Eastern Funding Source reviews and complaints
The good, the bad, and the ugly - discover what customers are saying about Eastern Funding Source
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Scam Artists
Where to start when it c0mes to this company? For starters, it's a rip off! They have people who have absolutely no clue about the cash advance business call business owners to harass them. Business owners get called by at least 2-3 different people on a weekly basis trying to convince them to take out a cash advance on future credit card receivables at a ridiculously high interest rate. Your asked to send vital information that WILL be shared with other companies. They tell you not to worry, that it's kept only with them, but it's NOT true! I know this because I've worked there and know how they operate. This particular company is currently managed under Michael Davidson. A man who has never worked in this business before! He has his sidekick, John Rinaldi who also has never worked in this field. They rip off clients as well as employees. They are always trying to find ways to deduct your pay. Your deducted an hour for lunch, no matter what. You get deducted for going to the bathroom. You even get deducted if you log off the call system to speak to the manager! They make promises of bonus' but rarely do you see it. They charge clients for changing credit card machines that THEY make you change. I could go on writing forever about his company, however, I do not have the time to do so. I will warn you to stay away from owner Mark Hanna, whose main office is EVO PLATINUM ADVANCES GROUP LLC, located at 515 BROADHOLLOW ROAD MELVILLE, NY 11747. His sidekicks, Michael Davidson, John Rinaldi, and Thomas Accota. THEY ARE PROFESSIONAL SCAM ARTISTS! Be wary when you deal with these people because they'll step on you just to put money in their pockets.
The complaint has been investigated and resolved to the customer’s satisfaction.
liars and crooks
I was contacted by this company to get a merchant cash advance, not only did they lie to me about the funding amount they also charged me a fee for the advance of 1350.00. This was never mentioned to me by the sales rep Mark who claimed to be the director.
I have used this type of service befor and do recommend it but never with these guys they seem to run some kind of a scam.
Stay away from them!
The complaint has been investigated and resolved to the customer’s satisfaction.
Uggi, Sorry for your bad experience. Next time Please give me a call at KV Management. Our short term loans are Typically 50% Cheaper than Merchant Cash Advances.
Bill Lambert
Sales Manager
[protected]
A bunch of crooks
I was hired by this company to be a "Account Manager." The person who hired me was named Greg and he promised me the world. Telling me all about how much money I could make and how great an opportunity this was. After working there for 2 days I realized this place was a scam. Not only do they rob their clients blind through false advertising but they also rob their employees. Whether you take lunch or not they deduct an hour. If you go to the bathroom they deduct 15 minutes. These are the same people that brought down the subprime Mortgage industry and destroyed our economy. Beware of hidden fees and corrupt business practices. STAY AWAY FROM THIS COMPANY
I worked with a representative named Alex from Eastern Funding Source. He told me I would would be receiving $10k today and another $10k next week (at a rate of 40%) . So I needed the money and agreed to sign the contract. Not only did I never receive the second round of funding but every time I called back they said he no longer worked there. Then as a final kick in the face I looked at my bank account and there was $1000 taken out of my account by some company named TSM Management. I later found out that this was a "Risk Assessment Fee" charged by Eastern Funding Source which I knew nothing about. As the previous post said STAY AWAY FROM THIS COMPANY.
The complaint has been investigated and resolved to the customer’s satisfaction.
I just started working there as a telemarketer. Its been only a day but I can see where you guys are comin from, they seem like a scam. There interview process was horrible, they made me train right after for 4 hours and didnt ask for any information regards to the position. But they payin the bills so wat should i do>
The subprime mess was caused by Freddie Mac and Fannie Mae and the Democrats in congress, which was what in turn destroyed our economy. Democrats: ### ups always.
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Can anyone tell me where this business is located? I have a friend who recieved a call from a compnay with an identical name...(but without the word Source)
It's companies like yours that caused the recession. Just remember, karma is a ### & it's going to come back & bite you in the a$$!
John, what you are preaching is true, but that company needs to be held liable for all their bs. Seriously, I can understand it hards to work with those conditions, and Mike and John did the best they could. But in reality alot more could have been done to make it better. To start, there behavior is not acceptable for a business. Yelling and cursing while employees are around is not right. Hiring people and then firing them a few days later is not right. Reducing employees pay from 30 hours to 20 is not right. They lack success because they are unprofessional employeers. I seen them do some very shady stuff behind closed doors. And i know you have too. How many times did Mike yell at you for no good reason. Did that make you feel good? Im just saying that what they have done is not right. And for all the reasons you have listed such as pipeline leads dying or deals not closing. Thats not the Telemarkets fault. We have to generate leads and we do, so we dont deserve that type of treatment.
Michelle.
btw i still work at evo.
how r u doin ra.
To all EFS employees,
Lets stop bashing everyone else. Everyone is out there to make money. It's a capitalistic world. If you couldn't make it in that place, its no one to blame but yourself.
If you feel you got robbed or fooled, then that is all on you. I'm not going to lie, cash advance is not easy though it may sound easy. I respect John and Mike because they are people too. We all have many short comings and strengths. So please, be understanding. It's not easy to have that pressure to put 1Mill out on the street per month when we charge 1.35 - 1.5 factor rate that goes from anywhere to 4 - 9 month program. It's not easy to run a quality call center when your weekly/monthly budget for payroll is way less than what you want. It's not easy to keep all the sales people happy when deals go bad after the closers put in their 100%. It's not easy to stay calm when you have 20 deals in the pipeline that are all about to die because of nonsense b/s.
But I also understand that as a t.m... not getting paid during bathroom break, cigarrete break, whatever break; may seen unfair. I understand the frustration when you are told that you will get "30" hours a week, and realistically you only get paid for barely 20. It is what it is. Call it whatever you want to call it. But lets be gentlemen here and not belittle other people. We are people.
Which means that we are prone to failure and shortcomings. There is probably more to be said but I'll end it with this. I miss you all and I hope you guys are all doing well.
-Jonathan.
Is that you john ra?.anyway that company is horrible. They got the worst people working there espically John and Mike. Both are out to rob and hurt their employees. I saw them hire a girl and fire her same day. That whole place was meant for failure. Even that horrible ugly girl terresa is out to hurt employees. Working there was the worst experience of my life. I did telemarketing for cash advances. We would just cold cold companies, and if you didnt get a lead they send their employees home and had this stupid girl named terresa to confirm all the deals. She was a sidekick to John and Mike.
The reader above is correct. They all are out for themselves. I worked there aswell and cant begin to tell you how horrible they are. They yell at employees and treat them like nothing. They scam you out your money and pay you nothing for working. On top of that they scam all their merchants. They sell you cash advances like a corp mob and make you switch your prcoessor and dont even tell you to the end. They run this call center horribly because they lack people skils. They will rip you off just like they do their merchants. David and John are both out to just make money. They hire and fire people by the day. Worst company to ever work for.