Money Tree
December 22nd, 2007 at 12:23 pm (Uncategorized, Loans, Mortgages, Sub Prime)
Some companies are claimed to be one of the best ones by some special criteria and are praised by mass media and people. And a lot of such companies happen to be privately-held. People who run their own business look after the things that are happening in their company more careful than others. One of these companies is Moneytree which is regarded as on of the most philanthropic companies in the United States.
About the company. Moneytree, Inc. is a retail financial services business. The company is headquartered in Seattle, Washington. Moneytree is a privately owned family business that was founded as a check cashing business. The main aim of the company is to provide the best retail financial services, to amaze customers with great customer service and quality of goods and services, and to have employees that would meet the requirements of customers. There are 1,200 people employed nowadays in Moneytree. The company is considered to be one of the best businesses in Washington. Moneytree specializes in so called payday lending, check cashing, wire transfers and other services of financial nature. According to company’s reports, it provides best workplace environment for its employees and cares a lot about their welfare. Moneytree advices people with financial problems to seek credit counseling, not to use Moneytree’s payday loans.
Compalaints. But still it happens that some complaints are filed against Moneytree. What are they about? People complain that the company could not provide them loan that they requested. And when they tried to contact Moneytree to clarify the situation, they were asked to call back. And after that the luckless customers were just redirected to some other line. Maybe these things happen because the company just does not want to get involved into lending with sub prime customers. This sub prime loans market is a very risky thing because of many loans being defaulted on and the total softening of the market.