This Business is not BBB Accredited
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GreenPoint Capital is not BBB Accredited.
Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.
Reason for Rating
BBB rating is based on 13 factors. Get the details about the factors considered.
Factors that lowered GreenPoint Capital's rating include:
- BBB concerns with the industry in which this business operates.
- Failure to have a required competency license.
Customer Complaints Summary
|Complaint Type||Total Closed Complaints|
|Advertising / Sales Issues||0|
|Billing / Collection Issues||0|
|Problems with Product / Service||0|
|Guarantee / Warranty Issues||0|
|Total Closed Complaints||0|
Additional Complaint Information
According to information provided by consumers, the company is offering to provide loans ranging from $5,000 to $30,000. The company charges an advance fee ranging from $806.70 for a $5,000 loan to $1,741.65 for a $30,000 loan. According to the contract information, the fee is for collateral and can be paid in a lump sum, or in 5 equal monthly payments. The loan is to be issued once the collateral payment is paid in full.
BBB file contains a pattern of pending complaints in which consumers state they have made the required collateral payments but have not received the promised loan. Consumers also indicate difficulty in contacting the company after making the initial collateral payment.
Customer Reviews Summary Read customer reviews
0 Customer Reviews Customer Reviews on GreenPoint Capital
|Customer Experience||Total Customer Reviews|
|Total Customer Reviews||0 Customer Reviews|
Per the United States Post Office, the address listed on the company's website and print materials of 535 Chanticleer Trail in Lansing, MI is a private residence and not a business address.
The BBB has made contact with the homeowner at the stated address, who is unaware of the company, the offer and of any of the contact names provided.BBB file opened: 01/25/2012
Licensing, Bonding or Registration
As of 1-25-12, there is not a license on file under the company name with the Office of Financial and Insurance Services.
According to correspondence from the company to various consumers, the following individuals are specifically named as company employees: Tom E. Sims as CEO, Rodney E. Bow as Insurance Agent, Alan Blake as Financial Consultant and James Shields.
BBB confirmed with U.S. Post Office on January 25, 2012 that none of the above individuals are on file as receiving mail at the listed address. In addition, BBB correspodence from January 2012 sent to Tom E. Sims attention has been returned marked by the recipient "person does not live here."
Contact InformationMr. Alan Blake (Financial Consultant)Mr. Rodney E. Bow (Insurance Adjuster)Mr. James Shields
Advance Fee Brokers
If you choose to do business with GreenPoint Capital, please let them know that you contacted BBB for a Business Review.