I got a call from a Thinking Capital representative. He was stubborn and was very pushy. I informed him that my business was new, and I was not in a position to pay higher rates of interest. That guy promised that he would do everything to get me the best deal. I tried to avoid the conversation and asked him to call me back after the deal is finalized.
He started calling me every other day. Sometimes, he would call at my home and other times, at my office. I was very exhausted. I was anyway looking for a loan and then decided to go with his company. However, I do not appreciate the kind of sales this company does. I later checked on the internet after I was fooled that these guys have shady sales teams. Thinking Capital careers and salaries are only for these sales pitches that the guys over the phone do.
I learned the hard way. My bad luck. Because of the continuous approach and non-ending calls, I decided to agree for the 14% withdrawal rate. I never knew that I was getting myself into a huge mess. That time, I was in need and forgot to compare other companies rate. The representative said that he would take care of every issue that I would have in between, and he shared his personal number as well. That was the masterstroke. A personal touch to trap clients into buying your services.
So, I agreed. However, it turned out to be a complete lie. That guy never answered my calls. Because of the high-interest rate, I fell back on all my taxes and other payments. Its been three years and still I am not able to get through it. The loan is soaking my money and soon I feel I will have to file for bankruptcy.
Because of the high withdrawal rate, I am now in a position that I am not able to think of extending my business. My business bills make a great dent in my everyday transactions and I am planning to close my loan at the earliest or I will lose everything. I would advise not to deal with Thinking Capital unless you know that the rates would not affect your business day to day operations.
Also, I wanted to add that this company is a totally laid back. Do not expect them to answer your calls or emails on time. They would only call until you are not a client. Thinking Capital can put you through a lot of stress by calling numerous times when you are not a client and by asking for higher interest rates when you are a client.
In any case, they are going to make sure that you lose it all. It would be better to find other options instead of allowing them to take over. It is okay to say no when you are not sure. I did accept their deal as I was tired of their calls. Don’t make the same mistake.