On Deck CapitalComplaints and Reviews

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  • Customers like
    • Fast funding 1
  • Customers don't like
    • That they are predatory lenders 1
    • Unethical practices 1

I am a hard working, small business owner. I did not even need their loan but they were promising cash by Monday on Friday, which was the bait. :-( I thought I got a great deal because I negotiated with them that at the end of 6 months, they will reduce the interest rate from 19% to 9%. Unfortunately, I did not have their commitment in writing. Now they bluntly deny they ever made the... Read more

Was this review helpful? 1 1

This predatory lender will gladly take your hard earned money without any concern for the hardship it causes you - the small business owner. They charge an "origination Fee" that is an additional scam, they also take your hard earned money and apply all payments toward their 69% interest they will charge you! What that means is, when you borrow money from them, you pay them back for months on... Read more

Was this review helpful? 1 0

If you think paycheck advance companies are a good deal for the hourly worker, then you should be real happy with On Deck for your small business. They are just blazing the latest trend in predatory lending focusing on the desperate small business owners. They have been hammering us with junk mail, so we thought, okay, why not give it a try. Now that we have gone through multi-hoop, multi-day... Read more

Was this review helpful? 2 0

On Deck Capital also goes by Direct Capital told me I could pay it off early without penalty. When I went to pay off the loan they still charged me all the future interest left on the loan. No real loan does that. This is a money advance scam that uses an internet bank to send out the money. On Deck Capital uses B of I, Bank of Internet with not one location. I went ahead and paid them off... Read more

Was this review helpful? 35 59

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