Re-liance, Inc. is a financial services company with its headquarters in Lake Worth, Florida. The company was founded in 2001 by Deidre Rodriguez, Enrique Rodriguez, and Frontier Trading Corp Inc., parent holding company. The company is included in the Inc 500 list at # 452 with a 663% 3 year revenue growth rate between 2006 and 2009.
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History
Re-liance Inc. is a financial services company that primarily focuses on residential and commercial mortgage lending and consumer debt settlement services that include foreclosure prevention, loan modification, auto loan modification, credit repair, debt negotiation, and mortgage services.
Re-liance Inc. was formed in 2001 under articles of incorporation in the State of Florida by Frontier Trading Corp Inc., which operates today as licensed mortgage brokers and bonded rights agents. The company was founded by Chief Executive Officer Richard Enrique Rodriguez in 2001 and has since grown into a multi-million dollar financial services company with 42 employees.
Companies provide negotiation services to American consumers who are close to or already in arrears of their debt, whether it is secured or unsecured, including credit card debt, mortgage loans, or car loans. By negotiating with clients' creditors, debt settlement companies can often secure lower interest rates, lower monthly payments, or pay off the entire amount of debt with less than debt, all in an attempt to avoid bankruptcy.
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Awards
On August 25, 2010, Re-liance Inc. announced that the company has been included in this year's 500 Inc, a list of the 500 fastest growing private companies in the US. The company ranked # 452 with a 3-year revenue growth rate of 663%, calculated by recording $ 375,543 in revenues from 2006 to $ 2.9 million in revenue for 2009.
Controversy
Re-liance Inc.'s main services and products are targeted to people seeking debt settlement and foreclosure prevention services, operating in small and controversial industries known for their massive advertising, costly client fees, and in many cases failing to negotiate return the debt to the client, if any, encourage the Federal Trade Commission to pass a law prohibiting the upfront fees charged by non-profit credit card issuing companies to crack down on predatory companies and in some cases reported and published high, direct fraud. In addition to operating in an industry that has become increasingly researched due to the large volume of consumer complaints, Reliance Inc. currently has a C rating, on a scale from A to F, with a Better Business Bureau Reliability Report at the time of this publication. The reasons for the rating include 26 complaints filed, of which 14 have been closed administratively and 12 complaints are now finalized.
References
External links
- https://web.archive.org/web/20101122054651/http://www.re-lianceinc.com/
Source of the article : Wikipedia
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