Cashoomoney.co.uk Scam

JamesWMH

Hi guys,

I recently went onto cashoomoney.co.uk to get some qoutes for a 'pay day' loan.

Then a few days later I have found a payment of 67.70 taken from my bank account, this has resulted in my account going over the overdraft limit. I emailed them and got a responce within 20 minutes, say that the £67 was a signing up fee, so I emailed back after looking through all of their terms and conditions requesting to cancel my membership (as I'm still within 14 days) and get a full refund. However, now they seem to be ignoring all of my emails! and there is no phone number what so ever on there website or terms and conditions page.:mad:

Can anyone help/advise?

If i don't get a refund soon I'll run out of food!

Thanks guys.

Nathanck

Hi,

I am having the same problem my bank said they can't do anything.

1st Phone this number and report what happened.
ISLE OF MAN FAIR TRADING 01624 6865200

They will advise you what to do and record it on file.

2nd contact WALPAY LTD they are the company who run CASHOO
They wont be help at all but they will record details and ask for customer service number.

if they don't give you it ring 0027 214272500 its there Customer Services but theyre in South Africa and speak with Alvin and thats as far as i got!

Apples2

Cashoomoney :laugh::laugh: you must be nuts. :rotfl:

these people are completely taking the preverbial with these silly names.

Anyhoo

5. Membership Fees

5.1 A one off Joining fee of currently no more than £74.95 (inc VAT), is payable in all cases. On submission of your membership application you will be automatically charged by a direct charge to the debit/credit card you provided and authorised on application.
5.2 An ongoing membership fee of £8.95 is payable monthly until such time as you decide to cancel your membership.

6. Termination or Cancellation of Membership

6.1 Under the financial services (distance marketing) regulations 2004 a Member may terminate or cancel their membership within 14 days of inception by:
6.1.1 Requesting cancellation in writing to the following address: CashooMoney.co.uk, 1 Liverpool Street, London, EC2M 7QD
6.2 We reserve the right to terminate or cancel this Agreement at any time.
6.3 Entitlement to access, make use of or benefit from, the Membership including the Credit Reporting Service shall cease.
6.4 With regard to payments set up by Credit or Debit Card, if Your payment declines we will attempt to take the payment from the card until we are notified that You wish us to cancel such attempts. Written confirmation may be required.

JamesWMH

Hi guys,

I've sent two letters in writing to there address, but my worry is they'll simply say they didn't receive it. I've emailed them to let them know I've sent a letter, but again no response?

Anyone know what I can expect?

Also I thought that their parent company was moneywise ltd?

Thanks

Apples2

Make sure you send the letters by recorded delivery and keep hold of the tracking slip.

MortgageChallenge2011

Why, why, why do people pay money to borrow money!!

I've had a look on this site and basically for the money you have to commit to be a member they will simply place you with a firm - ok, yes its guaranteed they will find you a loan. Thats their get out clause - one firm might charge 2000% apr, but because they are offering the loan they have found you one.

To the OP, if you are struggling to find food money then a payday loan will get you into a vicious cycle of debt - avoid.

If I opened up a firm called kissyourmoneygoodbye I am sure there would be a couple of people sign up :rotfl:

Nathanck

moneywise ltd thats the first ive heard of it!

i was told there parent company was WalPay LTD

JamesWMH

MortgageChallenge2011 wrote: »

Why, why, why do people pay money to borrow money!!

I didn't realise I would be charged any money, I simply went on their website to get a quote for a loan.

Apples2

JamesWMH wrote: »

I didn't realise I would be charged any money, I simply went on their website to get a quote for a loan.

My signature explains how this type of comapny works.

From the cashooooo website

By clicking proceed I agree to CashooMoney.co.uk
terms and conditions

As soon as you clicked the big green PROCEED button, you gave them permission to take the money.

Nathanck

This is a real nightmare i think we're on to a big fraud claim

Nathanck

I have contacted The Police!