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Cherokee Funding Atlanta Cherokee Funding Will Rip You Off and Take All your Settlement Money Atlanta Georgia
My name is Andrea Johnson. I was referred to Cherokee Funding by my attorney Mike Hostilo. Being in a car accident for the first time I didn't know what to do. I hired my attorney first as he is a big advertiser. During the course of my case I ran into financial problems. I researched the internet and found many companies that can provide a loan against my case. I told my attorney that I wanted to use a local company called Capital Financing because they terminated interest. No one could match their rates I told him. Instead he referred me to Cherokee Funding and the scum of the earth Reid Zeising and Chris Conifer. As we are left to trust our attorneys I did what he recommended and contacted Cherokee. I first felt like something was wrong when I was not asked to sign the contract. I asked my attorney if I could review the agreement and he said don't worry I have it handled. He asked how much I needed and I said $5000. Before I knew it without any contracts or any questions I was sent $5000. That was the good part, but wait. When time came to settle the case I owed $84,000, that's right $84,000. I immediately contacted the bar association in Georgia to report this. When I reviewed the contract I saw they charged $75 to send me money regular mail, $500 in origination fees, and all fees were added into the contract with compounding fees. If you don't know what that means, just pretend you made $5000 at work but your boss pays you 500% more. That would be great but imagine you borrow money and you owe 500% more that what you borrow. That's gangster, usuary, and illegal. After doing some research I learned both Cherokee funding and Hostilo are involved in a class action lawsuit doing the same to others. They purposely don't allow you to see the contract and I learned Cherokee has a horrible reputation in the industry. Chris Conifer has a criminal background and again will most likely end up broke and in prison after his class action lawsuit. His partner buys off attorneys according to the class action and pays attorneys to use his company. The reports claims he paid my attorney Hostilo $50k to refer his clients. What scum bags! Before you use any of these companies ask questions and don't agree to their contract if you have not read it. Do not take a loan if there is compounding interest, $75 to send money, ridiculous fees, hard to read contracts, and if it's Cherokee. They probably will be out of business before you read this but if not be aware and stay away.
2 Updates & Rebuttals
Consumer
Scottsdale,Arizona,
United States
Ken I tried to call you to let you know something
#3Consumer Comment
Wed, November 08, 2017
Ken I tried to call you to let you know something that’s going on that you probably don’t even know it didn’t take two seconds for you to hang up on me you have my number if reputation mean something to you I’m sure that you would call me back
Ken Hayes
Atlanta,Georgia,
USA
"Andrea", Give us a call for a FULL REFUND
#3UPDATE Employee
Thu, July 27, 2017
Dear "Andrea",
Your experience with Cherokee appears to be completely fabricated and we’d like the opportunity to set the record straight.
At Cherokee Funding, we want all of our customers to have a great experience. Cherokee Funding has helped thousands of people get back on their feet after serious injury. And, 99% of our customers come to us from referrals. Our reputation means everything to us. Literally.
We are super passionate about our customers. And, your post on Ripoff Report is a first for us. Normally, we’d be really upset that we badly disappointed one of our customers and we'd be doing whatever we could to make it right. This case is rather different.
1) we have no record of any customer with the name, Andrea Johnson.
2) it is not possible that we charged $84,000 for a $5,000 cash advance. No company would do that. That's outgrageuos.
3) we will provide you a FULL REFUND if you can provide proof of your accusations.
Based on what you wrote, it’s clear that this was personally directed.
If you are a real customer, please accept my apoloiges and please give me a call at 404-495-7400. We will give you a FULL REFUND.
Regards,
Ken