Complaint Review: Teleten Marketing - Lenderdesire Teleten Loans MortgageMallOnline USnationwidemortgage - Los Angeles California

TELETEN MARKETING

OLD ADDRESS:

3250 WILSHIRE BOULEVARD, #210

LOS ANGELES, CA 90007.

NEW ADDRESS:

3550 WEST 6th. STREET #303,

LOS ANGELES, CA 90010.

1-800-759-7152 EXTN: 222

OWNER:

DAVID ALEXANDER ALIAS DAVID BUDDAN

23803 STANHURST AVENUE

TORRANCE, CA 90501

CELL #: (213) 359-2779.

HOME #:(213) 509-5525.

EMAIL: [email protected]

WEBSITES: www.teletenmarketing.com, www.loandesire.com, www.lenderdesire.com, www.teletenloans.com, www.usnationwidemortgage.com, www.mortgagemallonline.com, www.universallist.us

RELATED ARTICLES ON THE WEB:

http://www.ripoffreport.com/reports/ripoff173516.htm

http://www.badbusinessbureau.com

KEYWORD TO SEARCH ON WEB: TELETEN MARKETING RIP OFF

WHAT THEY DO BEST : LIE, RIP-OFF, SCAM, FRAUD, STEAL MONEY!!

Customer Testimonials:

I still do not have my leads or my money back. Linda is a double talker and Brian has out right lied to me. I have not gotten a response from my last email. I am documenting all of this.

- Charlie Brinkman

You can Run but you CAN'T HIDE!!!!!!!!!!! We'll find you, that's a guarantee!!!!!!!!!!!!!!!!!!!!

Tom Purcell

Pinnacle Mortgage Group

Anaheim Hills, CA

(714) 921-0887

www.lowratesonline.net

"Celebrating our 21st Year

Helping Home owners Realize their Dreams"

I need someone to contact me about my account. I have not received the leads that I was promised or been refunded my money that I have requested for lack of meeting the contractual agreement. If someone does not contact me immediately, I will have my attorney contact you and I will file complaints with the Better Business Bureau, the Pennsylvania State Attorney General and the California State Attorney General. I need some satisfaction to this immediately. I have been ignored now for months.

Gregory A. Zembower

President

Office: 717.737.6601

Toll Free: 877.737.6601

Fax: 717.737.0896

mailto:[email protected]

Mr.David Alexander

This will be my last attempt to contact you. I have spoken to Ken Lewis, Shelia, Joanna,and lastly Robert Lee. As recently as this morning I spoke to Mr. Lee he assured me that he would call me back within 15 minutes. It is now 8 hours later no call. I contracted with Mr. Lewis for 10 sub-prime leads plus 5 additional leads that were offered by Mr. Lewis as an incentive for future business. Based on Mr. Lewis's assurance that I would receive the leads and would be happy with them I cancelled leads from other sources. It's now going on three weeks and many many phone calls to you and other people that work there. The first three leads I received were A paper leads not what I was promised. A week later I received four of what were called sub-prime leads. I called all of them immediately one said no right away, I faxed that one back to your co.

I have not been able to reach any of the others I call three times per day. I mailed in my check as Mr. Lewis requested and basically have received nothing in return. I will give you one more day to either fax me the great leads sub-prime that Mr. Lewis promised me or my $485.00 back. If I don't receive any thing , I will call every regulatory agency that I can, the better business bureau and will file a law suite for fraud. Fortunately for me my son is a lawyer. Never in the ten years that I have been in the loan business has this happened to me before. You should be ashamed treating potential clients like I have been treated. If I had spent as much time doing my own telemarketing as I have trying to reach some one at your co I would probably have some good leads by now.

Thanks

Ken Kraft, West Coast Mortgage. Here is my phone number just in case you have a change of heart and decide to call. 661-287-3536

I have been calling and calling and leaving messages for anyone to call me back that has some type of charge. We are three weeks into this 100 lead campaign. We have received a total of 7 leads. At this rate, it will be a year before we get through it. Moreover, Robert Lee has broken his promises about calling me back, not getting leads on a large number of specific evenings, and never being able to tell me why, always passing the buck on the TSR dept.

This type of bad business behavior has been going on since we sent you our cashiers check 4 weeks ago.

Will someone who has a vested interest in getting my business please call me today!?!?!?!?

Thanks, Ron Beheyt and Bill Weber

Partners of Landmark Financial Services

[email protected]

Please send $1500.00 the remaining portion of my refund as soon as possible. Brian Brown has been taking care of my account, as you guys have been sitting on my money. I have been struggling to get my money back from you.

Copy of this E-Mail has been forwarded to my lawyer.

Saeid Riazi

Mandys global loan

760-599 8682

Kim Burge

Director of Trade Practices KIM'S CATCH OF THE DAY

TELETEN MARKETING

HERE'S THE CATCH: Mortgage lenders pay for leads, but the leads they receive lead to dead ends and their recovery attempts lead nowhere. The only real lead Teleten provides, it seems, is to lead them on.

Teleten Marketing, of Los Angeles, contacts mortgage lenders, frequently by fax, offering to sell them leads of consumers who are interested in refinancing, getting cash out, or getting a variable interest rate loan. The promise of an agreed-upon number of leads, delivered within five minutes of the time Teleten talks to the prospect, apparently looks worthwhile to lenders who would otherwise have to develop leads in other ways.

There are other advantages, too: According to one of Teleten's solicitation faxes in our files, the leads are "prequalified." Another fax describes them as the "perfect lead!" because the borrower has given permission for you to "run their credit and call them back." They state that their prospects lists "have been scrubbed" against the Do-Not-Call List. And they claim that their clients "are funding over 25% of the leads we provide."

On their website, Teleten says they can generate 10-150 leads per day for your company, and they promise not to give to any other company the lead they give to you. Though the price ranges from $22 each for 501 to 1,000 leads to $30 each if you want only 1 to 50 leads, the company will replace or refund what you paid for any leads found to be invalid.

"A perfect 10," concludes the website's introduction, is what you can expect with the company's "[o]ver 150 years of combined experience in telemarketing services, [t]he ability to acquire new customers and to keep the existing ones happy, [and] [e]xcellent business practices, . . ."

The company's contract also describes the parameters of the leads to be supplied. For example, it sets forth states in which the leads must reside and area codes within those states, as well as prefixes to be omitted. And it describes the types of mortgages (such as refinances, new purchases), credit profiles, interest rate ranges, etc., that must apply. It promises to issue a chargeback if the lead does not fit the parameters, if it is faxed during off-hours of the operation, or if the phone number is incorrect.

The 264 complainants against Teleten so far, though, would probably rate Teleten a "perfect zero." One complainant, who paid $2,600 for leads, for example, alleges that only a quarter of the leads were delivered and that, of those, three-quarters did not meet the agreed-upon criteria for leads. During the two months he tried to resolve his complaint with Teleten, he says "everyone claims they do not have the authority to do anything. At that point, they promise to resolve the situation and never call back." He estimates 50 attempts to contact Teleten during that time.

Although one complainant describes their representative as "extremely polite" when he first called in response to Teleten's fax, and although he made the effort to meet with the representative in person before he cut the company a $2,800 check, he later complained that he had received not one lead nor a phone call to explain why. Indeed, another mortgage lender who complains that phone numbers and other information about the leads were often incorrect, also complains that the company refused to give him credit for those leads and called him a "poor salesman because I couldn't sell those leads."

As to selling leads to one company only, a Rhode Island complainant who paid Teleten $1,750 learned from the lead herself that, although only one marketer had originally contacted her, two others had already called to sell her a loan.

PLEASE FORWARD THIS WEBSITE ADDRESS TO YOUR FELLOW MORTGAGE BROKERS AND INDUSTRY PROFESSIONALS, SO THEY DON'T GET CHEATED BY TELETEN MARKETING.

Brian

Los Angeles, California
U.S.A.