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DON'T DO THIS DISGUISED LEASE AND INSURANCE SCAM

Direct Capital - DON'T DO THIS DISGUISED LEASE AND INSURANCE SCAM
Direct Capital - DON'T DO THIS DISGUISED LEASE AND INSURANCE SCAM
This company is a joke and their strategy to trick you is amazingly good. They sell this like your getting some great financing a tax write off but in reality , your paying some dumb *** insurance and interest. Dont do this type of financing unless you like taking money and throwing it into a fire. Anyone that pays $1200 for an ipad im sure has a visa card with a better scenario then these clowns. I feel these guys are no better then your average criminal, I should be reimbursed and a clas action lawsuit is in order. In fact I am going to call my brother.
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2 comments
#1793235

Indontnhabenancluenwhybanyoke would do this lease in their right mind , makes no sense , you pay like $1600 then still owe another $600 what a joke I was tricked too

#1793069

pathetic company for sure

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ID
#1728306 Review #1728306 is a subjective opinion of poster.
Service
Direct Capital Equipment Leasing
Pros
  • Think they are shady
Cons
  • How they masked a lease as a loan
  • Interim rent scam
  • Bait and switch - lack of resolution
Reason of review
Poor customer service
Loss
$500
Preferred solution
Let the company propose a solution

Scam Artists!

I receive a call from someone stating their name was David. He had a strong middle eastern accent and barely had any command of the English language. He said he was from the "legal department" for Direct Capital and that I owed money for a loan I supposedly borrowed from a company called Spot loan. I have never heard of this company nor borrowed any money from them! Please, get a REAL job and quit with the scam calling trying to get money from people! This is pathetic!!
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ID
#1643364 Review #1643364 is a subjective opinion of poster.
Location
Meridian, Idaho

Apple corporate should drop CIT now

Apple Corporate should be held accountable for using this 3 party vendor my experience with them has made me give up on Apple Thought I was getting a loan when we were getting a lease for an Apple ipad also at the apple store employee gave me the idea that I was paying to own. I was directed to them via Apple, a company that we trusted. We were charged far more than we originally were told that we would be paying. DO NOT GET INVOLVED WITH THIS COMPANY
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ID
#1622375 Review #1622375 is a subjective opinion of poster.
Location
National City, California

Rip off con artists!!!!

These *** are con artists. They jack up your rate, change terms and then try to charge late fees, ridiculous penalty charges, hang up on you and lie about talking to you and such. Completely shysters and liars.
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ID
#1592617 Review #1592617 is a subjective opinion of poster.
Location
Washington, District Of Columbia
Service
Direct Capital Equipment Loan
Pros
  • Think they are shady
Cons
  • Interim rent scam
  • Bait and switch - lack of resolution
  • How they masked a lease as a loan
New Reviewer

Never received original contract and can not get a copy

They hung up on me 10 times
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ID
#1592479 Review #1592479 is a subjective opinion of poster.
Location
Washington, District Of Columbia
Reason of review
Poor customer service
Loss
$30000
New Reviewer

Rip off

Same story as many of the others. Thought we were getting a loan when we were getting a lease for an Apple computer. We were directed to them via Apple, a company that we trusted. We were charged far more than we originally were told that we would be paying.
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ID
#1500624 Review #1500624 is a subjective opinion of poster.
Service
Direct Capital Leasing
Pros
  • Think they are shady
Cons
  • How they masked a lease as a loan
  • Bait and switch - lack of resolution
Reason of review
Not as described/ advertised
Loss
$1200
Preferred solution
Class action lawsuit
New Reviewer
I wish I would have read these reviews. 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...
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ID
#1391851 Review #1391851 is a subjective opinion of poster.
Location
Portsmouth, New Hampshire
Service
Direct Capital Loan
Cons
  • Bait and switch - lack of resolution
Reason of review
Not as described/ advertised
Loss
$16000
Preferred solution
Payout of equipment only at 4% penalty

This is the worst company, stay away.

Direct Capital is constantly overcharging me for things they do not disclose. I am frequently paying for stop payments because they all of the sudden just decide to double my payment. I have proof of this. They keep adding charges. Whatever you do, do not work with them or lease anything. Also, I have left numerous messages and no one ever calls me back in billing, sales, or any other office I am referenced to. The customer service is absolutely horrific at Direct Capital. I am filing former complaints with the BBB and any other consumer advocacy group I can find. I strongly advise that you do not do any business with this corrupt company. They make false claims and promises all the time.
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1 comment
#1540321

Forget about the BBB. They are not the Commerce Police and have no legal authority whatsoever under any circumstances.

They can and will do nothing. Nobody arbitrarily doubles payments for any reason other than an unpaid previous balance.

ID
#1330521 Review #1330521 is a subjective opinion of poster.
Service
Direct Capital Loan
Reason of review
Problems with payment
If you trying to find leasing for the first time direct capital can have a few surprises for you IF you don't pay attention to the contract and ASK FOR what you want. Remember they need you and want to compete for your business. We leased some industrial equipment and...
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ID
#1222765 Review #1222765 is a subjective opinion of poster.
Service
Direct Capital Equipment Leasing
Reason of review
Problems with payment

This lender is not good.

After the contract was signed they applied an insurance on the equipment that i alredy have it insured. Tried to talk to them about paying it off since i found a better lender they want the interest payed first.
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ID
#1196666 Review #1196666 is a subjective opinion of poster.
Location
Portsmouth, New Hampshire
Service
Direct Capital Equipment Loan
Reason of review
Problems with payment
New Reviewer

Contract for End of lease is fraud

Your option at end of term is not at all defined in contract then at the end they make up a buyout number to the equipment you have been paying on for years and bought it twice over. No explanation no appraisal and you as consumer knew nothing of this until the end! Do not ever think of using Direct Capital! The most fraudulent contract fraudulent company out there!
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ID
#1172132 Review #1172132 is a subjective opinion of poster.
Service
Direct Capital Equipment Leasing
Reason of review
Problems with payment
Let the *** walk.....Lets start by saying I have been in business for the last 38 years. I changed the name of my company over a year ago, so now they consider me a new company. I gave them all the necessary paperwork to prove my status. They accepted it and still come...
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ID
#1135810 Review #1135810 is a subjective opinion of poster.
Reason of review
Pricing issue
I am a small woman own company and I was told completely different things through email and on the phone that there's no prepayment penalties on contracts, then when I go to pay the contract off they want to charge me all the interest on the loan which makes absolutely...
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ID
#1111379 Review #1111379 is a subjective opinion of poster.
Service
Direct Capital Loan
Reason of review
Problems with payment

Fortunate HVAC company in PA!!!!

I was considering financing dispatching software for my HVAC company. I was referred to Taylor S from Direct Capital, by a software company that I was considering. At first I thought that it would be a good idea to spread my payments out. I've been in business for 20 years, and in sales for ten. We went through a Name change, and Direct Capital used the "Take it away" trick, by turning me down at first saying that I had not been in business long enough. After calling them and explaining my situation to Taylor S, he used the same trick used by some unscrupulous automobile dealers, leaving you on the lot while they go talk to their sales manager. Taylor S kept putting me on hold while he went and talked to his "underwriters". He finely came back telling me he got me approved. He immediately wanted my bank information so they could start taking payments by ACH. This was without my seeing any kind of agreements. I slowed him down and asked him what interest the rate was, and it was over 15%! I thought it funny at the time that he wanted my bank routing information immediately. The only reason I didn't make this bad deal was because, I was also in the middle of transitioning banks, and thought that could become a problem for them. Switching banks took more time than I thought, in the meantime Taylor S kept sending me some agreements to sign on a daily basis, with phone calls every other day, I just started ignoring him, and he emailed me every day and called me every other day for weeks. In the meantime I started shopping for other dispatching softwares. When I explained this to Taylor S he sounded disappointment, but understanding, at the same time. Taylor S then used the "Time is of the essence trick", that my financing opportunity was going to run out. When I called Taylor S to tell him even though my time is running out, I was still making the decision between software companies that I was going to use for my dispatching, and that we would just have to let the time run out. Taylor S at that point instead of just telling me OK, he got very rude telling me he wished he would've been kept in the loop. He became very "bullyish like", making me feel like I had done something wrong. I had kept Taylor S informed the entire time I was considering financing the software, of the reasons why I was being delayed. I became suspicious when I experienced his unbussiness like attitude, that's when I went online to check Direct Capital's reviews, and found this site with so many bad experiences with Direct Capital. I am fortunate for the delays that kept me from financing my dispatch software! I will not be buying the software from the company that introduced me to Taylor S, his his mysterious "underwriters", and Direct Capital. I am also blessed to be well informed now, and will never use Direct Capital to finance any kind of business undertakings that I may make in the future! I expect that Taylor S lost some kind of sales commission for writing my loan, thus the bullyish kind of attitude!
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1 comment
#1540776

Do not get a Lease from Ryan Arsenault or trust Alexander or Aaron. They are all scam artists.

ID
#1092478 Review #1092478 is a subjective opinion of poster.
Location
Portsmouth, New Hampshire
Service
Direct Capital Sales Representative
Reason of review
The pushy sales tactics
Loss
$6000

HORRIBLE!!!!!

Scammers Beware of this company
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ID
#1080209 Review #1080209 is a subjective opinion of poster.

Worst company

I have only been behind on two payments. I attempted to make it right within a 7 day period. I will still make it right. However, I felt with the most disgusting human on the face of this planet. No one should ever talk to ANYONE FOR ANY REASON like I was talked to. You haven't heard the last of me Joe.
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ID
#1063342 Review #1063342 is a subjective opinion of poster.
Service
Direct Capital Equipment Loan
Reason of review
Problems with payment

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