• Report: #619886
Complaint Review:

GCR Capital

  • Submitted: Sat, July 03, 2010
  • Updated: Sat, July 03, 2010

  • Reported By: Arun — Memphis Tennessee United States of America
GCR Capital
200 9th Ave N Ste 200 Safety Harbor, Florida United States of America

GCR Capital Priority Outsource Dba GCR Capital, John Grant, Ashley Hrdlicka, Cory Lockert, Valerie D. Sampson GCR-Capital, Safety Harbor, FL GCR-Capital's leasing program is a SCAM, DON'T SEND ANY MONEY IN ADVANCE, YOU WILL NEVER GET YOUR MONEY BACK Safety Harbor Florida Safety Harbor, Florida

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I am a small business owner, who unluckily got in touch with GCR Capital to apply a leasing loan, which was approved instantly.
 They sent me a Letter of intent & asked me to pay $ 3205.32 being 1st & last installment & Processing Charges and pressurized me to sign the letter immediately.

 When I asked is my loan is already approved? Ms. Ashley replied yes and asked me to pay $ 3205.32 & email Performa Invoice of the Vendor. On the basis of assurance of Ms. Ashley that GCR would disburse the loan within 7 to 10 days; on 12/29/2009 I signed the agreement and send my payment.

 I waited for 10 days and started calling /emailing for disbursement of loan but nobody replied.
On 01/11/2010, After collecting the money, GCR started changing their requirements and kept on asking for all kinds of financial records and personal tax papers. This was a part of their game, and we didn't know about that. Even I prepared  all records after lots of hardship; finally I emailed all papers to GCR on 01/26/2010.

After receiving all required papers, again nobody replied to my Email Reminder & Phone Calls. I got little suspicious and checked BBB website and found their F record. On further Google I found GCR has ripped off so many other people like me. After learning about their past record & malpractices, I I immediately asked GCR to honor their commitment, if they cannot fund my lease, then return my hard earned money.

After a lot of calls emails/calls ultimately instead of paying my interest on my deposit with them, in May 2010 (in 6th month) they offered me to refund $ 1405.16 after deducting one installment of 1405.16 & Processing Fees of $ 395.00.
AS per their Letter of Intent, in case of Non Funding of loan, they would refund my installment money of $ 2810.32.
Since last month we never heard back from GCR , I am writing to the Attorney General of the state of Florida. I have already filed a Complaint at BBB.

If you are a victim of their deceitful, predatory practice, please write to the Attorney General of the state of Florida. Also, I urge everyone to get together and take a class action lawsuit against GCR.

This report was posted on Ripoff Report on 07/03/2010 04:15 PM and is a permanent record located here: http://www.ripoffreport.com/reports/gcr-capital/safety-harbor-florida-34695/gcr-capital-priority-outsource-dba-gcr-capital-john-grant-ashley-hrdlicka-cory-lockert-619886. 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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