“These opinions are based on what happened to me and I think I am certainly not the first, or the last, to suffer at the hands of these people. I hope this helps you.
- Why do they have such good reviews? because they pay customers £10 to write them. I received such an offer and declined. But it is amazing what some people will do for a tenner.
- At the last minute, having agreed the amount they are willing to loan to you on your car, they ask you to prepay three months re-payments out of the funds before they send them, thereby effectively reducing the loan amount. I suggest you say 'no thanks' and walk away. They will probably drop the requirement.
- When you come to settle your loan (which you need to do asap) you will realise that you have not been given any instructions as to how to do this. There is nothing, anywhere. In the paperwork, or on the website. If you email every email address you can find, including that of your 'account manager' you will probably not get a reply. It is not in their interest to settle a loan, given the extortionate level of interest that is accruing.
- When you finally do attract their attention, you will probably find that another payment date has passed and more interest has accrued. You can try arguing that you have been trying to settle this for x weeks but they won't budge. Plus all the time you are arguing, the interest is still running.
- When you finally do get a settlement figure, ask for a full statement showing how the interest is calculated. If you were foolish enough to agree to x months payments being taken in advance before they sent you the money (see my earlier point), you will find that you have still been charged interest on the full amount. Totally wrong, but they won't budge. Don't forget, while you argue this, the interest is still running.
- After all of this, you will be left totally deflated and feeling like you wished you had never ever come across Car Cash Point. But its not over. While it only took them a day to acquire your log book and register a HPI on your car, it will take them up to a week (or possibly more) to return your log book and cancel the HPI, during which time your car is unsalable.
Good Luck!”
“Wow are we talking about the same company car cash point ? These good reviews must be colleagues to the staff ...most of the staff are ok but the 1 bloke on the phones is a complete %#@“ avoid him ....so why 1 star at the start of covid 19 elena said I could take a payment holiday as I’m self employed she could see my living had stopped I only owed £700 I had a settlement figure on 27th March this year she didn’t say I would incur £440 of fees during this 2 month holiday nearly doubling my loan .....please please look else where please these are scammers I’ve paid back over £5k for an £1800 loan they won’t tell you this when you first ring”
“Wow are we talking about the same company car cash point ? These good reviews must be colleagues to the staff ...most of the staff are ok but the 1 bloke on the phones is a complete %#@“ avoid him ....so why 1 star at the start of covid 19 elena said I could take a payment holiday as I’m self employed she could see my living had stopped I only owed £700 I had a settlement figure on 27th March this year she didn’t say I would incur £440 of fees during this 2 month holiday nearly doubling my loan .....please please look else where please these are scammers I’ve paid back over £5k for an £1800 loan they won’t tell you this when you first ring
Shaun towell”
“Firstly let me tell you now that the FCA are investigating this firm for Malpractice. Do not under any circumstances use this firm to borrow any money. I shall explain. I borrowed funds prior to the Corona Virus Pandemic as I only wanted a short loan. When the Pandemic hit my business was forced to close so I had no income. By Law they had to offer 6 months of deferrals which they did but due to the new Lockdown in December I explained that my business had been forced to close and that I would make reduced payments until the lockdown ended. They said no and gave me 5 days to pay or they said they would take my car away. They said they would send people to my house and that they were ex police and that they would break my legs if I did not give them my car. I was scared and called the police. They said that they cannot threatened you with violence. My wife and I are in fear of our lives. We have a 4 year old and cannot sleep. I called the Financial ombudsman and have filed a complaint. They said that the company must respond but they have not. They just use threats of physical violence which is vile and disgusting. This is a Mafia operation.”
“Been asking for settlement figure but they still haven't provided one and been told the settlement can't be paid over the phone by card it is a bank transfer only”
“I'm advising ht legal solicitors based in Cheshire to claim every penny in over charged intrest every one needs to speak to this no win no fee solicitor they are brilliant let's bring car cash point to its knees”
“This has been passed to the financial conduct ombudsman, never use this shady company , robbing from the start . These are praying on vulnerable people , avoid at all cost”
“They really dont deserve 1 star!!! It does not matter which location I go to. The machines are always down! What the hell?!.. Get it Together people!!!!”
“Do not use these cheating robbing idiots and that’s a weak word at the end I use they need to be taken apart by trading standards and the ombudsman they are nasty market sellers and don’t give a dam about anyone else I have a feeling they will be out of business soon”
