POPowerPay★★★★★
Fraud. Buyer beware
I signed up for a loan with power pay. No payments no interest for 2 years, then interest starts at 6.49 percent. Three months after signing the loan and it being fully funded the project had not started due to a disagreement with Powerpay and the contractor. Powerpay was refusing to pay the contractor based on their contracted terms. Powerpay then cancelled my loan stating that i had not started and would default on their timeline. I had an attorney review our contract and their is no timeline given in the contract. I called powerpay for over three weeks at least 10 times which they documented and noted that no one returned phone calls or text. They canceled a legally binding agreement and when questioned on why they did so without consent they offered to re instate my loan. Unbeknownst to me they created a second loan with unique identifier that the contractor forwarded to me in an email directly from power pay where they opened up a second loan in my name at 12.99 interest rate. After three weeks of no response i had an attorney call simply asking for info. They told us they could not talk to us and we had to talk to their leg team, yet they refused to give us their legal teams info and hung up the phone. Apparently the sales rep Becca is in charge and refuses to speak to me. Margarita tried to help but also informed me that Amberly and the other reps were ignoring my phone calls. Their license as a financial lender should be revoked for unfit and illegal practices.
2022-11-19Helpful 2