When banks refuse/reject your loan, companies that help you with funding can change your problem in no time. Are such companies legit? What if we face any fraud?
In reality, most individuals are in the same confusion. Recently, a funding ripoff report took the Internet by storm, and the most shocking part was that the platform was highly reputable and had been in place for a long time.
What did Kennedy Funding face? Were the allegations factual? What did the ripoff report say, or can we trust the platform? Well, too many questions get all this under one roof. Explore more to grab complete details!
Brief Guide on Real Estate
Real estate means land or anything built on it, such as houses, apartments, buildings, or warehouses. All such types of things are called real estate.
People own such real estate to rent, live in, or keep it as an investment.
There are multiple forms of real estate;
- Residential
- Commercial
- Industrial
- Land
What does Kennedy Funding do?
Kennedy Funding is a private company that offers nationwide lending for all types of commercial property. They specialize in bridge loans. Kennedy is a renowned institution that has continued to assist individuals in financial crises for over 23 years.
Kennedy has crossed $4.0 billion in loan closings. They also offer real estate loans for land development, construction, note purchase, bankruptcies and workouts.
Their claim of faster and more flexible choices than banks has attracted many.
However, the company has been a topic of discussion for many investors and borrowers; often, people ask to think twice before reaching Kennedy Funding, which has now led to ripoff reports.
Key allegations against Kennedy Funding
Now, you have knowledge of real estate, ripoffs, and Kennedy funding. So, even if you were reading for fun or just to be aware, you can understand the allegations and ripoff report more clearly.
These are the majority thoughts of people who’ve been on Kennedy;
- Lack of Transparency about Money: The company fails to explain all charges clearly, which eventually causes confusion and doubt.
- Difficult to Contact: For many, getting in touch with them and clearing their doubts was challenging. Which builds trust issues.
- Make wait for long: Giving loans sometimes becomes time-consuming, and they even fail to give you on the time they have committed.
- Change the loan: They don’t keep anything on humanitarian grounds, as once you sign the contract, it becomes tough to change any terms, even if the situation changes.
What does the Ripoff report say?
The smart world has given individuals the right to share their opinions and experiences with the world. It has made things easier than before; now, you can check reviews prior to getting anything.
Likewise, when people had bad relations with Kennedy Funding, they shared their stories on the Internet, which later led to the Ripoff Reports.
Stories and complaints are Ripoff Reports shared by individuals who borrow from Kennedy Funding. These reports are written online on websites, which made this topic a buzz.
Now, whoever has faced fraud or cheating, even from the other companies, is coming up with their stories. Such allegations put a question mark on Kennedy Funding’s business ethics.
Issues of hidden fees, problems with getting help, and other matters are coming up that are ruining Kennedy Funding’s reputation. These reports are the proof that will help others not fall into the trap.
How does Kennedy Funding react to this?
Anyone whose years of hard work are being criticized like this must be having a bad time. Obviously, they can’t sit still and see this destruction of the company.
They have to come up in defence. Kennedy Funding responded to some of the allegations made in the Kennedy Funding Ripoff Report. They refuse to be a part of such unethical activities for which they have been called guilty.
They assure that they will strictly obey all lending rules. Many complaints were filed against the company, which should not be taken seriously, as per Kennedy Funding.
Kennedy also mentioned that they have taken several steps to improve their services. They are more precise with the terms of loans. They hope this will reduce misunderstandings and promote positivity about the company in the future.
Closure
Taking money as a loan is a big decision; it’s vital to be careful, do complete research, and acknowledge all the drawbacks before signing the contract.
Reviews talk much about the company, and the Internet brings variety, so be smart and choose wisely. Being informed is your best defence against such ripoffs.
I hope you took all these positively and are careful when taking out loans or real estate. What you uncover about Kennedy Funding depends on how deep you’re willing to dig.
