722 Redemption Jake Sweeney SmartMart False Advertising and predatory lending practices Cincinnati Ohio

Luckily I did not allow myself to get caught up with this company by purchasing a vehicle.  Both companies, 722 Redemption Funding, and Jake Sweeney Smart Mart operated under the false notion that they are separate companies, when they are not.  Just a simple phone call on a Sunday afternoon will tell you this because the automated answering system has the same person with the info call message.

Everything started when my my bankruptcy attorney handed me this flyer stating that "this company can save you money and/or get you into a new car.  I went to the 722 redemption website (https://www.722redemption.com/Home) and investigate and found out there, that I could get a car loan that would get me a vehicle with:

• Late-model, Low-mileage vehicles
• Low monthly payments
• Short loan length
• Discounted price

in another place on their website they defined the vehicle prices as "120% of clean trade" value, and in another place they described the program as a "wholesale replacement program" (see page https://www.722redemption.com/AutoDealers/GettingStarted). 

After you apply, they send you to their "dealer network" when in fact they are BOTH at the same address...Redemption is at 169 Northland Blvd, while Sweeney is also at 169 Northland Blvd.  I'm not making this up folks, go check it out for yourself!!

http://www.sweeneysmartmart.com/contactus.aspx

https://www.722redemption.com/Contact

Its right there in black and white!!!

So they send you to their "network" and tell you that you'll get a great deal at "120% of trad value" and the program is a "wholesale" program.  And then when you start to look at cars you get these outragous prices with outrageous interest rates upwards of 24%.

Let me just give you one example:

Hyundai