Dakota98 wrote:
I believe the advice you've received to this point is valid. I would not under any conditions go further with Action.
Here's another web site I found. Click on "inventory" & you find NOTHING. How can that be? If they are in the business of re-selling, wouldn't they have some inventory listings ? The site is vague & reeks of "SCAM"
CLICKY
I don't see where the "credit" part of "Action Credit" is. It smells of a huge scam. They couldn't even take the time to fill in the blanks on their cheesy website template. "Accredited" with the BBB for all of 4 months.
You need to calculate your potential shortfall based on current value of the rig. Approach BoA with the situation and see what they're willing to do. Involving anyone but the lender at this point is a mistake.