I googled the company name and came across a report from the Better Business Bureau, which rates the company F (worst rating) even though they have yet to receive a single complaint about the company.
The fact that the BBB gives the company such an unfavorable rating simply based on the nature of its business (advance fee broker) should provide a hint.
It’s like getting money based on the title for your car; it may well work for some people; however, in general it’s just not a good idea.
Based on the company’s presentation, they are not even a lender. They sell you a process that you can do yourself.
I hope this helps.
I signed up for Drahcir in June. Got approved in July. Was scheduled to be funded in September. Now, it's November and....nothing.
I heard that their organization imploded when they couldn't get files through DNB, but it's been awhile and they should have recovered by now.
My only consolation is that I didn't pay any upfront fees. Also, I think the owner has a lot invested in the process, so they have alot of incentive to find a way to make it work. I haven't written them off yet, but they sure are SLOW!!!