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Report: #1301056

Complaint Review: GeNESIS Capital Group - Irvine California

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  • Reported By: Terrill — Palm City Florida USA
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  • GeNESIS Capital Group 17551 Gillette Ave Irvine, California USA

GeNESIS Capital Group Changed terms and kept commitment fees ($1132) Irvine California

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I was given terms of a lease proposal to which I agreed. I sent a check for $1132 to secure the proposal. 1 week later, I was informed the terms had changed (monthly payment increase from $566 to $627). I declined the new proposal and wanted deposit returned. They refused and said they had the right to change terms and if I did not like it, I would loose my deposit. Trying to talk to this guy was like arguing with a fence post.  I went to another financing institution and got a lower rate ($532) with no "fair market buyout" clause. I should have searched reviews before doing business with them. This $1132 loss/education has actually saved me $6000 plus $15000 "fair market value" buyout. It's a shame, they are more interested in predatory tactics instead of honest dealings. The company I am purchasing equipment from turns $26,000,000 yearly and would gladly share their customers for financing. For a measley $1132, GeNESES looses out on a huge market. You've been forewarned.

This report was posted on Ripoff Report on 04/21/2016 10:45 AM and is a permanent record located here: https://www.ripoffreport.com/reports/genesis-capital-group/irvine-california-92614/genesis-capital-group-changed-terms-and-kept-commitment-fees-1132-irvine-california-1301056. 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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