Complaint Review: World Business Lenders LLC - 0304936

 I will Repeat and Say DO NOT USE this Company!! This Company told me a lie from the begining of our loan and told me that I was wrong.

The Company told me that I would take a loan out for 40k and that I could pay it off without any early payoff penalty at all. I used my Property as collateral and I used the next few months finding a bank that wouold refinance it for me in which I did. I will also like to say that the guy told me that my monthly amount due every month would be $850.00 but instead it was $140.00 daily which means every day they took this money out of my account. After 3 months my bank said they would finance the loan for 60K so I went to them and said that I will be paying the loan off and the guy told me that you still owe us 35k for the 3 months which is about 865% interest in which I was never told that I would have to pay that high of an interest!!! I received a loan for 40k and paid them 60k in 3 months so I thought that we were done but NO!! They have been calling me from a Collection agency stating I owe $102,000 now because of Interest and late fees from the 35K I owed!! This place should be shut down ASAP!!!!!!

This place is made to take small businesses and ruin them and close them down after I told them before I did the loan with my Bank that they could take my Property if it was going to make my Business become ruined!! I am complaining because no one told me that I would be charged daily fees and that my interest rate would be 865%!!!!

I have reached out to an lawyer and I will be proceeding with proving myself right and that I DO NOT OWE THEM ANY ADDITIONAL MONEY SO IF YOU ARE READING THIS PLEASE PLEASE STAY AWAY FROM THIS COMPANY!!!

Dontay