GCR Capital Ripoff Lenders with nasty attitude keeps downpayment without actually approving loans. Safety Harbor Florida

In response to the lame rebuttal from Ms. De Vincenzo (G.M. of GCR,)readers please note that out of the many rebuttals they have made trying to defend their wrong-doings, the rebuttal seems to be a form letter used over and over.

My first thought about this misfortunate situation we are currently involved in with them is, it's a little humorous that a company doing business as they are keeps a constant eye on the Ripoff Report.com in the first place.

I am confident that the attorney we have selected will achieve the results that we are expecting, and I hope that the general public will be well informed of the dishonest, corrupt style in which GCR Capital conducts business.

Thank you BadBusinessBureau and Ripoff Report.com for this important medium in which we can reveal such evil tactics.

As of 27 Jan 2006, (GCR Capitol) has a unsatisfactory rating with the BBB.

"Advance Fee" loans are illegal. Both by Federal and State laws. I was in the lending business in FL and know this for a fact.

They have the right to finance only a percentage of the deal, leaving a percentage for you to pay WHEN THE LOAN IS FUNDED!

Furthermore, within 3 business days of initiating the transaction, they were REQUIRED by FEDERAL LAW to provide you with a TRUTH IN LENDING statement that would review, sign and send back.

Any forfeiture terms would be spelled out there.

It must be in plain language with all fees and terms CLEARLY disclosed.

This is clearly a scam, as your lawyer will uncover quickly.

Good luck.

GCR Capital receives sometimes as many 400 applications a month and last year alone funded almost 10 million dollars in applications for businesses across the country.

Although it is unpleasant to hear that some clients are unhappy with our company, obviously many more are extremely pleased with our services based on the amount of transactions we receive and fund.

We pride ourselves in working with several niche groups; once such group includes harder to fund transactions, which typically have less than average credit or time in business. Unfortunately these individuals also seem to be less likely to understand typical parameters of a business financing transaction and take normal problems extremely personally. Often we find misunderstandings ensue purely because someone did not take the time to read their contracts, or pass them to a qualified person for review if they did not understand them.

We do not believe we are exempt from mistakes and try extremely hard to make things right if that happens. However, we also deal with many problems from our clients that create hurdles that we try to work with. Leaving off the names of guarantors with bad credit, overestimation of time in business, wanting money for other than the reason stated, are typical things we see every day. The list could go on and on, but suffice it to say that each client believes that when they are doing something, that they are right in doing or feeling the way they do about the situation, and often their re-telling of the story is not exactly the way the notes in the files describe the situation. Belaboring this point can become a he said, she said which rarely has value for either side. Typically we find it best to act within the parameters of the contract they signed in resolution, which may or may not make that client happy with the situation. As a small example, we have people who are unhappy when a refund does not include the processing fees; almost every leasing company, bank or financial institution charges a non-refundable processing fee. This is hardly unusual, or cause to believe that we are in some way unethical, and is very clear on our documentation.

My hope is that your readership realizes that there are two sides to every story. It is very difficult to see one's name in print citing a something negative, however experience has taught us that not every one will be happy, but we take pride in knowing that the list of happy clients far, far, exceeds those that feel they had a bad experience.

Sincerely,

Judy DiVincenzo, the Board of Directors, and the Staff of GCR Capital