Kennedy Funding Ripoff Report: All You Need To Know

With a growing range of services, there has also been a rise in discrepancies. You shall find financial ripoffs everywhere, regardless of the sector you are in. Often operating under the veil of superficiality and utopian promises, these firms aim to indulge in illicit activities.

One such infamous occurrence involved Kennedy Funding Inc., a private financing company operating in the real estate industry. The Kennedy Funding Ripoff Report has drawn mass attention alongside criticism. This article gives you a detailed case study of this incident. Let’s begin.

A Brief Introduction To Kennedy Funding

As mentioned before, Kennedy Funding is a known name in the real estate industry. With its office located in New Jersey, it is a private financing company which has been existing in this industry since 1987. 

To summarise things for you, here is a chart that contains the basic yet necessary information about this real estate conglomerate. 

The Basics Of Kennedy Funding: An Overview

Name Of Company	Kennedy Funding Inc.
Formed on	1987
Company Type	Direct Loan Agency
Operative In	Real Estate Industry
Specialises In	Bridge Construction
	Land Acquisition
	Helping Firms From Bankruptcy
Chief Executive Officer (CEO)	Kevin Wolfer
Chief Operating Officer (COO)	Gregg Wolfer
Headquarters	New Jersey, USA
Website	www.kennedyfunding.com

Why Does It Seem Skeptical?

Let’s now have a look at why the company seems rather utopian. This would help you get an idea for the Kennedy Funding Ripoff Report, which we shall talk about in detail. 

Superficial Operating Range

Their work is specialised towards funding for bridge constructions, land acquisitions, and development projects. This firm is also known for providing support against bankruptcies. It also claims to offer its services worldwide (USA, Canada, Europe, the Caribbean and Central and South America).

Unrealistic Promises

Kennedy Funding claims to offer loan amounts ranging from $1 million to a whopping $50 million. It also claims to close in as less as 5 days, which seems, to an extent, unrealistic. Such a quick sanction for loans is quite unorthodox.

Unresponsive Attitude towards Feedback

Recently, some clients have claimed that the services that Kennedy Funding offers is inclusive of a hidden charge. Some clients had also complained about a lack of transparency, but the company vaguely responded by stating these claims to be untrue. 

What The Report Says?

Let’s now shed some light on the much-awaited Kennedy Funding Ripoff Report. This term refers to the apparent discrepancies that this private financing company has indulged in. This includes testimonials from clients and other sources. Let’s have a detailed look at what the clients had to say in the report. 

Hefty Hidden Charges

Numerous clients who availed of financial services from Kennedy Funding complained of unexplained, underlying charges. Upon being questioned by the clients, the company maintained an unprofessional attitude. 

Lack Of Customer Support

The clients reported that they did not get any guidance from the support team of this company. This is highly unprofessional to an extent, as many of the clients are oblivious to the loan procedure. 

Delayed Response

Many clients have also complained about a delayed response time from this company. This contradicts the claim of the company that it strives to provide a fast and accurate service to its clients.

Acts Of Fraudulence

Some legal actions have included accusations of fraudulent practices. This includes making false or misleading statements to obtain higher fees or secure loan deals. This further raises the clients’ suspicion of this company. 

Violation Of Contract

Many clients have also reported a breach of their shared contract with Kennedy Funding. This includes disagreements about the conditions for sanctioning the loan as well as the consequences of default (collateral acquisition). 

The Impact It Had On The Company

Such regressive accusations were deemed to affect the company negatively. Let’s have a look at the impact that the Kennedy Funding Ripoff Report had on the company. 

Tarnished Reputation

Such derogatory accusations along with frequent litigations put Kennedy Funding in a rather negative light. The reputation was significantly affected, leading to a loss of existing clients. 

Scrutinised View Over Actions

Frequent litigations meant drawing the attention of the authorities. This resulted in a strict watch over the company’s actions. This often caused disruption in the flow of work, hindering the firm’s growth.

A Loss Of Potential Clients

With a damaged reputation and frequent legal banters Kennedy Funding witnessed a huge loss of potential clients for their firm. The public, some of which could be their client, would now look for other options. 

The Countermeasures By The Company

Although the response from the company was somewhat vague, let’s have a detailed look at what steps the company took to counter these allegations. 

Press Conferences

The company called upon press conferences, addressing the accusations made against them as merely superficial. This was their first move in the chain of events that was about to follow. 

Legal Lawsuits

Kennedy Funding has been an active participant in numerous lawsuits. The company has played the role of a defendant as well as sued its borrowers for slander and libel. 

Self Introspection

The company also claimed to run a thorough investigation within its departments to look for any flaws. They have also tried to improve the pre-existing customer support. 

How You Can Stay Safe From Financial Ripoffs?

The Kennedy Funding Ripoff Report was truly devastating for some. Here are some ways in which you can safeguard yourself from financial ripoffs. Let’s have a look. 

Thoroughly Go Through The Contract

The primary step would be to carefully go through the contract. This includes going through the nitty-gritty of the contract and making sure that you are aware of the firm’s terms and conditions. 

Be Vocal About Your Queries

Before you apply for a loan in any private money lending firm, make sure to clear your queries regarding the contract. This ensures transparency between the firm and you.  

Run A Background Check

Before committing, run a thorough background check of the company. This includes reviews on the web, client testimonials, and ratings. It would help you get an idea of how the company actually is. 

Alternatives To Kennedy Funding

Loan seekers who are now skeptical of Kennedy Funding might want to consider other companies in the market. Keeping this in mind, here is a list of some alternative companies that you can reach out to.

Alternative Companies	CEO	Website
BlackRock	Larry Fink	www.blackrock.com
Apollo Global Management	Marc Rowan	www.apollo.com
KKR (Kohlberg Kravis Roberts & Co.)	Joseph Y. BaeScott C. Nuttall	www.kkrfunds.com

Conclusion

Financial ripoffs are a common occurrence in the modern world. Hence, it is your responsibility to keep yourself wary of these scams. Remember, your safety is in your hands. This article held up the Kennedy Funding Ripoff Report to make you aware of threats like these. 

Be vigilant, be safe. Your awareness would be helpful for your near and dear ones as well. With that being said, this case study of the Kennedy Funding Ripoff Report comes to an end. 

Frequently Asked Questions