It's all about the interest! I borrowed $15K for the Bath Express remodel from tub to walk-in shower (very nice I must say), but when I realized that they wanted $12,416.40 in interest over a 10 year period. I almost choked and said to myself, "that's not going to happen" I paid them off within 120 days and paid $372.07 in interest. Don't be fooled, they would have done it to me too, but I hate interest; so I paid them off as fast as possible. You can always find your own financing through your bank...any Federal Credit Union, Capital One, Wells Fargo, Sofi, anybody except these people. If they had reviewed my credit report in depth, they would have known that they were not going to get that much interest from me! read more

Beware! #FoundationFinanceCompanySchofield are predatory lenders. I've paid on my loan for 2 years and the principal has not gone down. I pay over $250 month in interest and my payment is $500. If you can afford this financing, you do not need financing. Just save and go buy your rooftop! Thanks a lot Erie Rooftop; you suck too! Attention Andrea M.: Thanks for gaslighting me. DO YOU THINK I DON'T HAVE ACCESS TO MY ACCOUNT? DO YOU THINK YOU ARE CHARGING A LOW INTEREST? Give me a break, Joker. read more

Foundation Finance Company - I'm not the only one. - Business Financing Near Me - Rothschild, Wisconsin

Predatory lenders!!! DO NOT USE THIS COMPANY!!!! I strongly advise against using this company! I took out two separate loans for a single pool project, and despite making my payments on time each month, my balances have continued to increase instead of decrease. My experience has been fustrating! Even though I financed the full amount of the pool, Foundation Finance only paid the contractor about 95% of the price due to fees that they applied per their contract. Now the contractor wants me to pay the balance of those fees. Recommend exploring other financing options to avoid the headaches and financial strain caused by this company!. read more

I went this route for my pool install last year. I set up my account to pay 500 each month on a 376 a month loan. 11.9% interest. The first four months, interest averaged 80-90 a month. After the fourth month the interest jumped from 300-600 each month. I usually do not look at my accounts on autopay but had some time during flights. After realizing a 500% increase in interest on a loan I paid over each month, I called. First lady put me on hold and never returned. The second person could not explain within reason to me on how or why the interest increased. First, he suggested "it's due to outstanding unpaid interest", I asked, "If I paid over the monthly amount how is there a outstand interest amount?". No reasonably explanation. He then suggested that the interest was calculated using the whole term of my loan and that's why the amount is so high. Lastly, he had a supervisor get on the line. Again, no answers, just I guess and maybe. I decided to pay the loan completely off at that moment. It must be nice to charge clients whatever you feel regardless of your contract. With that being said, I am a petty person and don't enjoy my time or money being wasted. The contract, along with statements as of this post has been sent to an attorney. I know they are in breach of the contract. Funny this, I'm so petty, I may just build a website for each person that has been wronged by foundation finance in order to make a class action lawsuit. Companies as this one eventually wrong the right person and they find out. For me to take time out of my day to write this just angers me more. Congrats foundation, I do have money and am willing to waste some of it. You better hope your contracts are airtight. If not, class action lawsuit! read more

so far been paying on a loan for my roof for about 10mo now. And this loan has not gone sown but maybe 1k in 10 months. which is pretty ridiculous seems i bought a new car just this past august and have already paid down 3500 off this loan something is seriously wrong here if my other loan for my car has gone done more then this loan thru foundation .. i maybe looking at refinancing this loan thru another company cause this is a scam and predatorial actions. not to mention your statements don't even tell you the percentage of how much interest you actually pay and ive been paying at least a 100 more then what is actually due. Id recommend staying away if you can. read more

We financed a water softener system through Foundation Finance in 2016 when we purchased our home. Despite consistently paying more than required monthly payments, we're still paying off this system nearly a decade later. To put this in perspective, we have fully paid off two vehicles in less time, each costing us three times as much as the water softener. Something simply does not add up. Every attempt to request a detailed payment history or account statement has been met with stonewalling and circular responses. Our inquiries are ignored, denied, or redirected in an endless loop. It feels intentionally evasive, like they have something to hide. This company operates in a way that raises serious red flags. Their lack of transparency and refusal to provide basic financial documentation is deeply troubling. For your own financial well-being, avoid Foundation Finance at all costs. read more

I would use them again for financing needs for our customers as a dealer i was having trouble with the owner answering the

We took out a loan for a patio and fence at 12.9%. After paying on the loan faithfully for 11 months thus far, the loan amount has not decreased. In fact, it has increased!!! Also, after talking to a representative, we were told that our loan was for 20 years. We were not told this because we don't need 20 years to pay for a fence and patio. At this rate we would be paying but 200% in interest. This is ridiculous!!! My husband found out about this while checking his credit report. Otherwise, we would have never known because the loan comes out automatically. We are getting a lawyer. I wish we would have known about this finance company and its bad practices beforehand, but we had used this contractor years before at another property and there were no issues. read more

Initially I posted a one-star review based on a complicated loan interaction that led to some legal complications. Several years later, in an effort to clear the matter, I reached out and got lucky. I spoke to Rachel Jones in collections, and she went out of her way to assist me. Please note I am BIG on customer service. This was above and beyond, even though it wasn't perfect. I have been ill and somehow spoke to another agent who fraudulently started taking money out of my account. I don't know how, I hadn't agreed to anything, but she did. Mattered not, because Rachel was persistent and solved all of my problems, including the fraudulent deductions. Ultimately, I am a COMPLETELY satisfied client, and I highly recommend Foundation Finance. Even it seems impossible, call!! Only speak to Rachel but do call. They will help!! Thank you, Rachel and her unnamed boss. I truly appreciate you hearing me and playing fair. read more

This company is a rip off--starting with the contractors who are a part of this company. The company intentionally sets a low monthly payment, so that you are paying longer on a loan. I pay more than the monthly payment and my loan is not decreasing. It's been 5 years and so far it appears I have only paid $2,000 on a $10,000 loan. The company also placed a UCC loan on my house without telling me even though I had been making payments. The contractor in Nolanville, Texas was a quick talking salesman who proved to be unethical. Worst of all, the work was shoddy, the deck is literally falling apart!! Used substandard materials and cracks everywhere in the deck. DO NOT DO BUSINESS WITH THIS COMPANY AND CERTAINLY DO NOT ENTER INTO AN AGREEMENT read more

I financed a roof through foundation finance. No matter how much i pay monthly they charge a late fee and the interest on the loan varies greatly from month to month. This payment itself varies as well. I would ask everyone to look elsewhere for funding and would not utilize this company. I don't believe they are using legitimate practices read more

Possibly the worst company in America. Please, if you are considering having work done on your property via a contractor and they use Foundation Finance to finance their work - RUN!! The contractors that involve themselves with these bottom-feeders are just as sleazy. FYI: ALL OF FOUNDATION FINANCE COMPANY'S LOANS ARE SECURE. MEANING THEY WILL PLACE A LIEN ON YOUR PROPERTY STRAIGHT AWAY! They won't ever mention this to you until you try and sell your property of course. Their APR rates are absolutely ridiculous. If you enjoy literally paying double, sometimes near triple the cost of your protect - then Foundation Finance Company is right for you. If you are like me and don't enjoy being scammed and abused, then steer clear of this cesspool of deplorable desperation. read more

As predicted, Andrea knew exactly what promotion I was referring to and still chose not to directly answer the question at hand, which was why anyone would be told to pay $9720 ($810/12 months) on an $8700 loan that was zero interest for 12 months. The fact that you and your agents are trained to pedantically explain how interest repayment works when you don't pay by the end of a promotional period is ridiculous. The customer service agent was told the amount would be paid in full long before the end of the promotional period and the figure given was STILL more than what was owed in that time frame. She would have never accepted this offer if the full terms had been explained to us, which is what I suspect the goal is for a predatory company. To anyone reading I suggest you decline setting up payments before you get to read the fine print on the terms and conditions. We finally got the paperwork today that confirmed the payments included interest from day 1 and decided to go ahead and take the hit to savings by paying the entire amount off and avoiding future business with your company any longer for fear of you putting a lien on the property without our knowledge, like nearly every review between Yelp and BBB states. Your answer shamelessly admits interest is being added before the end of the promotional period for either. Your answer implies that you would be charging 11.75% interest for a total of $1020 during a 0 interest period and then waiving the interest and, what? Repaying the overcharge? Run, do not walk, far away from Foundation Finance. read more

BEWARE!! Foundation Finance claims they charge a low % rating. HOWEVER, it is not actually low. NO WHERE in the contract did it state it was compounded DAILY! Yep folks you will pay back more in interest than the actual payment. I am telling you all this from personal experience!! DO NOT USE THESE GUYS OR YOU WILL GET TOTALLY SCREWED!!! read more

If I could give 0 stars I would! I work for a construction company and we were looking to get finance for your clients. We signed up to become dealers with Foundation and it was off to a good start. We had multiple clients that applied and were approved. When it came down to actually getting funded, this is where the nightmare begins. I was the one in charge of the dealer portal, and they have sport of a check list that needed to be done where they would ask for you to submit different documents depending on each client. I had one client that had pretty much everything checked off. They made their final verification call and then asked us to submit the client's invoice. I submitted... waited and nothing. I called, left voicemails, then finally a few days later I was able to reach someone and they said they haven't reviewed the invoice yet and that they will get to it soon. Next day, I checked to see if everything cleared so that we can get funded, only to find out all the checked boxes were unchecked and they now needed a whole other list of documents. I called again and spoke to a manager. They said that the client didn't "qualify" anymore and they pulling back their loan. They didn't even have the audacity to call and notify me or the client. I had to call them to get this information. This left us scrambling, trying to figure out what to do because the job was complete and the client now had no way of paying us. Mind you, this was a 70k loan. How do you approve someone and go through all the steps only to reject them once they ask for their money??? The worst part is, we had three different clients that were expecting funding around the same time and they kept throwing us curveballs and giving us bs excuses for why they can't fund the loan just yet. I am now on the hunt for a better finance company to offer clients that won't leave us hanging last minute. This company is very unprofessional. DO NOT WORK WITH THEM! read more

DECEPTIVE business practices!!! Was explained by company that 0% financing was good through the end of the loan if paid in full. Was NOT explained that the promotional period for 0% expired before that and if not paid in full at the end of the promotion, interested would be owed. Now I had to pay over $360 in interest fees that would have been avoided if Foundation Finance explained this. When I called to inquire, they attempted to blame the installer of my equipment for which i took the loan out. BUYER BEWARE. GET A LOAN FROM SOMEONE ELSE. read more

Update: Paid off loan mid April. Company's response stated they report to Credit bureaus monthly. Didn't fall off credit report at end of April. So that was a load of crap. May is now over which is another full month and still shows balance on credit report. Called the number and they have no idea and can't give me any answers. Call back in a week. Escalated. read more

I would give them a zero rating I paid on this loan for over 3 years at 200 a month for my roof. After 3 years they could not tell me how my loan started at a little over 12,000 and when I paid the rest off after I sold the house I still owed 11,500 after 3 years the first several months 100 percent of the money was going to interest. Do not ever get a loan with these crooks. You will never pay it off. read more

So the pandemic game I got 4 months behind on my payment my bad. But then I came up with the money to pay my windows off I called them and asked for the final payoff amount and they gave me a number. So I paid it off. Two weeks later we don't receive our paid off paper. NSA we still owe $200 from November payment. I clearly called and asked what was the total payoff for my including late fees. Then they didn't call me the lady I was talking to did not respond to any of my emails anymore. F*** you Wendy Gleason. So I guess they are trying to make more late fees because if I want to never call them they wouldn't have never told me about this. I would invite anybody not to do business with these people at all their rip off read more

Never, ever, do business with Foundation Finance. They don't have automated telephone payment, their website is a complete disaster and the on-line payment has not worked properly for over one year and I have been doubled billed several times. If you call to straighten it out, good luck trying to get them to even answer the phone. We financed a Culligan water treatment system through Foundation, because that's who Culligan uses. Stupid me for not checking their one star rating. read more

Was suppose to have a $8k job funded today to us, but after speaking to them, found out we would get paid at some point but cannot say when, could be one week or several weeks. This now confirms that they have been making interest upon interest and not even using there own money to fund these deals. Basically we as a contractor assume the risk and they are on the fence to pay us at will. This is really shitty way to treat contractors who advertise financing on your behalf and pay a fee to offer it, then basically screw us over in a crisis time. When every dollar counts, every job counts and we expect to get paid for a job completed and 3 days recession occurred. I'm told, banks have frozen there funds so they can't pay us. read more

They place a UCC lein on your house/title and don't tell you that when you take a loan out with them. Only found out about this when I tried to refinance my house. Then they wouldn't transfer/subordinate it during the refinance unless they were paid off. It was very much like coercion and even the person assisting in my refinance was taken a back by their rudeness. Pretty much stated he had never had a company NOT subordinate. I would stay away! read more

if my loan is a "simple interest" loan as you state, then why doesn't as my loan balance decreases does not my interest charged do likewise. i do not understand the math. please explain how finance charges are calculated and applied. why would my finance charge increase when my balance decreases? that does not make sense to me. the daily periodic rate is 0.027%, apr is 9.9% my average daily balance as of 5/15 is 12,131.38 w/ interest charge $101.64? my average daily balance as of 6/14 is 11,678.13 w/ interest charge $117.97? my average daily balance as of 7/15 is 11,360.22 w/ interest charge $196.81?if it is calculated against the "average daily balance" and my balance declines i would expect to see a finance charge of less and not more. why is that not the case? please explain. thank you. read more

Wasn't pleased that I was just informed from a third party March 2021 that foundation finance put a lean on my house. I've made on time payments and my accounts are current. When I called customer service they informed me that the lean was put on April 2020 and that per contact they can put a lean on anytime they want. No warning, no notice, but if a payment was late I'm sure they would be on the phone calling me. read more

This company was behind in their reporting and there was an error with them pulling the money for our direct deposit. We paid exactly what they told us to pay, and they said everything was fine. Now 10 months later they randomly reported a late payment (which they said they were not going to do) and it dropped our score 123 points! This company has been terrible to work with and should get everything in writing because they will come back to screw you over in the end! read more

I was shocked to just find out that Foundation Finance put a lien on my home to finance completion of our Crawl Space. Yep, just found that out after closing on a refi (this could screw that up). I understand a home equity loan having a lien. But, we filled out countless paper work and spent hours setting that up. This? Just a quick approval process with the Mother in Law. Unfortunately, I personally did not see that paperwork. read more

I had no problem with foundation finance until I wanted to pay off my balance so I didn't incur finance charges it was a promotional interest was free. I paid on time but my payment didn't go through and I was never contacted about the issue I noticed it when I was sent a bill with finance charges. I called them and they agreed to remove finance charges so just make sure you keep all your paperwork until every payment has been processed. read more

Do not do business with this company, very hard to get a hold of someone. They call you to let you know you have a payment due, but never answer when calling back. this caused my credit to drop. Only gave it a one star because there is a no star option. read more

Do not do business with this company, not worth it at all, stay away. Their customer service sucks, they take forever to do anything, I needed a payoff to refinance and they take 48 hours to get it done, my mortgage company had it faxed to me in 5 minutes and these guys take 2 days?? We have made every payment and they won't let me refinance without paying off which is also extremely frustrating and unnecessary, I should be able to pay off what I want with my equity. I would never do business with this company again if they paid me. And this is from a customer that has never missed a payment, I feel sorry for anyone who comes across hard times and needs them to work with them. read more

This company employees only intellectually and morally challenged people. I have excellent credit and was granted a loan for remodelling through People's Products, Foundation Finance has screwed up several times. The person who confirmed the loan and "installation" never did what she said she would do on my behalf. She only seemed interested in getting a one time / beginning payment. She did not make the loan due at the first of each month and she did not set up auto pay as requested by sending me the "paperwork" they needed to. I called them on 6/23/2020 and asked where my loan information was...I am not allowed to set up autopay online. Spoke with Amanda, she said she would send out a "consent letter" required by state of Mass - its 7/8 and it was not received. Spoke with Maria just now, explained above, got lame apologies and had to go through all over again what I did with the first representative! Maria did not speak accurately when she asked if I wanted to set up a payment - when I was asking for a monthly debit and not a one time auto pay. We got that cleared up and supposedly the paperwork is coming out to me and she set up what the other two could not - a monthly payment at the first of each month. Awful. Waste my time. I don't get paid to take care of their business. It appears to me that they want people to miss payments so they can collect late fees and raise the interest rate to 17.99 like the credit cards like to do.... 7/8/2020 4pm read more

Worst finance Co I've dealt with in my life. High interest, sent out bills late in mail so the payments were almost late before I could even attempt to send it out as well as holding payments for several days to cause it to be late and blaming the mail or processing time. Reported to credit bureau even after loan was paid off month previous . Steer clear of this Co read more

This place is shady.They ask for a routing number for payments and I'm not comfortable giving it out to them.I was told I HAD to have one to make payments when that was never discussed before.The water softener company they finance for is a total scam so I guess the partnership is fitting.They call non stop when you miss a payment yet the lady tried to tell me I had missed a payment and that was why my bill was showing a extra $20 this month.I know I never missed a payment/paid late yes cause the filter DOES NOT WORK and it's hard paying $10,000 for something I did not want in the first place but was kinda forced to go through with.This place does not help with people losing their jobs due to Corona either when all my other accounts have helped tremendously.I would advise avoiding elite and foundation at all cost.. read more

I wish I could turn back time and refuse this company. If I had known I would have never signed. And now the online payment service is so worried about someone hacking my account to pay my bill I have a email verification code to be entered everytime I log in... BRAVO you have made inconveniences a staple at your business read more

Staying open during COVID 19. Don't qualify for small business relief and alot of my workers are 1099. Having to sacrifice margin to get work from homeowners and offer financing that costs fees further reducing margins. Now funding is 'delayed' indefinitely. I can't believe they let me offer financing that they can't get funded and gave me the green light to do the work. Now I have to choose between my business relationships and my personal credit to make up the difference and pay for the 2 jobs I haven't been funded for. Just last week they said friday or monday at the latest for funding on a recorded line. Please correct the situation. Blamed delays on their needed POI and drivers license photos, when really they are rolling week to week via payments. read more

Stay well clear of this company. Despite securing your loan to your house that slam you with rates just as high if not higher than a personal loan. Not only that but they offer 0 assistance for extenuating circumstances. I missed a couple payments while on deployment because the linked card was blocked due to fraud charges and I called to catch it up immediately and asked if they can forgive the missed payments due to the circumstances. 0 help, they simply cited a strict reporting policy and said too bad so sad. Credit takes a hit and they couldn't care less. Stay well clear. read more

I cannot even get them to send me my monthly billing statement on a regular basis. All my other bills, when the statements come in, I pay the bills. With Foundation Finance I'm left scrambling, trying to clarify what I owe, the date when it's due, where to mail the payment, yada-yada-yada. Sending out billing statements should be a fundamental core task of this business. The burden should not be on the debt holder to scramble to meet his obligation when the creditor drops this ball. Or is it just me -- and everything in this country is just falling apart? read more

There is no option on their website to paydown principal. If I have some extra cash I try to pay down my the principal on my loans. With my mortgage and car payments, along with my monthly payments it allows me to make an extra principal payment. Foundation Finance doesn't have that, they tack on any extra to future payments, so I may be 4 month ahead on payments, but I'm not really paying down my principal early. This sucks! Lenders like this just want to bleed people dry, by not giving you a chance to get out of debt. read more

As I called- Foundation was quick to respond with a typical corporate response making sure to say they adhere to guidelines. I'll have to find my paperwork and show the terms and conditions which are vague. It's not just me saying the same thing but multiple comments from others saying the same thing about their business practice. Foundation is hiding behind the word "adhere" to protect themselves. What I suggest is those having issues with Foundation to post photos of the terms. Can't argue with the paperwork. Representative replied with such a typical response which I knew they would. Don't fall for the corporate response of them adhering to guidelines. True, some comments are exaggerated but there is a lot of truth in them. Foundation does not provide clarity or material information upfront until something happens and without notice, this company places liens on your property. As I stated, I didn't know a lien was on my property until I go through the refinance process. When I called that's when they used their "right" and guidelines stating the terms are noted in the contract. No it's not. Haha- when you call them on it, this is where the tough guy by phone comes out. It's as if they get these calls a lot and go on auto- defensive mode. So for those wanting solar, HVAC etc....ask who the company uses for lenders. If Foundation is one, STAY AWAY!! The representative that replied, you can type as much as you want about how your business has "satisfied" customers and that's great! However if they were as satisfied as you think, an average review would not be at a 1 Star. If I could rate at a zero, I would. read more

We've had a loan with this company for over 3 years. The initial balance was just under 15k for window replacements. We paid more than the minimum balance every month, about 200/mo. My spouse noticed our balance was still around 11,500. I called to determine what the interest rate was and was told it was about 1.5pct, compounded DAILY! So 93 or our 200 was going to interest! I immediately found another funding option to pay off this balance and move on. Pissed I didn't catch this sooner. What a waste! read more

I got financed through FF back in 2015 for an energy upgrade to my home. TERRIBLE company. I missed a payment once, my fault, but it was a mistake that I took care of once I realized the error. These assholes SENT SOMEONE TO MY HOUSE and taped a blank envelope to my door with Foundation Finance written inside of it in pen WHAT THE ACTUAL FUCK... so creepy. Not only is that trespassing, it's also intimidation. I wish I could have been there to kick the guy off my property personally. And the loan wasn't for that much, less then 20,000. Avoid this company at all costs. I was so glad I paid them off as soon as possible. read more