Dan Heder

Review of KLC Financial, Inc.

I used KLC to finance a refurbished CT scanner for...

I used KLC to finance a refurbished CT scanner for my growing veterinary imaging business in 2010. They paid the vendor (then already convicted for grand fraud in the state of Wisconsin) the entire sum of purchase without requiring any proof that the equipment was available or in process of refurbishment. Unfortunately for my family and the two children I had in college at the time, the equipment was never delivered.

The case went to litigation within 12 months, but KLC cowardly hid behind their contract language and took no responsibility for the problem at all. They sold the paper on the loan on the first day and forced the buyer of that paper to collect from my family.

In 2014, I have still not received delivery on the purchased equipment, but I have paid for it ... to the detriment of my children's college education. This was a $45,000 purchase. Not the kind of thing that any family can absorb without some serious pain. But KLC has their money ...they had it in the first day of the contract.

I believe that the folks at KLC are not reasonable and you should be particularly wary of them if you plan to sign a deal with them. I believe that they (especially Jared) must live for the "deal". They do not really give a darn about what happens after they are paid. If you do not get your $45,000 worth of equipment, it is not their problem.

I would want anyone interested in this company to be very careful about negotiating a deal. They are willing to deal with vendors who are already suspect and are careful enough to keep the deal intact for them ... even if it cost someone else a great deal when it is not fulfilled. And I believe they knew all along that there was an incredible risk for me in the deal, but could not look past the potential profit for them.

Dan Heder DVM