26, Report:
#779614
Posted Date:
Sep 21 2011
Five Point Capital Same as everyone else - bait and switch, $1 payoff ends in additonal year of rent. CROOKS! San Diego, California
DO NOT WORK WITH THESE PEOPLE - THERE ARE PLENTY OF LEGITIMATE EQUIPMENT FINANCE COMPANIES OUT THERE!I am an attorney representing my clients, who leased pedicure chairs and flatscreen tv's to start their small business nail salon in 2008. They entered into a 36 month lease fo...
Entity
Categories: Financial Services
27, Report:
#662816
Posted Date:
May 21 2011
![](https://www.ripoffreports.com/report-images/45*34/docs/a3e8fd57-6a20-4144-a223-322087f530c0.png)
Five Point Capital Pokes Fun At Deceived Customers San Diego, California
I used to work at Five Point Capital as a Funding Coordinator. I left the company once I realized how shady these people were, and haven't looked back. However, I recently stumbled across a photo taken at Five Point Capital's Halloween party last month and wanted to shar...
Entity
Categories: Loans
28, Report:
#661194
Posted Date:
Nov 12 2010
Metal Technology LLC We bought a CNC Machine Jan. 2006 for 30000. We have paid 48778.80 total to date to them, NOW they want 16530.66 to payoff with only 2 payments left. Stay away for this company. I AM MORE THEN WILLING Richland, South Carolina
Five Point Capital Scam!!! We used them to buy a machine for our company in Jan. 2006. After making 58 out of 60 payments on a lease, we started to get info on our last payment to them. Now with only 1622.48 left on our note they sent a payoff of 16530.66. Th...
Entity
Categories: Loans
29, Report:
#646373
Posted Date:
Oct 01 2010
five point capital Don't believe the $1.00 buy out San Diego, California
I got a call 5 years ago from David Beckman. He told me of a great lease option for my business. I could lease equipment and at the end of the lease buy it for $1.00.
So I took him up on the offer. Pick out a pickup truck. He sent all the paper work to the dealer and I had to sign...
Entity
Categories: Financial Services
30, Report:
#249754
Posted Date:
Sep 11 2010
Five Point Capital Still fishing for business with the pre approved hook San Diego California
Five Point Capital has not changed their sales approach of fishing for new customers as was originally reported 1/24/2006 Rip Off Report.
I am a small business owner. I got a letter January 2007 from Five Point Capital which stated that my business was pre approved for a $100k le...
Entity
Categories: Financial Services
31, Report:
#639468
Posted Date:
Sep 10 2010
Five Point Capital scam Internet
Please help!
About 4 years ago I entered into contract with Five Points Capital, which is a registered corporation in the state of California, #603A*** under false pretense. I was promised the equivalent to a 10% finance rate for the 4 year term and a $1.00 buyout at ...
Entity
Categories: Loans
32, Report:
#603496
Posted Date:
Jun 29 2010
FIVE POINT CAPITAL BAIT AND SWITCH, Internet
DONT lease any thing from five point capital, san diego, ca 92121
they tell you can you have a one dollar buy out at the end
of your lease. not true. they ...
Entity
Categories: Financial Services
33, Report:
#436269
Posted Date:
Jun 28 2010
Five Point Capital, FIVE POINT CAPITAL bait and switch thieves BEWARE! San Diego California
theses guys are crooks, they would steel from their own grand-mother,I did two ten thousand leases with these folks, then told me it was a one dollar buy out at the end of the lease, not true, they preach 1 dollar buy
out one the phone. but they sent you papper work for a fair ...
Entity
Categories: Financial Services
34, Report:
#612507
Posted Date:
Jun 23 2010
FIVE POINT CAPITAL EQUIPMENT LEASING Fraudulent Sales Practices San Diego, California
Don't Do Business With This Company !!!!
Five Point Capital uses the Bait and Switch tactic. They are a leasing
company and verbally promises a $ 1.00 buyout at the end of the lease. But in
the contract they actually keep the equipment and in order to get it at the end,
y...
Entity
Categories: Loans
35, Report:
#472078
Posted Date:
Jul 22 2009
Five Point Capital / Lyon Financial - Herbert Ferandez, James Hansen They Lied, They ripped me off, They are all out Fraudulant, and they are going to H*ll! San Diego California
I was sold on financing my truck with a lease to own contract, by Herbert Ferandez, Five Point Capital, instead of taking out an auto loan. The benefits of the lease to own contract were supposed to be to build business credit, not to use up personal credit on company equip. and veh...
Entity
Categories: Loans
36, Report:
#468039
Posted Date:
Jul 10 2009
Five Point Captail And Pentech Switched, lied etc. Manchester Internet
We recieved a credit card in the mail from five point capital offering a line of credit. We sat it aside but after finding a piece of equipment we could possibly use we contacted them. They said the process would be easy because the company was pre approved. So we moved forward. Fiv...
Entity
Categories: Credit & Debt Services
37, Report:
#467647
Posted Date:
Jul 09 2009
Five Point Capital Unauthorized Account Creation San Diego California
I received a letter in the mail today from FivePointCapital.com - with an account card that appears to indicate that they have already established an account in my name - which I DID NOT AUTHORIZE. The card is made to resemble a Debit/Credit card - but is in fact a membership card ...
Entity
Categories: Financial Services
38, Report:
#428535
Posted Date:
Feb 26 2009
Pentech Financial & Five Point Capital pentech & five point capital are fraudulent thieves they will take money from your account without concent. 910 East Hamilton Ave, Suite 400 Campbell California
I own a tree company in michigan and used five point capital to finance a new bucket truck. they told me i would have a credit line of $100.000
after i was approved for the credit line and went out to buy the truck it turned into a lease. and was sold to pentech financial.
i fou...
Entity
Categories: Bait-and-Switch
39, Report:
#385257
Posted Date:
Oct 27 2008
Five Point Capital - Pentech Financial DO NOT DO BUSINESS WITH THESE PEOPLE - BAIT & SWITCH!! Ripoff San Diego California
I received a promotional letter in the mail stating I was approved for $100,000 in financing for equipment purchases for my company, at first I disregarded it but at that time I was shopping for a new vehicle for my company. I then decided to call and find out what this was, my poin...
Entity
Categories: Loans
40, Report:
#343768
Posted Date:
Jun 24 2008
Five Point Capital Credit Gains LLC Scam five point capital scam ripoff San Mateo California
A gentleman who identified by the name of Brian Weil called me from this company to introduce a revolutionary five point capital credit gain mortgage program. I am currently with Washington Mutual on an 8.6% program. Somehow Brian knew about this.He offered that I join their five p...
Entity
Categories: Mortgage Companies
41, Report:
#245626
Posted Date:
Apr 09 2008
Five Point Capital & Pentech Financial DO NOT DO BUSINESS WITH THESE PEOPLE - BAIT & SWITCH!! Ripoff San DIego California
My father was sent a $100,000 pre-approved line of credit from Five Point Capital. After several months he decided to use it to purchase 2 machines. Spoke with Nicole Clouse and dealt with her for all paperwork, etc... The equipment total was just under $100K and he put 2 payment...
Entity
Categories: Financial Services
42, Report:
#241135
Posted Date:
Mar 28 2007
Five Point Capital lie, liars. cheats. misleading, stupid, fred freddy cruz ripoff San Diego California
These guys hounded and solicited me for 2+ years, nd when it cam time to fund they backed off.
I had in writing a $100k Line of Credit approval, and when i went to utilize it thay sid it was not valid!
Fred Cruz is the rep i dealt with, nd he told me i would get a firm quote Feb 1...
Entity
Categories: Loans
43, Report:
#232222
Posted Date:
Jan 23 2007
Five Point Capital Ripoff San Diego California
I received a letter from Five Point Capital Fraud Prevention Services regarding my account at Five Point Capital. I never had an account and called. I spoke with Jason Osiecki who was both rude and unhelpful. This company chooses to market using misleading and fraudulent mailings. H...
Entity
Categories: Financial Services
44, Report:
#210350
Posted Date:
Sep 11 2006
Five Point Capital ripoff San Diego California
Seriously unprofessional people at Five Point Capital. I already knew that the platinum $100K credit line card they mailed me was bogus, but I was by no means ready for the MOUNTAIN of paperwork they wanted from me just to get approved.
Finally, when we did get approved, the scu...
Entity
Categories: Loans
45, Report:
#198031
Posted Date:
Jun 27 2006
Five Point Capital Breach of contract, deceptive lending practices ripoff San Diego California
I am selling a semi truck, that I have posted on the internet.
I was contacted by a would be buyer, We went thru the whole process and he stated he wanted the truck.
He went looking for finacing and chose Five Point Capital.
I was contacted by Jimmy Parkhill from Five Point C...
Entity
Categories: Loans
46, Report:
#173107
Posted Date:
Mar 07 2006
Five Point Capital Bait and Switch Dishonest Company ripoff San Diego California
I am a small business owner. I got a letter from Five Point Capital which stated that my business was pre approved for a $100k lease line of credit. When I called Five Point, I spoke to Nicole Clouse who was my account exec. She said that I had been approved for the loan and I just ...
Entity
Categories: Loans