A single rumor comes with the power to ruin the reputation of the company that has existed in the market for a long time. The Kennedy Funding Company, a giant private money lender, reportedly facing such rumors that are giving a huge blow to its reputation.
If your business involves lending or receiving large amounts of money, your knowledge of the Kennedy funding complaints is vital. This will help you avoid becoming a victim of such rumors.
Rumors are generated when a person, organization, or saying becomes popular. They need confirmation to be accepted. This blog is focused on the Kennedy funding complaints, how they originated, and their impact on the company’s reputation.
What makes the Kennedy funding recognized?
The reputation of the funding company is undeniably at its peak. A few incredible features have been responsible for the company’s huge reputation. Let’s have a quick look at these incredible reasons:
1) Approval within 50 days
Unlike other lenders, the Kennedy funding company approves your request for funds in just 7 days. Usually, the approval and disbursement of the loans take 30 or 60 days or sometimes more than that. However, the company has established a benchmark in the market by giving quick approval and disbursement.
2) Involve huge money
The strategies used by the company allow it to lend huge money to borrowers with fewer requirements. The money range that you can borrow is around 1 million to 50 million. Usually, the approval and disbursement time depend on the amount. The larger the amount is, the larger the time it will take to get approved.
3) High-risk tolerance
Another feature that gives weightage to the reputation of the company is its ability to tolerate high risks. Generally, it is impossible to get money with poor credit history and unconventional projects. But thanks to the strategies employed by the Kenney funding team that allows the candidates with such backgrounds to get the loan from the company.
4) Worldwide reach
The reach of the company is not just limited to the region of the USA only. In fact, the company has its clients in Canada, the Caribbean and Central and South America, and Europe. Thus, its ability to serve clients across borders makes it a global company.
Kennedy funding complaints
a) Hidden fees
Kennedy Funding boasts of its transparent loan terms but the origin of rumors of the company receiving the hidden fee demonstrates the opposite. The reports based on the negative reviews delivered by the customers of the company state that the company is notorious for including fees for documentation, charges for certain requirements, and prepayment penalties.
Reviews of the customers on Google are undeniably untrustworthy. However, this literally gives an idea of the level of trust you can give to the company. Customers’ allegations of the company taking hidden fees are really reputation-damaging.
b) Higher interest rates
Now, the rumors of the company giving money high-interest loans are true. Yes, the company lends money on the high interest rate which is usually around 95 to 12%. While others have set the bar to 6% only. Thus, Kennedy Funding Company charges a high interest rate, leading to the steep repayment.
c) Absence of strong customer relationship management
Some negative feedback also pointed out the company’s lack of strong customer relationship management. The occurrence of such situations usually happens due to the lack of strong communication links.
d) Legal disputes
The lawsuits against the company’s unnatural behavior also troubled the growth of the company. The recent reports on the breaches of contracts and the misrepresentation of the data have been a blow to the customer base of the company.
The Future of the Company
The company’s future depends on the team’s decisions on the rectification of the mistakes that it has made in the past. There have been many companies that have managed to stand after such incidents. But only after the commitment to not repeating the mistakes.
1) No dissolve
There have been no reports of the government dissolving the company yet. Thus, the company can still operate after paying the penalty charges and facing the punishment. Kennedy’s reputation is quite high and its strong team can still manage to maintain it by committing to the adherence to the rules and regulations.
2) Low interest rate
Of course! The rectification in the rate of interest is expected. As the reviews have highlighted the problem of the high interest rates, the team will surely lower the interest rates. The lower interest rates will expand the customer base.
3) Correct information
As the company has also faced lawsuits due to the misrepresentation of the data, efforts to show the right data are expected from them. In addition to this, strong customer-relationship management is also expected.
Conclusion
Kennedy Funding company has a reputation for its incredible features and services. Such rumors are surely damaging the company’s reputation and impacting the customer base. However, the commitment to strict and transparent adherence to the rules and regulations can help the company get back on the route to its goal of reaching the heights of success again.
FAQs
Ques 1) What is the maximum limit of the amount that the company lends to the customers?
Ans) 50 million is the maximum limit of the amount that a customer can get.
Ques 2) Where are the headquarters of the company?
Ans) The headquarter of the company are in the USA.
