Northway Financial: Do customers complain against this company?

By Good Nelly

Ask Nelly

Northway Financial Corporation Ltd. is a licensed institution (licensed by Malta Financial Services Authority - MFSA) that provides money lending services under the Financial Institutions Act 1994. Check out the topics given below to get an idea about customers’ views on the collection agency:

• What are the customers' views on Northway Financial Corporation Limited?
• How can you avoid payday loan scams?
• How to contact Northway Financial Corporation Limited?

What are the customers' views on Northway Financial Corporation Limited?

Debt Consolidation Care Community members have expressed their views on the company and they seem to be quite dissatisfied with it. Let us take a look at what the customers have to say about the company and about getting Northway Financial payday loans.

• Taking customers' money through alias names: Customers have made Northway Financial complaints saying that the company uses alias names to work and takes away money from the clients. One customer had encountered such a problem when Northway Financial refused to admit the charges, but the customer's bank found out that it was the same company. Read more.
• Taking money from individuals without them having applied for any loan: Individuals have complained in the Debt Consolidation Care Community forums saying that Northway Financial took money out of their account even when they did not have any debts to the company. Find out more.
• Individuals have no idea about the company: One individual has made Northway Financial complaints in the Debt Consolidation Care forum saying that he is very upset because this company made two withdrawals without informing him. Moreover, the individual also didn't know about the existence of the company earlier. More information.

How can you avoid payday loan scams?

Payday loans may be quite helpful when you need that emergency cash but you must be extremely cautious regarding which lender you are getting it from and especially if you are getting it online. There are numerous cases of payday loan scams heard almost every day. Whether or not you have Northway Financial payday loans, you should know how to distinguish a legitimate company from a fraud one if you are seeking such loans in future. To avoid being scammed by payday loan companies there are a few things to keep in mind:

• Be cautious when on the internet: Not all payday loan companies are scam but nevertheless, there are scam companies and the internet is their best haunt. There may be several scam companies masquerading as legitimate payday loan companies. It is easy for them to take advantage of desperate individuals looking for an emergency fund. Don't just take on any offer before further research.
• Look out for unsolicited offers: Unsolicited payday loan companies are likely to spam your e-mail id. Don't fall into their trap and avoid them like the plague. It is only likely that they are trying to trap a desperate loan seeker who might fall for their unreasonable offer.
• No up-front fees: A legitimate payday loan company will never charge an up-front fee before you get the borrowed money. If a company asks for up-front fees, there is a possibility that the company will take off with your money.
• Research: This is a very important thing to do. Good research is very important in this case. Check with the Better Business Bureau and see what they have to say about a company.
• Credit Check: A legitimate lender may seek a simple background check, income verification or credit report before lending any money. There are many payday lenders who will not check background, but that doesn't mean they cannot be legitimate. Those who check may be a little more reliable.
• Contact details: Look for contact details of the company you are trying to borrow from. This means a physical address and a phone number. You may call the number to find out if the company actually exists. You may also like to visit the company to find out if they are physically existent.

How to contact Northway Financial Corporation Limited?

You may contact the company at their Northway Financial address:

Level 8, Plaza Commercial Centre
Bisazza Street Sliema SLM15 Malta (European Union)

The Northway Financial phone number to call is +356 22 606 800
You may also send them a fax at +356 21 322 461