Direct Capital CIT Direct Capital - Sydney Cullen- Christopher Riley - Jacob Moore Bait and switched the loan rate and misleading on pay-off penalty portsmouth NH

Absolute worst experience and it continues to get worse.

Avoid at all cost. Do not trust them. I will take the blame for getting tricked into a bad contract even though they used pro-rated payments to hide higher financing charges. But the basic serving of the loan is terrible.

Prob the most expensive learning experience of my life. DO NOT PROCEED.

quoted me at 7.5% interest - switched to an outrageous rate factor at the last second. Assured me there is no early pay-off penalty.

Payoff is nearly 28% the equipment received. Also applied returned funds for unreceived equipment to the balance not the principal so I get to pay triple interest on non-existing equipment in which the finds were returned in full.

Reason of review: Not as described.

Monetary Loss: $16000.

Preferred solution: Payout of equipment only at 4% penalty.

I didn't like: Bait and switch - lack of resolution.