had applied for the loan. They didn't care about helping us. All they cared about was how much money they were going to make off of the loan.
Vader continued to pull money from our bank account leaving us close to a thousand dollars in debt. Our bank blocked them but that didn't stop Vader.. They have three to four different accounts they used to pull money from. We would block one and they would hit us again with another. Over and over they did this making our debt with the bank rise even further. Our bank had no choice but to terminate the business account and give it a brand new account number, a number I will NEVER release to any loan officer again! VADER HAD ME SO TERRIFIED THAT THEY WOULD STEAL EVEN MORE MONEY FROM US I WAS AFRAID TO EVER USE A BUSINESS BANK ACCOUNT AGAIN!
I have had to get my lawyers involved. They read the contract between us and determined that Vader is at fault not us. Vader has used several collection agencies that have been told the same thing by our lawyers. Vader has broken the contract. Now they have filed a lien on our school for autistic, gifted and special needs. They don't care about our students or the work that we do. They don't care that we are an internet based business without any property in Texas. They don't care that we are a school. ALL THEY CARE ABOUT IS STEALING MONEY FROM SMALL BUSINESSES! STAY AWAY!!!!!!!!