- Report: #1532755
Complaint Review: Coconut Funding - Newport Beach California
Reported By:
Richard -
Boca Raton, Florida, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Coconut Funding
100 BAYVIEW CIR, SUITE 200 Newport Beach, 92660 California, United States
Phone:
949-200-8277
Web:
https://coconutfunding.com/
Categories:
Business Rating:
(0)
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Coconut Funding Scam Company Loans Expecting 100% Interest and Very Unprofessional Newport Beach, California
Firstly, I must say that the individuals I've dealt with are the most unprofessional and rudest I've encountered in my decade-long industry experience. With over 40 years in business and currently consulting for various clients, I reached out to inquire why my client's ACH withdrawals had ceased (likely due to a contract clause threatening a $10,000 lawsuit for missed payments). Repeated hang-ups met her calls for clarification, and I received a barrage of curse words from Jack regarding the matter. They charged my client an exorbitant 97% interest rate and imposed an additional $10,000 penalty. These individuals are deplorable, seemingly raised with no respect for anything beyond their ruthless pursuit of money. I have resolved to cease all interactions with them and have counseled my client to safeguard against such predatory behavior. In an industry rife with scams, it's disheartening to encounter such conduct.
1 Updates & Rebuttals
Irv
United StatesCutting To The Chase
#2Consumer Comment
Fri, May 31, 2024
Did you READ the contract which governs this arrangement? Was it read BEFORE agreeing to its terms? If what they allegedly did is according to the agreed to terms, they did nothing wrong. If it isn't then please enlighten us.
