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Report: #633332

Complaint Review: CROSSROADS FINANCIAL LLC - Boca Raton Florida

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  • Reported By: TAKEN TO THE CLEANERS — North Carolina United States of America
  • Author Not Confirmed What's this?
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  • CROSSROADS FINANCIAL LLC 2201 NW Corporate Blvd., Suite 201 Boca Raton, Florida United States of America

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ENTERED INTO AN AGREEMENT FOR PO FINANCING CROSSROADS PROMISED TO LOAN MONEY FOR PRODUCTION THEY NEVER DID.. BUT THEY DID MANAGE TO RIP-OFF OUR BANK ACCOUNT FOR $52,000. + $50,000 CANCELATION FEE ON A CONTRACT that was for only 48,000 that THAY BREACHED AND THEN CANCELLED. We have talked with several people that they have done this to. So if youre a small business STAY AWAY FROM ANY FACTORING COMPANY WITH THE NAME CROSSROADS AS THEY HAVE AGENTS IN SEVERAL STATES AND DO NOT EVEN HAVE A BUSINESS LICINSE.


Did you know that anybody that can fill in the UCC for and pay 75.00 ( of which they charged us 750.00) can rip you off for tens of thousands of dollars.


THE NATIONAL ORGANZITION OF FACTORING who has a code of ethics was no help. They just forwarded our complaint directly to crossroads. So much for policing your members.


We have talked to several State Attorney Generals and they and told us to have lawer advised us. we did and have now file a lawsuit against them.


So why do I have to have a business license when the crooks dont?


Why do I pay my Corporate fees when the crooks dont?


Obama keeps saying that small business is the back bone of our country. Yet the banks and government wont help small business out and forcing us to go to loan sharks that hide behind the usury law. Usury law - Definition: Usury is defined as the act of lending money at an unreasonably high interest rate, this rate is defined at the state level. Repayment of loans at a usurious rate makes repayment excessively difficult to impossible for borrowers. This is also called "loan sharking" or "predatory lending".


And heres what are people in government office did to us,. Since the passing of a federal law stating that the state usury laws do not apply to banks that label themselves with the words "national", these banks have been able to offer loans above the state usury limit.(35%). So much for the back bone of our country no wonder so many small business fail in the first couple of years no bank will loan you a dime till you have been in business for 3 years who need their money then. You needed it to get off the ground, if youre a small business in the us its like being in a life raft with sharks swimming around you (ps it has a leak).

This report was posted on Ripoff Report on 08/19/2010 02:58 PM and is a permanent record located here: https://www.ripoffreport.com/reports/crossroads-financial-llc/boca-raton-florida-33431/crossroads-financial-llc-lee-haskin-ucc-a-license-to-steal-these-people-are-crooks-and-lia-633332. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
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#2 General Comment

Similar Situation with this company.

AUTHOR: SimilarSituation - ()

POSTED: Sunday, November 09, 2014

I am aware of a similar situation happening with this PO finance company and another small business. I would like to connect with the original company/contact who filed this report for guidance on how the handled their situation. It's tough when a small business has issues with a large company such as the one mentioned in this report.  Any advice would be much appreciated.

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#1 UPDATE Employee

Chemical Development Corporation Disavows and retracts all aspects of the complaint by TAKEN TO THE CLEANERS - North Carolina United Sates of America

AUTHOR: A. E. Briseno - (United States of America)

POSTED: Monday, February 06, 2012

Chemical Development Corporation USA LLC previously engaged in business with Crossroads Financial NC, LLC, a North Carolina Limited Liability Corporation between early 2010 and September 2010.  We have come to be advised about a report that was filed in RIPOFF REPORT dot COM concerning Crossroads Financial LLC by a complaining party identified only as North Carolina United States of America.  The date of the report is August 19, 2010.  

Although Chemical Development Corporation USA LLC did engage in business with Crossroads Financial NC, LLC, a North Carolina Limited Liability Corporation during the time period referenced by the complaining party, North Carolina United States of America, Chemical Development Corporation USA LLC specifically disavows and disclaims responsibility of the above referenced report.  To the extent that anyone might be misled into believing that Chemical Development Corporation USA LLC has a complaint against Crossroads Financial LLC, specifically states that it has no complaints against Crossroads Financial LLC.  

Therefore, to whatever extent anyone might be misled into believing that Chemical Development Corporation USA LLC has filed or authorized the filing of the above-referenced report, Chemical Development Corporation USA LLC specifically disavows and retracts that complaint.

By: Chemical Development Corporation USA LLC,
Through its Attorney

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