• Report: #279359
Complaint Review:

Financing Alternatives, Inc.

  • Submitted: Wed, October 17, 2007
  • Updated: Fri, December 07, 2007

  • Reported By:Houston Texas
Financing Alternatives, Inc.
565 Cedar Road, Ste #1 Chesapeake, Virginia U.S.A.

Financing Alternatives, Inc. $1,871.04..........THE JACKPOT FOR FINANCING ALTERNATIVE INC. THIEVES Chesapeake Virginia



*Consumer Comment: re

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Whoever would have thought that one phone call could change your life and the life of your children.

I called Financing Alternatives, Inc. (FAI) in August 2006 in efforts of placing an order for a computer for my children. My wish was to purchase the computer and present it as a Christmas gift to my children. I placed the order with FAI and set-up regular scheduled payments twice a month (on the 5th and 20th of each month) in the amount of $77.94 to be automatically deducted from my checking account.

When I called FAI in November 2006 to inquire about the status of my computer, I was informed taht I would not receive the computer before Christmas. The response (similar to this) was as follows: "Due to upgrades...our warehouse is experiencing high volumes of orders.. which will cause a delay in shipping." I was truly upset that I would receive the computer by Christmas and voiced just that. I then mentioned to the phone representative that I should cancel the order. She responsed by saying something like "I wouldn't do that if I were you; if you do, you will lose all the money that you have paid thus far." She asked that I be patient with the company, and I should receive the computer on or about February 1, 2007.
Like an idiot, I fell for that. I truly wanted that computer for my children.
I continued to make payments with the thought that it would be late, but my children will still have it. Not to mention, I didn't want to lose the money I had already paid.

I called mid-February; I could not get an answer. I called every month at least two or three times a week in efforts of contacting SOMEONE/ANYONE regarding my computer. Of course, to no avail.

My final payment of $77.94 was drafted from my account on August 5th (or 20th). I have paid an approximate total of $1,871.04 for NOTHING. You hear about and see these types of reports on television news all the time. Not in my wildest dreams would I have thought I would become a victim of a SCAM.
It hurts me, deeply. Most of all, it hurts my children. I am a teacher. I don't have money to throw-a-way. I live on a strick budget. I thought by paying for the computer in small increment amounts, I would be safe, financially.

My children are devastated by this act of fraud by FAI. Needless to say, so am I. I want them to pay for scamming hardworking people who live on a budget. Most of all, I want them to pay for taking advantage of and scamming children. What type of people would do such a thing? The damage and disappointment they have placed on my children, they can't make up for.

I pray that they get everything they deserve and more. Instead of my children receiving that computer as a Christmas gift, they were scammed out of $1,871.04. I want the FAI Owners to look my children and their eyes and tell them the reason why they did what they did....

Melanie XXXXX
Houston, Texas

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 10/17/2007 02:53 PM and is a permanent record located here: http://www.ripoffreport.com/reports/financing-alternatives-inc/chesapeake-virginia-23322/financing-alternatives-inc-187104the-jackpot-for-financing-alternative-inc-279359. 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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Updates & Rebuttals

#1 UPDATE EX-employee responds


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

Kurt Dinkelacker (former CFO) email: kurtikon@aol.com
Evolution Financial --*same con job as Financing Alternatives*
810 Tristen Way--Schwenksville PA 19473
CELL: 610-287-3419 also 610-453-8348
Ask him about Americaspurchaseprogram.com

Kurt Dinkelacker, Board Member
Quench USA LLC (they don't like any press)
780 5th Ave Ste 110
King Of Prussia, Pennsylvania 19406-1437
Phone: 610-277-7472 quenchusa.com

Gladstone Investment Corporation
1521 Westbranch Road Ste 200
McLean, VA 22102
(703) 287-5800
** This company is very reputable and has a significant stake in Quench. Ask them how they feel about being associated with KURT DINKELACKER when he scammed 1700 customers and is under investigation. Do they know about IKON losing $1 billion?

Michael J Shrader (former CEO) email: michaelshrader@yahoo.com
1276 Southfield Place--Virginia Beach VA 23452
(757) 631-0111 also (757) 214-1177
(Continued to pay himself $400,00 per year but wasn't shipping customers- "not enough money- sorry")

ACE Cash Express email: acepresident@acecashexpress.com
1231 Greenway Drive, Suite 600--Irving, TX 75038 acecashexpress.com
(972) 550-5000 also (866) 223-2274 also (972) 550-5175

MiCash Inc
1101 30th Street, NW , Suite 110 --- Washington, DC 20007
(202) 338-7474

Still time to get your feedback in before they are approved!
---Dept of Insurance Securities and Banking in Washington DC
---Call: Theresa Marshall (202) 727-8000 FAX: (202) 535-1196
---Email: disb@dc.gov Web: disb.dc.gov

Walt Pollard (decided who to ship) email: waltpollard2003@yahoo.com
1660 Kempsville Road--Virginia Beach VA 23464
800-445-7128 also Fax: 330-497-5500

Get going. Be persistent- when you contact ask for the bad guys by their first and last name-you may get 'huh? who?' Trust me- these guys are well known by everyone on this list. Every company has been involved with them- don't let them give you the run around. TELL THEM ALL ABOUT HOW MICHAEL SHRADER-KURT DINKELACKER- JAVIER PALOMAREZ- WALT POLLARD SCAMMED 1700 CUSTOMERS OUT OF $3.3 MILLION. The big companies don't want anyone to know about their dealings with the bad guys- its bad publicity. The more publicity you generate- the better. Tell them: 'I'm calling for ______. Do you know who he is? What business do you have with_____? Are you still doing business with him?" DON'T GIVE UP! Call the TV- the newspaper- give them links to this story and other posts about shady dealings- they may put pressure on the bad guys. They big companies should at least tell you if they're still in partnership with the crooks and what kind of business do they have when THEY get into bed with losers like SHRADER and company? Maybe they're in on it? If enough folks write, call, and email- maybe money will come back. ACE is a huge company with lots of money and important licenses- just keep writing, calling, and emailing. MiCash is a credit card company with lots of money. THEIR BANKING LICENSE expires DEC 31. Call the regulators and give your opinion. If everyone sticks together, you might get some money. Keep me posted and let me know how you do. I'll post when I can.
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#2 UPDATE EX-employee responds


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

I have to say this to protect myself legally: 'The opinions I say in this are my opinions. Innocent to proven they are liars cheat thieves' Michael Shrader and Kurt Dinkelacker ran this company into the ground to steal the business secrets and start a copycat biz after the owner refused to give them a majority stock.

Then, Michael Shrader's inner circle were told to make copies of their hard drives to use *after they left FAI once it was bankrupt*. The owner was kept in the dark about the business problems. He control to Michael Shrader in 2005 so he could manage a personal medical issue and enjoy time of. He stupid trusted Michael Shrader and Kurt Dinkeliar. Email from Kurt Dinkelacker told everyone until 6 wks before FAI got taken over that it was 'business as usual'. He knew the company was not going to make it.

Michael Shrader and Kurt Dinkelacker lied I think to stall and to take all the money they could to help them get going in a new company. I know Javier Palomarez (came from MiCash near the end of company) and got like $40,000 for a month. Kurt Dinkelacker was trying to hire key people to work for him at a new business like FAI because by now they had got all the information and the money was running out and they couldn't cover up any more. They wanted the owner out so they could get all the money themself- what better way than make his company go bankrupt and put him in hot water while they get away scot free. FAI shipped over 75,000 PCs through 2005-the majority on time or earlier. When Michael Shrader and Kurt Dinkelacker took over- they shipped late and when they felt like it. The owner never knew, they hid from him.

Anyone who knows the owner will tell you he wants to punch him in his big buck teeth face- and Dinknot's bald greasy head. he's betrayal and intends to pursue justice- for consumer and for himself. I think they meant to do a crap sneaky job to make FAI failed- and then have the gall to turn right around and get right back in business with employees and secrets they stole from the company they ruined. Tell me that done stink to high heavens. Crooked. Michael Shrader Traitor made an $400,000 and greedy Kurt Stinky Dink $200,000+ They never made a profit, and rode it straight into the ground. Paid his friends all the money, then wasn't fill orders. He and Stinky Dinks is *in my opinion* a crook, a thief, a liar, stupid, old as crap, and a con man. Type Dinkelacker in the search box for other updates. I will keep updating as long as I can. Good luck everyone. Worth the time to read this about this boss
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#3 Consumer Comment


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

These clowns are out of Virginia. And the Attorney General of Virginia is suing them for fraud (go figure).
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