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One Star Finance
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Caution Investors One Star Finance / https://onestarfinance.co.uk/ – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
One Star Finance is a website that claims to offer loans and other financial services to UK customers. However, there are many red flags that suggest that this website is not trustworthy and may be involved in fraudulent activities. In this blog post, we will review the evidence and warn you about the risks of dealing with One Star Finance.
Regulation and Compliance:
One of the most important things to check before applying for a loan or any other financial product is whether the provider is authorised and regulated by the Financial Conduct Authority (FCA). The FCA is the UK’s financial watchdog that protects consumers from scams and unfair practices. The FCA maintains a register of authorised firms and individuals that you can search online.
We searched the FCA register for One Star Finance and found no results. This means that One Star Finance is not authorised by the FCA and has no permission to offer loans or any other regulated financial services in the UK. This is a serious breach of the law and exposes customers to a high risk of losing their money or personal information.
Moreover, we found out that the FCA has issued a warning against One Star Finance on its website. The FCA states that One Star Finance is an unauthorised firm that may be targeting UK customers with offers of loans. The FCA advises consumers to avoid this firm and report it if they have been contacted by it.
Another way to assess the credibility of a website is to look for customer reviews and feedback. We searched for reviews of One Star Finance on various platforms such as Trustpilot, Google Reviews, Facebook, etc. We found no positive reviews and only negative ones. Many customers reported that they were scammed by One Star Finance and lost money or had their identity stolen.
Some of the common complaints were:
– One Star Finance asked for upfront fees or deposits before approving the loan, which is illegal and a sign of a scam.
– One Star Finance used fake or stolen documents and contracts to deceive customers.
– One Star Finance changed the terms and conditions of the loan after the customer signed the agreement, such as increasing the interest rate or adding hidden charges.
– One Star Finance harassed or threatened customers who refused to pay more money or tried to cancel the loan.
– One Star Finance did not provide any contact details or customer service, and ignored or blocked customers who tried to reach them.
Products and Services:
The website uses a generic domain name (onestarfinance.co.uk) that does not match the name of the company (One Star Finance). The website also has many spelling and grammatical errors, which indicate a lack of professionalism and quality. The website does not have any security features, such as SSL encryption or HTTPS protocol, which means that any data entered on the website is not protected and can be intercepted by hackers.
One Star Finance claims to be based in London, at 75 Davies St, W1K 5JN. However, we checked this address on Google Maps and found out that it belongs to another business called Regus, which provides office space for rent. This means that One Star Finance does not have a physical presence or location in the UK and is using a fake address to mislead customers.
One Star Finance provides only one telephone number (02081370599) and one email address ([email protected]) as contact details. However, these details are not reliable or verifiable. We tried calling the number and sending an email, but we did not receive any response or confirmation. We also searched for these details online and found out that they have been used by other scam websites in the past.
Based on our research and analysis, we conclude that One Star Finance is a scam website that should be avoided at all costs. This website is not authorised by the FCA, has no valid contact details or location, offers fake or illegal products and services, and has received numerous complaints from customers who have been scammed by it.
If you have been contacted by One Star Finance or have applied for a loan from them, we advise you to stop all communication with them immediately and report them to the FCA and Action Fraud. You should also check your credit report and bank statements for any suspicious transactions or activity. You should never pay any money upfront or share any personal or financial information with unauthorised firms.