Dareon Yad
map-marker Brantford, Ontario

Capital Direct Are criminals.

Do not , I repeat do not get a mortgage from these guys, lies, lies and more lies, I paid off exactly 15 dollars off of my original $ 12,500 that I borrowed. The original interest rate started at 12% finished at 27 and then they tried to go to 33% , loan sharks plain and simple. Don't walk away run , please run and spread the word, you should be legally able to increase the interest rate by that much,they tried I went to the bank and borrowed the money and less than half the rate and will actually have a chance to pay it of. THEY are criminals at capital direct.
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Loss:
$6000
Reason of review:
false advertising.
2 comments
Guest

Did you say CRIMINALS! AGREE!

Guest

They took advantage of my terminally ill dad and tried to get him to take twice as much as he needed. They also told him that they had a lawyer for him, it’s a house lawyer, this person was not working for my dad.

They also raised the rates and took their fees which are obviously illegal. They charged him interest for money that he never received.

Scam. I had to pay it off to get these leeches off my dad’s back.

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Cinnamon Vdh

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Verified Reviewer
| map-marker Cambridge, Ontario

Capital Direct - Loan Review from Cambridge, Ontario

RUN, RUN, RUN for your life!!! I'm not exaggerating!

We had a loan with them for one year (actually a little less than a year) and after the year we owed about $1500 MORE than what we borrowed (and yes we made our payments every month ). They do not report to the credit bureau. If you think that they will help you rebuild your credit, your wrong. We thought they would but our bank told us otherwise.

They are legal loan sharks. We ended up getting a secured line of credit from our bank and Capital Direct gave them such a hard time when they tried to pay it off. (Our bank manager had to loose it and be on the phone for 2 hours) Please listen to me when I tell you to stay away. They are not an easy way out.

If you have bad credit don't go to these people there are other ways to get help. They will hold your house hostage and take it from you for a loan as small as $10,000. I wish I read the reviews before we went to them. I'm just glad to be rid of them.

Read the other reviews and stay away! The government needs to step in on places like this. Don't be fooled by the nice Comercials on TV.

I wish I could help anyone involved with these people. RUN!

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Reason of review:
Problems with payment
3 comments
Guest

its a scam to shorten terms and collect more in a shorter time. terms go from 12 months to 9 in no time theyve charged interest on the delay of transferring funds and are collecting renewal fees early.

join anitfraudclassactionCanada @ gmail .

com Canada vs. Capital Direct 2021 You're not alone.

Guest

Collect your statements. This shortening of terms is a scam being used to charge more in a shorter period of time and causes significant financial duress to keep you as a slave to their lending.

This shortening of terms is in part with the original delay in transferring the funds that was used to intentionally increase the cost of borrowing at the time of signing. Not only was the cost increased at the time of borrowing but my guess is that you were charged interest on the money that was not being paid out as promised and instead of correcting the paperwork to properly resemble the amount you were asking to borrow they might have sent you a check to offset " the interest " but, that money being borrowed is now more interest being collected on a higher amount and the delay is used to shorten the term from 12 months to 10 so that they can collect the renewal fees for the next shortened term. Jan 1- Jan1 is one year. Instead what is being done intentionally - jan-jan is too easy to remember so terms will often be in the fall months and written to read one month short, so Sept1 - Aug1 being labelled as 12 months but is only 11.

then delay funds for one or two months so it turns into November1-Aug1 with demand for renewal documents being in May or June for July.

If this sounds right, join the class. antifraudclassactioncanada @ gmail .com

Guest

Wow. I will steer clear. Thanks for sharing

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Anonymous
map-marker Chilliwack, British Columbia

Capital Direct

Horrible experience! I borrowed $83,000 in 2010 - made full payments until 2014. They started a foreclosure action and I lost my home. They want to collect $105,000 - this is 5 years later after I borrowed the money. My payments were $1000 per month. I paid them $48,000! I understand I am responsible to pay the agreed interest and commitment but really they put you on a "never never" program. Also, check out the legal team that works with them. In my province the lawyer is also part of CD. He made money when I got the loan, paid the interest on the loan and most certainly during the foreclosure - and...he is actually taking a percentage (or flat fee) from the realtor he hired to sell the house! They can all rot!
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Reason of review:
Problems with payment
Anonymous
map-marker Sudbury, Ontario

Fee to have my mortgage extended!

I originally borrowed money from these crooks in October of 2013. A year later they said my loan contract expired and I had 2 choices. The first was to extent the mortgage at a fee of $3,500 at and an increase in my interest rate! The second was for them to take me to court and take my house away from me and my husband. This was very traumatic for my family but we had no choice but to sign the loan extension document. On top of all of this, they were hard to get a hold of and refused to allow me to speak to a supervisor.
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Reason of review:
Bad quality

Preferred solution: Let the company propose a solution

1 comment
Guest

Someone needs to have "Go Public" have a go at this company. Very dubious players with sketchy pasts (and presents) at the top. And *** runs downhill.

Anonymous
map-marker Toronto, Ontario

Capital Direct - Loan Review from Toronto, Ontario

Borrowed $30,000 against my home in Markham, Ontario.. Interest rate was 19% and my payout after 2 years was still $24000 after paying $600 over that duration... Many lawyers will try to dissuade you from using this process...

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Reason of review:
Problems with payment
2 comments
Guest

Same here..these people are predators with Capital P. Run as fast as you can.

Don't borrow from these thxexvs.

They charge high interest rates and inflate things with renewal fees etc..They have no morals or ethics.

Loan sharks..am not just a pissed off consumer..am suffering and am in indebted servitude to this outfit. Where is Karma when I need you...to teach these parasites a lesson.

Guest
reply icon Replying to comment of Guest-1032662

Agree with this comment. Do not borrow from Capital Direct....loan sharks....keeps you in the dark, never return phone calls, unprofessionals......stay away!!!

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Anonymous
map-marker New Westminster, British Columbia

Rude service

I was shocked at how unprofessional these guys were once they gave me a loan. I will never recommend them to anyone. After 1 year they charged me $1500 to renew my loan and increased my rate to 18%!!!!! Beware of entering into any contract with these crooks as they are really nice at first and then turn completely rude on you. E pensive rude and no sympathy...and now I'm stuck with these brutes! at this point I can't get out because I am locked into a loan that penalizes me if I pay them back. So I will be stuck until I sell my home. Ugh!!!
View full review
Loss:
$1
Reason of review:
Problems with payment
Peyson Pgg
map-marker Toronto, Ontario

Second Mortgage Foreclosure

It started out as $30,000 second mortgage to bring tax arrears up to date, at signing papers I was told plus $10,000 broker fee; missed one payment, they filed statement of claim to sell my house; arrears statement came in at $65,000 - plus interest, plus legal fees, plus nsf charges - these guys stole my house.

DO NOT WORK WITH THIS COMPANY - THEY WILL lie, cheat, steal and take your house - they will not work with you, they will only charge you again and again and then file court papers to sell your house without notice.

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6 comments
Guest

Join The law suite, AntiFraudClassActionCanada @ gmail. com This is a part of the false advertising being used.

79 % LTV with all fees included does make it past the advertising. Email to join.

Guest
reply icon Replying to comment of Guest-2001644

FINALLYYYYYYYYYYYYYYYYY!!!!!

Guest

Someone who is in the unenviable position of having to use a lender of almost last resort such as Capital Direct shouldn't be surprised at how they make their money. Big fees are pretty much standard practice, and as for what happened when the borrower stopped servicing the mortgage, again, this isn't a surprise.

You're not dealing with your friendly local bank branch; you're dealing with people who are maybe one level above a loan shark. And for a reason.

Guest
reply icon Replying to comment of Guest-1614952

You don't sound like you're in any position to make a judgement. Your reply sounds condescending and naive.

No one should suffer by putting their trust into the hands of another who has sworn to be honest. Especially not a lenders who has sworn to work honestly and ethically and has your money and your future in their hands. I take your statement as an insult to your intelligence and being a "loan shark" is not a profession that anyone should ever stride to accomplish on any level. This lender is abusing their power and abusing the trust of the people they've committed to working ethically for.

This lender is victimizing the community and I think you should be ashamed of yourself for saying this person who's been abused shouldn't have been surprised. I don't see "we abuse you and steal your money with a smile while creating intentional duress" being advertised.

Guest

These thieves are the worst bottom feeders you can go to, loan sharks with a mafia attitude, fukem!!

Guest
reply icon Replying to comment of Guest-1250701

its called criminal fraud

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Anonymous
map-marker Toronto, Ontario

Payout Review

stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
Borrowed 30k at 6.5%! payed $250 monthly and after 2 years.. Sold my house and payout was $35,000??? Don't trust this company..rip-off !
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Reason of review:
Problems with payment
Anonymous

Do not borrow from Capital Direct

I got a loan from them about two years ago, I found out that they are like leeches that suck you dry. They charge you 100.00 NSF, their rates at outrageous 11%, all my two years payment only cover interest and minimal principle. Plus when you have a problem and call them they never return you calls. I had an issue with a extra charge that was added to my account and called my rep, she did not know what it was at all. If you are thinking about applying a loan with REALLY CONSIDER twice. I really feel that I was misinformed and mislead, I totally REGRET going to them.....
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4 comments
Guest

join the class action at antifraudclassactioncanada @ gmail . com

Guest

As usual another *** posting another moronic thing. Capitol 1 is not a lending company.

Guest
reply icon Replying to comment of Guest-736222

your an ***!! Its "Capital Direct" not "Capital One" ***. LOL as usual another mullet American.

Guest

Direct Capital does not do loans, they are a leasing company.

I call *** in this post.

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Amilyah Xms
map-marker Phoenix, Arizona

Stay away from these animals

I leased equipment.....they charged a ridiculous interest rate......I paid 30 of 36 payments when I ran into financial straights. I tried to settle the contract several times. When I got cancer, they sued me for the full amount of the lease and forced me into bankruptcy. They are animals and I am contacting bbb and nh attorney general Stay away from these people.......you'd be better off with a loan shark!!!!! Notice a pattern here? Their contracts are onerous and unfair.........unethical and shameful. Stay away ! Do yourself a favor......you will regret dealing with these *** men.
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Loss:
$28000
1 comment
Guest

This isn't for Capital Direct! They're a Canadian company that doesn't lease equipment.

Anonymous

Capital Direct Corp.

READ THIS before dealing with Capital Direct Lending Corp. for any sort of loan, do not believe their oh so soothing commercials. It started out that we went to Capital Direct Lending Corp. for a loan of $10,000.oo. After we paid all of the fees and made payments for 2 years we now still owe them approx. $15,000.oo. We wish to pay them off in full and they want an additional $750 to hold to make sure that the last 2 payments (which are clearly on our bank statements) went through before they will accept payment. When we contacted Capital Direct to speak to someone about it the girl who answered the phone did not know what we were talking about. We then asked to speak to a Supervisor & she didn't know what we were talking about. We then asked to speak to the and he didn't seem to be in and no one knew when he were going to be in. The whole experience is a horrible sinking feeling. It feels as if we have signed our souls over to Capital Direct. Oh and by the way , if the loan is not paid we loose our home. STAY AWAY FROM Capital Direct Lending Corp !!!!!!
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Loss:
$20000
1 comment
Guest

Its a part of the unethical business practices being used.

Collyns Xpy

Direct capital did not pay the vendors invoice

We have signed a lease agreement with Direct Capital and few weeks later the equipment arrived to our facilities. We have then signed the release that the equipment is functioning properly, yet Direct Capital has not released the check to the vendor, was not contacting the vendor, did not return our calls for two weeks.

This is when we gave up.

They are ruining our credit and credibility. The employees of Direct Capital are deceptive and unreliable. Do not work with this company! They are complete flakes!

Unprofessional company, unprofessional employees. Watch out as they are very deceptive with their financing rates as well.

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2 comments
Guest

You're not wrong. They are intentionally using deception to defraud the public.

AntiFraudClassActionCanada at Gmail . com can help.

Guest

We are sorry to hear your dissatisfaction. We strive to provide the best customer experience possible.

We always encourage our customers and partners to bring their concerns to our attention, and if you feel you are not getting an appropriate response to contact Customer Service.

Our customer service manager, Meghan, would like to help you resolve any issues that you are having. Please call her at your earliest convenience at 800-253-****.

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