BBB Reliability Report for
Richard Payne
   
Company Rating F
Our opinion of what this rating means:
We strongly question the company’s reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law’s licensing or registration requirements, their complaints contain especially serious allegations, or the company’s industry is known for its fraudulent business practices.

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Check out the Richard Payne storefront to view photos of the business, read customer reviews, and even post a review yourself!
My Experience
4 Star Rating
TrustLink Rating:
based on 4 reviews
Company Profile
Richard Payne
Address:  
5010 Cutler NE Ste D2-186
Albuquerque, NM  87110
Tel: (505) 888-1597
Fax: (866) 714-6745
Web Site:  
Contact:   Richard Payne - Owner
Business Start Date:   N/A
Company ID:   99124284
Nature of Business:

This company's business is Business Opportunity Company.

BBB Comments & Analysis

Bureau's Comments and Analysis of Company's Business:

The address for this company appears to be a mail box drop address and the BBB does not know the actual location of the company. The BBB has also attempted calling the company but the voice mailbox is full and there was no answer.

The company offer claims they are a Million Dollar Property Referral Business opportunity offering a quick start business pakage. Priced at $56.97, with a risk-free 90-day money back guarantee. Business promis...
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Licensing

Agency:
License Number:
Status:

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

»View All Licenses

Government Actions

We know of no government action taken against this company.  

Accreditation

This company is not accredited by the Better Business Bureau. This fact does not disparage the company in any way.

Other Considerations

We know of no other matter or practice relating to this company that may assist you in your consideration of this company.  

Advertising Review

On July 27, 2007, the BBB requested Richard Payne of Million Dollar Property Business Opportunity provide substantiation of the following: 1. Provide a list of names, addresses and phone numbers of 10 people who earned the stated $5000, $50,000 and $100,000 or more; 2. Provide proof of a broker's license in both New Mexico and ...  »More

Rating Reasons

Significant reasons for this rating:
Unanswered ComplaintsAdvertising Concerns

Complaint Experience

Bureau Summary and Analysis of customer complaints and company responses:

Based on BBB files, this company has an unsatisfactory record with the Bureau due to a pattern of complaints and has failed to correct the underlying reason for the complaints. We have received a significant number of complaints against this company. In at least some cases, the complaint allegatio...   »More

Complaint Closing Statistics

The following grid displays the number and responses to complaints over the last 36 months:

No. of CmplType of Response
0Making a full refund, as the consumer requested
0Making a partial refund
0Agreeing to perform according to their contract
0Refusing to make an adjustment
0Refuse to adjust, relying on terms of agreement
19Unanswered
0Unassigned
19 Total