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Classic Funding Group

Classic Funding Group

1.2 from 13 reviews · View Statistics
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Reviews

1.2
13 reviews
5
(0)
4
(1)
3
(0)
2
(0)
1
(12)
  • Transparency
    1.0 (6)
  • Customer Service
    1.3 (6)
  • Loan TypeFixed Rate (4) and Line of Credit (1)
  • Application Process
    1.8 (4)
  • Timeliness
    1.8 (4)
Previous
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Peteski
PeteskiGreater Melbourne (Outer), VIC
  • 2 reviews
  • 1 like

Rip Off after end of contract

published

I arranged finance on a photocopier for my business. It was a 4 year term, at the end of the term they continued to take payments for a further 13 months. They stated that I had to contact them 3 months before the end of the contract to end the contract. I have never heard of this in the past. The supplier of the item I financed could give me no information, numerous methods of contact with Classic Funding resulted in no action. Of the 13 months of extra payments nothing was given to the supplier of the photocopier. They have basically taken it as a bonus. They are thieves and liars. Do not go near them under any circumstance.

  • Transparency
  • Customer Service
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Geraldine Brown
Geraldine BrownBrisbane
  • 2 reviews

Do your home work don't get conned

published

Yes we also got conned by a Sun Source Group rep back in 2015. we will finally pay off this 6kw unit (12K) in Jun2022
as it was not worth trying to pay early . best tip ever never answer the front door to sales reps for any product .

  • Transparency
  • Customer Service
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Narelle
NarellePerth, WA

Liars, Cheats and Scum

published

i returned our leased photo copier when we closed the business. (i guaranteed the lease as non executive director) lease was over. so i thought. i found out later the lease was rolled over. they took me to the magistrates courts for 4k outstanding. next 2 year's i paid it off. now i have a bad credit rating even though its paid off. i called them to ask if they would notify the court. they refused. shocking company. do not use

  • Transparency
  • Customer Service
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Beware dealing with a funding/finance organisation.

published

In a classic case of buyer beware, I was convinced by a clever salesperson from Classic Energy Financing Group. Of course in the end I paid probably twice as much as I would have if buying direct, and more when I sold my house and exited the contract early. They are the middle person between you and the supplier, but impossible to get any follow up or support for the system if there are any problems. They pretty much abandon you after that, and the accounting/reasoning behind the early exit fees are fairly dodgy. Lesson is go to a solar company direct. don't have anything to do with financing companies, this one in particular.

  • Transparency
  • Customer Service
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Jack H.
Jack H.Western District, VIC

They don't provide Statements

published

If you get a Loan from Classic they will, not provide you bank Details unless you request it, and then you will find out it's an account with another bank. They don't have their own money or account management systems, they just open an account with St Georges.

  • Transparency
  • Customer Service
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George S.
George S.South East Queensland, QLD
  • 2 reviews
  • 1 like

Arrogant customer service who don’t care about consumer

published

I have just closed an account with classic funding. Over the time it started well but as I contacted them and asked about certain charges and payouts classic funding were not able to give me factual reasons for overcharging me and double dipping on a payout figure break fee. Would not recommend this company to anyone

  • Incentivised Review No
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Lying company who will try to overcharge the contracted amount

published

After getting funding through classic funding in 2017 it started off ok until I wanted a payout figure 24 months after in 2019 where they couldn’t five me any factual evidence as to why I needed to pay near 30% over the actual borrow amount to finalise the contract. Even with paying 24 months of payments. Classic finance could never produce factual documents stating this. They are crooks

  • Transparency
  • Customer Service
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Lets solar company sale they product with lies

published

Only agreed too the finance based on the solar redate tariff that was going to be provided, unfortunately this was never going to be honoured by the energy provider .
Lets company's sell they products with fake promises..

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Good service, good people, good business

published

Each time I've dealt with people here I have had a friendly, serviceable experience. I don't think they deserve these nasty reviews!

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AmandaJ77
AmandaJ77South East Queensland, QLD
  • 5 reviews
  • 9 likes

Legal criminals - ZERO stars

published
  • Incentivised Review No
  • Loan TypeLine of Credit
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gentianne14
gentianne14DIMBOOLA
  • 7 reviews
  • 6 likes
  • Verified

rude, no transparency, on the edge of dodgyness

published
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  • Verified

Rude and Expensive - buyer beware

published

We got our loan 3 years ago and are being charged double the rate that is currently available for other green loans for solar. They are being very rude and difficult in letting us repay early. They are trying to charge me break fees on the original credit amount and not the outstanding balance. Shonky!!

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Peter Graham
Peter GrahamNambour
  • 3 reviews
  • 1 like

Keep clear of this company

published

I got a loan from Classic funding group (a part of St George Bank) for solar panels and decided to pay my loan out three weeks after the loan started. Well that was very expensive and they were very rude.

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Questions & Answers

Dale J.
Dale J.asked

hello - can someone please tell me who these people are please? My husbands parents are having an amount deducted each month and we dont know what it is for - they both have dementia . Yes they have solar panels - if i am correct in reading these comments, then I assume they got them on finance?

Thanks in advance

No answers
J Fensom
J Fensomasked

I've seen from earlier comments how hard it is to get a basic Statement. I've rang a few times now and I'm still waiting and wondering. Am I to believe the reviews are true??

2 answers
Nick
Nick

Very much. Unfortunately when I did receive the statement for a payout they were expecting $5,000 on top of the payout and break fees for a reason they could not explain

J Fensom
J Fensom

I'm not asking for a pay out figure I just need a statement to provide my lender for a new refinance of my home loan they are holding up the process terribly

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