Complaint Review: Transam Financial Services

Contacted Transam Financial Services in 2014 to factor invoices.  The sales representitive was nice but he was/is the only one.

After supposably getting invoices factored I was told to pick up my money where there was a place that did EFS

transfers, but I had to wait till after 6 pm  I drove to a station in my area that did this type of transfers and they had no idea what I was talking about  I had Suppposable numbers to complete this transact but the EFS people had no idea what I was talking about or what kind of check I needed. This was on Thursday evening and the people finally gave me a COMP check of some sort and was told to go to my bank to cash.  The banks were closed by now.  Waited till in the morning after I had drove all over our community trying to find somewhere that this type of check called Transam Financial and was informed that something was not right and they had corrected the problem and that my money would be there after 6 pm  LOL  no such check was issued for me and they TAFS could not give me a good transaction code but to wait till SAT morning to try and cash the check Guess what the check was not worth the paper it was wrote on  Which I was to fill out myself  Of course Transam is closed on Sat and Sun.  So I had to wait on Monday morning.  HA HA  finally got a quote "good comp check" took it to the bank and they laughed at me said they would have to hold it for 7 Days  Finally about 1 pm on Monday I got my money.  DumDum me do one more transaction with them and the same ole bullcrap and took 2 days to get the money then.

I want to cancel my account and TRANSAM refuses to do so and turns me into MC report as Fraud cause I don't want to use them anymore on any of my invoices BUT  Transam says they hold all Future funding on my invoices when in fact when you sign up with them it is clearly stated that you only have to factor invoices that you want with them not all of your invoices

Transam actions are of fraud and I WOULD not suggest that anyone use them. They perform deceptive business practices.