Reviews

Review Details

• Review fromPHILLIP F

  Date: 11/01/2023

  I was over charged for $1985 that I was told by *** at ML factors would be resolved, now I cant get a response and I was told today by an accountant named ***** (a man) that **** being fined for taking finaincing elsewhere of $5000 and they were reducing it to the $1985 that they took from me. DO NOT USE THIS COMPANY!!!!!!!!!!!!

• Review fromLindim

  Date: 08/03/2023

  This idiots have Ren my credit and I have hard inquiri with out my authorization, I'm reporting them to the police station God dame idiots

• Review fromSheila H.

  Date: 07/22/2022

  ML Factors LLC is a part of a fraud scheme, in my case with ***********. *********** presented ML Factors as part of a much larger bank loan, with ML Factoring being the initial distribution of a smaller loan and an additional larger loan to follow. ML Factors presented me with a small-print difficult-to-read agreement with a time deadline to entice me to sign quickly at the end of the day to meet the deadline. On closer review, I find verbiage that should be considered illegal on its face. They even state that if there is anything illegal found in their contract, you are still obligated to pay them.In the paperwork, they conveniently change the wording from "BANK LOAN" to "FACTORING" and charge an obscene amount of interest. The day after ML Factors LLC released the small amount of funding, they began taking nearly $3,000 out of my bank at a rate that was at least 5 times what they said they would. What should have been 10% of every invoice ended up being a daily deduction when there were no invoices being generated.The second portion of the loan that was supposed to pay off the first portion, lower my interest, and convert payments to a monthly note never materialized. After the first money was distributed, the ************** ********** for *** ******* (*******************************) disappeared; no other funds were received.This company not only forced me to close my multi-million business, but they also put **** on everything that had my name connected to it in the system, even companies that did not belong to me. These filings are preventing me from getting help with funding or future revenues.While this story is embarrassing because I should have known better than to sign any papers under pressure, I want to make sure that anyone looking finds out the truth about either of these companies it's a TOTAL FRAUD - BAIT AND SWITCH SCHEME! Don't take the bait! I only wish I could have rated them with a RED ZERO STARS! Don't trust them, they are crooks!!!

• Review fromDiana P

  Date: 06/23/2022

  Horrible, they sent me to an attorney, they filed UCC lien and my account was paid in full. After 3 years of trying to get my name off a Data Merch i have lost out on the **** loans and other loans to grow our business.There Attorney ********************* office is useless. Said they cant do anything. Took two years for me to at least get them to tell the court, only after i contacted the court. They should be shut down! A class action needs to happen to these guys.