- Report: #1491260
Complaint Review: TAFS Inc - Kansas City Missouri
-
Author Not Confirmed
Why?
TAFS Inc
P.O. Box 872632 Kansas City, 64187 Missouri, United States
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
TAFS, Inc TAFS fabricated Buy Out Fee. Kansas City Missouri
Report Attachments
TAFS buyout calculation
I started factoring with TAFS in October 2017. I properly notified them that I wanted to terminate my agreement at the end of the term. TAFS acknowledged that they received my notification and confirmed the date I was eligible to terminate.
When I tried to payoff the balance of the advanced receivables, they added a “Buy Out Fee” of $8,500. No where in their agreement is a reference to any sort of a buy out fee or is it specifically defined. They have breached their agreement.
Of course, I am at their mercy to either remain under their security agreement or pay the fee. This is a terrible practice and only hurts them with any future business. I am warning people who are considering working with TAFS.
