Client Review on Alliance Funding Group

Feedback:

COMPANY IS PURE MERCENARY IN NATURE - BUYER BEWARE!!!I was excited about the prospect of working with Alliance. I checked them out and their BBB rating seemed good. We spent two weeks going through all the hoops and finally funding was approved. That's when we finally were provided the terms of the loan/lease agreement.Not only did Alliance stand to make almost 9K on the lease of 20K in equipment, at the end of the lease they still owned the equipment, which we could then buy for fair market value or re-lease the equipment, or walk away from the equipment. hmmm the point was we were to own the equipment upon term???We were under the assumption this was a lease / purchase...not a lease / lease / continue to lease or get funding somewhere to pay for it again once you've paid us for it. BTW Alliance can sell the equipment anytime without providing notice, they can increase your agreed upon payment by 10% without notice, ask you to waive all rights to notice with exception of a demand for payment...etc.. just a sample of the ridiculous contract we were expected to sign.