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AUSEAGLE FINANCIAL SOLUTIONS PTY LTD (PROPERTYSOLUTIONS4U PTY LTD) ABN: [protected]
PARAMOUNT FINANCE & INVESTMENT SERVICES ABN: [protected]
PARAMOUNT FINANCIAL SERVICES PTY LTD ABN: [protected]
PARAMOUNT LENDING SERVICES PTY. LTD. ABN: [protected]
Beware, if you receive a cold call from the above companies offering a free financial consultation. DON’T DO IT! They will tell you that they can reduce your mortgage in half the time and sell you a plan. They will charge you $396 for the service and present you a plan that tells you to invest in properties in Queensland.
The plan is prepared on an Excel spreadsheet and it is a generic plan. They will tell you that it is prepared for your individual situation but this is not so. On this plan they will advise you that you should refinance your mortgage into:
1. A Special Finance Facility (It’s a Line of Credit) of $30K
2. A Variable Rate Loan to the value of your current home loan and other loans
3. Another Variable Rate Loan of an amount that will finance part of the purchase on a new property in Queensland
4. Another Variable Rate Loan for the construction or purchase of a new property in Queensland
If you are one of the lucky ones that qualify for a property, they will try to sell you an investment in Queensland and it will cost you on top of the purchase price $7997 for their service. If you are only refinancing, this amount will also be charged.
Note that for every property that they sell, they get up to $50K in commission from the builder - something they do not tell you. This amount comes from the purchase so you the customers are actually paying for it. This is the main reason that the valuations of the properties they sell always comes in lower than the purchase price. If you also allow them to organize the finance for the whole thing, they also receive up front commissions from the banks of up to 1% of your total loan as well as up to 0.25% of your total loan in trail commissions.
So you see, you the customers should not be paying anything, the company make enough money on their commission not to charge you $396 and $7997.
If you are unhappy with the plan, they will NOT refund you the money. If by chance you do not want to proceed with the purchase, they will try to charge part or all of the $7997 fee. There was this time where one of their clients was diagnosed of terminal cancer and wanted not to proceed. So they charged him (a dying man) $4000.
If you do happen to proceed, please check the contracts properly. They tend to get you to sign blank contracts and application forms during the meeting. Ask to take the contracts with you after the meeting and obtain INDEPENDENT LEGAL ADVICE! before signing.
It would be prudent for you to do your research as well. Do not rely on the research paper they give you on the plan. Some of the information on it is over 3 years old - and it hasn't been updated for a while.
Here is another link of that company and in it are the experiences of the customers they have served so far.
Paramount Finance And Investments — Beware, they are shonks
These shonks are now operating under a new name:
Platinum Financial Hub Pty Ltd (Platinum)
22 Atchison St St Leonards NSW
[protected]
www.platinumfinancial.com.au
ABN: [protected]
PO Box 1353, Parramatta NSW 2124
They also have an office in Parramatta.
We got contacted from an email address with proalliance.com.au not surprised if this is also one of their shonky operation.
DO NOT DEAL WITH THESE CROOKS - STAY AWAY OR LOOSE YOUR MONEY.
Astute Financial Solutions
If you've purchased a property from Astute Financial Solutions your chances of re-financing it to another lender is going to be difficult.
The reason for this is that when Astute Financial Solutions refinances your existing home loan the investment property is usually financed at 90% of the value of the property.
The biggest issue here is that Astute Financial Solutions have more than likely hidden the true value of the property that you've purchased. The chances that the property sold to you by Astute Financial Solutions was over valued - therefore when you go to refinance you find that the value of your property is now less than the amount that you owe on the mortgage.
This is called a negativity equity situation.
Thanks so much Astute Financial Solutions for putting you in that situation.
What you can do is this - check to see who your mortgage is with. If Astute Financial Solutions have put you through a Mortgage Manager such as National Mortgage Company you will have noticed that you are paying a higher interest rate than almost any other financial institution. This is because Astute Financial Solutions have loaded the interest rate so they make more on the trailing commission.
Well done Astute Financial Solutions - give your customers a kick in the guts while they pay off the over valued property that they can't get out of.
So if Astute Financial Solutions have put you with National Mortgage Company you need to call them and demand a cut in your interest rate. It's more than likely loaded by 0.2% however NMC can discount past that - by reducing the trailing commission paid to Astute Financial Solutions.
Astute Financial Solutions - their solution is astutely financial for them - not you the consumer.
Even if you don't purchase an investment property from Astute Financial Solutions they will use high pressure sales techniques to sell you on their "Mortgage Reduction System". What is it and how does it work?
Well here it is:-
You restructure your home loans into 2 splits -
1 split contains the major part of your debt on a 30 year term and Principle & Interest repayments
1 split is a Line of Credit (or as Astute Financial Solutions call it a "Special Finance Facility")
1 Nil Interest Visa Card (NIVA) - they will tell you that you can only get this from Astute Financial Solutions - total rubbish.
The way it works is this: all your income is paid into the Line of Credit (LOC). Your daily living expenses are paid with the NIVA card. At the end of the month the repayment on the major split is made and the NIVA card is automatically paid out.
This works because interest is calculated daily. As you pay the LOC down you can make a larger repayment on the major split from the LOC.
It's a structure that's been around for years.
Guess what - most of Astute Financial Solutions Indian customers ALREADY have a similar structure except with a 100% Offset account instead of the LOC.
This is why Astute Financial Solutions do not like Indian customers. As they are called behind closed doors - "black ###".
So there you go - set up your own Mortgage Reduction System.
"Great company"?
This is the "Great company" that -
* failed to disclose commissions earned when selling investment properties to customers
* used high pressure sales techniques that broke the law
*charged a terminally ill man $4000 to withdraw from a contract, leaving his widow the credit card debt (tell me - you're supposedly about helping people in retirement - how did this help her?)
*at induction "STRONGLY" encouraged new staff to join the company superannuation fund - the fund that would never receive a single payment for the employee
* in the last week of March 2012 sacked the majority of it's employees - but didn't pay them
*took legal action against their own customers for terminating their contracts
*charged customers a fee of $7995 while reaping the $40, 000 to $50, 000 commission from the sale of the property + the upfront commission for the placing of the loan + the trailing commission for the loan. Whose retirement were you planning for - because it wasn't the customers.
*convinced customers to sign paperwork showing that the property they had purchased was valued at less than they were paying. Once their loan settled they owed more than the property was worth.
*presented "Due Diligence" documents to convince customers to buy in QLD - documents that were 2 years out of date and did not show how the values of property were falling.
*charged the customers 0.2% more on their interest rates and collected that as extra trailing commission
"Great company"? Only if you were the CEO or GM on the endless money train - the same money train that the staff worked hard at believing that they would receive super and wages. The same staff you say stole from the company - the ones who worked daily thinking they were helping people, deserving of their entitlements such as super and in the end their termination pay.
"Great company" - what a total joke. It was a money making scheme purely for the benefit of the CEO - Craig Lynch and GM Warren Bronson.
The threats are not unexpected tho - remember Joe Daher was hired by Craig at Warrens suggestion - to go break a former employees legs.
I was silly enough to sign up believing in the high pressure hype. the property that we built is at the completion stage but because Paamount has apparrently up and evaporated we dont have the insurance that they said they would organise, they dont process any forms and are not contactable. hindsight hey!
It sounds to me like your just a hater, a small minded little evil doer. I person who doesn't contribute but takes from everyone and everybody. Your a manipulator sitting back in your home happy that you worked for this company and stole from it, not only your pay for the work you never did but also the opportunities and the assistance it gave you. You could of let this great company that had helped so many people but you didn't you continued to stay there stealing the benefits and creating destruction. There is such a thing as karma and yours will come back to you in buckets. You IP address has been traced, you identity is known, try and hide in the dark like the cockraoch that you are! Live in fear of the destruction that is coming your way!
Please be advised that this business is now trading as Astute Financial Solutions - Astute Financial Solutions — Scam / High pressure sales techniques / Unlicensed to provide written financial advice
Timeline -
Jan 2011 - Paramount Finance Services
July 2011 - Paramount Finance & Investment Services
Jan 2012 - Auseagle Financial Solutions
July 2012 - Astute Financial Solutions
Why does this business change it's company name every 6 months? Because of the constant complaints from people being ripped off AND to enable the CEO - Craig Eric Lynch to avoid paying his staff superannuation and entitlements. (not to mention tax!)
Don't be surprised to see former staff members being accused of sexually assaulting children on this page. It's on the other page and it accuses two former employees who underwent regular police checks (as did all the client facing staff) to ensure they could work in the finance industry.
The one staff member who didn't undergo police checks? Warren Bronson (Wayne Joyce is his real name). Why? Charges of fraud don't go down well when working in the finance industry...
BTW - if you need a new car and happen upon Warren - run...go buy one from the drug dealer down the road. It will be a more honest transaction.
Also - be aware the Craig has hired Joe Daher to "go break (former employee's) legs". What was the former employee's crime? He supposedly posted on this site after he stopped working for Craig. Who suggested it? Warren Bronson. Is there evidence of Craig doing this? Yes...yes there is and it is in the hands of several solicitors as well as the police.
Warren happily bragged to the staff that "he even charged a dying man to get out of the contract". He spoke about it in the sales meeting - openly proud of doing it. "There are no friends in business" is a saying that both Craig and Warren use when they are determined to make their money.
Nice Warren...leave his widow with the debt. That's the kind of financial care you can expect from this company. Don't think that your welfare is their concern - it's your money they want.
Yes Craig Lynch even charges staff a fee of $7995 for your trouble to refinance. What a joke.
Beats me how this guy is given the GREEN light to operate from ASIC and it takes a long red carpet to close them down.
They certainly know how to rort the system!
How could you sleep at night when you charge a dying man that takes the good manners to go to Parramatta Office on 8th Dec 2011 to tell WB and CEL that he has terminal cancer and dies less than a month later.
For his trouble WB was bragging in the office that he took $3995 out of his credit card that was on the FIA on the 8th Dec 2011.
His wife has just found out and the credit card statement has been forwarded to ASIC for a refund from Paramount what ever the rest of the company is so called...it has too many names.
Right now the company is this:
Craig Lynch - CEO - presenting their Financial Investment Advice to sell you an investment property - in QLD. The rental market has dropped in QLD due to the amount of investment properties there available to rent. The property will be valued lower than the purchase price you will be charged - this is because of the commission they get paid for selling the house.
Warren Bronson - Executive salesman wanna-be - more brains in an eggplant unless it involves pressuring you to part with your money! In which case he is a master - he will use pressure, lies, deception and false promises to make you stay involved with them. He fancies himself as a motivational master salesman - to be more precise he is a fraud. He is a master of nothing but will happily break the law to ensure he gets his hands on YOUR money! Right now he is such a master executive salesman that he's working in a car yard selling cars during the day and for Craig in the evenings - going out to see clients to try to sell them on the buying a Financial Investment Advice (the plan). DON'T FALL FOR IT!
Helen Vincent - Corporate Associate and so-called client. She is in fact Warren Bronson's partner. Her qualifications to speak about financial matters - her personal experience. That is it. She will rubbish superannuation and investing in shares - because she has no idea how to invest with either. Invest - yes. Invest with Helen - no. Chose someone who is qualified and licensed to provide you with financial advice - that is nobody within Auseagle - none of them are qualified to provide you with financial advice.
Angelina (Jessica) Rima - She's on the phones making appointments (which Warren confirms - if he calls you, hang up. Hide your wallet as if either Helen or Warren step into your home it will be raped. Angelina is the only decent person there - she works hard but why she willingly works for these crooks is something to question.
If you sign contracts (they will probably be blank) and home loan applications (again they will probably be blank) then you have limited time to contact your solicitor and cancel everything during the cooling off period. If you keep going there is a solicitor in QLD who can get you out of the contracts - for a fee (you have been warned).
In short: You will be sold a property that is overpriced - The day you settle your loan is the day you will own a property where the loan is more than the value of the property.
You will be hounded and pressured to stay involved. If you try to leave you will be abused, made to feel useless, threatened with legal action. All of these tactics are illegal but you will face them.
Your interest rate will be higher than if you arranged finance yourself - that's because the trailing commission paid on your loan is loaded so they make more money - from you.
If you think this will help you with retirement you will be sorely disappointed. Retirement is a complex matter - information more than these fraudsters are capable or qualified to provide. Property is a good investment option - but not through these crooks. Go and get professional advice from someone who is qualified and understands what you want and need - not what will line the pockets of these crooks which is all they are concerned about!
So many complaints against these company names and a clever Craig Lynch and partner in Crime Warren Bronson!
Some one has to stop MORE people being financially ruined
They stoop sooooooooooo low they even charged a terminally ill client $3995.00 for his trouble. He went to cancel his property investment with Warren Bronson in Dec 11 and died in Jan 12.
How can these guys with all their fancy houses, cars etc sleep at night.
This is totally spot on. Warren Bronson says to his staff 'you will never be fired - you fire yourself!' Meaning they hold onto your commissions, draw out the settlement, so you are in financial dire straits and cannot go on paying your mortgage and other debts.
THEN he keeps your earned commission, which is supposed to be $200, 000.00 re either a re-finance or an investment property.
They make more on the Investment property, because they UP the cost.
I for one HAVE NEVER received my commissions owed to me. Luxford is a prime example. Re-financed and purchased an Investment Property in Queensland.
They also own morningside century 21 paramount. Bunch of shonks.
What to expect when dealing with AUSEAGLE FINANCIAL SOLUTIONS:
1. High pressure sales techniques - you will be made out to be a fool if you don't proceed with their advice. A loser, someone who doesn't care about their family or their future. Warren Bronson will talk down to you using terms such as "you're on Someday Isle" (as in some day I'll...)
2. If you sign up on the night you will also be asked to sign a purchase contract. Ask them to show you the commission or referral fees paid to Auseagle. That's why you will eventually be asked to sign a form saying you accept that the property you have just purchased is over valued! The moment you purchase the property you will owe more than it's worth!
3. When you bought your home did you negotiate a price or did you just accept the price? If you purchase an investment property you should be negotiating a price! Take the commission off the deal to get a real price then negotiate. Warren will come in and you will learn all about thunderstorms and rainbows, his A+ degree (that doesn't exist), his son's motorbike racing, how his friends are former all blacks etc - nothing that has anything to do with negotiating, investment property, your financial future or how you are currently feeling - which is pressured!
4. Once you sign you have a cooling off period. To get out of the deal go to your SOLICITOR - NOT AUSEAGLE! Instruct your solicitor you are pulling out under cool off and to terminate the contract IMMEDIATELY. If you go back to Auseagle they will insist that they come out to meet with you - and the pressure starts again.
5. When all is done, contact ASIC and lodge a complain about the high pressure sales tactics. Take your printed Financial Investment Analysis (FIA) and give it to ASIC as well. Be specific - times and dates that you met, that you felt pressured into purchasing, that you signed the contracts because you felt like you couldn't leave unless you did etc. Detail who you dealt with.
Oh by the way - the contracts you are presented with will probably be blank. The home loan application will probably be blank. Dont SIGN THEM! These people cannot be trusted - especially with YOUR MONEY.
Paramount Finance And Investments — Beware, they are shonks
The thing is that the business is operating under different companies.
PARAMOUNT LENDING SERVICES PTY. LTD. ABN: [protected] is the cash cow. This company receives all the commissions from the builders and the banks but it is not responsible for employing the people.
Companies like AUSEAGLE FINANCIAL SOLUTIONS PTY LTD ABN: [protected], PARAMOUNT FINANCE & INVESTMENT SERVICES ABN: [protected] & PARAMOUNT FINANCIAL SERVICES PTY LTD ABN: [protected] do but these companies have very little or no assets. The only income it receives are the $7995 and $396 that they charge to the customers and that supposedly goes to the staff but it doesn't because Craig Lynch blows it all away going to Thailand every three months and spend money like there's no tomorrow.
That is why Craig Lynch can liquidate any company except Paramount Lending because there are no assets there to pay the creditors and the staff.
Craig Lynch is doing a Phoenix operation and it is up to you people to report him to ATO, ASIC, FBAA and MFAA for business impropriety.
Craig Lynch is that bad that he even asked an ex-staff member named Joe Daher from www.celebritybodyguards.com.au to hire someone to harass an ex-staff member. That is how much a low life he is. For the record, the police were already notified of this and an official report has been lodged.
You guys need to target the cash cow if you want your money back. You wont get your money if you target Auseagle, PFS or PFIS. For the record, PFS and PFIS were already in liquidation and no staff entitlements are paid because guys! There are no assets to be used to pay your entitlements.
I hope some of the staff contact the ACCC or ACA or Today Tonight and expose these liars! I really feel sorry for anyone that has dealt with them and even the staff . I wonder what the next transformation of Aus Eagle, Paramoungt Finance and National Planning Services will be, perhaps they should just call themselves "Shonks are us" to save confusion.
To the employees and customers they have ripped off, unfortunately, they like to hide behind the HR Manager/Public Relations manager of the company Gill Bedford. Unfortunately this woman cannot be trusted. She is two faced and pretend to care then back stab you when you are not looking.
The Unholy Trinity I say.
Check this link out.
http://www.reviewstalk.com/complaints-reviews/auseagle-financial-solutions-amp-paramount-finance-and-investment-services-l19669.html
What a bunch of liars these people are. Helen Vincent, you should be ashamed of yourself telling people you are a customer.
For the record, Paramount Finance and Investment Services has relocated to Norwest Business Park. Last week it terminated all its telemarketers, corporate associate other staff members and the management decided they will not pay them a cent.. If a company can do this to their staff members, imagine how they treat their clients?
AUS EAGLE FINANCIAL SOLUTIONS IS JUST ANOTHER SHAM COMPANY RUN BY CRAIG LYNCH AND SHOULD BE AVOIDED AT ALL COSTS!
Heritage Financial Solutions Australia Pty Ltd ABN: [protected] is the same as this company they work the same way, call centre keeps calling me and then they send some blonde bimbo who cant even count! She want to sell me a property in cairns! I checked on line and the property the wanted me to buy was $50, 000 over valued