Have anyone use Acumen Finance of which the Director is Nathan Daley?
I submitted an inquiry online for a commercial loan, and once I clicked the submit button they invoiced me for $1,3mil.
I refused to pay so they put a caveat on my property
There are no terms and conditions listed on their website and they claimed its a contract once I press the submit button.
Is this even legal?
I also just found out the office is registered and operated in Cairns but they got virtual offices from Servcorp and make it sounds like they are a multinational firm.
Steve McKnightKeymaster@stevemcknightJoin Date: 2001Post Count: 1,763
- This topic was modified 5 months, 2 weeks ago by Pritchard.
Oh dear. Really? How horrible.
Sounds like a trip to your lawyer asap, and possibly a complaint to your local consumer affairs department.
You are right about his ‘office’ – it seems to be a serviced office in Sydney, rather than a bona fide full business address. This would have me doubting the legitimacy of the operation, and the incongruent nature of the business address with the claims made on the website. Have you tried to call the office number? What happens?
I couldn’t see any terms/conditions on their investor enquiry page.
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
Success comes from doing things differentlyRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Which State was the property located where they piut the Caveat on ?
Yours in Finance
There are no terms and conditions displayed on the main website.
However, once you click apply now, fill in your enquiry then there will be popup terms which most people would just check the box and click continue.
If you read in details, it said 3% of the loan enquiry is the fees that they will charge regardless of the loans go through or not.
I made an enquiry for a construction loan of around 43mil for high rise development in Sydney so that’s where the 1.3 mils come from.
The company was formed in 2017, and I did call the office. Like all virtual offices, they have a professional receptionist to pick up the phone call
I tried to make complaints to AFCA but they are not licensed so the only option is ASIC.
Now they even put a Caveat on my property. I know there is a severe penalty if someone lodged a caveat with no good reasons and I’ve already engaged my solicitor and will be taking him to court. Its just time consuming and I cannot imagine a practice like this is allowed to operate in Australia
I did some search on him through ASIC and he is living very comfortably at 12 Turpentine st Relynch (Cairns) QLD
I’m very tempted to call Current Affairs to report him but borders are shut of Covid 19.
I guess I just want to people to be aware of this firm and not going anywhere near them
the property is in Sydney NSWFreedom2008Participant@freedom2008Join Date: 2007Post Count: 6
Pritchard, what a horrifying experience! Thank you for posting this info which has alerted me to be more careful. I do hope you can get this sorted out quickly. Wishing you well, SuLionheart20Participant@lionheart20Join Date: 2020Post Count: 0
Pritchard, this broker resides in Sydney and this matter should be reported to police, is an advanced fee fraud scam. This broker has been reported to ASIC numerous times, see:
Most brokers pride themselves on ethical conduct this is very unfortunate.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
You may also want to look up what other lenders operate out of the same premises as trust me the address is well known in the industry for housing Private lender that dont have any money.
We run a 350M private lending business with an AFSL and 2 x ACL. Fully audited by GT and ASIC compliant and now on 7 mortgage aggregators panels.
Trust me we see this sort of thing every day of the week.
Yours in FinanceConsionableConductParticipant@consionableconductJoin Date: 2020Post Count: 0
This guy has been been defrauding prospective clients for months now. Unfortunately, judging by the timing, you made your enquiry after they had taken down their Google Business page – the page featured multiple reviews that describe exactly as you state in your first post. (See Screen Grabs) [Dated July 2020] 3 Total
Unfathomable that a “business” like this is able to operate.polpenParticipant@polpenJoin Date: 2020Post Count: 0