IS
Irfaan S
Active since Oct 2015
46
Reviews
0
Industries
Reviews
46 reviews17 months ago
**Warning: Stay Away from Freedom Finance Loans!**
I had the misfortune of applying for a Freedom Finance Loan of R160,000 on August 3, 2024. What followed was an absolute nightmare. They repeatedly demanded I pay various fees and charges, which totaled an outrageous R25,050. I paid these amounts in good faith, trusting that I would receive my loan. However, that never happened. Most recently, they demanded an additional R5,340 for a so-called FICA Clearance Fee to generate a Transfer Authorization Code (TAC). Suspicious of their tactics, I conducted my own research and discovered that FICA does not charge clearance fees, and TACs are free! Despite confronting them with this information, they refused to either proceed with the loan or refund the R25,050 I had already paid. I reached out multiple times to individuals claiming to represent Freedom Finance—Ayanda Zwane, Michelle Botha, Magdalena Owen, and Charmaine Chauke (if those are even their real names)—via WhatsApp and email. They repeatedly assured me that the fees I had already paid would be the last, only to turn around and demand more money. Their promises were nothing but lies. This is an unprofessional, deceptive operation that preys on trusting clients. I strongly urge everyone to steer clear of Freedom Finance Loans. Their practices are highly suspicious, and I am convinced this is not a legitimate business. Authorities must investigate and revoke their license immediately. I have attached their most recent ****my request and other dubious documents to back up my claims. For anyone reading this, do not fall into their trap! Here are the WhatsApp numbers they used to communicate: **063 536 4965** and **071 913 5232**. I hope this serves as a warning to others. Don’t make the mistake I did by trusting this *****ulent company.
0 replies
19 months ago
Beware of Doxology – Misleading Practices, Repeated Payment Demands, and Unwillingness to Refund
I was referred to Doxology through WhatsApp (contact number: 069 531 1178) regarding a loan application of R20,000, which I needed for investment purposes. Since July 19, 2024, I have made 29 separate payments, totaling R21,247.23, which I was told were necessary fees to process the loan. These payments, mainly described as "immediate payment fees," were made from my modest Old Mutual Pension Fund, all in the hope of securing the loan. Each time I made a payment, I was assured that the loan payout would be released immediately. However, after each payment, I was asked for further fees, with the explanation that the company’s manager required more. On September 12, after being asked for yet another R850, I decided to stop, informing the representative that I would escalate the matter by reporting it to the authorities (police, CPIC, NCR, FSP) and post a review here on Hello Peter. Recently, a trusted acquaintance mentioned that they had successfully received their loan payout, which led me to reconnect with Doxology's representative. Unfortunately, the same pattern repeated: I was asked to pay R1,500 for "immediate payment," with a promise to help cover R500 of that. After I paid R1,000, I was told I still needed to pay the remaining R500, and later R200 more for transportation costs to the bank. To make matters worse, when I contacted the manager (067 124 1099), I was told they were not prepared to refund the R21,247.23 I had already paid. Instead, when asked about applying for new loans, I was quoted the following: R20,000 loan: R3,000 application fee with a 2-month repayment plan. R25,000 loan: R3,700 application fee with a 3-month repayment plan. R30,000 loan: R5,000 application membership fee with a 5-month repayment plan. We then negotiated for a loan amount of R12,500 for a fee of R1,000. When I did an ewallet, the ICT person said that I needed to pay another R500. Given these circumstances, I strongly question the legitimacy of these practices. I feel exploited and misled by Doxology and urge others to be extremely cautious when dealing with this company.
0 replies
19 months ago
Beware of Doxology – Misleading Practices, Repeated Payment Demands, and Unwillingness to Refund
I was referred to Doxology through WhatsApp (contact number: 069 531 1178) regarding a loan application of R20,000, which I needed for investment purposes. Since July 19, 2024, I have made 29 separate payments, totaling R21,247.23, which I was told were necessary fees to process the loan. These payments, mainly described as "immediate payment fees," were made from my modest Old Mutual Pension Fund, all in the hope of securing the loan. Each time I made a payment, I was assured that the loan payout would be released immediately. However, after each payment, I was asked for further fees, with the explanation that the company’s manager required more. On September 12, after being asked for yet another R850, I decided to stop, informing the representative that I would escalate the matter by reporting it to the authorities (police, CPIC, NCR, FSP) and post a review here on Hello Peter. Recently, a trusted acquaintance mentioned that they had successfully received their loan payout, which led me to reconnect with Doxology's representative. Unfortunately, the same pattern repeated: I was asked to pay R1,500 for "immediate payment," with a promise to help cover R500 of that. After I paid R1,000, I was told I still needed to pay the remaining R500, and later R200 more for transportation costs to the bank. To make matters worse, when I contacted the manager, I was told they were not prepared to refund the R21,247.23 I had already paid. Instead, when asked about applying for new loans, I was quoted the following: R20,000 loan: R3,000 application fee with a 2-month repayment plan. R25,000 loan: R3,700 application fee with a 3-month repayment plan. R30,000 loan: R5,000 application membership fee with a 5-month repayment plan. We then negotiated for a loan amount of R12,500 for a fee of R1,000. When I did an ewallet, the ICT person said that I needed to pay another R500. Given these circumstances, I strongly question the legitimacy of these practices. I feel exploited and misled by Doxology and urge others to be extremely cautious when dealing with this company.
0 replies
19 months ago
***** Warning: My Experience with Freedom Loans
This is an important update regarding the *****ulent experience I encountered with Freedom Loans. After several attempts to resolve the situation, I successfully filed a ***** case with the police under CAS 37/9/2024. Additionally, I managed to freeze their Capitec account, hoping this would prompt a resolution. My interactions with Freedom Loans began when I app**** for a R150,000 loan. Over time, I made multiple payments totaling R13,880, believing that this was necessary to secure the loan. However, after these payments, they requested an additional R1,850. At that point, I decided not to make any further payments, as it became evident that this could be a continuous cycle of demands. To make matters worse, Freedom Loans has now refused to refund the R13,880 I already paid. Despite taking measures to address this, including freezing their account and involving the authorities, they continue to withhold my money. I want to strongly advise anyone considering engaging with Freedom Loans to be extremely cautious. Their deceptive practices and refusal to refund the money I’ve paid highlight serious concerns about their operations. This experience serves as a warning for others to thoroughly research any financial service before making any commitments. Please be vigilant and ensure you take all necessary steps to protect yourself from falling victim to similar schemes.
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19 months ago
Cautionary Update Regarding ***** at Multi Finance
This is a follow-up regarding the ongoing ***** incident I experienced with Multi Finance. After much effort, I successfully filed a formal ***** case with the authorities under CAS 136/8/2024. In addition, I managed to freeze two of their FNB accounts, hoping this action would compel them to resolve the matter by reimbursing me. Initially, believing these measures would force them to settle, I accepted their offer to pay me R149,999 on the condition that I make a payment of R2,500, which I did. Unfortunately, after this payment, they requested an additional R1,999, which I also paid, still trusting this would conclude the process. However, they came back asking for yet another R1,999, which I ultimately decided not to pay, realizing this was an ongoing demand with no clear end. To make matters worse, they have since refused to refund the R28,947 I have already paid. I strongly urge potential clients to exercise extreme caution when dealing with Multi Finance. Their practices and processes have proven to be highly questionable, and this experience serves as a serious warning for others to thoroughly investigate before engaging with them. Please be vigilant and conduct thorough research when dealing with financial entities to avoid falling victim to similar ****s. Their Manager is Mr Michael Abats
0 replies
20 months ago
Urgent Warning About Multi Finance Loans – ***** / **** Alert
Hello, I am writing to warn potential clients about a **** involving Multi Finance Loans. Details of the ****: - Individuals Involved: Mr. Michael Abbotts (073 420 9305) and Ms. Grace (078 908 5355) - Email Contact: info@multifinanceloan.co.za - NCR Registration: NCRCP10008 - Legal Registration: 2002/101003/23 I was extremely desperate for the loan for personal reasons, but they have repeatedly demanded various fees, leading to 18 transactions totaling an excessive R24,448. Despite this, they are still demanding an additional R5,000 fee. I have requested a refund of the R24,448, but they have refused. I strongly advise potential clients to avoid engaging with this company. Actions Taken: 1. I have filed a ***** and **** case with FNB *****, as both I and the company bank with FNB. 2. A ***** and **** case has also been lodged with SAPS: _"Message from SAPS: Case registered on 2024-08-30 at PINELANDS Station, ref no. CAS 136/8/2024. Contact details: 021-5062022. Do NOT reply to this SMS."_ 3. I will be filing a complaint with the NCR to have their business license revoked. 4. A complaint will also be lodged with the FSP for the same purpose. No reputable company should charge such excessive fees for a R125,000 loan. Please be cautious and avoid falling victim to this ****. Kind regards,
0 replies
20 months ago
Multi Finance Loans - *****ulent Payments
I am writing to report a serious issue involving *****ulent activity and payment disputes with the company referenced above. I have been de*****ed of R20,448 through multiple transactions. From July 22, 2023, to August 19, 2024, I made a total of 12 payments to two different accounts, detailed as follows: 1. M. Sithole: R7,448.00 2. M.ildred N. Mpiyose: R13,000.00 These payments were made under duress as the requests for payment kept arriving persistently, and I felt compelled to comply due to the desperation of the situation. For your reference: 1. NCR Registration: NCRCP10008 2. Legal Registration: 2002/101003/23 I seriously urge potential clients to stay away from this company.. https://multifinanceloan.co.za/
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21 months ago
SA Multi Finance Services ****
Hi SA Multi Finance ****med me of R8,500. They further demand a R4,999 for some IMF fee. Please do your research first before taking out a loan. Company Address 141 Voortrekker Road Bellville Cape Town Company number NCRCP 12413 Company registration 2018/641811/07
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24 months ago
Warning: Beware of Deceptive Practices by MCG Finance (PTY) LTD
It is with great dismay that I must recount my harrowing experience with MCG Finance (PTY) LTD, a company from which I sought a loan of R1,500,000. What initially seemed like a straightforward financial transaction quickly devolved into a nightmarish ordeal fraught with deception and ******ion. From the outset, I repeatedly requested MCG Finance to disclose their Financial Services Provider (FSP) Registration Number, a mandatory requirement for lending institutions. Despite my insistence, they evaded the issue, refusing to provide this vital piece of information. This blatant disregard for regulatory transparency should raise significant alarm bells for any prospective client. Moreover, MCG Finance's promise of no upfront fees was promptly shattered once I signed the agreement. Abruptly, they demanded an exorbitant sum of R5,499, citing dubious reasons for this sudden imposition. Reluctantly, I acquiesced to their demands and transferred the funds into their Capitec Account, only to be met with further demands for additional payments. The insidious demands continued unabated, with MCG Finance insisting on an additional R9,799.00 as a purported "service charge" for clearance purposes. After protracted negotiations and relentless pressure, they begrudgingly reduced the amount to R3,000, coercing me into yet another payment. Subsequently, they callously demanded an additional R1,500, further exacerbating the financial strain. Despite complying with their ever-escalating demands, MCG Finance callously reneged on their promises, withholding both the promised loan amount of R1,500,000 and the refunds owed to me. Their ********* tactics and wanton disregard for ethical conduct are nothing short of reprehensible. I implore all prospective loan applicants to exercise utmost caution when dealing with MCG Finance (PTY) LTD. Their lack of transparency, ********* practices, and apparent absence of an FSP Registration Number serve as glaring indicators of their ************ nature. Let my ordeal serve as a cautionary tale, and may others be spared the anguish and financial ruin that I have endured at the hands of these ********* ****mers.
0 replies
25 months ago
Beware: Review of Crisp Credit (PTY) LTD Loan Application Process
As an individual seeking financial assistance, I recently engaged with Crisp Credit (PTY) LTD for a loan application, hoping to secure a favorable deal. However, my experience with them has left me deeply concerned and wary of their services. Initially enticed by their offer of a loan at a seemingly attractive interest rate of 5% per annum, I proceeded with cautious optimism. However, as I delved deeper into the application process, I encountered a series of alarming red flags that compelled me to reevaluate my decision. One of the first warning signs arose when I was instructed to make an upfront payment of R18,725 for insurance costs into a Capitec Account. Upon scrutiny, I discovered that the account holder's name did not align with the information provided by Crisp Credit, casting doubt on the legitimacy of the transaction. Further investigation revealed discrepancies in Crisp Credit's registration details with regulatory bodies. Despite claiming to be registered with the National Credit Regulator (NCR) and the Financial Sector Conduct Authority (FSP), I could not verify their credentials through official channels. Their reluctance to provide essential information, such as their FSP number, only added to my skepticism. Moreover, the request to create an account with HSB private banking, coupled with the subsequent reversal of the loan transaction and cancellation of my application, raised serious concerns about Crisp Credit's credibility and transparency. In conclusion, my experience with Crisp Credit (PTY) LTD has been marred by uncer*****y, inconsistency, and a lack of transparency. I urge fellow consumers to exercise extreme caution when considering financial dealings with this company, as the risks may far outweigh the potential benefits. Overall, my interactions with Crisp Credit have left me deeply disappointed and disillusioned, and I would strongly advise others to approach their services with skepticism and vigilance.
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Review Distribution
5 Star
14 (30.434782608695652%)
4 Star
0 (0%)
3 Star
0 (0%)
2 Star
19 (41.30434782608695%)
1 Star
13 (28.26086956521739%)