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Ripoff Report | Randy Hefner of Finance Review - Apex, North Carolina
Report: #1508062

Complaint Review: Randy Hefner of Finance WorX LLC - Apex North Carolina

  • Submitted:
  • Updated:
  • Reported By: Curtis — Hastings Minnesota United States
  • Author Confirmed What's this?
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  • Randy Hefner of Finance WorX LLC 1008 White Oak Creek Creek Drive Apex, North Carolina United States

Randy Hefner of Finance WorX LLC Offered Real Estate Investment Loan, Approved me for loan after paying loan processing fee, changed the loan terms and said they could not make the loan and offered to cancel if I paid a cancellation fee I would be refuned my loan processing fee in 3 days and it did not happen Apex North Carolina

*Consumer Comment: Your first sentence says it all

*Consumer Comment: Sad. Not good.

*Consumer Comment: Bamboozled

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I responded to an ad on Facebook that Finance WorX had by Randy Hefner. It said they could finance up to 100% for real estate investment loans. I replied to the ad. I was contacted by Randy Hefner. I shared what I needed for two investment properties. Randy emailed me their loan terms which contained no reference to a downpayment.  I filled out two loan applications one for each investment properties. Randy contacted me and shared what payments would be for each loan, then he said they could combine them, but I would need to pay a loan processing fee for the two. I agreed.

Randy said he would email me wiring instructions to wire the funds. For the first loan, I was and did wire $4750 to Heather L Christensen's account at Bank of America in New York. Then, I wired $3250 to Heather to cover the loan processing fee for the second loan.  Randy said I was approved for the loan and I would get notice of the loan total to be wired to my business bank account. 

I received the notice of the wire of the loan funds, but with a condition, I had to send a 25% deposit before the loan funds would be released and the deposit would be held in escrow until I paid the loans off. I thought Finance WorX has now pulled a bait and switch. The written loan terms I was sent to me by Randy did not disclose a deposit was required for the loans.  I was quite upset. I firmly expressed my frustration about what happened to Randy. He claimed his attorney said the deposit was needed. After multiple communications of frustration, Randy asked how much I could send for a deposit.  I was out of non-retirement savings after sending the money to cover the loan processing fee.

I found I had an old retirement IRA from a former employer.  I told Randy I found I could get $5000 for a deposit. He did some work and said he could go forward sending me the loan funds if I sent for a deposit of $4942. I said ok. He sent wiring instructions for an account at Wells Fargo that was owned by a different person. He said he needed the money to send this person because Heather became ill. Since Wells Fargo has branches here in Twin Cities Minnesota, I just went to one of the branches and deposited the $4942 directly in the bank account since I did not need to wire it to a local bank.  Finance WorX claimed for about two weeks they could not find the deposit had been made which I thought was a lie.

Eventually, they confirmed they got the deposit. I thought all things were set the loan funds would be wired within the week.   A few days later Randy contacted me and said his attorney said I needed to send more funds for the deposit to get up to about 7%. I have liquidated everything I easily had access to. I said I can't provide any more funds to get the loan. Randy said then let's just cancel the loans then and I agreed. He said they had to draft a loan cancellation document.

In about a week, I got the document and it said they would give me a full refund of all of the money I sent for the loans, but there was a loan cancelation fee of $925 and I would be refunded in 3 business days signed by Randy the CFO of Finance Works. I signed the cancelation contract and wired them the $925 cancelation fee.  Three business days after I signed the cancelation contract and paid the cancelation fee I did not get my refund. I contacted Randy and asked where is my refund. He said they will give the refund in 30 days. What? After several backs and forth emails, I got Randy to see the contract he signed said 3 business days and he said that was an error. You will get your refund in 30 days.

Now, they moved from a bait and switch organization to one that breaches a contract too. I contacted Legal Shield and shared the contract to get their view of it.  They said the attorney listed on the agreement is not registered to practice law in North Carolina.  I did a search on Linkedin and found an attorney with the name on the contract that practices law in UTAH. Is Finance WorX adding Identity Theft to their practices? My Legal Shield attorney confirmed it was a breach of contract and said it would take more than 30 days for a breach of contract lawsuit so I would not get my refund any quicker than waiting for their 30 refund so I did not pursue legal action. May 7 2021 was the 30th business day after me signing the cancelation contract and sending the cancelation fee. Today, May 14, 2021 writing this complaint, I have not gotten the refund. Based on all of this, Finance WorX LLC is not a reputable lender and I want my money back


This report was posted on Ripoff Report on 05/14/2021 06:55 PM and is a permanent record located here: https://www.ripoffreport.com/report/randy-hefner-finance-worx-llc/apex-north-carolina-fered-fee-1508062. 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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#3 Consumer Comment

Your first sentence says it all

AUTHOR: Robert - (United States)

POSTED: Monday, May 17, 2021

You didn't have to post anything more than your first sentence to see where this report was going. You can see dozens of RipOffs that start of as "I saw an Advertisement on Facebook".

There was never any loan, the only thing these people do is keep their victims strung along and keep sending money until they finally figure out they got scammed. Some get smart right away and lose only a few hundred, some are strung along losing thousands of dollars. Some even let themselves get fooled into thinking that if they pay more money to "cancel" the contract they will get all of their money back.

Don't bother trying to sue them. Nothing these people gave you was real as you have seen. It is very likely that they are not even in the US and the information they used to open the bank accounts(which are now likely closed) was done with false information.

I would also seriously reconsider your relationship with your attorney.  Because based on what you posted here the first thing they should have brought up is that it is illegal to ask for any sort of "fee" in order to get a loan. Any legitimate fees would be fully disclosed and taken out of the loan disbursement, not required in advance.

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#2 Consumer Comment

Sad. Not good.

AUTHOR: Tria - (United States)

POSTED: Sunday, May 16, 2021

 Sadly you fell for their tricks. It's called a swindle. I almost did, but then i discover the truth.

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#1 Consumer Comment


AUTHOR: coast - (United States)

POSTED: Sunday, May 16, 2021

That's not bait and switch. It's called a swindle.

You fell for a gimmick that was an obvious scam. Perhaps you should have applied for a loan when you visited Wells Fargo.

They tricked you four times and now you expect a refund. Hysterical.

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