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Blessing Capital

1.0 (1 review)
Closed • 9:00 am - 5:00 pm

Services - Blessing Capital

Business loan

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4 years ago

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Omg please beware of this company!!!! PLEASE BE PATIENT AND READ ALL. I was inquiring about…read morebusiness capital and this company said they approved me for $50,000 after sending them 3 months statements and everything else they asked for. Sent documents to sign thru docusign and all seemed very legit. Sent a loan proposal for $50,000 line of credit 5.85% with monthly payments of $987 with "immediate disbursement of $14500" and other $35,500 would be able to be withdrawn from "the portal" after 5 days all of which is acceptable. Signed initial offer stating all is ok. I am told to send copy of license and voided check "for funding" I send it. Next day am asked to link my bank account, I did(this is normal like with kabbage or prosper) I am called and told the final documents will be emailed to sign and give a $495 closing fee which will be refunded on funds disbursement. I even do this, but now I am starting to get nervous that this is too good to be true and I just got scammed out of $495. Then "the underwriter" calls and says final loan docs are going to be texted to me and this is normal. I get a text thru clixsign of docs to initial and sign... I start reading the fine print and details, they have referred me out to Bitty Advance a predatory business lender with rates of 90 to 330% who is going to fund me $14500 ($13206 after "fees") and take $230 A DAY from my account until $21000 is paid back!!! I call guy immediately and ask "am I getting $14500 to be repaid at $230 a day or $50,000 At $987 a month. I am assured I just dont understand and "thats the max I would pay if I defaulted" but Im not paying $230 a day. I start to sign again then have a bad feeling. Take an hour and read EVERY LINE and look up Bitty Advance and sure enough they only need "a voided check and a picture of drivers license" to qualify you for "up to $15000 MAX LOAN. GEE I JUST SENT THEM THAT YESTERDAY "FOR FUNDING" I tell him I wont sign anymore papers until I see the loan docs state $50,000 at 5.85% at $987 a month as promised. I get a reply of "only if you send 3 years tax returns, are a 720+fico score and have collateral..... OH SO THATS THE EXCUSE YOU WERE GOING TO USE WHEN I WAS LOOKING FOR THE OTHER $36,500 and I was ALREADY LOCKED INTO REPAYING $230 a day to the "lender" you pimped my info to for a fee.... I disputed the $495 thru paypal and my bank and thank god it was thru paypal because I was refunded immediately. Sorry so long I wanted ALL DETAILS SO YOU DONT GET SCAMMED. THIS COULD RUIN PEOPLE ESPECIALLY DURING COVID. SHAME ON THEM!!

Blessing Capital - financialadvising - Updated May 2026

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