Complaint Review: Discount retail store services

I am a 12 year United States Navy veteran, and I had the dream of owning a business. As many people the idea of having a piece of mind and financial independence was very attractive to me. Discount retail store services (DRSS) definitely ruined that positive perspective of entrepreneurship for me and many others. I started working with DRSS when I was a contractor in Afghanistan in 2013 and was totally preyed on because of my credit score “760”. They make money off good hard working citizens who reached a point of their lives where they have money in the bank and possess excellent credit. You have to have at least a FICO score of 730 to even do business with DRSS. I was misled and lied to in order to fulfill somebody’s financial greed. I was informed that they did everything in-house and had great relationships with different financial intuitions for me to get funding. They said to me “we work for you and we are on your side” , but actually they were destroying me from within . 

I was told that they would get me a business loan and even help establish my business credit. With their “in and out” mentality I was passed down to the finance department and then passed to Seed Capital. I was informed by “the professionals” that Seed Capital would be securing funding for me, but I had to pay Seed Capital $4,000 to start the process. I was misguided to believe I was getting a business loan and lines of business credit. After I started working with Seed Capital  they started to apply for 10 different credit cards. So when I asked why so many ,I was told it was for working capital . I thought that was very strange ,but maybe it was good to have that on reserve. After being rushed to find a location to secure, I was still waiting to hear something about the actual business loan . There was no business loan, the credit cards were your loan. There was no business lines of credit, it was all personal credit. I had already signed a lease for the building and felt deliberately misled to continue.  It felt tremendously irresponsible, and that was not a typical practice of a person with a 760 credit score. I asked DRSS what would this do to my credit and was told it would drop about 30 points. My credit score dropped to a 520. If I would have known about this I would have never agreed to this mismanaging of funds. When my store opened my credit was so exhausted I could not get any type of loan for working capital. There wasn't any “REAL” support from DRSS. They put me so much in debt before I even open there was no chance for true success. I struggled for 6 months and had to close my store for good. Later I had to file bankruptcy because of the tremendous hole I was thrown into. I lost everything I worked for my whole life in 6 months. It is 50 people all over the country who have done business with DRSS and we all share the same story. Meanwhile DRSS  is laughing on their way to the bank. BEWARE!!!!