May 28,2024 I entered into a financing agreement with TrueCore Capital, LLC under the impression—based on direct verbal communication—that I would be able to prepay the balance in full after one year without incurring any interest or fees. This verbal assurance significantly influenced my decision to proceed.However, upon reaching out to exercise that option after one year of consistent, on-time payments, I was informed that I would still be liable for all accrued interest, finance charges, and a 5% prepayment penalty and that TrueCore Capital is just a broker and not the finance company. This directly contradicts what was represented to me at the time of signing.The written contract includes a prepayment clause, but it does not reflect the no-interest terms I was verbally promised. When I requested call recordings or written evidence supporting what was discussed, I received no clear resolution or documentation.As a business owner, I take my obligations seriously, and I expect full transparency from financial partners. Unfortunately, this experience with TrueCore Capital has left me feeling misled and financially burdened due to a bait-and-switch approach.I urge others to get everything in writing, and I caution anyone considering this company to review all documentation carefully and not rely on verbal statements. I am currently exploring my legal options for misrepresentation.
Claim your business profile now and gain access to all features and respond to customer reviews.
TrueCore Capital, LLC is a commercial finance brokerage based out of Los Angeles. We have hand-selected numerous standout lenders from the marketplace who have the most competitive rates for their respective credit niches. We are designed to offer truth and transparency for all your business funding needs.
