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Harewood associates help

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Hi all,

I am looking at investing my money i have approx £12.5k and came across this website (H=A) stating they will give me 12% interest per annum paid each month?! Which seems excellent, obv i think its to good to be true i have researched their website and spoke to a woman called Kay. She states worst case scenario we go bust you can get your capital back through the solicitors.. Does this mean its win win then? Has anyone had any dealings with HA and would be able to help me out?

Thanks guys!

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    So one of their sales team told you could get your money back in the event they went bankrupt and you just believed her?

    A fool and his money.

    Did you even google the company name?

    https://forums.moneysavingexpert.com/discussion/comment/58582029#Comment_58582029
  • dunstonh
    dunstonh Posts: 119,712 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    came across this website (H=A) stating they will give me 12% interest per annum paid each month?! Which seems excellent

    12% for the potential of losing 100% of your capital with no consumer protection doesnt seem excellent.
    She states worst case scenario we go bust you can get your capital back through the solicitors

    Thats not true though. If the liabilities exceed the assets then you get back zero.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • jimjames
    jimjames Posts: 18,681 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Any guarantee is only as good as the person providing it. If they have no assets then you have no money.

    An African prince told me they had £20million I could have if I sent them £500 fee. Should I believe them too?
    Remember the saying: if it looks too good to be true it almost certainly is.
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