Consumer Reviews and Complaints

1. 

   First Equity Reviews & Complaints

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   Apparently many others are in the same category our rate increased from 13.32% to 24.78% in October then to 30.93% in December – We have never been late and I can find no notice. Sounds like a class action if anyone is interested please contact me at peter.[protected]@eccma.org, I have started the ball by asking for an explanation by certified letter – will keep everyone posted

   By Francoise Oderkirk

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2. 

   First Equity Reviews & Complaints

   (2)

   As the owner of Unaethetic Landscaping of Fort Worth, Texas I was offered a credit account by First Equity Card with a limit of $10, 000. I accepted and was approved. In April 2008 I attempted an online transaction of $8, 000. The transaction bounced, and I had to pay nsf and late fees. First Equity said they had no record of any transaction being attempted, and that my $10, 000 limit was good and ready to be used. I attempted again. This transaction also bounced, and I incurred more nsf and late fees. It took days of phone calls to find out what happened, but a First Equity Rep finally explained that the $10, 000 limit did not take effect until two billing cycles had been completed. Until that time I had a limit of just $5, 000. None of this appeared on their website or mailouts. I waited until July, checked with First Equity and got the go ahead, and I attempted the transaction again. This one also bounced. More nsf and late fees. Finally, I received an August 20, 2008 memo saying that my account had been cancelled due to “information received from credit bureaus.” My personal credit rating was in the 695-700 range according to Equifax, Experian, and TransUnion, with no history of late payments, so I wasn”t sure what they were talking about. The only late payments I have made were the result of the First Equity fiascos of the Spring and Summer. I wrote requesting clarification, but no information ever came. I received no more correspondence from First Equity until I arrived at my house the evening of Sunday, November 16 to find a memo dated October 24, 2008. It had arrived in the mail on either November 14 or 15. The memo told me that I had a past due amount of $3.00, which had to be paid at once to avoid reporting to credit agencies. I called them at once, at 9:05 CST, to find a recording saying they close at 10:00 EST, and to try back in the morning. I called in the morning to find that a $3.00 charge incurred during an August business trip had actually gone through after they had begun the action to cancel my account. This was the first I had heard of the $3.00. I paid it on line at once. I have never heard of any bank or credit organization that has done more with less effort on their part to wreck the credit rating of a small businessman. Does First Equity actually do any good for anyone?

   By Hazel Drish

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3. 

   First Equity Reviews & Complaints

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   Beware Beware of this Firststepequity.com, this is a total scam. All they do is post and post everyday to get you to pay $40.00 for forclosed homes. It is not as easy as it sounds, if you want a list of forclosed homes for free, contact the banks in your area, they list them for free. This is a scam to sell you for $40.00 a month for foreclosure homes listings. Don”t believe it. It is a scam. BEWARE BEWARE BEWARE BEWARE

   By Robert Sturgeon

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4. 

   First Equity Reviews & Complaints

   (2)

   Contacted this company in November informed me i would get a listing in my area for 49.00 i submitted and paid and never received the listing never received emails on how to work there website. They charged my card three times before i realized the transaction you had to call and cancel. when i called to get a refund it took 2 weeks and i still haven”t received. Larry is the gentleman i was working with please don”t get scammed don”t use them. Good Luck

   By Yael Catt

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5. 

   First Equity Reviews & Complaints

   (1)

   I found a house on craiglist wich was posted by firststepequity.comit was supposed to be a “lease to own” house and I decided to speak with the owners. The owners ofthe house told me that they had never heard of firststepequity.com and that they weren’t even in foreclosure one of the owners was actually mad that I had a picture of there house from craigslist don’t get tricked into paying for there service ITS A SCAM

   By Jeniffer Shuart

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6. 

   First Equity Reviews & Complaints

   (1)

   I just received a letter that my business account was closed and sold to another company due to their inability to raise capital. I have been a customer for over six years with an outstanding payment history. I called to inquire about the new credit card laws and their lack of compliance with the grace period and on the same day they closed my account. I called their customer service department and was put on hold for 35 minutes before I was able to talk to their customer service representative which she was not able to provide any answers to quesstions why the account was closed without notice despite the fact that their letter gave a grace period of one week and they were going to cap the credit limit to the current credit limit or an amount that is $100 greater than the existing outstanding balance. They simply closed the account and blocked all activity for no sound reason. Moreover, I asked where I can send my final payment because the due date is fast approching and her response was to wait until I got the notice from the new company. I asked what happens if that information arrives past the due date? She had no answer and provided the same response. I am glad that I will no longer have to deal with them in the future. Their operation reminds me of the TV commercial showing an office run by group of out of control apes. They have no regard for their clients.

   By Lael Brokke

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