Consumer reviews and reports on scam companies, bad products and services
Unsecured Business Funding
Unsecured Business Funding Class Action Lawsuit against Terry Shaw, et al. Fraud, Scam, Liars, Deceivers, Swindlers. Email us to join our Lawsuit. 92
13th of Apr, 2011 by User329002
You can read the other testimonials on here to describe exactly how they will treat you. If you have been affected financially by this company, then we need your information sent to us at the following email address:
We are working with a great group of lawyers that target crooks such as Terry Shaw and the company he represents. It appears that this company has blatantly misrepresented their main objective by falsely advertising and then verbally expressing BIG promises through their sales team, which goes against the 'Deceptive Trade Practices Act'. SUBCHAPTER E. DECEPTIVE TRADE PRACTICES AND CONSUMER PROTECTION ACT
See Sec. 17.12 & 17.46 specifically.
http://www.statutes.legis.state.tx.us/SOTWDocs/BC/htm/BC.17.htm They assure you that you will get funded and make bold claims, however, it appears that they only want to get your $249 then charge additional exorbitant fees to set up a corporate structure and trade references through Dun & Bradstreet (which is free to anyone)! If someone chooses to do this on their own (like me) then they are treated as a 'moron', talked down to and find that the 'quick funding' is just smoke and mirrors! So in your email, we need the following: - Proof of Money paid to UBF
- Any and ALL communications (emails) that took place
- Other documents that pertain to this group that may be useful Please help us get this out quickly by posting it in other places (message boards, complaint sites, respond to posters (with the above message) that made complaints and wish they had help in fighting back. Sincerely, Justin
Houston, TX
Comments
4732 days ago by Ckm78
I have been a victim. What is the update? I have tried several things and none have helped so far.
4701 days ago by Daque75
I am a victim and am in the middle of a CC dispute with them. I guess I should get ready for a fight. Anything can do/provide, I a more than happy.

Thanks!
4683 days ago by Anonymous
I want to know how I get my $249.00 back. Due to the fact that I was told By the COO that they will not be able to get my funding for my business, even thou, I stated that I wanted to funding on a collateral business loan.

The risk analysis was nothing but my personal credit score and a check of a boxes of what the credit report revealed. I told you that my personal credit score was 658, 668 and 688 the risk analysis only showed 658.

Per my conversation with Jay Anderson, he stated that I was not qualified and he would not be sending my folder to any lenders, because I would not purchase their products that would better my company credit-payback score. Those products were to improve my company VIN, SIC and NIC credit score for the business.

Unless I purchase this product, Unsecured funding will not be able to help me find funding. The contract states that they will work on my file on my behalf until funding was received.

a. I told you up front what my credit score was
answer: You told me that you have help people with lower credit scores that mine
b. I told you that it was a start-up business, and had four years experience in the
same industry
answer: You told me that that was not a problem
c. I asked you do you think that Unsecure funding would be able to help
Answer: I was told that Unsecure Funding had a ration of 92% of finding
funding.

I spoke with Jay Anderson and Terry Shawn - Supervisior of underwriting, both made it clear that since I was not purchasing the product for $1500.00 that I did not qualified for funding, just like that.

Jay Anderson had already made that dicision within the time I spoke with him, his decision was as he stated to me that I did not qualified for a loan and he was not sending my file to their lenders. That does not sound like Unsecure Fund has worked on my file until they obtain funding.

In California there is a three days rescend on any contract, you need to refund me my $249.00. And I will move on to find the funding else where. Per the contract states that Unsecure would work on my behalf until funding has been received, however, because I would not purchase financial products from Unsecure Funding Underwriting department, Jay Anderson, already stated that he would not be sending my file to lenders.

Sincerely,

Arlene Bell-Sparrow

(510) 676-8200
4683 days ago by Arleneabs
here is your email [email protected]
4673 days ago by [email protected]
Justin,

I would like to talk with you. I have also been swindled by this group. I think I can help you and others with this matter. Please contact me at [email protected].

Patrick
4669 days ago by Destiny T
Wow, It just sounds like to me that all of you need to have some excuse to get $249.00 back. I worked with this company and received the funding as promised. I did follow there lead and the outcome was great. I felt like my experience was great and I would recommend them to others. They helped me build a profile and get a business plan in place for my start up business, my credit scores were 658, 676, 679 so maybe you all need to actually stop getting pissed by the outcome and follow the underwriters advice. I know first hand by doing that you can and will receive funding.
4630 days ago by Ronda Howard
Ronda

I want to join in on this lawsuit, Unsecured Business Loan took my $249.00 and did not provide
any service. I only recieved one call from a underwriter who requested $4, 000 to build my business
credit, I told her no and that was the only call I received. I have tried to contact the company, but the
underwriter has not replied.
4545 days ago by Ianrazave
"Destiny T": apparently you're one of those robbers at Unsecured Business Funding!!! I've been robbed by these low class pricks too...let me know how I can help fighting against this scam.
4399 days ago by Pfont
I was a victim of these guys too, same comments as everyone above, when I requested payment from my bank they stated that the company is listed as Dog Food Suppliers. What is the status of the claim can anyone help? I will join the lawsuit as well.
4399 days ago by Pfont
Patrick, are you still working on this?
Thanks
4326 days ago by VeryUpset
I too am a victim of this fraudulent business, they took my money & business information and stored taking my calls andreturning my emails. Then 60 days or so later debited my account for funds without my authorization. I was told Jamie who was assisting me was working and would return my calls and tried calling at different times only be ignored or told the same thing. Please get this suit together to save the next person!
4203 days ago by Angela Sales
i have all the documents. I may be able to help.

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