If you are being chased by Lion Finance for an old debt, or have many debts and are being constantly hassled by them daily, here is what they do not want you to know.
Lion Finance are very effective at portraying themselves as scary, relentless and all powerful beings, with the power to call your work/neighbours, garnish your wages, take your house and make you bankrupt. However, like anything in life, when you understand how every aspect of these companies operate and the exact procedures they need to follow, it is in fact yourself who becomes all powerful dealing with them. Buried beneath the telesales pitches given to you by some muppet with a made up job title, paid commission only, is a company that is so heavily regulated, arguably more than any other industry, that when you learn what laws govern them, you can turn the tables on them and use those same laws against them.
If you are being bullied by Lion Finance right now, do this
I will gladly help you beat them too, send me an email using the ‘Contact Us‘ form on the right hand side of this page, tell me your situation and Ill help as many people as I can.
Here in Australia we have about 6 main debt collecting agencies and lots of smaller ones around different states. They work by buying in bulk debts from Banks, Telcos, Credit Card Companies etc. Now if you owed a bank $10,000 for a personal loan and did not pay them back, after a certain amount of time the bank gives up chasing you and it all goes quiet. Then out of the blue, you have a debt collecting company like Credit Corp or Baycorp contacting you by phone or letter.
Check and dispute your Credit file Today
One unfortunate factor with being in debt, is that companies will put a default on your credit file, which will stop you being able to get credit. Many people run out of money before payday and often need a little bit of credit/loan to get them to the next payday and sort themselves out. So one tactic I would suggest, is to access for free you credit file and have a look quickly to see if there are any defaults on your name and if there is, then click dispute next to all of them. I have found many times companies put defaults on your file much earlier than they should, so you can sometimes clear your file/improve your credit score straightaway. The free one I used was this one
Chased by Lion Finance
The reality, is they bought your debt for around 10%, there are no charges or interest, they just add that on for more profit and their entire business model is about paying their employees on a commission basis. A huge room with 100’s of telesales muppets using a script, using fake job titles to call and get you to pay, depending how much you pay they get commission. With weekly targets that if they fail to meet consistently result in them getting sacked. So you can imagine now in this toxic environment of debt collecting, everything is one big facade.
The problem however is that they are regulated and protected, so even with all this public information surrounding their practices, they have the power to take you to court and garnish your salary, force you into bankruptcy or seize your assets if you do not pay them back!
Over 4 years ago and being chased by 2 of the largest, I decided to research the law and entire practice of debt collecting. How can it be legal to purchase a $10,000 debt for $1,000 then add on charges making it $14,000 and bully you even at your own workplace to get paid? So after spending my evenings and weekends reading and acquiring all governance, legislation surrounding the industry in Australia, I took the largest one to court. There are several key points of failure I challenged them on and after inviting them to go public with answers, they backed out and wrote off the debt. So now I help as many as I can in similar situations to fight them, I am up to over 2000 people helped and with enough names want to bring a public review of the entire industry across our country. For the last 4 years they have been trying to take down this webiste…….they have still not succeeded.
Some key points to start though, do not ever speak to them, going through their security is an admission of debt legally. Do not email them either, it wont go to a person as those letters are automated and sent in bulk.
Delete and Dispute any Defaults on your Credit File with this Free trick!
One unfortunate factor with being in debt, is that Lion Finance will put a default on your credit file, which will stop you being able to get any credit. So one tactic I would suggest, is to access for free your credit file and have a look for any defaults (tactic can be used for any defaults you have) and if there is, then click dispute next to all of them. I have found many times, companies put defaults on your file much earlier than they legally should, so you can clear your file/improve your credit score today. The free one I used was this one