Misleading Advertising

I was desperate for a loan, and being under debt review i couldn't obtain one from any institution.
There i googled some sites and came across an advertisement of a Loan Institute (Pace Financial Services) that assist people who are under debt review as well.
When i contacted them, a guy named TONY MAX, i told him i am under debt review and need assistance, he said he can help & said that as part of the loan registration i would need to pay in R 1500.00. So i paid him.
He later tells me that he could not do the transfer as he found out i am under debt review and asked me to Pay a further R 2000.00 TO GET MY NAMED CLEARED. After asking me to "PAY" for the registration he still asks me to pay R2000.00 which i didn't have. Which i did not pay! Then calls me again to ask if i did a payment for him. I then asked for a refund for the R 1500.00 i paid so far, which he refused to give me. And said that he cannot do it. As it is part of the registration process and could not be returned.

Report ID: 13648
Crime Category: Fraud
Province: Western Cape
City/Town: Wellington
Suburb: Voortrekker
Address: Cape town
Crime Date/Time: 12 Apr 2016, 09:04 AM
Reported By: NelNaidoo
Reported Date: 18 Apr 2016, 09:04 AM
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  • Lola30 1 Jul 2016, 02:39 PM

    Please be advised everyone, legitimate LEGAL loan institutions will never ask you for an upfront fee to secure a loan. Any fees that are incurred will be taken from the monthly repayments. Any place or person offering loans either using a free mail service like gmail or yahoo or any place or person offering loans that asks for upfront fees are no legal lending institutions and are only in the business of scamming you. They will ask for more and more money while dangling the loan in front of you like they are dangling a carrot in front of a horse. You will pay and pay and pay but you will never receive the loan and in the end you will just be plunging yourself further into debt. Please do not allow yourselves to be the victims of these fraud scams anymore, let us all educate ourselves in order to preserve our hard earned money.

  • Lola30 29 Jun 2016, 08:00 AM

    I had the same experience with them, I was told that because my credit was so bad the transfer would not go through, because you cannot transfer into a bank account if you have bad credit. I told them there is no such thing as I just had a transfer into my account. They kept on pressing me to pay an extra R2000 via ewallet!

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