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Report: #877003

Complaint Review: Bibby Financial Services - Boynton Beach Florida

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  • Reported By: Dan — New Castle Pennsylvania United States of America
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  • Bibby Financial Services 1901 S Congress Ave Boynton Beach, Florida United States of America

Bibby Financial Services Invoice Purchasing Scam, Charges $99 to open account and then just keeps your money!! BEWARE Boynton Beach, Florida

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I own a small trucking company and was looking for a factoring company to purchase my invoices in return for a fee.  I was contacted by Tom O'Neill from Bibby Financial Services who informed me that he would approve all of my customers except one for factoring my invoices with credit limits between $3000-$5000.  He then sent me a proposal to sign with all the terms of the contract.  

I happened to notice that there was a $99 charge to open the account which did concern me.  He assured me that everything was set to go and that after paying the fee I would have all the necessary paperwork within 48 hours.  But after I pay this fee (on my credit card fortunately), I never hear from him again.  After constant emails and phone calls, I get an email stating that they could not open my account and that they were keeping my $99 because that was used for a credit check.

I have already contacted my credit card company and the BBB.  If you own any type of business and want to use a factoring company to purchase your invoices, stay clear of this company.  There are way better choices out there that do not charge anything to open an account for you.

This report was posted on Ripoff Report on 05/02/2012 07:22 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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