Balboa Capital Corporation

Jimmy D 

on BBB

3 years ago

I was going through Premier financing to purchase my first business *********** was redirected to Balboa Capital because it was a new business. I was told by ***** that my loan terms were 60 months 14% rate and it was simple interest loan and I could refinance or payoff with no penalty. After Balboa Capital sent the docu sign with the notary all he did via video call was were to sign and the monthly payments and nothing about straight purchase deal not financing. Now I am calling for the payoff they are telling me to multipl... read more

JA B 

on BBB

3 years ago

Absolutely worst business practices out of any lending company. During COVID, all my business were shut down, I reached out to them to work through a payment plan for the short period until I was back in my feet, They immediately hired an attorney and went after all my assets. 

chad c 

on BBB

3 years ago

Worst Company ever..they .send me a e mail saying I need to send prof of insurance. I didnt see it as I get 100 or more a day....they charge me huge no insurance fee for 4 months ...when I have isurance.....when it was discovered I called them and showed them I have insurance. they said would not credit back past 3 months as I paid in auto payment and didnt realize I was being over charged. Would not credit back...said it was my problem I didnt get the info to them sooner.....they said they sent e mai but for some reason the... read more

Jaideep P. 

on BBB

3 years ago

I would recommend anyone to stay away from this company whose business model is to entice and dupe credit worthy individuals in signing their expensive lease agreements by partnering with fraudulent vendors. The top executives of this company are bunch of privilege middle aged white men who have consistently targeted immigrants and minority populations. In 2011 they were sued by then ********** attorney general ************************* in a scam that defrauded 33 African American churches in *******************. In that sca... read more

Calvin H. 

on BBB

3 years ago

This company will not pick up the phone nor will they call you back 

RJB 

on BBB

4 years ago

Buyer beware!Balboa Capital has the poorest communication I've ever seen. Also, if you like to pay your bills by paper check, you will be charged $40 per transaction even though the contract may say $10.We have attempted to contact them on numerous occasions about this and other issues. We have never received a reply from online sources or our designated contact. Be careful! WE DO NOT RECOMMEND this lender! 

Dobiecki M 

on BBB

4 years ago

I would not recommend Balboa Capital Corporation. Whatever amount you THINK you are being obligated for will most likely be incorrect.I signed an agreement and did NOT read or comprehend SECTION 4. The fault is mine alone.However, all discussions with BCC account sales people outlined a completely different agreement. The effective interest rate of my loan was an astronomical ****% 

Ashley B 

on BBB

4 years ago

IF I ***** LEAVE NEGATIVE STARS I WOULD. This company has been harassing me and constantly calling and emailing even though I have repeatedly told them I am uninterested in financing. I have filed a cease and desist letter and will follow up with a law suit if necessary. They are taking up precious resources I need to run my business effectively. Taking up my phone lines has prevented several customers from using my business. 

Julie L 

on BBB

4 years ago

LIARS AND CHEATERS! DO NOT CONSIDER THESE SCAMMERS. I HAVE TRIED TO CONTACT THE CALIFORNIA ATTORNEY GENERAL SO I HOPE SOMEONE FROM THEIR OFFICES READS THIS REVIIEW BECAUSE I HAVE PAPER TRAIL. In a nutshell, I signed an agreement with Balboa back in 2018 for financing and they did not even come close to the interest rate they had quoted me.....Balboa charges me FIVE times higher than the interest rate that they quoted me. I KID YOU NOT. YOU CAN'T DO ANYTHING THEY LITERALLY TAKE WHATEVER MONEY THEY WANT OUT OF YOUR ACCOUNT BEC... read more