Capital Depot - DBA NETWORK FUNDING Liars, deceptive and predatory lending practices Scottsdale Arizona

"Taken2" posted another article about these monsters. Taken, you may be pleased to know that they are still in business DBA "Network Funding" at
7580 East Gray Road #202
Scottsdale, AZ 85260

480-223-1910,
Fax 480-588-1329,
Toll free 866-943-6600

Lauren Vanegas, Loan Servicing Manager, lauren@networkfundinginc.com

Get them if you can, and good luck!

If your payment is late, these guys instantly send you a "Notice of Foreclosure" letter, then add on incredible late fees for each day the bill is late. But look what appeared in the local newspaper:

Civil lawsuits involving Arizona businesses filed in Maricopa County Superior Court:

Case number: CV07-09626

Plaintiff: Reveal Inc.

Defendant: Capital Depot LLC, dba Network Funding.

Nature of complaint: Unpaid contract debt.

Attorney for plaintiff: Kenneth B. Vaughn.

www.azcentral.com/abgnews/articles/0628abg-civilsuits0628.html

What a bunch of loser deadbeats, dont even pay their own bills...

OK, I contacted these people by phone to inquire if there was any possibility of an
adjustment to a better rate. After being passed around to several departments, I wound up with "Clem", whose main talents seems to be condescending, insulting and arrogance mixed with a cocky defiant attitude. Needless to say, this clown was useless in resolving the matter, more interested in repeating, "Well, give us our money back then..." in a moronic, juvenile manner. This guy couldn't get hired at McDonalds, folks, no wonder he's in with these thieving vermin. No help here, so on we go. Next step, a report to the state Attorney General for predatory loan practices.

During the 3 weeks between appraisal and settlement we asked a number of times questions like "What is the interest rate?", "it'll be determined at settlement" was the reply. "Don't worry, you're approved already."

We asked if there was a pre-payment penalty, reply was "Yes, $500", without mentioning that the entire loan had to be repaid in 5 years for that to apply.

It's now completely clear that we were deliberately denied specific information and given evasive answers to keep us involved in their loan process, and too distracted to seek alternative funding sources.

3 requests for a faxed contract: none delivered. The loss of those 3 weeks time did in fact prevent us from looking elsewhere, and essentially forced us to accept this outrageously greedy deal from them. We're current with this account, and will pre-pay enough each month to have it paid off in 5 years, saving over $68,000 in interest!

Folks, beware the unethical, dishonest and infinitely greedy people at Network Funding, Scottsdale, Arizona!

During the 3 weeks between appraisal and settlement we asked a number of times questions like "What is the interest rate?", "it'll be determined at settlement" was the reply. "Don't worry, you're approved already."

We asked if there was a pre-payment penalty, reply was "Yes, $500", without mentioning that the entire loan had to be repaid in 5 years for that to apply.

It's now completely clear that we were deliberately denied specific information and given evasive answers to keep us involved in their loan process, and too distracted to seek alternative funding sources.

3 requests for a faxed contract: none delivered. The loss of those 3 weeks time did in fact prevent us from looking elsewhere, and essentially forced us to accept this outrageously greedy deal from them. We're current with this account, and will pre-pay enough each month to have it paid off in 5 years, saving over $68,000 in interest!

Folks, beware the unethical, dishonest and infinitely greedy people at Network Funding, Scottsdale, Arizona!

During the 3 weeks between appraisal and settlement we asked a number of times questions like "What is the interest rate?", "it'll be determined at settlement" was the reply. "Don't worry, you're approved already."

We asked if there was a pre-payment penalty, reply was "Yes, $500", without mentioning that the entire loan had to be repaid in 5 years for that to apply.

It's now completely clear that we were deliberately denied specific information and given evasive answers to keep us involved in their loan process, and too distracted to seek alternative funding sources.

3 requests for a faxed contract: none delivered. The loss of those 3 weeks time did in fact prevent us from looking elsewhere, and essentially forced us to accept this outrageously greedy deal from them. We're current with this account, and will pre-pay enough each month to have it paid off in 5 years, saving over $68,000 in interest!

Folks, beware the unethical, dishonest and infinitely greedy people at Network Funding, Scottsdale, Arizona!

During the 3 weeks between appraisal and settlement we asked a number of times questions like "What is the interest rate?", "it'll be determined at settlement" was the reply. "Don't worry, you're approved already."

We asked if there was a pre-payment penalty, reply was "Yes, $500", without mentioning that the entire loan had to be repaid in 5 years for that to apply.

It's now completely clear that we were deliberately denied specific information and given evasive answers to keep us involved in their loan process, and too distracted to seek alternative funding sources.

3 requests for a faxed contract: none delivered. The loss of those 3 weeks time did in fact prevent us from looking elsewhere, and essentially forced us to accept this outrageously greedy deal from them. We're current with this account, and will pre-pay enough each month to have it paid off in 5 years, saving over $68,000 in interest!

Folks, beware the unethical, dishonest and infinitely greedy people at Network Funding, Scottsdale, Arizona!