"Payday lending is a high priority area for ASIC, and we will continue to pursue lenders who do not follow their responsible lending obligations.
" The independent expert will also review Cash Converters' business operations. Quick personal loans who had two or more small amount loans in the 90 days before tata capital personal loan foreclosure out another small amount loan through Cash Converters' website during the period 1 July 2013 to 1 June 2016 will be contacted with information about their refund.
People are advised to lodge a complaint with the Credit and Investment Ombudsman if they believe they entered a loan contract with Cash Converters either in-store on online that was unsuitable.
Refunds are 'without admission of wrongdoing' Cash Converters released a statement to the Australian Stock Exchange this morning saying it had cooperated with the ASIC investigation. "The company has offered, and ASIC has accepted, an Enforceable Undertaking (EU) in relation to the matters investigated," it said.
"In accordance with the EU, the company will remediate certain customers who applied for and were granted small amount credit contracts via the Cash Converters website in the period 1 July tata capital personal loan foreclosure to 1 June 2016.
RUN. This joke of a company (basically loan sharks) but without any guts!. Have been harassing my wife knowing she's at work. They claim to have come by our home and come up with random numbers saying they are going to take our property. Yet when I try to contact they won't say a word. It's some of the weakest cowardly forms of terrorism.
DO NOT DEAL WITH THESE LOW LIFE DIRTBAGS. FIND SOMEONE ELSE TO BORROW FROM. On April 30, 2014 I made a payment to City Loan.
They are far superior to their online counterparts. This is an expensive loan; of course, but the customer service is excellent and the reps are extremely professional, yet pleasant and personable. Review the website and you'll agree there aren't hidden fees. The reps are "very up front" and knowledgeable. Totally satisfied with my experience so far.
Just saying. One of the BEST lenders, period. I have had many tribal loans from many different tribal lenders.