Report: Pacific Auction Exchange
Category: Franchisors
Pacific Auction Exchange Pacific Auction Exchange, a franchise opportunity that will take your money without following laws and NOT support you once they have your $. Bakersfield California
*UPDATE *UPDATE ..Pacific Auction Exchange - No Better under NEW Management
Rebuttal Box
Respond to this report!
Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide "insider information" on this company? Victim of this person/company?
Are you also a victim of the same company or individual? Want Justice? File a Rip-off Report, help other consumers to be educated and don´t let them get away with it!
Pacific Auction Exchange
Fax: 661-665-7962
Bakersfield, California, 93311
U.S.A.
Submitted: 7/2/2008 8:18:19 PM
Modified: 9/22/2008 11:12:40 PM
Maryann b
Yorba Linda, CaliforniaI was pressured into signing a Franchise agreement with PAX inc. I was never given the UFOC, a financial disclosure document for PAX, showing the financial stability or lack there of. I was unaware that it is required by PAX, under CA and Federal law, to supply this document to me, prior to signing the franchise agreement.
PAX reps made promises of daily support, more business than I could ever dream of, and a huge benefit and growth for my existing mortgage company. Shortly after signing the agreement, the reps that signed me up and promised this extraordinary level of support, left the company and the daily support that was promised to me, was NEVER there.
I feel this franchise takes money from unsuspecting individuals, like a PONZI scheme. The management was always out seeking new franchises and support of current franchises was SECONDARY. Management rarely had the time to return my calls for support.
PAX finally agreed that they had not supplied me the UFOC and agreed to refund my money, $21,000, in monthly installments of $3000 until paid in full.
When I insisted only on refund in full, because I needed spinal surgery due to an unrelated accident, they pulled the agreement.
I have a signed offer to refund in installments and NO refund money.
Maryann
Yorba Linda, California
U.S.A.
Looking for premium tickets? Concert Tickets | Sports Tickets | Theatre Tickets just visit www.TicketFeeder.com
Search for additional reports
If you would like to see more Rip-off Reports on this company/individual, please use the search box below:
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA’s.
Rebuttal Box
Respond to this report!
Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide "insider information" on this company? Victim of this person/company?
Are you also a victim of the same company or individual? Want Justice? File a Rip-off Report, help other consumers to be educated and don´t let them get away with it!Repair Your Reputation
Got Reports filed against you? Resolve the issues and rebuild trust through our Corporate Advocacy Program.
Updates & Rebuttals:
- Pacific Auction Exchange- New Leadership same MO Maryann b [9/22/2008 3:38:04 PM]
- Pacific Auction Exchange - No Better under NEW Management Maryann b [9/22/2008 4:35:23 PM]
Submitted: 9/22/2008 3:38:04 PM
Modified: 9/22/2008 11:04:45 PM
Maryann b
Yorba Linda, CaliforniaU.S.A.
Pacific Auction Exchange- New Leadership same MO
Daryl Franks is supposed to be the new head of Pacific Auction Exchange per a prospective new franchisee that contacted us for an opinion of their company. Franks is as unresponsive as the previous management in a call to make good on signed agreements to repay my $21,000.
In fact, one can visit the BBB of Central California to see their 'F' rating. This the lowest rating that you can have. Pacific Auction Exchange is as unresponsive as ever instead of improving under 'new' management.
I still want my $21,000 back per a signed agreement to refund the franchise fee with the previous CEO. Pacific Auction Exchange is still refusing to make good on their word.
Submitted: 9/22/2008 4:35:23 PM
Modified: 9/22/2008 11:12:40 PMMaryann b
Yorba Linda, CaliforniaU.S.A.
Pacific Auction Exchange - No Better under NEW Management
Recently we were contacted by a prospective franchisee of Pacific Auction Exchange (PAX) seeking our opinion of the opportunity. He informed us that Daryl Franks was the new head of the company and this prospect had been told things were 'improved'.
Needless to say our opinion of the company likely didn't propel him forward. The newsworthy fact was that he could only find one franchisee that was in any way 'satisfied' with his relationship with the company. How many of the 26 franchisee's listed on the PAX site that he had contacted I don't know.
This prompted us to contact Franks to see if he planned to honor the signed refund agreement in which Pacific Auction Exchange committed to refunding $21,000 to me earlier this year and he chooses to not respond.
Rebuttal Box
Respond to this report!
Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide "insider information" on this company? Victim of this person/company?
Are you also a victim of the same company or individual? Want Justice? File a Rip-off Report, help other consumers to be educated and don´t let them get away with it!Repair Your Reputation
Got Reports filed against you? Resolve the issues and rebuild trust through our Corporate Advocacy Program.
Advertisers below have met our strict standards for business conduct.
Has Citibank asked you to refinance your mortgage?
Did you get taken advange of?
E-mail
classaction@
careylaw.com
