I was contacted by FNAC not long after I refinance...

I was contacted by FNAC not long after I refinanced my brother's home with an offer to buy the note. Curious to see what kind of profit they'd offer me on my investment, I went to their website and filled out the forms. I was shocked and a bit insulted when their offer was not only not for a profit, it was for less than half of the original loan amount.

When I expressed my dismay (and of course refused the offer) they acted surprised and explained that was how their industry worked - buying notes at a huge discount. But who would be crazy enough to accept such a huge loss? All I can imagine is that they prey on the truly desperate, someone whose need for immediate cash is so great they have to raise the money any way they can.

And now, months after I rejected their insulting offer in no uncertain terms, they continue to contact me with the same incredibly bad terms, prompting me to write this review. I don't know where they got any positive reviews from. I really can't see someone forced by misfortune to sell on such bad terms turning around and thanking them for it. And one reviewer even said he had done business with them twice - unbelievable..