One consumer informed the BBB that GreenPoint Capital did not honor the contract she made with them after paying $800 by wire transfer. The consumer was told a $5,000 loan would be in her account on Jan. 31, but the money was not provided; and the company representative called to ask for another $800, saying they needed more security on the loan.
This consumer said GreenPoint Capital took everything she had, plus money she borrowed from someone else, to get the $800 to take out a loan.
The BBB has attempted to contact GreenPoint Capital by phone and by mail. No response has been provided by the company.
An address of 535 Chanticleer Trail in Lansing is being used by the business on its website. This is a private residence and not a business address.
In addition, the state has no record of GreenPoint Capital being licensed to provide consumer loans in Michigan, as is required by law.
GreenPoint Capital is apparently marketing itself on a national basis, as complaints have come from three different states, according to the BBB.