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Educational Funding Company [EFC]
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Educational Funding Company [EFC] company logo

Educational Funding Company [EFC]

142 Lowell Road, Hudson, NH, 03051, US
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1:16 pm EDT

Educational Funding Company [EFC] - 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.

Read full review of Educational Funding Company [EFC] and 89 comments
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Syed Sikander
US
Dec 26, 2015 11:57 pm EST

REQUEST I AM FUND RISING FOR OPEN SCHOOL & HEALTH CENTER IN PAKISTAN POOR AND NEED PERSON PLEASE HELP ME I AM VERY THANKFULL TO YOU.? Syed Sikander Ali Shah S/O Syed Ahmed Ali Shah CELL NO (+92) [protected]. MY ACCT:NO.[protected].B/CODE.0233. ABL BANDAR ROADLARKANA. PostalAddress..ShaikhZaidCol)Larkana(SindhPakistan)MyEMail.syedsikander27@yahoo.com.Orsyedsikander255@gmail.com

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booth.harvey
Chevey chase, US
Jul 29, 2013 12:47 am EDT

Just keep in touch with them and you will surely make the most out of their topnotch billing services!

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Garland R. Johnson
Colorado Springs, US
Mar 08, 2012 6:56 pm EST

I have been a client of Eductational Funding Company for over 20 years. They are by far the best in the world at providing outstanding customer service with a rock solid repretation. I would recommend them to anyone. Kind regards, Garland Johnson

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Sam IAm
towawa, CA
Apr 09, 2014 3:44 pm EDT
Verified customer This complaint was posted by a verified customer. Learn more

You need discipline and so do your children. Are you the parent? or is your child the parent? Let your child start and stop everything they want, when they want and see what happens when they grow up... DISCIPLINE!

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trianglechoke
US
Mar 25, 2014 12:18 am EDT

I'm going through the same thing with my partner. EFC is a ripoff and they find ways to bind you without mentioning anywhere on the contract that you can't cancel. Yes, you commenters who obviously all work for EFC, I READ THE CONTRACT! I'm not an idiot nor is anyone saying the same thing. How dare you accuse us, hiding behind different names but using the same lame rhetoric. If we signed a contract claiming to pay over a hundred dollars a month for a year, it's not ANYWHERE on our contract. The burden of proof is on you, yet you fail to provide it. If our instructor is to blame, you need to fix that, not us. You get your lazy instructors to inform us what kind of secret pact we are actually signing; don't tell us spotting your unseen handcuffs is our job. Be upfront to begin with. Talking to you EFC con artists is like banging your head into a brick wall so don't give me that phone number and tell me we can fix it. Contrary to what you may believe about we who dare to tell the truth and expose you, we're not actually falling for your lies. The past few pages should let you know we're not falling for it. Your frantic comments with different names mean you know you can't keep running this sham of a business forever. We're on to you, EFC.
By the way, insinuating that the parents of children who have decided not to force their children to do something they don't want to do for a Year are just lazy is pathetic on your part. Don't you remember how precious youth is? Why waste a second of that? Kids don't need to learn about contracts and adults don't need to force a hobby on their children. These parents aren't lazy, they want to give their kids a choice.
I don't care what you claim, EFC, you're bad people willing to make bad people out of mathematically incompetent martial arts instructors. There is no number of excuses or insults or promises that will change the fact that you're ruthless charlatans and more people know about it every passing day. I hope you get what you deserve because my honest, loving, wonderful partner sure isn't.

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Geovanna
Elizabeth, US
Feb 11, 2009 2:38 pm EST

I am currenlty in the battle with EFC. Not only with them, but with the Karate School (USA Karate and Fitness in New Jersey) which never said anything about a contract, and has actually refused my certified letters to cancel this membership. I signed up my brother and myself. My brother is autistic, and his doctor said he could not have this type of activity, and I went to 2 classes before tsarting to work in NYC. Since September of 2007 i have been paying $200.00 A MONTH! and they refused to cancel these memberships, and now a year later they say "it is auto-renewed with increase of 5%"! Are you kidding me? I've been there 3 times in the past 14 months. I am going to the BBB, but does anyone know if we could all together as a class action stop this ripoff to keep happening? I've seen so many complains about this, that i am sure if we all get together we could stop this abuse.

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aasdno1
North Haven, US
Dec 18, 2009 8:43 am EST

Many people have slammed Educational Funding Company on this website. We own a martial art school and use this company. I have NEVER had a problem reaching an operator when I dial their main number. In addition, if you look on their website, you can see everyone's extensions. We have intervened in many of our member's cases and WE (the martial art school) have the final say over how a case is handled; not EFC. So if you want to slam someone, it should be the martial art school you signed up with.

Martial art schools are not the only ones to use agreements for tuition billing. In addition, by law according to your particular state, there are buyers rights to cancel clearly stated on the agreements. In several areas it clearly is written that the member's failure to complete training or change in their schedule does not relieve them of their duty to pay the tuition. The tuition is a lump sum that we allow members to pay over the course of 6 to 12 months in small payments. If a member moves more than 25 miles from the school (at least in CT) they are allowed to cancel the agreement. Members need to clearly read what they are signing before they sign.

Most good martial art schools will want to protect their repuation and will work something out that is mutually agreeable between them and the member in the event that someone wants to terminate an agreement. From a business perspective, we hold people to these contracts because it also teaches our young students that you finish what you start. You don't quit. You don't let a busy schedule push out healthy activity and you work on committment to yourself and your martial art instructor. You don't sign up for baseball, fully knowing you have already made a commitment to martial arts. You finish one obligation before you start another. These are important life skills. In addition, a martial art school will have only so much room in each class. We have to know who will be there and plan accordingly for staff coverage. Can you imagine a public school never knowing who may or may not be there for the month and trying to provide adequate coverage, materials and education?

The bottom line is before you enroll in a martial art school, regardless of who they use for a billing company, ask around and find out their reputation. If they have a good reputation in the community, you should not have any problems.

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Michael Levine
US
Jul 18, 2011 8:19 pm EDT

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.

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ninasotelo771
US
Aug 05, 2013 3:59 am EDT

Educational Funding Company does not recommend “get rich fast” strategies. Instead, the company inspires martial arts schools to improve their classes as doing so will surely make more students want to learn.

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taraflood748
US
Aug 02, 2013 5:23 am EDT
Verified customer This complaint was posted by a verified customer. Learn more

Educational Funding Company provides topnotch service to professional school owners who want to grow their business. I would highly recommend EFC because of its great customer service matched with expert management of accounts.

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