- Report: #564142
Complaint Review: CapNet Leasing Corporation - Burbank California
Reported By:
LYLE S -
KAUKAUNA, Wisconsin, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
CapNet Leasing Corporation
2600 West Olive Ave. 7th Floor,Burbank,CA 91505 Burbank, 91505 California, United States of America
Phone:
877-980-0558
Web:
CapNet Financial Services, Inc.
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
CapNet Leasing Corporation Maxim, AEL Financial, Financial Pacific Leasing, Axis Eric Slegel promised $100,000.00 at low interest. Turned out to be 62%!!! Burbank, California
When our company needed some financial help, CapNet sounded like a really good deal. All Eric did was farm out the loans to the others mentioned. One of the loan's interest rate is 62%, another 43%, and another at 37% and 39%. These loans are all non-cancelable agreements. This means that we cannot pay them off early. A $262,000 loan will now cost $680,249 to pay off. If the loan is a five-year loan, you will be obligated to pay ALL of the taxes and ALL of the interest even if you are able to pay it off in 6 months.
This was an awful tough lesson. Don't ever be taken in like we were. They are nothing but crooks!
This was an awful tough lesson. Don't ever be taken in like we were. They are nothing but crooks!
