Ondeck capital Mislead Borrowers and guarantors of loans New york New York
Exploitation of the elderly
Fraudulent lending
predatory lending
State usuary laws
false advertising
misrepresentation of lending terms
Just to name a few. This company preys upon businesses looking for funding and misleads the consumers on what there actual APR. Will be. The employees are not trained and misinform potential borrowers on what the ceiling will be for these loans.
I know once paper work is signed it falls onto the lap of that borrower. But how do States allow these companies to prey upon struggling small businesses. This is a veteran owned business that hires veterans and minorities and provides a living for strong union families.
My fathers APR. On his loan is 70% and he took it desperate to keep doors open. And I understand desperate situations call for desperate measures but this is just fraud and our States should not allow it. Good luck to all you small businesses and please avoid this company like it was a plague.