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Report: #1249077

Complaint Review: Discount retail store services - Las Vegas, Nevada

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  • Reported By: ihate scammers — California USA
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  • Discount retail store services 5075 W Diablo Dr #200 Las Vegas,, Nevada USA

Discount retail store services Dollar stores services THE TRUE DEFINITION OF SCAMMERS!!! Las Vegas, Nevada

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I am a 12 year United States Navy veteran, and I had the dream of owning a business. As many people the idea of having a piece of mind and financial independence was very attractive to me. Discount retail store services (DRSS) definitely ruined that positive perspective of entrepreneurship for me and many others. I started working with DRSS when I was a contractor in Afghanistan in 2013 and was totally preyed on because of my credit score “760”. They make money off good hard working citizens who reached a point of their lives where they have money in the bank and possess excellent credit. You have to have at least a FICO score of 730 to even do business with DRSS. I was misled and lied to in order to fulfill somebody’s financial greed. I was informed that they did everything in-house and had great relationships with different financial intuitions for me to get funding. They said to me “we work for you and we are on your side” , but actually they were destroying me from within . 

I was told that they would get me a business loan and even help establish my business credit. With their “in and out” mentality I was passed down to the finance department and then passed to Seed Capital. I was informed by “the professionals” that Seed Capital would be securing funding for me, but I had to pay Seed Capital $4,000 to start the process. I was misguided to believe I was getting a business loan and lines of business credit. After I started working with Seed Capital  they started to apply for 10 different credit cards. So when I asked why so many ,I was told it was for working capital . I thought that was very strange ,but maybe it was good to have that on reserve. After being rushed to find a location to secure, I was still waiting to hear something about the actual business loan . There was no business loan, the credit cards were your loan. There was no business lines of credit, it was all personal credit. I had already signed a lease for the building and felt deliberately misled to continue.  It felt tremendously irresponsible, and that was not a typical practice of a person with a 760 credit score. I asked DRSS what would this do to my credit and was told it would drop about 30 points. My credit score dropped to a 520. If I would have known about this I would have never agreed to this mismanaging of funds. When my store opened my credit was so exhausted I could not get any type of loan for working capital. There wasn't any “REAL” support from DRSS. They put me so much in debt before I even open there was no chance for true success. I struggled for 6 months and had to close my store for good. Later I had to file bankruptcy because of the tremendous hole I was thrown into. I lost everything I worked for my whole life in 6 months. It is 50 people all over the country who have done business with DRSS and we all share the same story. Meanwhile DRSS  is laughing on their way to the bank. BEWARE!!!!

This report was posted on Ripoff Report on 08/17/2015 12:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/discount-retail-store-services/las-vegas-nevada-89118/discount-retail-store-services-dollar-stores-services-the-true-definition-of-scammers-1249077. 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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