I called the sales department at paramount financial services and spoke with a salesman named Craig Colling, I was trying to lease a piece of equipment for my business in California , we are a fairly new company but we have over $ 80,000 in collateral and assets and our personal credit was not bad whatsoever, also we don’t owe a single penny to any of our vendors and we are making a good amount of money per month.
I was informed that the situation was good and there should be absolutely no problem, with our $8,000 down plus our credit and income (our credit by the way was ran, reviewed, and discussed before they sent it to a THIRD PARTY ) I was not informed that it would be another third party that would actually be making the decision for them but infact I was told that it would be just sent over to their under writing dept for a quick review and then we could go on with the paperwork, NOT THE CASE.
They don’t make any of the decisions they seem to be more of a middle man and not a good one at that, when the decision came back I was told it was turned down due to lack of credit and liens, which is impossible since we have got over 22 years of credit, 3 cars paid off and the only loans we have are our truck which has never had a late payment and a $42 a month merchant credit card machine lease also with out a single late payment.
When I asked to speak to someone higher up i was given nothing but smart ass answers such as “well I am the manager in the sales dept you can call me anytime he was condescending , rude and unprofessional. I guess this company only leases to people with an 800 score on there credit !!! this is yet another prime example of whats wrong with this country today the rich get richer and the middle class are getting poor.
I am so frustrated with this company and their lack of ability and lack of work ethic to try and make something happen , Had i known they were just going to screw me around and run my credit (which lowers your score ) i would never have made the effort to call them. Paramount financial is a joke.