Enhance Financial Services rebrands to Magic Loans
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Magic Finance Group has has re-branded its secured and un-secured loan business Enhance Financial Services to Magic Loans, after acquiring the domain name from administors in 2008.
Magic loans was formally a secured broker, but went into administration in late 2008.
Greg Cox the CEO of Magic Finance Group acquired the Magic Loans name and domains late in 2008 from the administration and it now makes up one of the Magic Brands within the group.
Cox says: “Magic’s key focus is on providing our clients with a friendly informative service which results in them receiving the financial product that is right for them. At Magic we feel that the market place is in serious need of a fresh new scalable approach to the way clients are dealt with and business is carried out as a whole. Our mission is simple “look after our clients, innovate and by doing so become the UK’s most successful & forward thinking financial solutions business”.
The company has grown from one staff member in late 2008 to a team in excess of 40.
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Readers' comments (11)
Debby | 19 Mar 2010 11:50 am
As the above the same happened to us l would be interested in pusuing this also and have emailed them and told them the same as youbut that l would persue them till the ends of the earth to do so.
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Anonymous | 21 Mar 2010 1:29 am
Contact the FSA via email I did, I have also contacted every finicial web site advertiing them and advied them what is going on.
To date 2 web sites have removed Magic Loans.
We need everyone affected by them t do the same
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Joe | 24 Mar 2010 3:38 pm
The core revenue stream for this business is extorting a upfront broker fee from the client for a service/product that does not exist! They are just copying the Loanfinder.co.uk and Yesloansuk model - who are complete rip off merchants. It's the OFT who are to blame for allowing this - not good for the consumers as these firms are very very misleading :-(
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J | 30 Mar 2010 7:18 pm
Have just paid £49.95 and they said I would receive an email confirming loan had been agreed.
Have not received an email.
Have I been ripped off, really cannot afford to lose this money.
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Anonymous | 30 Sep 2010 7:20 pm
OMG.. I have just paid a £49 fee for a 1500 loan.
Have I been conned..? I planned to buy a car next week...!
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nicki hussain | 30 Sep 2010 7:20 pm
OMG.. I have just paid a £49 fee for a 1500 loan.
Have I been conned..? I planned to buy a car next week...!
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stuti | 7 Oct 2010 1:22 pm
i paid an admin fee of £69.99 on 18th of august by giving all my bank details over the telephone. they said i have been accepted for a loan of £2000 over 2 yrs period. since then i have tried so many times to contact them. but no improvement...... i want my money back. please help me
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Anonymous | 27 Oct 2010 1:33 pm
As above mostly,but was told my email address refused to accept their emails - spoke to Cust Services several times and promised forms in post....once again a fruitless excercise.
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EMD | 23 Mar 2011 10:29 am
OMG this has also happened to me I have been waiting for forms for 2 weeks for a £6,000 loan and paid £69.99 'fee'...I take it I have been conned but I am not letting this drop, I need my money back, please help - what do i do?
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Anonymous | 23 Jun 2011 11:03 am
has anybody had any good experience with these people surely if everyone has bad experience nobody would use them!!
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