• Report: #1061844

Complaint Review: Trend Financial

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Tue, June 25, 2013
  • Updated: Tue, June 25, 2013

  • Reported By: TorontoCEO — Toronto Ontario
Trend Financial
70 Disco Rd., Suite 200 Toronto, Ontario Canada

Trend Financial Trend is a group that signs people to car loans at very close to criminal rates. If they were .1% higher they would be put in jail for loan sharking. ALSO they do not honor there written word for both services rendered or business arrangements. Toronto Ontario

*Consumer Comment: Question not Answered

*UPDATE Employee: TREND Financial carries the philosophy to be financialy responsible and transparent to all!

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

Trend Financial is a group that has been in the Auto loans feild for a very long time. They open companies build them then bleed them dry along with everyones money. Then shut down the company and open another one after they have taken as much money out of the last company. They are a group who is willing to take almost anyones business even if they know the loan will bankrupt you. 

Also I have had direct business dealings with them and they do not pay there invoices or honor written word for binding ageements. They will rip anybody off the can if it suites them to attain the end goal. Beware of any of the Kaplan family as they are the owner and opporators of this scam!! Trend Financial should not be allowed to oporate but unfortunitly they have deep pockets and basically get to do what they want. BEWARE OF TREND AS THEY ARE A HUGE SCAM!!!!


This report was posted on Ripoff Report on 06/25/2013 01:42 AM and is a permanent record located here: http://www.ripoffreport.com/r/Trend-Financial/Toronto-Ontario-M9W-1L9/Trend-Financial-Trend-is-a-group-that-signs-people-to-car-loans-at-very-close-to-crimina-1061844. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Trend Financial

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Question not Answered

AUTHOR: CEO Legal Works Corporation - ()

 I have read both reports or complaints and Trend really didn't address much of anything in fact commented on matters not raised which was puzzling but seemed to be transparent.  One has to understand companies like Trend such as Carfinco, Nelson Financial they are lenders that enter and provide funding in a very high risk market.  While credit scores and credit ratings can be subjective in nature and doesn't always reveal the true person it is a base point that all financial companies step off from.  I can only imagine the 59.9 percent interest is reserved for those with multiple repossessions, continiously not meeting any financial obligations and need a car.  

I have dealth with these type of companies and I will say this you pay, you drive and it is that simple.  The agreement is defined in basic a term, a payment and after the last payment the car is yours free and clear.  One must keep in mind the financial company is not a warranty they are the means of providing financing period.  From time to time they can help in certain situations like expensive repairs.  Carfinco for one will assist in major repairs but this will be tacked on your loan and in most cases extend the period.  They didn't have to but they did...they want you to continue driving and they want their payments period.

I am aware of the Kaplan family and yes some of their practices are questionable but as they stated NOT illegal.  the 59.9 percent interest which is .1% from "loan sharking" or criminal interest doesn't leave any room to introduce any thing else so if they have a hidden fee or any additional fees on top of that interest rate the courts have ruled it amounts to interest and service charges and they would be in fact liable.   With that said most people who utilize these high risk lenders have used other service like payday loans where interest rates are well over 1000% and yet no one really complains, Easy Financial charges 59.9% and yet no one says anything...is it becuase its a car loan and everyone sees 0% on new cars...no one forces anyone to get a car loan and one can buy a $2000 car that is ok and will due them for the short term but like most want something dependable and reliable and for that YOU PAY THE PRICE and YOU PAY THE PRICE if you want a car with extremely bad credit.

Look at it this way...ITS NOT FOREVER...IT HELPS GET YOUR CREDIT BACK IN SHAPE...so after the term of the loan you will find you interest rate is at subprime 14.5% (give or take) you will be able to afford a more expensive car at a lower payment.  These companies have a purpose and Trend was absolutely correct to point "the risk" the higher the risk the larger the return because at some point the car has no value to them and they stand to lose money in the wake of a person who continously defaults on their financial obligations which is why people end up at companies like Trend and not end up getting financed through conventional means.

So those who would point the finger at the lender look at yourself and how you ended up in the position you did.

Respond to this report!
What's this?

#2 UPDATE Employee

TREND Financial carries the philosophy to be financialy responsible and transparent to all!

AUTHOR: ericTREND - ()

After a careful review of this posting, we believe that this review was not submitted by a client as it does not refer to any personal experience of working with TREND Financial from the client’s point of view.  Having said that, it seems as though this is an attempt by our competition to try and hurt our reputation.

At TREND Financial, we pride ourselves in providing loans to people who typically cannot be serviced by the bank optimally or at all and have helped many people get access to the transportation that they desperately need.

The accusations in this posting have absolutely no legitimacy and are without merit

Are our interest rates higher than that of prime lenders?  In some cases yes, but that is due to the market that we’re in and it represents the risks we take when trying to help clients with less than adequate credit strength.  We can say, with certainty that no illegal lending practices occur at TREND Financial.

Unfortunately, there also tends to be some confusion with regards to the management of TREND Financial. The current managers of TREND Financial were in fact previously employed as regular employees at another leasing company that was not able to meet their financial obligations. When that leasing company began defaulting on their financial obligations, that company was required to let go of some of their staff. Subsequently, some of the staff that was let go decided to start up a new venture which is now known as TREND Financial. From the first day of inception TREND Financial carried the philosophy to build it on a foundation of financial responsibility and transparency. None of the major owners or directors from the previous leasing company has any relationship with TREND Financial in the past or present.

Further, we believe that there is additional confusion with regards to the management of TREND Financial which is due to the previous executives of the failed leasing company ALSO starting a new venture at a similar time that TREND Financial was created. For more information on that company, you can visit this website and read their biographies. http://www.leasetownauto.com/#!bios/c1pql

There is no connection between Lease Town Auto Finance and TREND Financial.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory