- Report: #880287
Complaint Review: Universal Funds - middletown Connecticut
Reported By:
former employee -
, Connecticut, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Universal Funds
360 main st. middletown, 06457 Connecticut, United States of America
Phone:
8603430826
Web:
www.universalmerchantsolutions.net
Categories:
Business Rating:
(0)
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Universal Funds, Universal Merchant Solutions, Sammy Ramos, Ross Balula, Romi Merchant Services This company is taking advantage of vulnerable merchants and using bait and switch schemes to steal money. middletown, Connecticut
This company takes advantage of merchants who are experiencing financial hardships. They have telemarketers who contact merchants and lie on the phone to them telling them they are approved for money at an extremely low rate. Then they move the phone call to a sales person who continues to lie to the merchant. They trick you into signing paperwork that states they can take money out of your account. They will tell you "only once approved" however, this is a lie. Since the owner is a direct lender he will say something along the lines of "you were only approved for 2,000." even though they took as much as 795.00 out of your account after they claimed to be able to get you 10,000-20,000. The 2,000 will be on a 1.45 factor so you would be paying back 2,900. When they first contact you they will tell you they can get you 10,000 paying back 11,800 but this is a complete lie. I worked there for months and never saw anyone get approved for these types of rates. All the fees are non-refundable even if they decide not to move forward with lending you money. I am writing this to warn everyone out there not to work with this company. BEWARE!
