• Report: #337637

Complaint Review: ACCESS CAPITAL FUNDING GROUP, LLC

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  • Submitted: Fri, June 06, 2008
  • Updated: Fri, October 31, 2008

  • Reported By:Oostburg Wisconsin
ACCESS CAPITAL FUNDING GROUP, LLC
899 Logan St. Ste 510 Denver, Colorado U.S.A.

ACCESS CAPITAL FUNDING GROUP, LLC Their motto: Providing Alternative Financial Solutions for Small Businesses. $1,599 I've invested since 9/8/2007, still NO Financing! Was promised loan would be based upon my biz credit score, not my personal score. rip-off! Denver Colorado

*UPDATE EX-employee responds: Not their fault

*Consumer Comment: Access Capital Funding Group - Another Victim in WI

*Author of original report: REFUND OFFERED

*Author of original report: update

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On Sept. 3, 2007, I signed a contract with Andrew (VP) of Access Capital funding Group, LLC in Denver, CO. I also authorized (4) direct payments of $399.75, beginning in Oct. of 2007, totalling $1,599.00.
I also signed their "Personal Credit Restoration Program Contract," which gave them a "limited power of attorney," so thy could obtain information and improve my personal credit score.
I have had to further pay for all credit reports twice, and the cost of mailing them to them...this was not included in the fees.
I completed forms for Trade Accounts application, for my business credit building process to begin. I finally had to call Dunn & Bradstreet on my own to establish an account. I also had to apply on my own for my business trade accounts, Staple's, Office Depot and Quill. I received those business credit cards, and made several purchases, and paid them prior to being invoiced (as advised by Access Capital) however none of them have filed that positive credit information to D & B.
I have received no information on becoming an LLC, or incorporation of any kind, which would have seemed a likely step into establishing any such business.
I essentially have made all the efforts, paid their $1,599, and have to date...received nothing!
This process has been going on since Sept. 3, 2007. It is now June 6, 2008!
I have e mails to verify that I was to receive my business loan in the amount of $150,000 by Nov. 3, 2007, from Andrew Eikenberg, the Vice President of this ACFG.
Because of this, I made several business deals, and it caused a great deal of grief when I actually found out...that wasn't going to happen in Nov. 2007.
Now, I'm hearing, and I have all e mails verifying this, that they need to get my PERSONAL credit score up to around 720 before the financing will happen! "It's your past credit mistakes that are causing you problems, we can't help that!"
But at the time they sold me their "package," they assured me, this loan would be solely based on the business credit they helped me establish.
This company is deceitful and misleading, and I can assure you they fully plan on dragging this out until Sept. of 2008, at which time, they'll most assuredly tell me..."your contract has expired, and there is nothing we can do for you!"
I have repeatedly asked for a full refund of my $1,599.00, but I just keep hearing about how much work they've done for me, and they emphatically reply "there will be NO refund!"
I have countless e mails, and every single piece of correspondence I've had with these rip-off people saved in my file. Someone needs to STOP them from robbing the hard-working public of their money and their dreams of entrepreneurialship!
Fed-up and ripped-off in Wisconsin!

Swedishgirly
Oostburg, Wisconsin
U.S.A.

This report was posted on Ripoff Report on 06/06/2008 04:22 AM and is a permanent record located here: http://www.ripoffreport.com/r/ACCESS-CAPITAL-FUNDING-GROUP-LLC/Denver-Colorado-80203/ACCESS-CAPITAL-FUNDING-GROUP-LLC-Their-motto-Providing-Alternative-Financial-Solutions-f-337637. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

Not their fault

AUTHOR: Lulu - (U.S.A.)

It is NOT possible for Access Capital to hurt your credit...they pull the free reports from each of the credit reporting bureaus.
The only damage to your credit is done by you, by not paying bills.

Accept it is YOUR responsibility to read everything, it is YOUR responsibility to pay your bills on time.

This program does and has worked for hundreds of people...so why not YOU?
Maybe take a look at yourself before placing blame elsewhere?

No loans are guaranteed unless you comply with EVERYTHING...good business credit, good personal credit, current good standing with the IRS, etc.
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#2 Consumer Comment

Access Capital Funding Group - Another Victim in WI

AUTHOR: Xman007 - (U.S.A.)

I thought it important to add a WI victim to this Access Capital Funding Group post to keep awareness of this company HIGH.
Access Capital Funding Group continues to ripoff customers all over the country, but this is TWO from WI.

In search of business credit - never work with these guys! They promised to clear our personal credit reports and obtain a minimum of $50,000 in business credit. Neither has gotten accomplished. We counted on their success - and held off on pursuing any other credit for our business so as not to disrupt the credit clearing process (as they recommended) We only had a few months of current financing remaining - which has now been depleted with no new financing from ACFG! Not only did they get new 'Negative' additions to our credit reports, but now we are in a real jam and getting late payments reported because we put all our eggs in their basket and have no new financing.

So they caused our personal credit to go down by about 80 points from the low 600's (and rising) to mid 500's (and going down) - the result - no creditors will talk to us, and we continue to get further in the hole every month.

They've destroyed two years of positive progress we made on our own, to our credit. We may loose our house and have many years ahead of rebuilding to go through.

I've read the other complaints and all are very familiar stories. On the credit clearing effort - my wife had numerous discussions with them and we were told that they had a guy that had been in the credit report business (maybe Experion or other) and he had a 'secret' method to clearing credit. It was so 'Secret' that no one else in the entire company was allowed to know about it. So of course we asked if it was the standard dispute process but time and time again we were told that its not the standard dispute process, but a secret process that only this one person knew. Interviewing this one person was not allowed.

When we got our final credit report updates - all reported the results of what is the standard dispute process. - and all had a much lower score than when we started.

We initially got them to agree to split the payment over three months and have not paid all of them. I'd have gladly paid if they had done anything positive at all - but now I'm not paying. So they have reported us to Monterey Financial collections and I suspect it will only get worse from here.

Someone should through these crooks in jail. They've taken money from many, which is bad enough. But for us they've taken many years of a decent life from us. I can't even begin to explain the pain we feel every night thinking that we've been destroyed by their scam.

I wish I had seen this web site before we got involved with these guys earlier this year.

Randy
New Berlin, Wisconsin
U.S.A.

Somebody help put a stop to Access Capital Funding Group
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#3 Author of original report

REFUND OFFERED

AUTHOR: Swedishgirly - (U.S.A.)

I have been promised a complete refund of my $1,600 if I could remove this report from RipOff Report.com....however, I cannot remove this report. This information was provided by Courtney Krenz, the owner of Access Capital Funding Group. Today's date is July 18th, 2008.
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#4 Author of original report

update

AUTHOR: Swedishgirly - (U.S.A.)

I would like to add a copy of the "Letter of Guarantee" for the amount of $150,000 I was promised on Sept. 20, 2007 at 11:40am.
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