Educational Funding Company

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Category: Business & Finances

Contact Information
4740 Chevy Chase, Chevy Chase, Maryland, United States

Phone number: 3016548677
efconline.com

Educational Funding Company Reviews

November 1, 2008

Refuse to Cancel Tuition Billing

I signed my grandson up for karate classes in September 2007. His family moved 135 miles away in May 2008. I contacted the karate school Ernie Reyes' World Martial Arts and soon thereafter Educational Funding Company. Here is where the nightmare begins. I sent EFC a letter from the principal of the school where my grandson would be attending in June 2008. EFC continued to bill my credit card for the monthly amount. In September 2008 I put this in dispute with my credit card and sent them all the documentation that I had sent EFC. They refused EFC the October monthly payment. Now EFC is sending me notices of "First Late Notice" I have suffered all kinds of undue distress and anguish over this situation. I strongly recommend that you do not sign up for "karate " lessons with Ernie Reyes' World Martial Arts and DO NOT sign a Tuition contract with Educational Funding Company. What a nightmare this has been. You cannot cancel this contract as stated in the contract. BUYER BEWARE!!!

October 9, 2008

can't cancel

I signed up my son for karate. Later, due to financial hardship, we had to cancel. I was told then that I could not cancel.
Apparently the electronic payment form I signed was actually a binding contract. This was not told to me during the singing. I thought I was singing a simple authorization to charge my credit card.
Neither the school nor the collection agency they use are willing to let me out of the contract. A binding contract, for a karate school. This is absurd. I strongly recommend not doing business with either of these institutions.