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.
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