MoneyClub1988 - anyone joined?

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

Comments

  • sarah1972
    sarah1972 Posts: 18,881 Senior Ambassador
    Homepage Hero Photogenic Name Dropper First Post
    I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • 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
    Name Dropper Photogenic First Post First Anniversary
    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
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 342.9K Banking & Borrowing
  • 250K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235K Work, Benefits & Business
  • 607.6K Mortgages, Homes & Bills
  • 172.9K Life & Family
  • 247.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards