I personally hold the opinion that any broker that engages with any company that operates 'illegally on their behalf' should be expelled from the industry. It's harsh, but surely most brokers are aware that they're introducing blatant non-compliance to their business. How dare any broker expose genuine borrowers to a 'deception funnel' - it's literally criminal.
Not a single ACL holder in the country has issued a warning to its brokers on the dangers of engaging with a leadgen company such as this one, and I struggle to understand why and how they allow continued illegal activity by proxy.
The standard illegal leadgen stuff in this ad is all wrapped either side of the non-compliant quiz that indiscriminately returns a 'You Qualify' message. Non-compliant, baiting practices, and false advertising are the defining attributes of this garbage experience.
This company is synonymous with non-compliance and illegal advertising, but hiding behind a stock profile photo from their office in Bangladesh, the company will invariably attract brokers into their dodgy program.
Why any broker will knowingly engage with a leadgen company when they have the capacity to introduce their own amazing experience that returns business for cents on the dollar remains one of the industry's greatest mysteries.
(Every leadgen company evaluated by our audit confirmed that 100% of them are operating illegally).
There's a certain pleasure working with brokers that do things right, and it's a drug watching them achieve tremendous outcomes as a result.
Stop the finspam.
