Consumer reviews and reports on scam companies, bad products and services
Trans Am Financial Services Trams Am Trucking Factoring, transportation, financial services, carrier, broker, Internet, Nationwide
8th of Apr, 2013 by User735860
Trans Am filed a UCC on my company without my knowledge. I did not sign a contract or in anyway sign up to work with them. I was shopping factoring companies and talking with many to find the best possible program. In order to get program information I had to fill out multiple applications, Trans am was one of them. When I finally made my decision it was with another company. That company then told me that I was locked up with Trans Am and would have to call them to get my UCC released. Not only did trans am try and sell me on there programs when I said I was going elsewhere they told me that by signing there application they had a right to file a UCC which stopped me from working with any other company. Instead of releasing it they are threatening to charge me $1000 for them to release it or I can use there company. I talked with another company who said that most companies release it for free or charge less than $100 as it is free for them to file it. This is complete BS as they have no right to do this and charge fees when I never even worked with them. Such a scam, I cannot imagine what would have happened if I actually worked with Trans Am. I am glad I found out what type of people they are before I made that mistake. Trucking companies beware. DO NOT fill out their application unless you want to pay HUGE FEES. I wish I never spoke to this company. Such a SCAM.
Comments
3741 days ago by Member06
Completely false! As an employee of TransAm, I can assure you that we do not have any sort of binding language in our application and definitely do not waste the resources to file a UCC lien off an application. The application is FREE and is absolutely, 100% non-binding. If you would like, please give us a call at 913-393-6110 and find out the TRUTH, instead of believing a anonymous poster with unfounded claims.

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