JZ
James Z

1 reviews | Active since Jan 2021

14 Jan 2021, 07:14

Beware Paragon Lending Loan Sharks

Gary Palmer from Paragon Lending Solutions approved a loan for my company, They quickly run the interest up to over 200% of the loan amount and then started procedures to sell the properties I allowed them to take a security bond over. After selling the initials properties way below their own market value as they where in need of money, I found out that he also registered ******* covering bonds over properties belonging to a family trust that I have no authority over. I did mention to him that in order to obtain such bonds he would need to consult the trustees and get the needed approvals and resolution, they never did and are now in court to try and satisfy their greed of charging over 200% interest, and all of this with the backing of their Partner FNB they claim. They use all the Big Law Firms in order to try and scare us the small consumer, and as I am told, they litigate you till your money run out and take what they want. There must be a way to stop these ******* financial loan operators, not registered anywhere, whom is only out there causing South Africa more job losses and business closures. And then they are also backed by FNB so they claim.

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