Sloan Cvi
map-marker Houston, Texas

THE MASTERS OF SYSTEMATIC FRAUD AND DECEPTION - GENESIS COMMERCIAL CAPITAL LLC

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Self been in business for 19 years; dealt with over 14 leasing companies. Some are decent and straight forward, some carry deceptive verbiage in their contracts but do not utilize it to the extreme; some implement systematic fraud and deception to get the best out of your hard earned money. Genesis Commercial Capital LLC is THE MASTER OF SYSTEMATIC FRAUD AND DECEPTION! Deceptive, manipulative, abusive, ill-mannered executives and a lying loan processor. No one wants to write anything in an email… they want to talk on the phone because California law requires the consent of both parties to make a voice recording stand in court; otherwise you may record conversations all day… it does not help you. Sweet talk in the begging, once you sign the first document you are locked in. If you do not continue, you lose thousands, and if you continue, you lose thousands. You agree to certain terms and rates, like $1 buy-out; thereafter, they slip in paper work with fair market value and completely different rates. This is besides the fraudulent interim rent charge that is a bogus unearned money that they attempt to rip you out of for a period before they own the title on the equipment, and when the equipment was solely owned by your vendor who put it in your possession for evaluation purposes. Bottom line: deal with them, you are guaranteed to get burned out of thousands of dollars. BEWARE OF THESE MASTERS OF SYSTEMATIC FRAUD AND DECEPTION!
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Loss:
$25000
Cons:
  • Systematic deception
Reason of review:
theft by deception

Preferred solution: Let the company propose a solution

Anonymous
map-marker Jackson, New Jersey

REFERENCE: Baiting Committment Letter..1.00 Buyout

please remove my original complaint involving Genesis Commercial Capital LLC. all issues have been resolved. Genesis Commercial Capital LLC is a fair lending company...posted 2010-08-24..please e-mail when removed ...if any other info is needed contact Pat Schommer@ hotbikes@***.net E-Maill Feed Back i am demanding that the the posting that your company has posted against my consent be removed immediately..i have asked that this posting be removed prior to this date with no response..the posting was posted 2010-08-24...baiting committment letter..1.00 buyout...Genesis Commercial Capital LLC...e-mail response Confirmation Code
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Anonymous
map-marker Carson City, Nevada

Baiting committment letter..1.00 buyout

Genesis Commercial Capital LLC...the bait and switch company...beware of changing documents...they are a very deceptive equipment leasing company that will take advantage of the consumer...very shady contract...read every line ...they do not respond in writing and are very quick at sticking the consumer with all that they can.....NOT a company of good ethics...stay clear....we signed a commitment letter with a dollar buyout only to discover that they had changed the terms on the actual lease without me catching it and did not realize until the buyout....paid 44,000.00 on three year lease with a buyout....the buyout is 22,000 dollars...nice ...the company has no regards to you the consumer...they are just out to make money...at whatever way it takes....consumers beware of this lease company....
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2 comments
Guest

Gen-Cap or Genesis Capital will lie to you over the phone when they ask for a "final payment" that you shouldn't have had to pay anyway. Then they call saying that your account is still open and won't provide proof.

They won't email or send you any documentation.

They just keep calling trying to harass you into paying more. This is all AFTER your real final payment has been sent and cashed.

We're actually getting our legal to attempt to get back our "final payment".

Guest

They did the same thing to us. This company is full of swindlers.

No moral bearing. I have found many people out there saying the same thing...do internet search on Genesis Commercial Capital Complaint and Genesis Commercial Leasing Complaint

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