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          Financeit has 1 locations, listed below.

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            • Financeit

              2400 - 8 Spadina Ave Toronto, ON M5V 0S8

              BBB Accredited Business

            Business ProfileforFinanceit

            Financial Services
            BBB accredited business

            At-a-glance

            Customer Reviews

            1.25/5stars

            Average of 12 Customer Reviews

            Customer Complaints

            21 complaints closed in last 3 years

            13 complaints closed in last 12 months

            BBB Rating & Accreditation

            Accredited Since: 28/3/2013

            Years in Business: 12

            Customer Reviews are not used in the calculation of BBB Rating

            Overview of BBB Rating

            Overview

            Business Details

            BBB File Opened:
            28/3/2013
            Years in Business:
            12
            Business Started:
            20/7/2011
            Business Incorporated:
            14/3/2011
            Accredited Since:
            28/3/2013
            Type of Entity:
            Corporation
            Alternate Business Name
            • FinanceIt Canada Inc
            • CommunityLend Finance Inc
            Business Management
            • Mr. Shawn Jeffrey, Operations VP
            • Mr. Michael Garrity, CEO
            Contact Information

            Principal

            • Mr. Michael Garrity, CEO

            Customer Contact

            • Mr. Shawn Jeffrey, Operations VP
            • Mr. Michael Garrity, CEO
            Additional Contact Information

            Fax Numbers

            • (888) 754-6570
              Primary Fax

            Phone Numbers

            Email Addresses

            Industry Tip

            BBB Tip: How to shop for financial services

            Customer Complaints

            21 Customer Complaints

            Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

            File a Complaint

            Most Recent Customer Complaint

            25/01/2024

            Complaint Type:
            Problems with Product/Service
            Status:
            Answered
            Due to the current cost of everything I had to voluntary surrender a camper, the company won’t give me any information on what happens next, other then saying “I don’t need to worry about it now”. I would like my statement of realization document to ensure I’m being treated fairly in regards to the sale of the camper and the Money that will be owed after. They will not respond at all. I’ve asked simple questions like so will you be reporting it to the credit bureau etc and they won’t respond.
            Read More

            Customer Reviews

            12 Customer Reviews

            What do you think? Share your review.

            How BBB Processes Complaints and Reviews

            Start a Review

            Most Recent Customer Review

            R. A.

            1 star

            08/01/2024

            I had two loans with Financeit *** *** **** *** ****** ******** **** * **** ***** - the bi-weekly interest was structured to be five times the principal. I kept on asking questions why and got no concrete answers at the start of the loan. Finally, I paid out both loans and Financeit keeps deducting payments from my bank account and my account still shows balances owing even after several calls to them. * **** ** ********* **** ** *** ******** ********** ****** ** **** ***** ** I am concerned they won't stop the deductions. I was also amazed one of the agents I spoke with suggested I kept calling them - really? I already did all the right things, how do you expect me to make out time to also ensure you do your part?? I will never be borrowing from them any more.

            Financeit Response

            22/01/2024

            Financeit charges very normal interest rates that are disclosed on all documentation and loan agreements customers are required to sign. The monthly principal and interest calculations are based on the loan term and amortization. The longer the amortization the more interest one will pay and early payments would have a higher amount of interest vs principal. 

            When borrowers make payments though banking institutions we have no indication when the payments will be received, it can take up to 3 business days depending on banking hours and holidays. 

            Financeit did not attempted to take payments after the payout was received.

            Customer Response

            28/01/2024

            Can you confirm when you received my last payment and when Financeit took the last payment from my account? I ask because I believe payments were taken after that, and would like to give you the opportunity to prove otherwise and pursue this to a logical conclusion.

            Local BBB

            BBB Serving Central Ontario

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