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Report: #1494228

Complaint Review: Innovative Capital Strategies, Inc. - Mineola TX

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  • Reported By: Stopthescam — Mineola TX United States
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  • Innovative Capital Strategies, Inc. 101 East Broad Street, suite 200 Mineola, TX United States

Innovative Capital Strategies, Inc. Business Credit Literacy Initiative, BCLI, Contrarian Advising & Bookkeeping,, Innovative Capital Strategies, ICS , Total Credit Rebuild, TCR Program, Thomas Montgomery, Access To Capital, Smart Money Alliance,, Paula Garcia, Grant Funded Program and many more private label names unknowingly working for ICS as branch managers and affiliates ICS or Innovative Capital Strategies will take your money Mineola TX

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REBRAND of to ICS - Innovative Capital Strategies or ICS is a re-brand of a previous F-rated entity ( and you can verify this on the Better Business Bureau (BBB) website. Paula Garcia and Thomas Montgomery were in charge of that company as far back as 2014 before turning it into ICS and TCR in 2018. The "5 step process" (now ten steps), with similar "training" programs and the false "grant funded" programs with "guaranteed" promises and more. Not to mention, similar puzzle pictures that is now a part of the current total credit Rebuild (TCR) website. The list goes on and they are also quick to shift responsibility with excuses just to give you the run around. 

GRANTS - ICS claim to have a grant funded program to help you raise capital for your business. The so called non-profit organization is a "shelf corporation" being used as a coverup to scam people by claiming Innovative Capital Strategies or ICS is a "grant funded" program. Why will a "grant funded" program charge you upfront cost and also collect thousands to tens of thousands of dollars in fees on the backend? This is because it's a scam but they brainwash you into believing they are "helping" you. There are other companies out there that will help you with absolutely no upfront cost. ICS have multiple videos and audios claiming to raise business loans through EIN only and then turn around to demand your personal SSN file or you get nothing. 

THREATS - Innovative Capital Strategies scam has been sending threatening messages lately. Thomas Montgomery is saying ICS will start "calling your neighbors, friend, family  members and coworkers" if you do a charge back or don't pay their scam fee. This threat is criminal and even for a legitimate company, let alone a scam company like ICS that preys on low income and less educated people. Thomas Montgomery also uses a one-sided contract to threaten clients and telling them they will be forced to go to court in Texas, which is not true. ICS is not even authorized to conduct business in most states, let alone make collection efforts for a scam company. They even collect your persoal data and try to use it against you by threatening to post or publish it in public domains. This criminal act was done to one of their client that reported them to the BBB and you can see what ICS posted there in response or see attached. 

CHARGEBACKS - Innovative capital Strategies scam is so bad that a lot of people started doing chargebacks for their enrollment fees. Now ICS scam is using the so called branch managers or affiliates to collect the so called enrollment fee payments and send Cold hard Cash to Thomas Montgomery and ICS. This puts money in the pockets of ICS sammers and leave you on the hook for any charge backs. It's a numbers game for ICS scam. Example is for every 10 enrollment fees ICS collects, they attend to 1 or 2 of those clients because they are too busy selling enrollment more enrollment for files to put on the shelf. 

GUARANTEES - Thomas Montgomery and Paula Garcia are not lending you their money out of pocket, so how are they able to Guarantee you a minimum of $100k in capital raised regardless of your circumstances? They lock you into an empty promise contract that may never end. They have no timeline for completion so they can make you wait as long as they choose to. When you get tired of your file sitting on the shelf and want to go somewhere else, they will threaten to charge you six percent of the invisible $100k. This charge does not include the enrollment fee of $300-$500 that you already paid for nothing. This is the same scheme they used when they guaranteed everyone a minimum 700 score with their old F-rated scam that was eventually shut down. ICS is always too busy to give updates about clients but they are always available to signup new ones and take your money. 

BRANCH and AFFILIATES - One of ICS scam is using a $4k program with "CRM" access from a Florida company and reselling it for $100k, yes, one hundred thousand dollars. ICS resells it to low income individuals with little to no financial background and give it a "Branch Manager" title. ICS requires an initial $2500 deposit and make these people take out a $100k loan to pay the balance. Then ICS claims to be giving you a free $25k working capital from a "Grant" when in fact, they are using your own money from the overpriced $100k loan and calling it a grant. This is why ICS have all the time in the world for daily presentations to sell, sell, sell signups because funding is not a big part of their business. They are making all the outrageous profit while the actual company (in Florida) is doing all the work and you get stuck with the loan to own a fake branch. You can get the same CRM access and run your own independent white label funding business without ICS' help. The same FL company that ICS uses, will help you with all your clients more than ICS will ever do because ICS is just a greedy reseller. ICS does not own the CRM access and they don't do any of the work but they want you to pay $100k for it. I don't want to mention the other company's name here to avoid people thinking it's part of the scam. 

CONCLUSION - Don't let them scare you with threats and don't let them steal your hard earned money by leaving you in debt. Giving you a pretend hug while stealing your wallet is not the definition of "help" and they prey on the weak. They constantly lie and mislead people with a straight face while bragging about "credibility" with church-goers. Stop taking advantage of people by calling it a grant funded program and stop playing the numbers game with the enrollment fees. Greed is what leads to scams like these and anyone or any company can choose to make a change and do what is right for their clients. If ICS refuse to change and continue to rip people off, just report them to the appropriate authorities where ever you live. If you are a branch manager or affiliate, you have heard Thomas Montgomery say something is going to be a "Game Changer" and then it turns out to be an empty promise with something new coming up a few days later. It has been one new "game changer" after another to pile up the sale on "non-refundable" enrollment fees for their capital ready program. Knowledge is power and you have been warned. 

P.S. - Watch out for derogatory attacks from ICS agents when you file any complaints and be ready to report such to authorities. If anyone or ICS agents try to negatively attack me or this post, which is meant to help people and show the complete truth, I will report such directly to the FBI with no hesitation. I will also file an individual lawsuit against the company for such. I already have a web crawler monitoring any related information in attempt to subdue the truth. I'm currently reviewing details of some sensitive information that are not meant for public consumption before deciding what to do moving forward. This is just a warning for everyone to be safe. I'm more than capable of handling myself if I have to.  


This report was posted on Ripoff Report on 04/20/2020 08:13 AM and is a permanent record located here: 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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