http://www.complaintsboard.com/complaints/paramount-finance-and-investments-parramatta-northern-territory-c408990.html?page=3

I hope some of the staff contact the ACCC or ACA or Today Tonight and expose these liars! I really feel sorry for anyone that has dealt with them and even the staff . I wonder what the next transformation of Aus Eagle, Paramoungt Finance and National Planning Services will be, perhaps they should just call themselves "Shonks are us" to save confusion.

To the employees and customers they have ripped off, unfortunately, they like to hide behind the HR Manager/Public Relations manager of the company Gill Bedford. Unfortunately this woman cannot be trusted. She is two faced and pretend to care then back stab you when you are not looking.

The Unholy Trinity I say.

Check this link out.
http://www.reviewstalk.com/complaints-reviews/auseagle-financial-solutions-amp-paramount-finance-and-investment-services-l19669.html

What a bunch of liars these people are. Helen Vincent, you should be ashamed of yourself telling people you are a customer.

For the record, Paramount Finance and Investment Services has relocated to Norwest Business Park. Last week it terminated all its telemarketers, corporate associate other staff members and the management decided they will not pay them a cent.. If a company can do this to their staff members, imagine how they treat their clients?

AUSEAGLE FINANCIAL SOLUTIONS PTY LTD (PROPERTYSOLUTIONS4U PTY LTD) ABN: 97 104 026 459
PARAMOUNT FINANCE & INVESTMENT SERVICES ABN: 26 104 830 444
PARAMOUNT FINANCIAL SERVICES PTY LTD ABN: 58 075 490 854
PARAMOUNT LENDING SERVICES PTY. LTD. ABN: 56 137 383 307

Beware, if you receive a cold call from the above companies offering a free financial consultation. DON’T DO IT! They will tell you that they can reduce your mortgage in half the time and sell you a plan. They will charge you $396 for the service and present you a plan that tells you to invest in properties in Queensland.

The plan is prepared on an Excel spreadsheet and it is a generic plan. They will tell you that it is prepared for your individual situation but this is not so. On this plan they will advise you that you should refinance your mortgage into:
1. A Special Finance Facility (It’s a Line of Credit) of $30K
2. A Variable Rate Loan to the value of your current home loan and other loans
3. Another Variable Rate Loan of an amount that will finance part of the purchase on a new property in Queensland
4. Another Variable Rate Loan for the construction or purchase of a new property in Queensland

If you are one of the lucky ones that qualify for a property, they will try to sell you an investment in Queensland and it will cost you on top of the purchase price $7997 for their service. If you are only refinancing, this amount will also be charged.

Note that for every property that they sell, they get up to $50K in commission from the builder - something they do not tell you. This amount comes from the purchase so you the customers are actually paying for it. This is the main reason that the valuations of the properties they sell always comes in lower than the purchase price. If you also allow them to organize the finance for the whole thing, they also receive up front commissions from the banks of up to 1% of your total loan as well as up to 0.25% of your total loan in trail commissions.

So you see, you the customers should not be paying anything, the company make enough money on their commission not to charge you $396 and $7997.

If you are unhappy with the plan, they will NOT refund you the money. If by chance you do not want to proceed with the purchase, they will try to charge part or all of the $7997 fee. There was this time where one of their clients was diagnosed of terminal cancer and wanted not to proceed. So they charged him (a dying man) $4000.

If you do happen to proceed, please check the contracts properly. They tend to get you to sign blank contracts and application forms during the meeting. Ask to take the contracts with you after the meeting and obtain INDEPENDENT LEGAL ADVICE! before signing.

It would be prudent for you to do your research as well. Do not rely on the research paper they give you on the plan. Some of the information on it is over 3 years old - and it hasn't been updated for a while.

Here is another link of that company and in it are the experiences of the customers they have served so far.
http://www.complaintsboard.com/complaints/paramount-finance-and-investments-parramatta-northern-territory-c408990.html

AUS EAGLE FINANCIAL SOLUTIONS IS JUST ANOTHER SHAM COMPANY RUN BY CRAIG LYNCH AND SHOULD BE AVOIDED AT ALL COSTS!