1. Written by Sandra M., on 10-08-2008 12:19
Hmmm, sure sounds like some sour grapes and personal attacks here!
I used trade capital twice in the past 5 years. No problems. My business parter was about to when she found all of these comments, stopping her in her tracks. I've been an investigator for 11 years, so I did my own homework:
1. Trade Capital has only ever had one client named Ken Williams, and he tells me he didn't write the comment below, which actually doesn't seem to make any real complaint anyway.
2. "B. Nish" appears to be Brian Nishimoto, who filed a similar complaint with the BBB, which was answered and resolved by Trade Capital. The borrower was determined to have improperly stated about his occupation on his application (enlisted military, not real estate investor), his loan was unwound, and all money was refunded. He did not repsond to the BBB.
3. The original story above matches other complaints filed by one Morgan Schaal of Dewey, AZ and/or his associate Michael Scheel of Boca Raton, FL. They say a great deal about being ripped off, but don't say how. It appears that Mr. Schaal, however, is a former client of Trade Capital, and credit specialist of some sort who operates through an apparently unlicened, unincorporated firm called "Morgan Hill Unlimited", as well as using the email server of Consumer Publishing Group. Consumper Publishing Group sells a self-published e-book called "The Credit Secrets Bible", which at some point did recommend Trade Capital. Mr. Schaal may have charged Mr. Scheel, who claims in some complaints to be disabled and seems to take advantage of indigent services, and others, to be referred to Trade Capital. Trade Capital filed a BBB complaints in NV and AZ to stop the practice.
Several complaints on this site, on riporrreport dot com and on complaintsboard dot com appear to match emails and anonymous voicemails sent to Trade Capital at about the same time. Some of the complaint are very threatening in nature. One appears to mention the name of Jonathan Warren't parents, and addresses him directly in an obvious intimidation attempt.
Mr. Scheel appears to have sent confirmation to Trade Capital that his complaint (which I could not define) was resolved. Mr. Scheel's loan was unwound in much the same fashion as Mr. Nishimoto's. Both were small loans.
Other complaints on this site and others match, and appear to be borrowers who simply need to learn to pay their bills. Trade Capital does not enter a loan for credit reporting when the first payment is late.
Others here appear to have stopped paying after jumping on the bandwagon, which naturally caused them to be reported late.
Most of the input here is from people who just don't seem to like Jonathan Warren personally. He may not be the most likeable person, but that doesn't invalidate the company and its products. C'mon guys, get a grip!
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