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Business Profile

Asset Based Lending

Wildcat Lending

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Asset Based Lending.

Complaints

Customer Complaints Summary

  • 1 complaint in the last 3 years.
  • 1 complaint closed in the last 12 months.

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The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

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Complaint status

Complaint type

  • Initial Complaint

    Date:07/31/2024

    Type:Service or Repair Issues
    Status:
    Answered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    In November 2023, a friend told me about using this lender to purchase a building. I was informed that apart from the cost of purchasing the building, I could apply for repair money as a loan as well but that I would only pay interest on the portion of such money I collected. Surprisingly however, in February 2024, I discovered that this company was billing me interest on about $70,000 that I had not collected yet as part of the repair money. I contacted the company's CEO, ******************, who told me that the person who attended the closing on my behalf signed that I would be paying interest on money that I did not collect. I then asked for the payoff information. This was sent to me on February 29, 2024. I immediately paid off this loan and I instructed ****************** to stop any form of transaction against my account since the loan was paid off. Surprisingly, this company refused to close the loan and started piling more and more charges against me. I got a lawyer involved but this company still continued adding more charges against me and then threatened to foreclose my property which I paid off completely. Despite paying off the loan by February 29, 2024, this company still demanded that I must pay additional $7,700+. My lawyer advised me that if I decided to sue this company, I might end up spending about $40,000 in legal fee with no guarantee of a positive outcome. But a company like this should not be allowed to continue preying on fellow hard working Americans.

Wildcat Lending is NOT a BBB Accredited Business.

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