Legal criminals - ZERO stars
We also took out a loan with classic funding group for solar panels in 2015 and the same problem. We can NEVER get a statement from them, we can NEVER get a payout figure, the only figure they give is always bigger than the original balance. The contract says interest charged daily on the balance however they added all of our interest on to the initial balance so we not only pay that massive amount of interest no matter what, but we also have to pay MASSIVE early repayment costs. Is it a coincidence that the company we bought our solar panels f...rom disappeared after we purchased?? Seriously dodgy. I’m taking this to the ombudsman. EDIT: JUNE 2020 - I paid my finance out in April 2020 after 5 years. Despite having paid off $8,800 (of a total of $9000 from the initial purchase), my payout figure was STILL $4500. I strongly recommend NOT going through classic finance. I was slugged with an early repayment fee AND a break fee. Aren't they the same thing? Please avoid using this company for a finance agreement. If any company offers you finance through Classic, ALWAYS ask about other options as it is your choice which company you use, NOT theirs. If they only offer Classic, then they are most likely affiliated with them.
Questions & Answers
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??
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
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