Review Time
I paid out the loan and they still debited funds from my account and made my business reputation very bad as the fund in the account was meant to pay the supplier. The way they handle things are so bad and please do not approach this company as there are lots of better one on the market. Communication was bad as well as the customer services. Again please do not approach this company.
I paid out the loan and they still debited funds from my account and made my business reputation very bad as the fund in the account was meant to pay the supplier. The way they handle things are so bad and please do not approach this company as there are lots of better one on the market. Communication was bad as well as the customer services. Again please do not approach this company.
If I could give them a minus I would. A friend went through them as a small business start-up via a woman who claimed to be a broker. The broker was a man who the woman must of went through.My friend had no dealings with the broker directly. We asked them for his broker accreditation details as he was not registered via ASIC, they kept deflecting and refused to give me any information. He was charged $9k fixed interest for term of 150 days on a $20k loan plus an app fee of $1600. If you annualise the interest that’s 108%!! Repayments were $198 daily!! The poor guy didn’t understand the contract he was signing but was pressured by the “broker” to sign. The payments put him in financial difficulty. The founder of this company was charged with fraud. ASIC banned him from being allowed to lend again. Coincidentally, the board removed him as a director and board member. These are basically loan sharks and unregulated with no credit licence, not regulated under NCC or AFCA so if you try and lodge a complaint you can’t because they are not governed by any regulators. You would have to take them to court if there are any kind of disputes regarding exorbitant interest and fees. Consider this a warning if you’re thinking of using them.
STAY AWAY ! I got a 3 month $10k loan (which was only 9K I received after their fees were taken out). - I was told I could pay it out early when I enquired if that was possible. They said yes.5 weeks into the loan I tried to pay it out early and they told me I would still have to pay the full 3 months $7000 interest regardless anyway !!!!
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