Income Direct

Zero Star Rating Appalling behaviour from income direct. Zero communication. I want my money back $250,000 returned.

I invested with Income Direct under a Bill of Exchange with a contracted maturity date. Despite clear contractual clauses requiring full payment at maturity, my funds were not paid in full on the agreed date. After repeated requests over several months, only a partial payment was initially made. The company relied on wording in a general FAQ section to justify delays, even though the binding contractual clauses do not state that payments are subject to liquidity, tranche payments, or banking delays.

The Executive Chairman personally confirmed in writing that I was scheduled for redemption on the maturity date, however this was not honoured at that time.

Full payment was eventually made after escalation and following a request that I remove earlier negative reviews.

Based on my experience and 8 others that I know are having issues with interest payments and their capital not being retuned id run a mile.

Don’t go near them, I’ve been with them 1.5 years. They are still trading and taking peoples money that they know they will never pay back. They are not making monthly payments to most people as stated in their agreement. It’s been two months now. Constantly late payments previously. No extra interest paid for late payment. No early realease is ever considered per their terms. Once they have your money you won’t see it again. So many people not being paid. Now they are trying to trade in a couple of different names. MB private and the marbanc. I invested 300k please reach out we need to do a class action. Jodz1970@gmail.com This was my SMSF and I can no longer afford to retire this year. This company is praying on the vulnerable. They are also not in any office in melb as advertised. They also have one person manning the phone for new victims and one making calls to us vulnerable people trying to make out things are ok. LIES I have requested information on where to address my issues to their legal team to no avail. But Darrin Britton says I cannot talk to you as you have gotten a lawyer involved. But continually withholds information on who the legal team are. For those needing it, I have doing some investigating and this is them. Dan Mackay at Mackay Chapman queen street Melb.

Our company is currently pursuing formal legal proceedings against Income Direct Australia Pty Ltd, a wholly owned subsidiary of Marbanc International Corporation in relation to an unpaid debt of approximately $1.4 million plus accrued interest (in excess of $100,000). This matter has been raised repeatedly over an extended period with both the company and its directors. Despite multiple opportunities to resolve the matter commercially, payment has not been made.

The documented steps taken to date include:

1) Numerous written payment requests 2) Direct communication with company representatives 3) Formal demand issued 4) Final notice of default issued to the directors 5) Engagement of external legal counsel 6) Filing of a Writ of Summons 7) Attempted personal service at the registered office recorded with ASIC

When our process server attended the registered office in Melbourne as listed on official ASIC records, the premises were found to be vacant at the time of attendance. Photographic evidence was obtained.

Pursuant to section 109X of the Corporations Act 2001 (Cth), service may be effected by leaving documents at a company’s registered office. We are proceeding strictly in accordance with the statutory framework.

Given that Income Direct is wholly owned by Marbanc International Corporation, the matter raises broader corporate governance and oversight considerations within the group structure.

The proceedings are now before the Court. Income Direct has 21 days from valid service to enter an appearance. Failing that, default judgment will be sought.

Litigation of this scale is not undertaken lightly. However, where substantial commercial sums remain unpaid after extended engagement and formal notice, escalation becomes necessary.

This publication reflects the current procedural status of the matter.

Any investor, counterparty, or commercial partner considering engagement should undertake careful and independent due diligence in light of these proceedings.