Paramount Pacific Funding Group, LLC ratings, reviews and complaints - Loan Companies

Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

Complaint Resolution Index (CRI) Explained The Complaint Resolution Index (CRI) is an indicator on how responsive a company is in addressing and resolving customer complaints brought to their attention by BCA. If they are considering doing business with the company, consumers can use this indicator to forecast the likelihood of having their issues addressed if a problem arises. CRI measures the company's customer satisfaction abilities through BCA’s complaint mediation process.

A variety of factors are considered when calculating CRI. This includes how quickly a company responds to complaints, the number of complaints against a company, whether the company addressed complaint allegations, and the outcome of the complaints. CRI is just a subset of the overall rating for the company. Consumers are encouraged to take into consideration the company's CRI, their overall BCA letter rating and other relevant information about the company so they can make a well-informed purchasing decision.

BCA's Summary and Analysis:

One complainant alleges after sending the required advance deposit for an equipment lease, the lease never materialized. This complaint remains unanswered.

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Complaint Closing Statistics

0 complaints against Paramount Pacific Funding Group, LLC closed in last 3 years.

Complaints	Type of response
0	Making a full refund, as the consumer requested
0	Making a partial refund
0	Agreed to make an adjustment
0	Refusing to make an adjustment
0	Refuse to adjust, relying on terms of agreement
0	Unanswered

Other Information

Company Info

This companies business is financial lender for leasing equipment.

Primary Contact:	Richard La Bianco (Vice President)
Business Started:	1/1/1990
Social:

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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

This company solicits businesses seeking new equipment by offering to finance equipment lease agreements. Those solicited are initially told they are pre-approved. The company asks for the first and last month payment, as well as a security deposit in advance. We routinely advise careful consideration of offers to extend credit. Do comparative shopping on interest rates, and other terms and conditions. In this company's case their lease agreement contains a clause which advises the lessee, that if the lease does not commence due to any reason other than their own negligence, they may retain any monies paid to compensate themselves for credit and other administrative costs. Our experience with similar offers has been that in some cases, leases are not funded, and the company retains the clients deposit based on the customer's own signiture on the contract agreeing to allow them to do so. Read and understand before signing any business agreement.

Other Considerations

Our files show disconnected phone numbers, returned mail or both. The company appears to be out of business. We cannot trace addresses of companies or principals. General information is available upon request which may assist you.

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Additional Info

DBAs:
There are no additional DBAs.

Websites:
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Contacts:

Owner

Reputation Report

Paramount Pacific Funding Group, LLC

Complaints and Resolutions

Other Information