- Report: #1228790
Complaint Review: Seed Capital of Nevada - Internet
-
Author Not Confirmed
Why?
Seed Capital of Nevada
Internet, USA
Phone:
1-899-988-7333
Web:
www.seedcapital.com
Categories:
Business Rating:
(0)
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Seed Capital of Nevada Eric Johnson Worked with Bricks 4 Kidz to prey on owners who purchased the business Nevada
I purchased a Bricks 4 Kidz. I was told it was a quick return on investment, with Seed Captial I could get the money on Credit Cards and with zero interest, what balances were not paid off, we could roll the credit cards over into another zero balance. Seed Capital ran up $120,00 in credit use for me to use to purchase the B4K franchise. Eric Johnson was the person whom I paid to be my financial counselor. He ended up running me around in circles, and really did nothing to help when I could not roll the balances over.
The worst, is Bricks 4 Kidz Franchisor was selling franchises that only make 12% successful businesses. The business model did not work. I was bankrupt within a year. The Credit Cards were doubling in monthly payments. Who would want to purchase a business with a 12% success rate.
I recorded one girl telling me how to do the credit cards, they actually opened a few in my name and end me the information. I would love for a goverment agency to get onto these scammers.
There are many Bricks 4 Kidz owners in the same boat due to working with B4K corp who was STEERING us to Seed Capital. I was a quick return on investment for Seed Captial and B4K the rest of us are out $50.000 and above.
1 Updates & Rebuttals
ThorsHammer
Antioch,California,
USA
No One By That Name Here
#2UPDATE Employee
Fri, May 22, 2015
I am not sure why the fact that Bricks 4 Kidz has a 12% success rate is in this ripoff report. If you knew that it only had a 12% success rate, why did you move forward in purchasing it? Wouldn't that have saved you from having to borrow from anyone and/or if you found a franchise that had a better success rate, then you would have been able to pay back the money borrowed and not complaining that you basically put yourself in debt?
When Toyota was having a problem with the Prius' brakes, did the owners of the car blame their financial institution for lending them the money to purchase the Prius? Or did they blame Toyota? You should blame Bricks 4 Kidz for your financial problems. Not Seed Capital.
