09dolphin
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Post by 09dolphin on Aug 28, 2019 15:04:23 GMT
I had received an email saying that a person called ****** ******* was handling my complaints about the numerous loans that were in arrears. When I contacted FS and spoke to ****** ******* at FS I was told she was not prepared to tell me who the complaint manager was!!!!!!! Obviously FS <redacted> or she did. It would be good to know who is actually responsible for managing my complaint made in April 2019.
FS aren't prepared to tell people who have invested in their oh so dodgy loans who, if anyone, is actually managing the problem as evidenced by my conversation with ****** *******.
When I asked why FS had not responded to a formal complaint made in April 2019 I was told that they are "really trying to work though them as quickly as possible!. There was no response as to well over why FS don't comply with the regulators instuctions. Obviously FS feel they can ignore the requirements of the regulatory body in terms of responding to formal complaints. Such as shame that FS have so very many complaints it takes them 5 months to respond to a complaint. I can't think why they have such problems relying to complaints and it's such a shame they are obviously overwhelmed by the number of complaints as it takes them over 5 months to respond to a complaint.
Lastly, having been told that ****** ******* was handling my complaint (albeit really badly) I was told by her that she can't respond as she is not the complaints handler. Who is handling my complaint that I made in early April? Do FS actually have people who handle complaints? Do FS actually have anyone who is capable of responding to "difficult" questions or do they assume that people are stupid enough to invest without expecting any real return. Perhaps more importantly why was I told that ****** ******* was handling my complaint when SHE says it untrue.
All I can say is that FS are <redacted> and their staff confirm this.
Please consider most carefully before lending with FS. If I knew what I know now I'd never have lent a penny through FS as they are basically dishonest.
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james21
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Post by james21 on Aug 28, 2019 15:18:30 GMT
My own experience is that you will (should have by now) have a reply signed by a director, it wont state who investigates the complaint, I would not be surprised if they are not inundated with complaints, I would think that on this board for instance there are many that post against FS but few formally complain. We have to remember they are a small company, maybe 12 or 15 split into the various functions including customer facing juniors, accounts staff, legal, unproductive bosses, property (the weak link, as I think they are the loan managers), borrower facing/sales staff. So not many in the key area we want action on
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adrian77
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Post by adrian77 on Aug 28, 2019 15:48:37 GMT
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kaya
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Post by kaya on Aug 28, 2019 16:17:37 GMT
Complaints about the complaints manager. Agh, Its too much
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 28, 2019 16:32:11 GMT
4thway's credibility just nosed dived and has entered Negative territory.
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squid
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Post by squid on Aug 28, 2019 17:21:51 GMT
I have successfully used the Financial Ombudsman Service on many occasions over the years, including for one 'landmark' case against a firm likely to be known by many on this forum... My advice is to get the complaint(s) to the FOS as soon as possible after complaining to the business. This can be immediately following a rejection of the complaint by the business, or after eight weeks (whichever comes first). The FOS is likely to take a very long time to consider complaints (sometimes years).
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registerme
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Post by registerme on Aug 28, 2019 18:27:38 GMT
I'm not trying to defend 4thway but the date on that article is April 2017.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 28, 2019 19:20:57 GMT
I'm not trying to defend 4thway but the date on that article is April 2017 article. I missed that, well spotted Sir! registerme
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adrian77
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Post by adrian77 on Aug 28, 2019 19:34:24 GMT
Well they have clearly have got better since then!
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iRobot
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Post by iRobot on Aug 28, 2019 20:37:01 GMT
Do FS actually have people who handle complaints? All I can say is that FS are liars and their staff confirm this. FCA registered firms (often) have a nominated complaints contact on their respective, publicly viewable register page; fundingsecure 's is here complete with name and email address, as well as the generic company contact details. I personally wouldn't open with the second line I've quoted, but .... Let us know how you get on, about eight weeks should do it
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Doc
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Post by Doc on Aug 29, 2019 9:54:47 GMT
Complaints about the complaints manager. Agh, Its too much Especially when you consider that 09dolphin has now less than £1.5k in late loans out of an original investment £250k.
i.e. Over 99% of their original investment has been repaid.
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adrian77
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Post by adrian77 on Aug 29, 2019 11:05:36 GMT
I would say if 09dolphin has invested that much money with FS then they should write it off as a gesture of goodwill towards a valued client!
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09dolphin
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Post by 09dolphin on Aug 30, 2019 10:46:03 GMT
Complaints about the complaints manager. Agh, Its too much Especially when you consider that 09dolphin has now less than £1.5k in late loans out of an original investment £250k.
i.e. Over 99% of their original investment has been repaid. Nice to know you are keeping track of the amount I still have "invested" in FS! I really do wish that I had 99% of my money invested returned. Alas due to the fact that when FS default loans and sell property they rarely return the full amount lent. Whitehaven springs to mind as an example of the loss making ability and potential of FS although I suspect the art loans will be 100% loss. If the management of complaints is typical of FS's level of management in all aspects of the business I am surprised FS ever achieve anything whatsoever.
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Post by robberbaron on Sept 2, 2019 12:13:20 GMT
I'm not trying to defend 4thway but the date on that article is April 2017. Not trying to attack 4thWay but that means they've had more than two years to amend/remove that article.
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Post by peer2fear on Sept 5, 2019 8:37:27 GMT
I'm not trying to defend 4thway but the date on that article is April 2017. Not trying to attack 4thWay but that means they've had more than two years to amend/remove that article. I've always found Laurence at FinancialThing a much better bet for getting an honest up-to-date view on a new P2P site (if he's reviewed it). I notice his perception of Funding Secure has fallen pretty much in line with the vast majority of people on this forum (save for the godly one who I understand is still making 30%+ XIRR on his 7 figure investments...)
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