Credit card debt can be crippling. Working with a debt consolidation company can be far worse. Dealing with a scam company will further complicate matters, put your private information at risk, and delay your uphill battle. Recently, a lot of websites have been discussing Neon Funding so we decided to research it. During our investigation, we discovered that Neon Funding isn’t a debt consolidation company at all and it is one of the many scams in a much bigger network.
Below, you’re going to learn more about the Neon Funding scam and the other companies following suit.
Why Is Neon Funding A Scam?
You should never expect that you’re going to receive assistance from Neon Funding. This company is using the mailing address for the late Leo C Wardrup who served as a delegate in Virginia. The website does not mention anything about a physical address either. This alludes to the fact that it is not a company at all and is only a website designed to help other companies.
When searching Virginia’s State Corporation Commission for “Neon Funding”, we find that there is no company by that name in the state of Virginia. Finally, we should check the company’s Disclosure since it is proudly listed on their official website.
When doing so, you will read “Neon Funding is not an agent of you or any lender. Neon Funding services are only administrative. Neon Funding is a paid marketing lead generator.”
This means Neon Funding will take your information and pass it to some other debt consolidation company while making money all the while. The company is only a middle man and doesn’t offer any services whatsoever besides giving you to another company.
The Countless Others
While researching Neon Funding, we came across several link farms or possibly private blog networks. These websites are designed so the creator can sell backlinks on Black Hat websites for $20, $30, or even $40 a pop. In return, you’ll get a back link and that will boost your site’s standing with Google and move it higher in the search results.
A few examples include slimger.com, LondonDailyPost.com, AmericaDailyPost.com, and others. These websites all have articles mentioning Neon Funding, Credit 9, and several review websites. Some point to best2019reviews.com and others point to best2020reviews.com.
First, we should say that the pretend “news” websites are completely bogus. These sites are flooded with articles promoting spammy and scammy products and services. These websites are linked to shady services such as VidaGenex Ketoburn and just so many others.
These sites are likely link farms that are getting paid to post articles with links to shady websites. Either way, we don’t have to look far to find the other countless scams like Neon Funding.
Neon Funding & Others
When viewing best2019revews and best2020reviews, we can see that both were designed to promote several companies but Freedom Debt Relief in particular. Unfortunately, none of the companies featured on these sites are any better than the others.
Freedom Debt Relief is operated by Bills.com LLC which is a marketing lead generator. Sure enough, Bills.com will redirect the user to Freedom Debt Relief LLC. Looking at BBB’s page for Freedom Debt Relief LLC, we can see that it is filled with complaints and angry consumers.
Furthermore, it should be noted that the Consumer Financial Protection Bureau settled a lawsuit against Freedom Debt Relief LLC in July of 2019. The company was accused of violating the Telemarketing Sales Rules by charging advance fees and failing to inform consumers of their rights to funds they deposited with the company.
The company was also accused of violating the Consumer Financial Protection Act of 2010 by charging customers without settling their debts as promised, charging customers after forcing them to negotiate their own settlements with creditors, and misleading customers about the company’s fees and ability to negotiate with all creditors.
Suffice to say, Freedom Debt Relief is not a good company either. None of them are. Take a look at the BBB complaints and you’ll find that consumers are paying $350 a month with little to no results. Another says he has $217 left in his account and he called to cancel his services with Freedom Debt Relief after filing Chapter 7.
The customer alleges FDR claimed they had a right to the remaining $217 so the client could pay outstanding fees.
The Sad Truth
The sad truth is that Neon Funding and legitimate debt consolidation companies do not care about consumers. Do not believe the bogus websites. Look at the cold hard facts. To protect yourself and your money, it is best to stay away from Neon Funding, Freedom Debt Relief, and all other shady companies.