Erika A Myn

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Don't even listen to them, they will mislead you

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Updated by user Jan 31, 2020

As of today, 1/31/20 I still didn't hear back from this scam company. PLEASE DON'T LISTEN TO THEM!

Original review Dec 29, 2019
I cannot believe that I let Sprout Financial MISLEAD ME and offered me multiple forms of financing for real estate investing and ended up in debt. I had to pay $4,268.44 for a company to impersonate me to apply for credit cards and the experience left me in debt, during the time I was in an out of a hospital due to a serious illness, it did not meet my expectation of getting cash/funds to flip houses. Over multiple conversations, Sprouts CSR told me they would reach out to banks about loans and let me know how much I would be approved for and I would have to pay 11% of interest rates AFTER using the funds. In multiple conversations, I confirmed they were applying for loans and that I would have to pay 11% IF I USE THE FUNDS. I remember during one of my last conversation, that Sprouts CSR told me that my "cards" were in the mail. At that point, I found out that they had applied for several credit cards in my name. I still remember that they were applying for LOANS not credit cards. In recorded phone conversations I was initially told that loan would be exactly like home equity line of credit and that is how it was explained, NOT CREDIT CARD. They then state that they liquidate credit cards to make line of credit. When asked about the liquidation process, they told me to pay them first and they could give me more information of how transforming the credit cards into cash. WHAT A SCAM! I still dont know what I was thinking when I gave permission to Sprout Financial create a fake email and use my personal information to apply for credit cards and charge me 11% of the approved amount. After all, I had numerous inquiries into my credit score, approved for 5 credit cards and not close to the amount I qualified for/requested. It was a waste of time and money working with this company. Some cards were as low as $2,000, which provides no help when trying to flip homes. I have cancelled those credit card applications myself and called Sprout requesting my money back, but I got no response from them. After 2 weeks of no return from them, I am here to let everyone know what kind of service they offer. If I wanted credit cards, I would have done myself.
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Loss:
$426844
Pros:
  • Money machine
Cons:
  • Mislead customers
Reason of review:
Not as described/ advertised

Preferred solution: Full refund

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