Debt collection -- False statements or representation -- Complaint #5039711
Complaint Overview
Complaint ID: 5039711
Company: Smart Money Alliance
Product: Debt collection
Sub-Product: Other debt
Issue: False statements or representation
Sub-Issue: Attempted to collect wrong amount
State: Nevada
ZIP Code: XXXXX
Date Received: 2021-12-24T12:00:00-05:00
Date Sent to Company: 2022-01-12T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Servicemember
Consumer Narrative
On XX/XX/XXXX, I docusigned a White Label Agreement, with XXXX XXXX, XXXX of XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX ( XXXX ), to market a financial literacy program to small businesses and refer clients to the " Access to Capital Program '' on a fee split basis. XXXX XXXX marketed this program as being " No Cost ''. On XX/XX/XXXX I received an email from XXXX XXXX titled " Mid Month Update '', stating that I had provide atleast ( 2 ) clients to hit my performance goals, to aviod having to pay a {$10000.00} non-refundable deposit. It was discussed that as a White Label Partner I was in complete control and could offer the program for free, or for a cost, which was to be shared with XXXX on a XX/XX/XXXX split. Prior to docusigning the " White Label '' agreement, I had a conversation with their XXXX, XXXX XXXX, who again, advised me that there was not cost. I received the agreement and signed it. On XX/XX/XXXX, I advised XXXX XXXX of my intention to no longer affiliate with he or his company as his practices were fraudulant and deceptive and that I was assured by his Chief Marketing Officer, that there were not costs involved. XXXX has sent this matter to a paralegal firm who had repeatedly emailed me invoices for {$10000.00} each month. Also on XX/XX/XXXX, I received an email containing a XXXX XXXX, TX news article dated XX/XX/XXXX, which stated XXXX XXXX had been arrested by Texas XXXX and his business was being investigated. The article cited a woman from New York, who had also filed a complaint with the XXXX alleging XXXX XXXX prays on minority businesses and scammed her out of {$3400.00}. Also see XXXX Report. I believe XXXX XXXX to be a financial predator, who preys upon minorities and minority owned businesess. I can provide copies of all documentation. I have also reported this matter to the Attorney General 's Ofice as well and can provide case information
Frequently Asked Questions
What is Complaint #5039711 about?
Complaint #5039711 was filed against Smart Money Alliance regarding Debt collection specifically about False statements or representation. It was received by the CFPB on 2021-12-24T12:00:00-05:00.
How did Smart Money Alliance respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Debt collection) and describe your issue in detail.
Can I see other complaints against Smart Money Alliance?
Yes, visit the Smart Money Alliance company profile at readthecomplaint.com/company/smart-money-alliance to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.