KLC Financial in Minnetonka, MN

My friend went through KLC Financial to buys a Semi and I unfortunately had cosigned for him. The original loan was for 12,000 dollars.Not even a month after the truck was bought he had already paid 2500.00 on it cause they kept messing with the paperwork and he kept owing more. Within 3 months the truck went into the shop.. They came and repoe'd the truck from the shop after it was fixed. I had received paperwork as a cosigner that they were going to take it to court unless he could find financing for it He had a company that he worked for that was willing to just pay it all off in full so I assumed that it would be done and over with. Well they wouldn't let the guys buy it for what he thought he owed. They wanted almost 25000 for the truck that he had originally paid only 12000 for..I was never once contacted as a cosigner to make any payments and didn't see the truck after they repo'd it. Apparently they were able to resell the truck. well they went and took a judgment out on him and me over this truck after they already made there money back off of it. Not to mention I cosigned for a 12000 loan and now have a judgement against me for 25,453. The agents are arrogant and very unwilling to talk to you and treat you like scum. I would never recommend anyone to go through this company..THEY WILL SCREW YOU OVER!!!!

I used KLC to finance a refurbished CT scanner for my growing veterinary imaging business in 2010. They paid the vendor (then already convicted for grand fraud in the state of Wisconsin) the entire sum of purchase without requiring any proof that the equipment was available or in process of refurbishment. Unfortunately for my family and the two children I had in college at the time, the equipment was never delivered. The case went to litigation within 12 months, but KLC cowardly hid behind their contract language and took no responsibility for the problem at all. They sold the paper on the loan on the first day and forced the buyer of that paper to collect from my family. In 2014, I have still not received delivery on the purchased equipment, but I have paid for it ... to the detriment of my children's college education. This was a $45,000 purchase. Not the kind of thing that any family can absorb without some serious pain. But KLC has their money ...they had it in the first day of the contract. I believe that the folks at KLC are not reasonable and you should be particularly wary of them if you plan to sign a deal with them. I believe that they (especially Jared) must live for the "deal". They do not really give a darn about what happens after they are paid. If you do not get your $45,000 worth of equipment, it is not their problem. I would want anyone interested in this company to be very careful about negotiating a deal. They are willing to deal with vendors who are already suspect and are careful enough to keep the deal intact for them ... even if it cost someone else a great deal when it is not fulfilled. And I believe they knew all along that there was an incredible risk for me in the deal, but could not look past the potential profit for them. Dan Heder DVM

I have been working with KLC for a few years and have 5 loans with them. I have been nothing but pleased with the entire staff. Lesley has been able to fund every deal I have approached her with. Banks have become hard to work with and it is very nice to have a lender that still wants to work with it's customers! I recommend all of my friends to KLC. Josh Swedlund

Due to financial hardship, I decided to move out from the rented townhome that I had with KLC and find a cheaper place to live with my son who I am supporting. I have had an excellent history with the above entity and the owners of KLC, I was never late on payment and kept the place in an excellent condition and at times I got an outside contractors for repairs without asking the property management for help. I was up front with my decision with them and I told them that I will be finding a sub-leaser for my unit so I can get my security deposit back in full. They were very un-cooperative and they turned down the people that I brought to sublease for various reasons, some of which I could not really understand. Anyway, they finally approved one and they were very strict on the date the I am supposed to evacuate the house and imposed a $200 per day if I do not evacuate the house on time, knowing that it is in the middle of the week (sept.1, 2016) and knowing that I work at a bank and it is hard to get a couple of days off during the week even when the new renters and myself showed flexibility and willing to work it out over the weekend. I left the house spotless, shampooed the carpet and cleaning the garage. I received the security deposit check but not for the whole amount. They returned only $530.00 out of the $1350.00. The charged me 250.00 for additional half day and $220.00 for carpet cleaning, and another $350.00 for removal of screws from walls. I can't understand what type of screws that cost me $350 to take off! I never had this issue with any property I rent before, I always used to get my security deposit in full because I clean very well and leave the place spotless.This is a plain theft, and I cannot find any other words to describe it. I don't recommend those people to anyone.