Kennedy Funding Ripoff Report: Can You Trust This Company?

Kennedy Funding LLC is a famous American financial company specializing in commercial bridge lending. Headquartered in New Jersey and established in 1987, this company is reputed for providing customers with customised loans and fast closing.

However, this company has also been involved in some serious lawsuits. Besides, complaints of various natures against this company have also been figured in different public forums. Such complaints are generally termed as Kennedy Funding Ripoff Report.

In this article, I’ll try to explain the nature and trustworthiness of such allegations with a view to helping you to answer the disturbing questions: Should I go to this company for a loan? Can I trust it?

The key points that this article will focus on are–

What does Kennedy Funding do and how?
What allegations have been levelled against it in the ripoff report?
How far can you trust those allegations?
How did Kennedy Funding react to those allegations?
Can you trust this company despite this Kennedy Funding Ripoff Report?

What Does Kennedy Funding Do And How?

Kennedy Funding provides its customers with funding solutions, including bridge loans, for various purposes like construction, foreclosure, acquisition etc.

The company claims that its policy is to satisfy customers with transparent terms and conditions, fast loan closure and excellent customer support.

Interestingly, in the ripoff report, allegations regarding precisely these issues have been raised against the company.

What Allegations Have Been Raised In The Ripoff Report?

Let’s take a look at the allegations that have been raised against the company in Kennedy Funding Ripoff Report.

I’ll discuss the main allegations along with Kennedy Funding’s side of the story so you can hear both sides of the tale and make informed decisions.

Ripping Off Customers

Some borrowers claimed that Kennedy Funding takes excessive fees and it is a total ripoff to take loans from it.

Kennedy funding’s side of the story

The truth is, the company usually deals in high-risk loans which conventional financial companies will not touch. If you want to take high-risk loans, you’ll have to cough up high fees. Simple.

High-Pressure Salesmanship

Another allegation in Kennedy Funding Ripoff Report is that the company adopts an aggressive and high-pressure marketing tactic that is uncomfortable and misleading.

Kennedy funding’s side of the story

The company says that all its terms and conditions are clearly explained out to the borrowers before they sign the contract. As for high-pressure salesmanship, well, it’s a competitive world and everyone is doing it. Why should they be an exception?

Poor Customer Support

Some borrowers have also alleged that after the contract is signed, Kennedy Funding just forgot them and hardly responded to their queries.

Kennedy funding’s side of the story

We must not forget Kennedy Funding is a big business with huge clientele. Their telephones are always busy. So it may not be possible to immediately respond to everyone’s calls.

So you see, the allegations are there and so are excellent reasoning in favour of Kennedy Funding. Here, let us take up another issue–the lawsuits.

Lawsuits Involving Kennedy Funding

Apart from Kennedy Funding Ripoff Report, the company has also been involved in some serious lawsuits. In some cases, the company has won, but in many cases the courts punished it for lack of transparency, misrepresentation and fraudulent practices.

These lawsuits prove that not all allegations in the ripoff report are entirely baseless. They also underscore the utmost caution borrowers should practise while taking any loans.

So, Can You Trust This Company?

Before giving you a straight answer, let me ask you a question, can you completely trust anyone? You see, in this complex financial world, pressure tactics, misrepresentation, fraudulent practices etc. have become almost institutionalised.

So, caution should be the buzzword. Now, coming to your question, I think, yes, you can go to Kennedy funding. Because, first, despite the allegations and lawsuits, this is a reputed organisation. They have some irate customers, but at the same time thousands of satisfied customers too.

Secondly, all allegations in Kennedy Funding Ripoff Report may not have any merit at all. Some of them may be a clever ploy adopted by rival companies to tarnish the reputation of Kennedy Funding.

Third, despite all these allegations and lawsuits, business is brisk at Kennedy Funding. Recently the company has closed two major loans involving 1.28 and 2.7 million USD. Rubbishing it off-hand will be unwise.

What Should You Do?

Look, if you’re really upset by Kennedy Funding Ripoff Report, you can always shop elsewhere. After all it is not the only money-lending organisation.

Caution Is The Word

But whether you go to Kennedy Funding or someone else, always exercise caution. This is a slippery world. I can’t overstress the importance of exercising caution in any financial dealings. Do some research to find out the standing and reputation of a company, especially recent ones.

Don’t Get Stunned Into Anything

Read the terms and conditions carefully, including the fine print. Don’t get stunned and carried away by the high-pressure sales talk. If you don’t understand the complex terms and conditions, consult someone who does. Take legal advice if necessary.

The upshot is, use your head, heart and everything to safeguard your interests.

You can go to Kennedy Funding, but while dealing with them, don’t forget the allegations and lawsuits levelled against them. Be cautious and you should be fine.

Conclusion

The gist of the matter is, you can’t be too cautious in any financial transactions. Putting unquestioning trust in anyone is not a judicious practice.

Remember, everyone’s for themselves here. Be cautious, be aware of the nuances of the loan’s terms and conditions, do some investigation into the background and current standings of the company and you should be fine.

Kennedy Funding Ripoff Report should make you alert, not panicky.