- Report: #1298262
Complaint Review: Jeremy Zigman - Internet
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Jeremy Zigman
Internet, USA
Web:
businesscreditapproved.com
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Jeremy Zigman Business Credit Approved, Corporate Consulting Sneaky, deceitful, uncommunacative Internet
First of all, to be fair, I have read the comments that say Business Credit Approved didn't do what they promised they would. In my case, they did. They promised business lines of credit that can be either personally guaranteed or not. They delievered on both of these lines and got me funding from each source. In that sense, I guess I can't complain too much, although it definitely took a lot longer than the 30-90 days they promise.
With that being said, I would turn away from these guys and go somewhere else!! It's not neccesarily the service that is the problem, but oh my God do they rob you in fees! They nickel and dime and get fees in almost any way they can. And let me tell me you, they're not cheap fees! I don't know if it's a good thing or not, but I stuck it out and went through about 1 year with these guys, paying the $197/month "coaching fee", and that's only the start. I got a total of about $180k between personal guarantee and non-personal guarantee funding, and paid a total of about $45,000 in fees. That's an astounding 25% in various fees! And they hide them deep in the terms of service contract so you'll probably miss them, but I'm sure the already have the paperwork highlighted to throw back in your face when you say you didn't know about that fee. In fact, every time they send an invoice, it comes with a terms of service that you signed with the appropriate section highlighted to remind you that you SHOULD have seen it.
Before I started the program, I asked time and time again exactly what the fees are, because I didn't want to have something like this happen. I got the fees confimed by Jeremy Zigman and thought I knew what I was getting into. Surprise, surprise. He did not tell me all the fees, I guess only what he wanted me to know.
Bottom line, if you're looking for some funding, you can find it through these guys. But beware, it will not come very quickly, and it will definitely not come cheaply.
1 Updates & Rebuttals
Watch out for Non-PG!!
#2Author of original report
Thu, April 07, 2016
Be careful!! When using Jeremy Zigman's Business Credit Approved program, watch out for the no-PG lines of credit. They will apply you to some stores where you just use your company name and do not have to sign as personal guarantor. That's all well and good, but what they don't tell you is that several of these accounts are payable IN FULL when the bill comes at the end of the month. So, if you were planning to make a big purchase/borrow money off these cards and pay back in time, think again! When the bill comes at the end of the month, you owe the entire balance! If you can't pay it all back, there goes your company's good credit that you just spent all this time and money on in order to receive this funding in the first place! But Jeremy and his team don't tell you that when they apply for these accounts in your company's name. And why would they, even though you can't really use them for very much they still get to charge you for the approved lines! Calling the company "Corporate Consulting" is awfully generous, since they don't really consult on much. Yes, they do tell you how to get approvals and help you get them, but they don't tell you a lot more than they do tell you. They just send you a whole bunch of applications to fill out and sign without really telling you what each account is all about.
