• Report: #847342

Complaint Review: Interstate Capital Corporation

  • Submitted: Thu, March 01, 2012
  • Updated: Sun, March 25, 2012

  • Reported By: Godson — Columbia South Carolina United States of America
Interstate Capital Corporation
Internet United States of America

Interstate Capital Corporation ICC Backstabbing, cheating, factoring company, Internet

*REBUTTAL Owner of company: Response to this report and other comments

*General Comment: In response to this report and comments

*Author of original report: Response to Cliff Eisenberg's lies

*Consumer Comment: Totally agree with the author...ICC STINKS!!

*Consumer Comment: Totally agree with the author...ICC STINKS!!

*UPDATE Employee: Complaint against ICC is untruthful and misrepresented

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Cliff Eisenberg, is a piss poor business man, with his yellow teeth is out to steal truckers hard earned money.  This clown uses Wal-Street tactics in contracts to defraud his own clients. Interstate Capital Corp - ICC promise to factor clients at a higher percentage of 5% WITH NO RECOURSE, but as soon as someone fails to pay, they will turn on their clients like rabid dogs using any fraudulent, unethical practice they deem necessary. 

To date, I was not paid for three loads that we hauled for a brokerage firm.  I am still in litigation concerning the debt that ICC promised to manage and go after when I initially enrolled.  This poor excuse of a CEO of this shady business Interstate Capital Corp (ICC) promised me in writing that he would deduct $350 from every load that I factored to apply to the debt until the case that I have pending was settled or the debt was zeroed out. 

It was brought to my attention the day after we made this agreement in writing that a brokerage firm that I never factored in the past with ICC received a letter that I signed with ICC almost a year ago for factored accounts, instructing them to pay ICC and not me.  I called my current account representative and she consulted with the CEO regarding the letter. 

The next thing I knew, I got an email from him that changed up our entire agreement, stating that the deductions were only for current accounts and that any other debts that he could dig up he'd steal without my consent by faxing this letter to them to pay the debt off.  When I reminded him of the agreement we made in writing, he got upset and told me that he no longer wanted to do business with me and that he would continue to fax these letters to every  broker in town to get his money back.

These people are crooks and their word means absolutely nothing!!  They will turn on their own clients that have already been victimized by freight brokers in order to gain a quick buck.  If you want to factor your freight bills go with a reputable bank...NOT THESE GREEDY GRASPERS AT INTERSTATE CAPITAL CORP OF SANTA TERESA, NM...IT WON'T END WELL FOR YOU.

This report was posted on Ripoff Report on 03/01/2012 06:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/Interstate-Capital-Corporation/internet/Interstate-Capital-Corporation-ICC-Backstabbing-cheating-factoring-company-Internet-847342. 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:
1Author 4Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Response to this report and other comments

AUTHOR: Trucking Company - ()

First of all, I want to thank Divinity Transportation or whoever  filed this ripoff report for the information about this factoring company.  As to the  ICC factoring company's response to the report, he just confirmed his incompetent employees and how poor this company operates. Eisenberg's response is that Divinity Transportation sold invoices that he knew were not going to be paid? Well as far as I know with my experience with other factoring companies. When a factoring company receives an invoice from a trucking company, the factoring company confirms with the brokerage company that the invoice and amount due is correct before buying and paying invoice to trucking company. With this said, ICC does not practice this and I believe attacking Divinity by collecting his money through other hauled loads is  the way he covers his own stupidity. 

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#2 General Comment

In response to this report and comments

AUTHOR: Always Trucking - ()

I just want to express my opinion for the benefit of any future possible customers of ICC. First of all thank you so much for this rip off report. This is very informative information. From my experience in any type of business or contracts that I have signed, I have learned to take complaints from consumers seriously. Mr. Tillman is right when he says that the first thing that factoring companies do before handing out money or purhasing an invoice is verify that the load was shipped successfully and the amount claimed to be owed by the broker is correct. So what the ICC representative states makes no sense. Also when a broker has received letter of assignment from the factoring company, there is no way Mr. Tillman can directly invoice the broker without the factoring company knowing what loads Mr. Tillman has been hauling and then the factoring company claiming they did not know anout other loads and damages owed to broker. What i do know is that factoring companies lie too much. Just the simple fact that there is an angry customer out there claiming lousy service, lies and stealing money from their business. should be good enough information to not even attempt to do business in any way whatsover with ICC. I say "Better safe than sorry." Thanks for the info whoever report this company. I will keep their name in mind and for sure will spread the word about their unhappy customer.

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#3 Author of original report

Response to Cliff Eisenberg's lies

AUTHOR: Godson - (United States of America)

I wanted to comment on Mr. Eisenberg's response to my original posting.  His response if full of lies and cheap excuses to excuse his unprofessional behavior.  He has been personally attacking my company from the first day we were cheated by the broker.  He mentioned my name and my business reputation, well lets take a close look at it. 

(1) We have been in business since 2007 and have NEVER HAD AN ACCIDENT, INCIDENT, NOR INSURANCE CLAIM.  So he is lying when he says that I intentionally sold him freight bills knowing there were damages or shortages/claims.  THERE WERE NONE!!  Believe it or not Mr Eisenberg, Brokers will cheat carriers and refuse to pay.  This poor excuse for a CEO, Cliff Eisenberg of Interstate Capital Corp and his incompetent staff never looked into my account beyond the amount of debt.  They immediately blamed me and demanded their money back. I had to take the time to file claims and go after the broker myself.  They demonized me and started a "witch hunt" after my company never consulting the broker.

(2) Since 2007 we have had a good and professional relationship with our old factoring company, Freightcheck and we never had any claims, incidents, overpayment, nor balances.  Why?  Due to the professionalism of that factoring company they looked into bills and verified them BEFORE THEY BILLED THEM.  Mr Eisenber is attempting to blame me for his own employees poor work performances.  We have only been with Interstate Capital since early 2011, factoring only a few months of the year and I had NOTHING BUT PROBLEMS.  I was assigned 3 different account representatives in less than 1 year...each one more incompetent than the last. 

(3) This debt is their own fault.  The loads that I never received payment for should have been paid months ago.  My account rep sat on the bills for over 60 days causing multiple loads to back up.  If they would have billed them as soon they came in, they would have been paid.  In fact, the cheating brokerage firm contacted me wanting to know where the bills were threatening to charge a $200 fee per load for late bill submissions.  If I would have known then what I know now I would have billed them myself and been paid in full.  

(4) The file I placed with the better business bureau was not reported because it was "beyond their scope of expertise" meaning that I have a legitimate lawsuit against these clowns.  This jerk brags about this instead of correcting his behavior towards me.  I thank God for theripoffreport, because it allows consumers to voice their opinions about bad behavior of company's like Interstate Capital Corp before a consumer becomes another victim. 

(5) Any overpayment to Divinity is his own employees fault, not mine!  I don't have time to double check his employees' math skills, that's Eisenberg's job not mine.  I simply forward them paperwork, it is up to them to invoice and bill for the loads. 

(6) I attempted to expedite payment (while the unpaid debt is still in litigation) by factoring and allowing him to deduct $250-$350 from each load in addition to their normal fees.  He agreed to allow me to do so on March 1, 2012 at 9:35 am via email then cancelled it the same day after business hours at 6:04 pm insisting on stealing all the unpaid accounts he could find to satisfy it instead because he is tired of waiting on litigation.  With gas over $4 per gallon and driver pay, I cannot afford to allow him to do this.  This guy just doesn't care and is insisting on proceeding in his terrible collection tactics. 

Prior to signing up with Interstate Capital Corp, I got numerous unsolicited faxes from ICC -Interstate Capital corp luring us into factoring with them promising lots of perks and benefits.  Initially I threw them in the trash, now I wish I would have kept doing just that.  Bottom line, this guy has terrible business practices and I don't want anyone to end up being treated the way I have.  If I have to suffer persecution from this idiot because of sharing my bad business practices publicly, so be it, but I want to get the word out!!  Avoid this company like the plague!!
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#4 Consumer Comment

Totally agree with the author...ICC STINKS!!

AUTHOR: Whisle Blower - (United States of America)

I totally agree with the author concerning ICC...this guy pulled the same stunt with me to cover up his poor business skills!!  He lied to cover up his tracks, and his response shows how incompetent he really is. Cliff Eisenberg is a liar and the truth is not in him!!  If it smells like a Jackass it is one.  Lets teach this guy how to run his own business since he is an incompetent fool.  The first thing you do when you are a factoring company before you purchase a freight bill IS to verify that the load was picked up and delivered on time with no shortages nor damages BEFORE YOU PAY THE CLIENT!!     So how could Mr Tillman have sold these bills to you knowing there was a claim on them?  SOUNDS LIKE A CHEAP ATTEMPT TO COVER UP ICC'S UNETHICAL BUSINESS PRACTICES TO ME.

Cliff Eisenberg/ICC lied to us too, promising to work with us, and as soon as we attempted to factor a load they stole all of the money and went behind our backs trying to access our banking accounts to steal more money above and beyond what was owed adding in all types of erroneous fees before releasing us from them.  Mr Eisenberg and ICC is a poor excuse for a real factoring company.  His office is run by a bunch of morons who will disclose your personal information and account to anyone who contacts them...JUST LOOK AT WHAT HE DID TO THIS GUY WHO WAS TRYING TO WARN YOU....CEO CLIFF EISENBERG OF INTERSTATE CAPITAL CORP JUST PROVED MY POINT IN HIS PATHETIC RESPONSE.  AS the CEO, you must understand that people have a right to share their experience whether good or bad without being personally attacked on a public forum.  Can you imagine the CEO of Bank of America publically attacking a customer who had a bad experience at a local branch?  No, he'd offer a public apology, not personal account information about his client in an attempt to save his own business' reputation. 

Mr. Tillman find you a good attorney and lets get a class action against these clowns.
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#5 Consumer Comment

Totally agree with the author...ICC STINKS!!

AUTHOR: Whisle Blower - (United States of America)

I totally agree with the author concerning ICC...this guy pulled the same stunt with me to cover up his poor business skills!!  He lied to cover up his tracks, and his response shows how incompetent he really is. Cliff Eisenberg is a liar and the truth is not in him!!  If it smells like a Jackass it is one.  Lets teach this guy how to run his own business since he is an incompetent fool.  The first thing you do when you are a factoring company before you purchase a freight bill IS to verify that the load was picked up and delivered on time with no shortages nor damages BEFORE YOU PAY THE CLIENT!!     So how could Mr Tillman have sold these bills to you knowing there was a claim on them?  SOUNDS LIKE A CHEAP ATTEMPT TO COVER UP ICC'S UNETHICAL BUSINESS PRACTICES TO ME.

Cliff Eisenberg/ICC lied to us too, promising to work with us, and as soon as we attempted to factor a load they stole all of the money and went behind our backs trying to access our banking accounts to steal more money above and beyond what was owed adding in all types of erroneous fees before releasing us from them.  Mr Eisenberg and ICC is a poor excuse for a real factoring company.  His office is run by a bunch of morons who will disclose your personal information and account to anyone who contacts them...JUST LOOK WHAT HE DID TO THIS GUY WHO WAS TRYING TO WARN YOU....CEO CLIFF EISENBERG OF INTERSTATE CAPITAL CORP JUST PROVED MY POINT IN HIS PATHETIC RESPONSE. 
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#6 UPDATE Employee

Complaint against ICC is untruthful and misrepresented

AUTHOR: Cliff - (United States of America)

The author of the complaint about me and Interstate Capital Corporation (ICC) is Tony Tillman, owner of Divinity Transportation.  His complaint is untruthful and he intentionally misrepresents the facts.  Mr. Tillman signed up his company to factor with ICC in March of 2011.  He stopped factoring shortly thereafter leaving a debt to ICC of $309.  Mr. Tillman requested that he be allowed to resume factoring in September of 2011 with the promise of repaying the $309 balance owed.  Shortly thereafter, in October, he sold us several invoices payable by the same freight broker  
 
During the period of time when Mr. Tillman was not factoring, he hauled loads for the same freight broker and there were damage claims on some of those loads for which Mr. Tillman was financially responsible.  When the freight broker paid the invoices Mr. Tillman sold us, they deducted the money Mr. Tillman owed them, leaving ICC short by about $3,500.  In addition, Mr. Tillman took an advance from another freight broker on a load he hauled and sold the invoice to ICC without disclosing he had received an advance on the load causing ICC to suffer another deduction of approximately $900.   As a result of the above transactions, Mr. Tillman owes ICC $4,432.60.
 
Mr. Tillman was well aware that he owed the freight broker money for the claim before he sold the invoices to ICC.  He knew the freight broker would not pay him so he sold the invoices to ICC in effect getting money he knew would not be repaid.    When ICC requested the money back from Mr. Tillman, Mr. Tillman blamed the problem on the freight broker claiming they owed the money they shorted ICC and he filed a claim on their surety bond.   When ICC still demanded he repay the money, he got upset alleging we turned on him when we should have pursued the freight broker.  He knows he is wrong, but he blames everyone else for the problems he causes.   As an example of Mr. Tillmans misrepresentations, he alleges in his complaint that ICC purchased his invoices without recourse so he should not be liable to ICC for the money ICC lost on his invoices.  The losses ICC suffered from deductions for claims and undisclosed advances would not under any circumstances be considered a loss due to credit risk which is what non-recourse factoring covers. 
 
One of the documents Mr. Tillman signed when he signed up for factoring was a notice of assignment.  That is the form he now refers to as letters.  These notices were used appropriately by ICC to notify each of Mr. Tillmans debtors that his accounts receivable had been assigned to ICC and that all money due Mr. Tillman should be paid to ICC until a release was received by the debtor.    
 
Mr. Tillman is correct when he states that we had an agreement to deduct from each NEW INVOICE FACTORED $350 towards his debt to ICC.  What he does not say is that ICC never waived or forfeited its right to collect on existing invoices upon which ICC already had a lien by virtue of its factoring contract with Mr. Tillman.  This was simply another attempt by Mr. Tillman to cheat ICC out of the chance to collect the money he owed to ICC by his trying to collect money on invoices that were ICCs collateral while making a deal to pay the debt in the future.  Mr. Tillman had already started and stopped factoring twice with ICC leaving ICC in the hole each time so what were the chances he would repay the money owed by factoring a third time.  He is simply upset because we did not let him get away with his scam and attempted to collect money rightfully due to us.  As an aside, there is no reason for Mr. Tillman to be so upset about the actions taken by ICC if he is truly sincere in his desire to repay his debt to ICC because the money he claims we cheated him out of by not releasing the notice of assignment on invoices already existing will all be applied to his debt meaning he is receiving full credit for the money.    It should also be noted that Mr. Tillman complained to the Better Business Bureau about ICC and the BBB closed the case without finding any fault by ICC. 
 
In conclusion, ICC, in its almost 20 years in business, has factored thousands of freight carriers.  It enjoys a very good reputation in the transportation industry.  Unfortunately, the same cannot be said about Mr. Tillman. I urge anyone interested to simply Google Mr. Tillman and Divinity Transportation and see what information pops up.  I think that information casts great doubt on Mr. Tillman's credibility and that of his complaint, which is blatantly untruthful and misrepresented.

Cliff Eisenberg, CEO
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