Nexi FinanceReviews of gonexi.com

Solicited me with out permission

Our business faced a non expected slowdown in collections on outstanding invoices and missed payments on all three merchant cash advances (MCAs) that we had, each from a different financing company. Two lenders patiently worked with us through the slowdown and did not penalize us. The third lender was Fundamental Capital d.b.a Nexi, a total opposite of the other two lenders in terms of approach. Nexi was firing on all cylinders. A typical case of machine guns at a fist fight. The level of aggression and speed was unmatched. Nexi was quick to categorize their merchant cash advance as a case of default. Nexi was quick to file a lawsuit with their arbitrator of choice called Rapid Ruling. (Eventual total cost of arbitration related charges was less than $2000). Next, with full knowledge that arbitration takes time, Nexi, through a letter signed by Jacklyn was quick to write to our business's payment processor, first to seize any amounts in that account, secondly to seize all incoming payments from customers, and to freeze the entire account. This brought our business to a near standstill. Then there were Nexi calls to our office threatening to collect directly from our customers. This was all in a matter of days. Unknown to us, this was Nexi's well-orchestrated plan to tie our business's hands, immediately bringing it to a stand still and to DICTATE (not negotiate) a quick, exorbitant and extortionist settlement down our throats, and to ask us to inevitably notarize it if we wanted to stay in business. Diana of Nexi demanded a humongous default fee/attorney fees of 30% of the amount that was outstanding. 30%! That's $19,565.42, to be added on to the outstanding mca balance, as a default fee/attorney fee, as the ONLY path to give our business a lifeline to resume normal operations. She insisted that "30%" was clearly and specifically stated in the funding contract, and yet it wasn't. Fact!). And that I had to make a decision quickly prior to potential additional collection measures. To save the business and resume normal operations, we signed the settlement agreement. In the months that followed, after so much back and forth communication, Nexi reduced the exorbitant "default fee/attorney fees" to a slightly less exorbitant, but still excessive, and still extortionist "default fee/attorney fee" of approximately $11,565. The aggressive tactics employed by Nexi almost closed down our business unnecessarily, causing immense stress, financial hardship, financial loss and loss of some business. Today, all three lenders are paid off. We learned the hard way to do our own research and due diligence on lenders, prior to ever taking a merchant cash advance in the future and more importantly, to critically vet lenders and their brokers.

You pay off the loan and your harassed into making additional payments never paying off the balance.

Do not do business with this company!!! They have attached a $42,000 default fee to my loan without my knowledge. I have not defaulted on this loan. All of my other lenders informed me that this company is horrible and aggressive.

Mislead me into a predatory loan. Avoid at all costs! They operate in the shadows. Haiti Israel

Liers the said payment would be one amount then charged much more. Then tried to bully me like they were mobsters

The overcharged me for 1 daily transaction which is a big amount for me. Samantha Perez is sales person and she stopped responding me after I started making calls for overcharging me. The amount they overcharged was $ 168.