Crests Financial Review Is Crestsfinancial.com A Scam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Crest Financial vs Scoresense

PissedConsumer.com strives to provide consumers with the right information to make informed purchasing decisions. Our website collected and compiled various consumer reviews about Crest Financial and Scoresense as well as customer ratings and recommendations for these brands. Each brand score is calculated based on set of relevant criteria and displays company performance over time.

Crest Financial

Scoresense

Crest Financial and Scoresense Overview

Crest Financial and Scoresense Consumer Ratings

Crest Financial and Scoresense Rating Details

. Customer service is one of a companies import line of advertisement. This event was most unpleasing..

I spoke to customer service and I want a full refund because I cancelled my subscription Over a year ago. and you began charging again without authorization. If I choose to use this service again in the future you are jeopardizing the opportunity and I will alert my bank and my legal team if I do.

. I read all the reviews on the website . I should have done some research on this company before I got myself in this mess. First sign of problems is when I waited the whole day to get my furniture delivered.

Then in the welcome mail at the bottom there is a message that you have subscribed, which was never my intention nor is it clearly stated on their website . So now my creditcard has been charged $30 for something I did not ask for. Can I all my creditcard company to reverse the payment? Secondly is.

Crest Financial Services

Crest Financial Services, LLC

Customer Service

+1 855 552 7378 (Customer Support) 1 1
+1 855 282 7378 (Retailer Support) 0 1
Mon 7:00 AM – 7:00 PM
Tue 7:00 AM – 7:00 PM
Wed 7:00 AM – 7:00 PM
Thu 7:00 AM – 7:00 PM
Fri 7:00 AM – 7:00 PM
Sat 7:00 AM – 3:30 PM
Sun Closed

Complaints & Reviews

nothing

I never herd of this company before and I looked on my credit report and it’s saying I owe them 1200.00 as soon as i find a way to sue this company from messing up my credit report and from me trying to buy a house I sure will trust yall will be hewring from me soon bc this dont make no sense y’all scamming everybody. I need to hear something back from y’all ASAP [protected]@yahoo.com

financial services on my credit report

My name is erika deshotel. I dont want to put my persoanl info here. My email is [protected]@gmail.com. I have a 2500.00 derrogatory collections on my credit report which i have not a clue what it is. I have never heard of this company nor have i ever purchased financial services. My identity was stolen and i would appreciate you removing this for it ot hurting my credit. Thanks

[Resolved] Crest financial furniture lease department

Absolutely horrible company. I had a lease through this company for my furniture. They said they had to.

[Resolved] The worst service agents ever. Stay away!

I opened an account & paid it in full within my 90 day same as cash timeframe. Things went so smoothly, a year or so later I opened another account. This has to be the worst experience. They billed my bank on Sundays (which I never authorized). I called and had them switch billing to Fridays only. The billing went haywire! 4-10 days in between billing periods. I went to my bank and it was not their doing. No other merchant/collector has ever done this to my account before. I had to call them again and tell them Fridays only. I secured this with my debit card. Now they are receiving payments on Fridays but sending me emails that I am behind on Sunday payments! They have nice agents but the supervisor that handles my account is extremely rude and does not listen well at all. If you are not paying your account in 90 days, PLEASE STAY AWAY!

We apologize for this customer’s frustrations, and if he/she is willing to contact us with correct name we would be happy to look into the situation and make it right. Unfortunately, there isn’t much we can do to help in response to an anonymous posting on a complaint board. — The Crest Financial Support Team

Resolution Statement

Customer Service has done everything in their power to resolve the complaint. All attempts to contact the customer have failed. Therefore, the complaint has been annulled and must not be considered where image of the company in question and its services are concerned.

Financing

July 22, 2020
My complaint is with Crest Financial Inc 835 West 400 North Orem, UT 84057 tel [protected]. I was trying to put the pieces back together after ending an abusive relationship. I had nothing but a roof over my head (literally) I was sleeping on the floor. I was out looking when I saw my furniture and excited when I was told by the store owner that they offered a payment plan. I agreed to finance or what I thought was finance the balance remaining on my purchase. The total purchase price tax and fees included was $2364.72, I put $540.00 down and to my understanding was financing the balance of $1824.72. I was also told that it was a ninety day same as cash. Well after a few unexpected events occurred(got sued by the evil x) I could no longer make my pay off date so to my knowledge my account was to switch over to a lease purchase option and 273.71 would be deducted from my account until balance is paid in full. Well I am 5 payments in $1368.55 + $540.00 down payment = $1908.55 later so I decide to call for pay off balance since my financial circumstances have improved. To my surprise I still owed $1950.95. How can this be that I owe more than the original amount financed….This is ridiculous how can I owe more. The smart mouth finance lady then stated you should have read your contract before you signed and asked questions then(3pgs fine print and terminology a regular consumer uses every day, they might as well have written it in a foreign language because I didn’t understand all that double talk. I did ask the pertinent questions how much money and how long.) Since you didn’t pay in the 90days we financed you over 12months a total of $3284.50 so looks like you still owe 7 more payments of $273.71, that’s another $1915.97. I might add is still higher than the amount financed…….I have been used. I will never trust a finance company again if I can’t pay cash then I don’t need it. I have now paid $1999.80 over my financed amt of $1824.72. That’s sad.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Wow! I totally understand how you feel. I paid over $1100 in payments for a refrigerator that I took out . Total financed price was 1944.27. I called to get the pay out balance. They said I still owe over $2400. I am only 20 days over my 90 day period. They said the best they can do is a balance of $1428 for me to pay it off. by the next 2 weeks! The fine print said I was paying $1555 over the amount financed of $1944 in 1 year. That’s like buying 2 refrigerators ! I will never used them again! I agree.. pay it cash or forget it. Lesson learned.

CHECKOUT THE COMPLAINTS ON PISSED AND MAD

I was considering getting a couch wth crest financial and chose to read some reports. I hae decoded to just wait until I have the funds myself because it seems the interest is high ans they want bank account information. I am a personal banker and I know better than to give anyone my account information. Once they get in, it can be difficult to get them out, even if you put a stop on their payments.

That being said, I do credit applications all day long and I can tell you thst you should never sign your name unless you’ve been given written disclosures and have read them. If you do you are lent money by a company and are NOT given disclosures, it is in violation of the Truth in Lending Act and you have cause for legal complaint– AND the lender may be subject to punitive damages from the federal government.

Top Financial Advisor Scams and How to Avoid Them

Bernie Madoff, the once highly regarded investment advisor turned Ponzi swindler, exemplifies the dark underbelly of the financial advisor field. At first, Madoff appeared to be the perfect financial professional for his clients. The rich and elite had no idea their stellar returns were funded by incoming Madoff investors. If the wealthy elite can get snookered by a financial advisor, what’s to protect the average individual from the same fate? Beware of financial advisor scams and learn how to protect yourself.

Key Takeaways

  • While there are many honest financial advisors, there are also many unscrupulous ones engaging in fraudulent behavior; it’s important to know the most common ones to look out for.
  • Bernie Madoff has become synonymous with the Ponzi scheme, in which the payment of returns to current investors come from money deposited by new investors; meanwhile, the advisor siphons off some of the money.
  • The affinity fraud targets a group, often in combination with a Ponzi scheme, such as a religious organization or friend group, by convincing the group to go along with a scam because their friends are involved.
  • Other scams include misrepresenting qualifications, such as claiming experience or certifications you don’t have or promising unrealistic returns, such as claiming an investment will generate huge numbers.
  • With a “churning” scam, the advisor makes lots of unnecessary trades, which costs the customer in commissions and often results in less-than-stellar investment returns.

Ponzi Scheme

According to the Securities and Exchange Commission (SEC), “A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.” The Ponzi scheme is a classic scam and incorporates components of other scams as well. The investment proceeds in this classic scam are simply the new investors’ monies doled out to existing clients. Without fail, the initiator of the Ponzi scheme siphons money off to fund an extravagant lifestyle.

Affinity Fraud

The affinity fraud targets a particular group with its ploy, frequently in conjunction with a Ponzi scheme. This scam is effective because we tend to trust other members of our “tribe.” The cohort group might share the same religion, cultural background, or geographic region. This affinity targeting makes gaining new participants in the scam easier because there is a built-in level of trust. To further con the participants, the scammer might belong to the group or pretend to be a member.

The following affinity scam-Ponzi scheme targeted Persian-Jewish community members in Los Angeles. Shervin Neman raised more than $7.5 million for investment in his so-called hedge fund. He promised that the fund invested in foreclosed real estate which would be quickly bought and then resold for a profit. In reality, Neman used the money raised to fund his extravagant lifestyle and pay off new investors.

Misrepresentation Scam

Misrepresentation of credentials is another way financial advisors scam the unsuspecting public. The field of financial planning is ripe for malfeasance because there is not one particular credential or licensing requirement to practice. In fact, there are dozens of financial planning designations such as certified financial planner (CFP), registered investment advisor (RIA), certified public accountant (CPA), chartered financial analyst (CFA) and many more. The public may not be aware of the designations, ethics, or requirements for certification and thus may be receiving advice from someone with no education, experience, or background in the investment advising field. It’s quite easy for someone to hang up a shingle and start doling out advice. The scammer can then close up shop and walk away with the proceeds or swindle the unsuspecting clients with fake products.

Unrealistic Returns

Promising or even guaranteeing higher than market returns for your investment is a common trick. The popular axiom, “if it’s too good to be true, it probably isn’t” is usually accurate. It is unlikely that an advisor can offer a client returns that are unavailable to the rest of the world. This scam preys upon the clients’ greed and dreams of easy money. If an advisor offers or guarantees returns higher than 12-15%, it is likely a scam. For example, over the last 85 years, the U.S. stock market has averaged approximately 9.5%. This return is not a “safe” return, but quite volatile, meaning there were many negative return years over the decades.

In 2020, owners of a Dallas, Texas-based voice over Internet Protocol (VoIP) offered Christian investors, affiliated with a private school, returns as high as 1,000% per year to invest in their company, Usee, Inc. As one would expect, they have been prosecuted by the SEC.

Churning

Many stockbrokers have been charged with the “churning” scam. Since traditional stockbrokers are paid when their clients buy or sell a security, they can be motivated to make unnecessary stock trades to pad their own pockets. The churning scam involves the financial advisor making frequent buy and sell trades, which not only costs the customer in commissions but usually results in sub-optimal investment returns.

There are many other investment scams as well as additional varieties of the schemes mentioned above. Next, find out how to avoid falling prey to a shady investment advisor.

Protecting Yourself

Vet and verify the financial advisor’s background. Find out if the advisor has received any disciplinary action or complaints. These websites help uncover unscrupulous advisors: www.finra.org/brokercheck, www.adviserinfo.sec.gov, www.nasaa.org, www.naic.org, and www.cfp.net.

Ask how the advisor is compensated. Is it by the commission, assets under management, fee, or a combination of payment structures? If the potential financial advisor is unclear or hedges when asked about fees, walk away. Ask for the advisor’s ADV Part II document which explains the professional’s services, fees, and strategies.

When discussing investment ideas and strategies, ask about the advantages and disadvantages of each recommendation. There are no perfect investments, and every financial product has a downside. If the advisor is unclear or you don’t understand the investment, it may not be for you. Although, you may consider gathering a second opinion.

Do not give the financial advisor a power of attorney or ability to make trades without first consulting you. Require every financial action to be cleared with you first. Further, make certain you receive statements not only with the advisor’s letterhead, but also from the custodian, or financial institution which holds your money and investments.

When vetting a potential advisor, it’s important to ask for names of satisfied, long-term clients. However, while this is a good idea, in theory, this protection has a downside, as the referrals could be prescreened or friends of the advisor.

The Bottom Line

Do not act in haste. Always take time to think about or “sleep on” a financial decision. An attempt to rush you should be a red flag. If there’s a good opportunity today, it won’t go away tomorrow. Don’t be afraid to walk away if an offer doesn’t seem right.

Is International Finance Institute a scam?

Is International Finance Institute- IFI (financeinstitute dot com) a scam? How is the program?
Has IFI successfully help students in non finance and banking background switch into a “>IB job after the program? Thanks.

  • Log in or register to post comments
  • 0 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

Comments ( 10 )

Oh yes, it is a Scam, they have no office in NYC or Chicago, I think they don’t have any offices in Us that they claim to have. I went to meet with them and the guy told me that he is so busy and they do not meet personally. When me and my father went to their office, it was not there and no one ever hear of this company. And here is what they send to me:
“International Finance Institute, the Global Leader in Finance and Investment Banking Training, invites you to join us for our upcoming training session in New York.”
Global leader? No one knows about them. These people operate from India or some other place and made their web look like other similar legit companies in us.
Be careful people, they will take your money and you will never hear from them again.

  • 3 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

Hi did you apply for this program? are they legit?

  • 0 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

Its a scam, I have researched them, they are scam and don’t know what they are talking about. They are reading a script and prop. operating from India or other country. Stay away, there are other programms that legit and have a legal address.

  • 1 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

Hi, i took the training last summer, and i can testify that the program and classes are legit. it has helped me a lot with my understanding and passion for Finance. i did my bachelors degree in Industrial Engineering and i am now switching to Financial Engineering. The International Finance Institute provided documents, materials and excel workbook that i currently own in my personal files. i am very fortune to have these workbooks because i can understand stock and market capital calculations. i have only meet the instructor David Huang, and it was a great experience. i recommend to anyone with a passion in Finance to take this training and get a certificate of completion.

  • 0 Helpful
  • 0 Funny
  • 1 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

I have tried to do some background check on them and was able locate the course instructors on Linkedin with some creditable looking credentials.
However, a quick check with CFA indicated that they have ceased to be part of the CFA CE program providers since Dec 2020 (IFI still advertises in their website that they are accredited by CFA with certain CE credit hours for CFA members). So, the course being offered here seems a bit dodgy.

  • 1 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

“some were fresh out of MBA programs” Lol.

  • 0 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam
  • 1 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam

The International Finance Institute seems very fishy to me. First of all I called their New York office to get some information and this guy named Zac called me back from an unknown number. He seemed kind of out of it when speaking with me, using slang words, not the type of language you would expect from a finance professional. I work on Madison Avenue and decided to stop by their New York office on the way to work one morning and I learned that they do not have an office at the New York location listed. After doing some research, I found out that they are like a travelling circus that keeps advertising classes but wont actually hold a class until it is filled, which is not that often. I also reached out to some former instructors who told me that they quit working with the Finance Institute because of the constant cancellation of classes and negative feedback it was receiving from disgruntled trainees. There are reputable options for I.B. training out there, but this is not one of them.

  • 3 Helpful
  • 0 Funny
  • 0 Not helpful
  • 0 Low Quality
  • 0 Inaccurate
  • 0 Spam
  • Anonymous Monkey
  • Jan 9, 2020 – 6:27am

I should have read this thread first!!
I was lead on by Dean, their so called specialist. They promise Industry contacts and resume editing service upon completing the course. I tried to call what appears to be their local line in Singapore, but it was a hassle to get through. I should have been suspicious.
Eventually I signed up; the first day, I arrived in the classroom which is really a conference room rented, but no office. and there was the course which was 30 hours of trying to cram everything, if you are not from business or finance background, forget it.
The instructor was an Indian : Hemant Jai who seems quite knowledgeable. But when we mentioned about Industry contacts and resume editing , he shrugged it off and mentioned that he was there only as instructor and knows nothing about these and suggest we have to talk to the IFI office (Dean)
Time went on and the course was done, but the resume and contacts that they promised never materialize, despite phone calls and e-mails for 3 months, nothing happens which also what my classmates encounter.
I am going to complain to the relevant authority next.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Like this post? Please share to your friends:
Binary Options Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: