Report: #1044361

Complaint Review: Five Point Capital

  • Submitted: Thu, April 18, 2013
  • Updated: Thu, April 18, 2013
  • Reported By: Firoz — Snellville Georgia
  • Five Point Capital
    13280 Evening Creek drive South, Suite 200
    Internet
    United States of America

Five Point Capital Small guy got scammed by Five point Capital Internet

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Five years ago, I recieved a sales letter from Five point Capital about equipment financing.  I called and talk to William Abbot.  We negotiated a factor equals to ten percent interest rate and one dollar buy out.  Plus first and last payment in advance.  Those days I was not feeling too good because of a heart attack few months before that.  I recieved a contract from William abott which he pressured me in signing quickly, I trusted and signed quickly and faxed and mailed back and put it in a file.  About six months ago I recieved a certified letter from them about the end of the lease coming, I called  and talked to a lady about this letter, she told me to call back about six to eight weeks before the end of lease for buyout. ( I knew it was supposed to be one Dollar ).  I called back and I was told to call back two weeks prior for final amount. I called back again two weeks prior to end of lease payment, a girl mumbled 87.....  something, I asked her to repeat but she did not and said your lease has been extended for one more year. Basically they want another $36000.00 over and above $180,000.00 I have already paid.  Well Now it is $183,000.00 because they have withdrawn on more payment this month.  My attorney sent them a letter.  I recieved one more invoice from them so I called and talk to Sandra ( possibly a manager ) a very rude and strong personality to deal with.  I faxed them a letter withdrawing my authorization to withdraw money from my account.
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This report was posted on Ripoff Report on 04/18/2013 01:53 PM and is a permanent record located here: http://www.ripoffreport.com/reports/five-point-capital/internet/five-point-capital-small-guy-got-scammed-by-five-point-capital-internet-1044361. 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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