MoneyClub1988 - anyone joined?

Anyone know anything about this https://www.moneyclub1988 - just had a cold call, I didnt sign up!


  • sarah1972
    sarah1972 Posts: 18,881 Senior Ambassador
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  • I received a cold call today. Person explained lots of savings to be gained and a trial period of 4 weeks could be mine for £5. If I found not to my liking after the trial period the £5 would be refunded. However, to enable the trial period I was required to give my bank sort code and account number for a DD to be set up to collect the £5. I refused to give my account number. All sorts of assurances were given to me that no payment would be taken until after the first week of the trial period; I still refused to reveal my bank account number. The caller suggested I visit their website to satisfy myself of their standing and that she would phone back later in the week. I have looked at their website and it looks good but I noticed at the bottom of their page "part of the Mentor Investment Group plc". I checked and this company's net worth in 2010 was £361819 with Total Assets showing £1228152. In 2016 (latest financial details available) their net worth had fallen slightly but what was worrying is their Total Assets plummeted by over 60% to £484581. I'm no accountant but I'd be wary of a company purporting to secure huge discounts whilst the parent company doesn't appear to reflect their capacity to support this.
  • Browntoa
    Browntoa Posts: 49,296 Forumite
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    Is it just me or does the web site look like it was built by a 5 year old .

    Awfully cheap looking website
    Ex forum ambassador

    Long term forum member
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