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The Money Club????
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# 1
su3
Old 03-11-2006, 8:23 AM
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Join Date: Aug 2006
Location: Bristol
Posts: 67
Question The Money Club????

Has any one heard of The Money Club? I have had an invitation to join "The UK's Premier "Wholesale" Club" They say that for a first years subscription of 9 (subsequently 89) you get trade prices on nearly everything and are guaranteed to save in the first year. Is this too good to be true or is it too good to miss?

If anyone has had experience please let me know before I risk wasting my money or getting tied in to something I can't get out of. Thank you Sue

:confused: :confused: :confused:
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# 2
grumbler
Old 03-11-2006, 11:22 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Feb 2005
Posts: 39,006
Default

Anyone know about the Money Club?

Search (guide)
We are born naked, wet and hungry...Then things get worse.

.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of
.....guaranteed, NOT guarenteed
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# 3
nomoneytoday
Old 03-11-2006, 12:36 PM
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Default

pricerunner and kelkoo do a similar role and are free
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# 4
crackersannie
Old 14-11-2006, 10:26 PM
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Join Date: Nov 2006
Posts: 6
Default

Hi Sue, i had a call from them ,today, offering me 8weeks 'free' moneysaving. All i have to do is pay the 79 one off registration fee, if, at the end of 8 weeks, i don't want to continue, they'll refund it. If i do want to go on, they'll then take the 99 annual fee. Would give the 8weeks ago, but am a bit worried that if i cancel, which i would almost certainly do, that i wouldn't get the money back. Did get a free membership to one of these clubs before, but there was nothing that i wanted to buy, so didn't save a penny! Was hoping that Martin might have words of advice about these people, but found no mention of them, when doing a search.
This is my first post, but have often looked on the forum, and enjoyed the threads, so thought i'd give it a go!

Ann (forever trying to save money, not too successfully )
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# 5
ManAtHome
Old 15-11-2006, 12:33 AM
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Another old thread - check out the post counts of the "defenders"... http://forums.moneysavingexpert.com/...ght=Money+club
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# 6
Basacag
Old 21-11-2006, 10:55 AM
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Join Date: Nov 2006
Posts: 2
Default I got burned

Hi

I joined, failed to get my membership cancelled within 8weeks (I am sure I was told 90 days on the phone) and now find myself about 180 down and considering legal action. Don't touch them with someone elses barge pole...

They claim to be able to save money but this site if for people too lazy to do a search for themselves. I cant even find the sections for stuff I want.

I am totally disgruntled and if there are any legal eagles willing to give me some advice on how to proceed on the grounds they are not providing the services they advertise I would appreciate it.

cheers

Ian
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# 7
Zebedee69
Old 21-11-2006, 12:43 PM
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Sounds completely rubbish!!! I wont touch it with a bardgepole!
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# 8
konky
Old 24-04-2008, 10:03 AM
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Join Date: Apr 2008
Location: Manchester
Posts: 1
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Thanks, but I signed up before looking in this space. I will try to keep people posted about how I get out of it.
Phoned bank who will cancel DD when it arrives.
Note that the money club has no e-mail address of telephone no until signed up?
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# 9
moneypooh
Old 24-04-2008, 10:21 AM
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I was called the other day after they sent info through. I did think the costs involved were way too high and I couldn't see any benefit with the other resources available online.
I know most cashback sites have an annual fee of about 5 but that's easily reached (sometimes in one transaction).
I'd be very wary of glossy magazines and wonderful promises.
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# 10
Alby80
Old 03-09-2008, 4:31 PM
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Join Date: Sep 2008
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Default money club

Has anyone had any recent experience of this? Just had a call from them and said I want to check out a few forums first. My guess is it's a load of garbage...thanks
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# 11
turtlemoose
Old 04-09-2008, 10:36 AM
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Join Date: Dec 2007
Location: Wolverhampton
Posts: 1,037
Default

My advice would be don't do it!!!

About 4 years ago I had a friend who worked in the call centre for the Money Club, based in Birmingham.

It was basically a scam - they take your fee off you and charge you X amount a month for "special offers" etc and deals with their suppliers for cheaper products.......all of which could be found and/or beaten with 5 minutes on google/pricerunner/kelkoo etc etc etc
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# 12
ICS
Old 25-09-2008, 6:38 PM
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Join Date: Mar 2004
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I signed up a year ago never used it and never cancelled within the 8 week period, this month they have taken 120 on DD (less than 1 year from when I joined)

Rang the theiving bar stewards and they say you must confirm in writing if you do not want your membership renewed and payment taken, it is mentined in your Membership pack - Not in mine read it cover to cover -

Off to the bank to demand a refund of the DD which I beleive they are obliged to do under the DD scheme
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# 13
charlie555
Old 25-09-2008, 7:19 PM
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Join Date: Jan 2008
Posts: 51
Default

Oh dear. Paying money to save money? No no no. Don't do it.
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# 14
Orrie
Old 12-12-2008, 11:09 AM
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Join Date: Dec 2008
Posts: 2
Thumbs down

I was approched in the street by two reps of the Money Club just over 2 months ago. I was on my way to an interview and really had no idea what I was doing. I naively signed on the spot (lesson learned) and a few days ago almost 100 was taken from my account. I today cancelled the DD on my banks website so they at least cannot take any more (correct??).
I really don't have the money to waste and I doubt I can get it back. I have phoned them to explain and was told they would get back to me. Yeah, ofcourse they will.
I'll update if anything comes of it.

Anyone got any advice?
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# 15
kerryhillier
Old 13-01-2009, 10:29 AM
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Join Date: Jan 2009
Posts: 4
Default The Money Club

I've been a member of The Money Club for a few years now and I have only had a good experience of them. I've easily made back the initial fee with discounts and cash back and it's much less of a headache than having to search myself. I did think a while back that I needed to test the service rather than be complacent so I always cross check with special promotions and offers - my husband gets special insurance rates through his job which I checked and The Money Club rates beat them hands down.

I'm sticking with the service as it works for me!
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# 16
Ardeel
Old 13-01-2009, 6:48 PM
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Join Date: Jan 2009
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Default

Every one of the positive posts looks increasingly suspicious.

Again another low post count and then, (it maybe a coincidence but),

Last positive Money Club post by Kerry Hillier, a quick google for that name, (yes money club it is that easy to do ourselves).

And I get this: http://www.linkedin.com/pub/0/a05/aa9

Kerry Hillier a communications manager, working in consumer goods, based in Birmingham

.......hmmmmmmmmmmm........

Isn't Money club based in Birmingham using telesales to sell us consumer goods? Ticks all the boxes doesn't it.

Kerry, for me your post was the final nail in this pointless company's coffin!



NB. Regarding MY low post count, I've re-registered on the forum as my last username gave details of my business name which I don't want associated with my posts if we have piranhas such as money club swimming around this forum.
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# 17
Orrie
Old 15-01-2009, 6:26 PM
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Join Date: Dec 2008
Posts: 2
Default

Quote:
Originally Posted by Orrie View Post
I was approached in the street by two reps of the Money Club just over 2 months ago. I was on my way to an interview and really had no idea what I was doing. I naively signed on the spot (lesson learned) and a few days ago almost 100 was taken from my account. I today cancelled the DD on my banks website so they at least cannot take any more (correct??).
I really don't have the money to waste and I doubt I can get it back. I have phoned them to explain and was told they would get back to me. Yeah, ofcourse they will.
I'll update if anything comes of it.

Anyone got any advice?
-------------------------------------------------------
UPDATE: Sent loads of emails and when I got no reply, phoned to see what was happening. Naturally they said they hadn't got any emails . So I sent a Recorded Delivery letter so there was no way they could deny they got it, and eventually got a reply which said they cannont refund my money because it was used to set up my account. Correct me if Im wrong, but it doesn't cost 100 to enter a name into a document and send out some paperwork. Sent another letter and got no reply, so have no choice but to take it further. They're useless, stealing good-for-nothings, so my advice is stay far away.
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# 18
kerryhillier
Old 17-01-2009, 9:48 AM
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Join Date: Jan 2009
Posts: 4
Default Update

I don't have anything to with financial services I was just trying to be helpful! Think I'll steer clear of this section now!
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# 19
lucasoid
Old 11-02-2009, 10:16 AM
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Join Date: Feb 2008
Posts: 24
Default more money club stuff

HI Guys,

These lot are still at it.

The advertise through my offers I think. I contacted my offers to see if they still want to be associated with such a company.
I was also offered the free trial for 8 weeks and told it would be 1 - but they took 98 just before 4 weeks - adn refused a refund.

I was dealing with Kimberley Weinel and am still awaiting a reply for a refund. kweinel@themoneyclub.co.uk

I should also point out that on their website they maek reference to financial services for mortgages etc This means that some of what they are doing falls under the strict remit of the FSA.
IE their website is not compliant with FSA regulations, nor is the literature they send out in their 'welcome pack'

I was kind of thinking does anyone want to contact the FSA directly about this company? This one is for financial promotions (ie website and literature)
http://www.fsa.gov.uk/pages/Doing/Re...ort/form.shtml

The other one is I don't know if they are regulated for advise on finances and mortgages - the reference I have in the welcome pack is an FSA number that refers only being authorised for insurance. ie Mentor Finance Ltd but these are only insurnace brokers. There are enough references to financial reviews and mortgages on their website that I am sure contravenes FSA regulations.

So the next step is the direct debit indemnity form then start a small claim online.

Unless they refund!




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# 20
Kaz2904
Old 11-02-2009, 12:52 PM
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Location: South West
Posts: 5,516
Default

I got collared by these jokers in 2005.
I managed to get my money back but I don't remeber how- I think I went into my bank and made them invoke the Direct Debit guarantee as I had not agreed to pay the money so got it back within 5 days (I know the guarantee should be 24 hrs!).
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