WATCH THIS: https://www.youtube.com/watch?v=Wf7a53y9RRM&feature=youtu.be
The asset based finance industry thourgh ABFA has run a well oiled marketing campaign to hide the sorry truth of obscene hidden charges - As Lloyds Commercial Finance quote - these are contractual charges and we will have the money - the interest rates make Pay day Lenders look like angels.
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The only way to get justice from crooked employees at factoring companies is by prosecuting them - Why do you apply termination fees? reply from a Close Brothers employee "it is better for to get the money than HMRC" #FRAUD
When is a code of conduct not a code of conduct - Yes that is an ABFA code of conduct - it is advisory - hence cannot be covered by the Ombudsman Service pre July 13 - CRAP.
LIBOR. PPI and SWAPS the banks are being done for previous abuse - factoring companies, their filth IP's and lawyers walk away richer by committing fraud - What do you ABFA do? nothing!
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