- Report: #1372604
Complaint Review: Velocity Global Capital LLC - Nationwide
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Velocity Global Capital LLC
Nationwide, USA
Web:
www.velocityglobalcapital.com
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Velocity Global Capital LLC Scam Artists who tell you what you want to hear! New York Nationwide
Our company was looking for a means to expand our business. We get calls all the time from recordings of people trying to loan you capital. After speaking to a couple, we realized those companies weren't for us due to high interest rates and low loan amounts. Then Velocity called, a real person, Victor. After explaining what we had already been through, he said "oh, no, we are different, all of our lenders are in house and are looking to help out small business". Skeptical I listened to what he had to say and sent him my bank statements. After review he said "we should difinetely be able to get you close to $300,000 to expand your business and we range around 3-5% in interest depending on credit" and logged it memory bank to mull over although he couldn't give me any hard numbers without pulling our personal credit. 2-3 times a week, he or another associate called and bugged me from then on. Finally I said when I'm ready to move forward, I'll call you, stop calling me. Then it lessened to once every other week. This should have been my first clue. Then, wanting to get some hard numbers, I called my guy Victor. No reply for like 3 days. Then once he did call I said ok, I am ready to look into this a little closer and get something in writing. I said, my husband doesn't want his credit pulled, but I can provide you with an up to date credit report and he said that would work fine. So he had me fill out an application. To which it requested his SSN. To my complete and utter dumbness I entered it in, because it said it was required. Then faxed over my bank statements.
That evening my husband gets an alert from Experian saying a business loan inquiry for $300,000 was put on his credit which dropped his score by 50 points!! When I asked Victor why he said "oh they had no reason to, not sure why that happened sorry." Meanwhile my husband is livid pissed at me for giving out his SSN. Rightfully so. Then to top it all off they call and offer me $6500 at 15% interest!!! Are you flipping kidding me?! With Tier 1 (before they got ahold of it) credit, How did we go from "we can get you close to $300,000 for 3-5%" to "we got you $6500 at 15%"??? I'll tell you how, because they are a bunch of scam artists telling you whatever you want to hear to get you to sign on the dotted line. Please steer clear of them!!!
