City Financial Loan Brokers....SCAM or NOT ?

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  • in reply to John Adams suggestion of baseball bats....

    I dont know if you caught this on the news a few months ago but a residential homeowner was growing increasingly frustrated with unsolicited phone calls requesting pricy call backs and the increased charges for calls levied by customer services departments of large businesses.....so in a stroke of genius he applied and was successful in obtaining right to install a similiar phone with an exceptionally high call rate normally reserved for 'premium' businessess and registered commercial businesses. now every time the phone rings at home (which he is happy to now leave on a high setting)....all he can hear are the pound coins trickling into his account!! .....pure genius

  • Apples2
    Apples2 Posts: 6,442 Forumite
    at this point i was so curious and invested i was happy to provide card details/info for an account which i promptly closed...
    You gave them genuine account details and then closed the account??

    That's simply madness, they would have requested that money about a nano second after hearing the final digit. Have you checked that account to see if it is definitely closed (and doesn't have an overdrawn amount)?
  • This is a BIG scam I was told before Christmas if I paid the £65 one of payment then I was told I had been approved a loan and gaurenteed that the loan would be in my bank within 3 working days to now nothing and since been told they don't gaurenteed loans. Would not of paid the money if it was gaurenteed and I was desperate for christmas
  • Never use these people.... my partner was looking for a loan and came across this company seemed ok on the phone accepted we had bad credit and said we had a loan . My partner said is the loan definitely with your company not a second party they replied loan is with city financial. My partnet paid the 80.00 but the money was not to be taken out off our account till paper work was emailed and signed. I had a bad feeling so checked feed back on line and it was a scam so we didn't sign paer work but realisrd they had already took 80.00 out our account so my partner called them said we had the right to our money back as we not yet signed anything and they said nothing just put phone down and my partner he called them back and a lady !! Answered my partner explained again that he wanted his money back and he was going to involve our solicitor and she told him "TO GO AHEAD AND THEN F*** OFF" !! .
  • gb12345
    gb12345 Posts: 3,055 Forumite
    So, Iceshoot and carol t - I assume that as you've now found this thread and read all 11 pages of it you'll know what to do to get your money back.

    Don't forget to come back and tell us how it works out for you as it might give other "victims" some hope.
  • carole_t wrote: »
    Never use these people.... my partner was looking for a loan and came across this company seemed ok on the phone accepted we had bad credit and said we had a loan . My partner said is the loan definitely with your company not a second party they replied loan is with city financial. My partnet paid the 80.00 but the money was not to be taken out off our account till paper work was emailed and signed. I had a bad feeling so checked feed back on line and it was a scam so we didn't sign paer work but realisrd they had already took 80.00 out our account so my partner called them said we had the right to our money back as we not yet signed anything and they said nothing just put phone down and my partner he called them back and a lady !! Answered my partner explained again that he wanted his money back and he was going to involve our solicitor and she told him "TO GO AHEAD AND THEN F*** OFF" !! .

    Why didn't you consult your solicitor before paying this company money?
    My username refers to my enthusiasm for 'asking the stupid question' I don't think you're stupid!
  • Ste42
    Ste42 Posts: 1 Newbie
    seaeaacr wrote: »
    I agree but how does anyone find a lender when you are desperate?
    I have read all these quotes and I agree it's been nearly 3 months since applying for. A loan after taking my money they said you been approved money in bank by end of the week I even took shorter terms to pay it over I received no phone call no money transfer of £2500, I rang and rang answer machine all the time when they do answer they are rude and read from a script you can speak to a manager they just say all we are is customer services, then I got answer the lender has changed their mind well ok can I have my money back no read terms and conditions you get your money back if we can't help you now we require your credit report for our credit repair team to look at it then try find another lender another two week for exofax send it to me then I sent it on it's been another 3 weeks still waiting a phone call I rang them all they say is I'll pass a message onto the credit repair team wait for a phone call I could have walked to Stockport and got my money back I told them I'm going report them for fraud they basically said do what you want it's caused me as a disabled person so much stress the money I was going to borrow was to de stress and pay some bills off if these are defo cons then we all need to stand and get our money back because I'm not letting them get away with it
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Ste42 wrote: »
    I have read all these quotes and I agree it's been nearly 3 months since applying for. A loan after taking my money they said you been approved money in bank by end of the week I even took shorter terms to pay it over I received no phone call no money transfer of £2500, I rang and rang answer machine all the time when they do answer they are rude and read from a script you can speak to a manager they just say all we are is customer services, then I got answer the lender has changed their mind well ok can I have my money back no read terms and conditions you get your money back if we can't help you now we require your credit report for our credit repair team to look at it then try find another lender another two week for exofax send it to me then I sent it on it's been another 3 weeks still waiting a phone call I rang them all they say is I'll pass a message onto the credit repair team wait for a phone call I could have walked to Stockport and got my money back I told them I'm going report them for fraud they basically said do what you want it's caused me as a disabled person so much stress the money I was going to borrow was to de stress and pay some bills off if these are defo cons then we all need to stand and get our money back because I'm not letting them get away with it
    Aaaaand breathe.....

    Has it really taken you three months but you still haven't realised there is no loan for you, nor will there ever be?

    read the thread and request your refund in accordance with the terms, which does not involve a phonecall or an email
  • Hello
    I registered with City Financial UK and paid £79 cost for them to arrange a loan company ( this was actually taken from my account before I signed the agreement). When I did not hear from them, I contacted them and was told I was now at the top of the queue.
    I was then either put straight through to or contacted back from a company calling themselves GEO Finance (sorry can't remember how I was contacted). They knew my details & the amount I wanted to borrow.
    I spoke to a few different people who all gave themselves a Western name, although they sounded Indian. I very unwisely confirmed my personal details including bank details.

    My initial loan application was for £15,000. I was then told that the amount would have to increase to £18,000 & then £20,000 and the difference in money between the £15,000 loan would be reimbursed into my account after the loan went into my account.
    I very unwisely made a number of dubious methods of payments via UKASH, into bank accounts & from my own bank account & via money transfer facility at the post office to somebody in India. I was even contacted by somebody claiming to be from HMRC tax department to pay tax on the amounts, when I queried the number, they then re phoned me & the number which came up was for HMRC charity Assets & Residents helpline. I called this number back and was answered with an automated message from HMRC.

    I neither received the loan or was reimbursed with the money I had paid out to firstly City Financial UK & GEO Finance.

    I wish I had read the posts regarding City Financial UK and particularly one from a lady who also had registered with them and was then contacted by an Indian Company. When the lady then contacted City Financial UK, they said their company had been scammed by Indian companies and all companies they deal with are English.
    Not sure if this is true or not or if they are working along with City Financial UK to make them appear to be a more reputable company.
    Reading other people's posts though, they had not been contacted by a loan company at all after registering with City Financial UK.

    I most certainly would never get involved with City Financial UK again and particularly any body claiming to be from a company called GEO Finance (appear to be falsely using another company name).

    Please, please be very wary of any company which is offering loans with no problems/credit checks/instant cash etc as it probably is too good to be true, particularly if they have contacted you without you applying.

    Please never get involved with a company which demands money upfront or either already knows your personal details or asks you to confirm them over the phone i.e. name, bank details, address etc.

    Always research any company and only deal with reputable ones.

    Thanks.
  • The aggressive responses to peoples "stupidity" on here astounds me.
    1) NOT all people saying scam have no intention of paying money back
    2) Rolling out the same "You know what to do" doesn't help because it clearly isnt working or people who got their money back would likely be flooding the thread with comments about how successfull it was.

    All I will add is that at least everyone on here seems to have been told in advance they will pay a fee. Im reading this after just being a "victim" of the Finance Facility who dont actually tell you they are going to charge you a fee, other than a 50p charge to validate your debit card but thats another story....
    When you know you have a bad credit rating:
    1) When your bank wont even let you go £10 o/d
    2) When you cant even get a payday loan
    3) Your local restaurant asks for payment up-front before serving you lunch:)
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