Cardiff Financial

Cardiff Financial Review

Reviews: 1

1 RATING
(1)

Total views: 4049

Published: 28 January 2019

Posted by: Anonymously

Cardiff Finance and leasing Bank of Cardiff representatives are attempting to loan money at rates that are astronomical and probably illegal. I worked with them on a loan for my company and after paying fees for them to research my background, I was provided a proposal to borrow $25,000 with a 12 month payback. I was to pay on the loan every working day of the week using 252 weekday payments (Yes, a payment every working day) That totalled a repayment of $35,249.76. That is an interest payment over the term of the loan of $10,249.76 to borrow $25,000. They were initially discussing a 7% interst rate for 3-5 years, and then explained when they made the proposal that the rate discussion was just an example of the total interst that I would be paying, but i would be paying it back in a shorter period (12 months).

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