Epm power-funding brokers fee??? Who are they? Please help

[Super Saints]

Hi all,

 

I have just checked my online banking and seen a payment from a company called EPM Power-Funding for £69.95. I have no knowledge of this company and contacted my bank to get this debt card payment refunded as i didnt authorise it. I was told i have to contact them direct as the bank cannot help, they couldnt give me a telephone number but did tell me they are based in the USA.

 

I have looked online for such a company but have had no joy, could someone please help me as im concerned they could take more payments as and when they like and i have no defence to stop them?

 

Thanks for anyones feedback and help with this matter.

[stickybuns76]

Hi, I had the same company take this amount from bank on Saturday!!! I phoned the fraud team at my bank and they are refunding my account tomorrow. Your bank have to refund this as it's Internet fraud. I would phone them again and demand a refund. The bank are updating me when they get to the bottom of it. I'll let u know when I hear anything. You should also get ur debit card cancelled. Hope u get ur money back soon.

 

Vicky.

[princesskaur]

Hi, I had the same company take this amount from bank on Saturday!!! I phoned the fraud team at my bank and they are refunding my account. tomorrow. Your bank have to refund this as it's Internet fraud. I would phone them again and demand a refund. The bank are updating me when they get to the bottom of it. I'll let u know when I hear anything. You should also get ur debit card cancelled. Hope u get ur money back soon.

 

Vicky.

. Omg same thing happened to me today who is this company takin money .... I need my money bak !!!!

[Super Saints]

Hi vicky

 

Thanks for your post, I have phoned my bank back but they are still refusing to refund me? They say ive signed up to a service and that the company are entitled to take a fee. Ive stopped my card but they also told me that they are still able take to take payments after my card is stopped and if i dont pay they could write to me and demand payment and if i dont pay they could get a debt collector to chase me.

 

I would be very grateful if you could post info you get as im going into my local branch on thursday as im not happy with the responce ive been given.

 

Thanks again for all your help

[Super Saints]

Anybody got more info on these?

[rjpiercy]

I have just has the same thing happen to me however Natwest have been really helpful and refunded the money straight away. They advised I will receive a form in the post in the coming days which I will need to complete and return without fail, otherwise they can reinstate the transaction. I have reported this as internet fruad so Natwest have logged the company details. I hope you get the same help from your bank!

 

Hi, I had the same company take this amount from bank on Saturday!!! I phoned the fraud team at my bank and they are refunding my account tomorrow. Your bank have to refund this as it's Internet fraud. I would phone them again and demand a refund. The bank are updating me when they get to the bottom of it. I'll let u know when I hear anything. You should also get ur debit card cancelled. Hope u get ur money back soon.

 

Vicky.

[345quinn]

Same thing happened to me. I had £67.70 taken from my account on Friday. The RBS Visa debit card fraud team have said they will refund the money but why should we need to log into online banking several times a day to make sure we're not getting ripped off by low-lifes like this company??? If you want to contact them their number is 0844 704 9707 but, be warned, they will want your full name, address, date of birth etc before they will answer any questions. I didn't give them these details and told them they can deal with the police instead.

[misslondon]

The same thing happend to me today they took 69.75 from my account and my bank called me then i said i didnt do it dey say dey will give me a refund.

[lisajody]

Ive also had 69.75 taken then a further charge of 1.25 does anyone know which loan company they gave there details to for them to be able to do this i can only think of wonga that ive applied to?

[alexmac881]

exactly the same thing has just happened to me, im glad to hear banks are refunding tho, im in to see them first thing 2moro. obviously nobody can afford to have £70 taken for absolutely nothing!!! this is a joke

[lisajody]

Natwest put me through to the fraud team who av refunded it straight away they have been brilliant x

[Lordchuccles]

Hi,

 

I have had the exact same problem today, I tried to pay a bill using my visa debit card this morning and it was declined.

I knew i had money as i have just been paid, anyway i thought nothing of it and went to the cashpoint where i was advised on screen that i had to contact my bank right away, so i went into my bank and the girl behind the counter put me on the phone to barclays fraud squad. After chatting for 10 mins we finally came to the transaction for £67.70 that EPM Power loans/funding had taken from my account i have NEVER heard of this company in my life and certainly hadnt requested a loan from them, although a few months ago i did apply for a number of loans on the net such as wonga, yes loans ect. But never excepted any loans.

The guy at the barclays fraud squad informed me that he was going to cancell m card perminantly, send me a new one and also a forn that must be filled in regarding the fraudulent activity on my account.

I also have to go into my bank in 2 working days when the transaction shows on my bank statment and call the fraud squad to talk about re-inbursting me the money that they have fraudulantly taken.

I am rather confused about the whole thing to be entirley honest if anyone has any advise or tips to help me with this or even anymore information on this company (EMP Power loans/funding) I would appreciate it greatley.

Thanks alot

Danny (Midlands)

[2009tropez]

Hi all, Same thing happened to this week. Money taken going to a bank in Mauritious I had 2 text messages saying that my mebership had been agreed on 18th August ( I was on hiliday in Spain then) Anyway what memebership. They vene sent me an invoice on 31Aug. There is a web site Power Funding.biz.

They have an adress in London. 1 Liverpool Street, London, EC2M 7QD. Tel:08447049707.

 

I have never heard of them, nor did I sing up for anything. Like some others I made enquiries about a loan some months ago. Someone passes this information ariound as i get e-mails and texts form all sort os loan companies.

 

I am going to contact my bank, Trading Standards, Office of Fair trading and FSA. these crooks need stopping.

[Super Saints]

WOW, just logged in to my thread to put an update on and cant believe that so many people have had the same problem.

 

Update, after meeting my local Halifax branch manager, she was so so helpful. Sent in compliant after Fraud Team were so unhelpful, welll man I spoke to was, (Maybe he was having a bad day), finally had a letter saying that as a good will gesture on this 1 occasion they will refund me my money. RESULT !!! I've now opened a new account due to being told that even though i've changed my card, this company could or maybe could still take funds from my account. So better to be safe than sorry.

 

Thank you for all the comments and glad to see that everyone has got there money back. Here's where my new fight starts against them !!!!!!!!!!!!!

 

Right as for the company doing it, I have a lady at work, who's flat mate works for "WATCH DOG". I will be calling her next week to see if her friend is willing to ask WATCH DOG, to help us make this public and to ask if she can assist us in getting to the bottom of this clearly massive problem. Who passes details on, legal issues behind it, etc etc

 

Watch this space, any others who have had issues like mine and others, please had more fuel to this fire and lets put a stop to these monkeys !!!!!!

[asmilecostsnothing]

Don't think you can stop them unless you find out the lender behind it - I believe there is a possible connection to payday loans co well that is what my ex. bank were insistent on

 

Please, PLEASE get new accounts if you have been a victim - don't accept just a new card being issued as I can sadly guarentee you the first transaction is unlikely to be the last, they normally try again around 2 months later

 

I would link this to Eze Loans, Power Loans, Cashoo Money etc... we really need to find the player thats behind these, all websites are in the same format if you notice...

 

Can't explain the contemp I have for these people behind what is obviously nothing more then a [problem]

[Super Saints]

totally agree, and my fight against them is at the early stages, but will keep all informed as to what i find out.

 

 

Watch this space, sure to be interesting and hopefully very helpful

[asmilecostsnothing]

I'm with you Super Saints ! will also let you know if my digging brings up anything to I'm not giving up - I think I may have found something juicy had already posted in this section so I'll be looking more into that

 

Just as a side note, be careful and prepared because in my situation my account was cleared twice (2 months apart) under different company names then when the next 'reoccuring payment' would have been 'due' I received a real horrid and threating telephone call from an 0203 number (think thats new code for some london numbers I believe) it was too much of a coincidence to receieve this call on the same day they had previously helped themselves and I believe from Fraud Action it was a call made in an attempt to obtain my bank details

 

The consensous seems to be they like changing their name - hence power loans, eze loans, easy loans, cashoo money, creditsavers.org, one stop shop loans

 

I'm very interested in this one...

[asmilecostsnothing]

I'm with you Super Saints ! will also let you know if my digging brings up anything to I'm not giving up - I think I may have found something juicy had already posted in this section so I'll be looking more into that

 

Just as a side note, be careful and prepared because in my situation my account was cleared twice (2 months apart) under different company names then when the next 'reoccuring payment' would have been 'due' I received a real horrid and threating telephone call from an 0203 number (think thats new code for some london numbers I believe) it was too much of a coincidence to receieve this call on the same day they had previously helped themselves and I believe from Fraud Action it was a call made in an attempt to obtain my bank details

 

They do keep changing their name - hence power loans, easy loans, eze loans, cashoo money, one stop shop loans

I'm very interested in this one...

[Super Saints]

Thanks asmilecostnothing, it is something I feel so passionate about. These people have caused me so much hassle, closing bank account, re open new, taken my money, having to fight to claim it back, move all DD and standing orders, wages at work having to been moved and updated etc etc etc

 

I will not let this go, so any help or info you have, please post. Ps I had a letter from Wentworth Direct Finance this morning saying I have £1000 available when I pay the reduced brokers fee??????

 

Ill add there name to the growing list who could be involved in this spam !!!!!!

 

Nice to hear from you, keep in touch

[quackquack]

Thanks asmilecostnothing, it is something I feel so passionate about. These people have caused me so much hassle, closing bank account, re open new, taken my money, having to fight to claim it back, move all DD and standing orders, wages at work having to been moved and updated etc etc etc

 

I will not let this go, so any help or info you have, please post. Ps I had a letter from Wentworth Direct Finance this morning saying I have £1000 available when I pay the reduced brokers fee??????

 

Ill add there name to the growing list who could be involved in this spam !!!!!!

 

Nice to hear from you, keep in touch

wentworth will not give you the 1,000 pounds its a con with them for you to pay the fee i got scamed like that ages ago and they wouldnt give me my money back:sad:

[alibali704]

I also had £69.70 taken from my bank account last Monday, it was my child benefit money, I phoned Halifax and they stated the same thing as they had to Super saints and that I would have to contact the company direct.

 

I phoned Power Loans and was told that they will cancel my membership over the phone, and to send a written request to them for a refund, I did this last Thursday recorded delivery, I have given them 14 days from the date of the letter to refund me or I will be going to the OFT and Consumers advice but no response so far.

 

I just cannot believe that they can get away with this, I thought I was putting my details into a direct payday loan company and not a broker, it seems that I was re-directed to this site and was totally unaware, if I was aware of this there is no way I would have done this, why would I want to fork out that kind of money for someone to find me a loan when the reason I need one in the first place is because I am short that month, how the hell can this be legal.

 

I will let you know how I get on and will also be taking this further if I dont' get my money back, I would love to know how you get on Super saints and hope you will keep us informed.

[Super Saints]

Hi alibal704

 

I went into my local Halifax branch and the manager there was already aware of this company due to other customers having the same issue. Get them to raise a compliant for you and call the fraud team on your behalf, and make sure they take all you details. I had a letter back from Halifax saying that although they do not need to refund as a good will gesture they will on this one occassion.

 

The refund was back in my account within 5 days I believe.

 

Can you please private message me the contact details you have for Power Loans, as im building a case for a friend of a friend who is hoping to get Watchdog to bring these companies to the public, and hopefully stop others getting into the same problem.

 

Good luck, I hope this helps you and please update me with how you get on.

 

Kind regards x

[Ita]

I've just had the same experience only there was not enough money in my account for them to take it. I was looking for a loan which I decided not to take. That might have something to do with it. Goioing to continue to search on line until I find them.

[sherriepaterson]

I had the same thing- EPM took £67.70 at 9:30 last night. I tried to phone them and got through to billing issues but only an automated line and then the phone went dead. I got in touch to RBS and reported it to their fraud team and I'm waiting for a response but as soon as it shows as paid then they said they will refund it. I've only used Wonga and Yes Loans but did apply to a few- it still doesn't mean that they have the right to take that money, it was for my car insurance which I now have no money to cover. I'm thinking about getting in touch to someone who can show the world what they really are like but would like permission off anyone who wouldn't mind me showing their comments. £70 isn't a great deal to a lot of people but is from me, but if they've done this to 20 or 30 people then they've scammed over £2000 off us, and I'm pretty sure its more than just 30 people that they've took it off.

[2009tropez]

Hi,

Surprise Surprise. I have just received a text from EpmPower Funding telling me that they are refunding my £69.75. I'm not celebratig yet until I see the money in my account. i spoke to them this week and got no joy at the time. i asked when I am supposed to have completed a form with all my details. They said 18th August. They even said that I did this whilst on holiday. I was on holiday in France then. I made threats of reoorting them to the police, OFT ect. I also wrote a very detailed letter to them It's just as well that they say that they will refund my money as Barclays said that they wouldn't. I think I will transfer my overdraft to another bank!!!!!.

Kepp going at Epm as they will give in if pushed.

 

Good luck