Direct Capital Corp. Bait and Switch, Liars, Misleading on all accounts, Stay far, far away! Portsmouth New Hampshire

In a rare moment of weakness, I took a phone solicitation, primarily to ask them to stop calling. The caller managed to get me to listen to part of his pitch. He promised he had credit available at very reasonable rates. I told it had to be in the low teens or go away. He said: “no problem”.  1^st lie.  He also tried to pitch factoring of my credit card receivables; I know a loan shark who has better terms than these sharks offered! I told him to forget about it. The best deal he offered was a loan based upon the average balance in our checking account and he promised a reasonable rate. 2^nd lie.  All I had to do was send them $395 for the credit application and processing. What he didn’t say was that there were all sorts of restrictions on this line of credit and that with a two minute conversation we could have figured out I wouldn’t qualify, but no, looking out for his own interest.. not the customer.. he took my money.

The next day he calls with the bad news that I didn’t qualify and then proceeded to offer me a credit card factoring rate of 40%! When I demanded my money back he said I should be happy to leave my account open so that they would be able to make more offers like this to me in the future.

I know that credit is very hard for a small business to get these days, but these are not the kinds of people we should be turning to. They make a lot of promises but never come through with any of them.