A sister company of Home Sec and part of a wider network of high-cost credit providers. Supplying your details once appears to result in ongoing circulation of that information across related entities, leading to repeated calls and emails offering effectively the same product. Advising that you are not interested does not appear to end the contact. Instead, it shifts to another participant within the network.In my experience, this contact continued even after I expressly requested that my details be removed and was informed by staff that this had been done. When concerns about these practices were later raised publicly, the response was not engagement or clarification, but continued contact and threats of legal action aimed at having the opinion removed.The lending products commonly marketed by businesses in this sector are typically associated with very high interest rates and substantial fees. For consumers experiencing financial stress, this type of credit can quickly exacerbate hardship, turning a short-term cash issue into an extended and costly debt cycle.In the current cost-of-living crisis, this approach is particularly concerning. Australians in genuine financial difficulty are more vulnerable to persistent marketing of expensive credit, despite ASIC and ACCC guidance warning that such products may be unsuitable for people already in hardship. What is framed as assistance can instead deepen financial instability at precisely the time consumers are least able to absorb it.If you are comfortable with persistent sales contact, premium-priced lending, and your personal details being shared across affiliated businesses, this may meet expectations. For anyone in financial crisis, extreme caution is strongly advised.
Claim your business profile now and gain access to all features and respond to customer reviews.
Time to grow your business? At LoansOne, you can get anything from an Unsecured Business Loan or a Secured Business Loan, Vehicle or Equipment Finance, Invoice Funding, Finance for Importers, and super Short Term Business Loans. Whatever the Need, we h...