RBSL Group, Unsecuredline.com, SBFC Scam to get money out of you under the pretense of business loans and business credit South Jordan Utah

I am the "brother James" referred to in several different posts about Payout One, RBSL, Unsecuredonline etc. On Wednesday April 7 2010 the Honorable Randall L. Dunn ruled in mine, and my wife's favor in a suit brought by Payout One/ Rich Ferguson in which Ferguson and Co claimed a grand conspiracy to defraud them. There are many details so I will simply sum up: 1. POO failed to meet their burden of proof as to intent to defraud. 2. POO failed to meet their burden of proof as to reasonable reliance. Judge Dunn saying to Wesley D. Hutchens of Scally Reading, council for POO/ Ferguson, "You just don't have it... didnt even come close.  To which Hutchens responded I don't understand", then proceeded to argue with the judge for about an hour. Judge Dunn calling POOs business model morally reprehensible,  finally stated that he couldn't make it any clearer that with the collapse of the sub prime mortgage market POO simply "got left standing on the dance floor without a chair". Judge Dunn also stated as to Bob that " no person would sacrifice that kind of money (referring to Fergusons testimony about Bobs income)  and own company over one loan, its simply irrational".  Judge Dunn also stated that he didn't understand why this suit was brought and believed that it was a personal vendetta brought by Ferguson and in the end everyone lost something. (Essentially POOs  own exhibits, some 5000 pages worth, and testimony of their own witnesses, especially Ferguson sealed their fate.)

Ferguson,  his cronys, and attorney Wes Hutchens have made mine, my wife, my brother Bob and his entire families lives hell for better than a year, bearing all sort of false witness, telling wild stories and outright lies, handing out harassment and dirty looks whenever possible. Now the gavel has fallen and brought Rich Fergusons reign of terror to and end where my family is concerned.

To the rest of you whove had the misfortune of being mixed up with Payout One, RBSL, Unsecuredonline, or whatever Ferguson & Co. are calling themselves, I wish you Godspeed and good luck.

Bob, the "former partner" was the partner in another business model in which we were providing direct loans.  Bob was responsible for helping us develop that business.  In the end, that business model failed, as we were unable to get paid back on a large number of the loans.  He was also responsible for misappropriating company funds for personal and family purposes, in a manner to hide the true intent from the owners. These amounts totalled over $80k.  He was also responsible for making loans to associates of his that have never been paid back, totalling over $160k more dollars.  To date, we've been able to recover $35k of the $80k, which only happened when a title company threatened a criminal complaint against Bob.  The other $45k is working its way through the courts right now, as Bob's brother is trying to claim he doesn't owe us the money.  The brother is "James" referred to in another posting.  

Bob, the "former partner" was the partner in another business model in which we were providing direct loans.  Bob was responsible for helping us develop that business.  In the end, that business model failed, as we were unable to get paid back on a large number of the loans.  He was also responsible for misappropriating company funds for personal and family purposes, in a manner to hide the true intent from the owners. These amounts totalled over $80k.  He was also responsible for making loans to associates of his that have never been paid back, totalling over $160k more dollars.  To date, we've been able to recover $35k of the $80k, which only happened when a title company threatened a criminal complaint against Bob.  The other $45k is working its way through the courts right now, as Bob's brother is trying to claim he doesn't owe us the money.  The brother is "James" referred to in another posting.  

Bryan,

I am a former partner in this organization currently involved in cooperating with several state and federal authorities with regards to RBSL and company. If you are serious about getting involved with a lawsuit, we need to visit.

It appears Bryan has read my previous posting and has asked for the chance to speak with the owner to settle this matter. I invited him to do just that in my last posting. He has my name, and he has our number. He can simply call me up and get this resolved. I'm not going to put my direct number here as I have staff that normally works with our hundreds of new clients per month, but I am happy to visit with him if he calls the office and wishes to speak with me. He simply needs to ask for me by name. We desire to settle this matter amicably as well. We are not in the business of scamming people out of a few hundred dollars. We've been around for years, and intend to be around for decades to come.

Since I cannot tell who this client is, and since we don't have a Bryan from Vegas in our database, I have no way to reach out to you. Our best guess is that this is probably a disgruntled customer named Troy (I'll leave off the last name), who has been pretty belligerent all along, and has been anything but sincere in efforts to resolve this misunderstanding.

I'm willing to set this aside Troy and discuss this and resolve it to everyone's satisfaction.

Sincerely,

Richard

I applied to rbsl group in jan/2009; they informed me that they could help me get a unsecured line of credit. They informed me that it was a fee of 329.00 to pull my credit and have it reviewed to determine how much my fees would be if i wanted to go along; I agreed to pay the 329.00. They pulled my credit and i was informed that i was in good shape; once i reviewed it i realized that it was a 30 day late on a mortgage that was not supposed to be there; this upset me so, i informed the representative that i would like to take care of the 30 day late before i moved on and that i would contact them back if i wanted to continue with their service; i did not feel comfortable with paying those amount of fees to get a credit line so i was really leaning toward not doing it and just chalking up the 329.00 which was fair; i spoke to the rep maybe once or twice after that and had informed him that i still had not made a decision; i received calls maybe once or twice a week from them through feb/march/ and i just didnt answer because i wasnt interested and i thought that would be that; i am going through my email and i happent to click on something that think is junk mail and it is rbsl group telling me that they are charging me a additional 750.00 for them contacting banks and not approving or denying approvals; I never told anyone to contact any bank for me, nor did I even know that they were doing this without my approval.

I am very disgusted that they are trying to do this and i believe it is unscrupolous and unlawfal and i am ready for the fight; I hope the owner or a employee reads this and does the right thing and leaves me a direct contact number so that we can speak immediately; I really would like to resolve this in a professional manner and hope that this is just a misunderstanding on their part so we dont have to result to legal proceedings over this. I am not going to scream fraud and unlawful just yet until the owner or a employee responds to this rebuttal and gives me a number to contact them so we can clear up these charges for services that i did not authorize. Come on mr. owner leave my your phone number and i will call you immediately. Since the economy is slow i have nothing better to do but go to court and fight so please lets save us both a lot of time and do the right thing by refunding my money that you are attempting to charge. Oh yes by the way i have contacted my credit card company and they are going to dipute the charge and remove it anyway i would just like to speak to you personally so that you can tell it was a mistake so I can come back on this blog and inform the people that the company ownership is legitimate. Thanks

This is in response to the complaint filed regarding both RBSL Group and SBFC Law Group. Rich has responded to the complaints aimed directly at RBSL and I will address the issues raised concerning SBFC Law Group.

SBFC Law Group is a small law firm that specializes in consumer rights law. This includes a credit enhancement service. Part of credit enhancement is having the correct information to be able to perform the service, just as in any job, the correct tools are used to complete the job correctly. To aid a client in enhancing or restoring their credit, both a social security number and credit report are needed. The credit report is used, obviously, to diagnose what errors exist and what can and cannot be remedied. The social security number is required to prove identity to each credit bureau. Without such information, no credit enhancement service could be completed. Any consumer is free to perform credit enhancement on their own and will have to provide the credit bureaus with proof of their social security number as well as their current mailing address.

The claim that SBFC controls your social security number and credit report is confusing. There are no issues of control other than SBFC keeps such information on file in their office to refer back to when needed. The credit enhancement process can take several months requiring several responses to both creditors and credit bureaus. Each time correspondence is conducted, proof of the social security number must be included. SBFC does nothing besides prove the social security number matches up with the client it is helping. There is no control of the number.

One last additional point - the client that has posted this complaint has never been a client of SBFC Law Group as far as I know. If Bryan from Las Vegas has in fact been a client, I would invite him to contact me to resolve any problems.

I wish I knew who the actual customer was so that I could address his concerns by using facts from the actual case. But "Bryan" makes several general accusations I wish to address.

RBSL Group is primarily a business consulting firm, which helps business owners get themselves into an ideal position to get financing. In today's lending environment, unless one is an A-grade candidate, the likelihood of getting financing is slight. We do have two affiliates. One is unsecuredline.com - which offers to help business get unsecured financing. We own that company. The other affiliate is SBFC Group. We do not own that company - or have a profit sharing interest in it. SBFC is a law firm specializing in helping clients improve personal and business credit within the framework allowed for by law. They go to great lengths to disassociate themselves from the hard-sell tactics and dubious claims of credit repair companies, instead offering realistic approaches to achieving maximum success.

The next claim says we were "desperate" to get them signed up. I hope that is not the case of the salespeople at our unsecuredline.com affiliate. We go to great lengths to keep people informed and give them a realistic path to achieving their financing goals. If "Bryan" will disclose his true identity, I will be pleased to look up who sold him and find out what happened and make corrections if appropriate. To give you context, Unsecuredline enters into agreements with several hundred people per month, and we rarely get excessive complaints, except from those individuals who are desperate and unwilling to do what it really will take to get themselves into a position to obtain financing. I do not want to impugn "Bryan", since I cannot look up his file and see his circumstances. But this is 99% of the complaints we receive.

To address the next question about the 15 or so banks, and the alleged pressure we put on people, let me give just a bit of background. In our business, we have had difficulty with dishonest people at times, trying to get out of paying us our fees when we line them up for financing from banks. This is because we relied upon the customer to report back and tell us what happened. As we are not a broker, but rather a business consulting firm, banks do not pay us to send them business (generally speaking). Furthermore, with the increasingly difficult lending environment it is incumbent on the client to be intimately involved in the process of getting funding. The days are gone when we can submit a few apps on their behalf and get them $500k. We have a small percentage of clients who are upset when they learn that we can't do everything for them, and that they themselves need to be involved. To mitigate some of these issues, during the month of January 2009, we launched what we call the Client Gateway, where we give clients access to the banks or lenders who will best fit their profile and to try and make the process as simple and user friendly as possible. We then try to offer coaching and provide extensive instructions on how to apply for each bank, giving them "insider" information based on our experience in working with thousands of borrowers with tens of thousands of applications with hundreds of different lending institutions. We felt that it was important to keep clients honest, that if we provided to them our proprietary system of banks and instructions, they needed to accountable to make an honest effort to apply and then prove to us that they were either declined (so there would be no fee) or approved (so they could pay the appropriate fee per the terms of the contract). If the client is not approved, they do not pay us. If the client refuses to provide proof, we can only assume it is because they were approved for some amount and do not want to pay us the typical points per the contract. So we have a provision in the contract, which requires the client to pay $250 (not $2500) per bank they choose not to supply us results from. If we did not require this, someone could simply cancel our contract, and go and apply later without ever having to pay us. Admittedly in rolling this out last month to several hundred clients, we have needed to tweak a few things in order to ensure people properly understand and are working towards their obligations in the contract. It is possible that "Bryan" is one of the first customers we rolled this new Client Gateway out to, and it is possible that we were imperfect in explaining his roles and responsibilities. But there is no "genius" scheme to subtely tie people into some oppressive contract. Such a contract would be unenforcable anyways.

I will let SBFC address the accusation that they "control your credit report and ssn" and that they failed to get any inquiries off. But suffice it to say, this is not true. SBFC offers a money back guarantee if they are not successful in removing derogatory credit items.

I invite "Bryan" and his brother "Doug" to contact us to resolve any concerns. I'm sure that a simple discussion could have resolved most if not all of his concerns.

Sincerely,

Richard