• Report:  #89724

Complaint Review: Swiss Financial Services - SFS World Limited - Refund For Tourists - RFT Loans - Zurich, Switzerland And Cancun, Mexico And London UK Other

Reported By:
- McHenry, Illinois,

Swiss Financial Services - SFS World Limited - Refund For Tourists - RFT Loans
Bahnhofstr.71, Postfach 6129 Zurich, Switzerland And Cancun, Mexico And London UK, 8023 Other, Switzerland
Tell us has your experience with this business or person been good? What's this?
I was approved and guaranteed for a business loan and had to pay $3200 to open a Swiss Bank account to get the loan started.

I wired the funds and then forward the documents they wanted to them. The package was delayed by DHL and the private Investor terminated the loan.

The Investor required an upfront administrative fee of $12,000 to continue the loan process and stupid me wired the funds. I did this on the basis that it was 100% refundable.

I sent all the required documents to Swiss Financial and then sent it on to the Investor without even looking them over. When the Investor got them, the personal financials were not what he wanted and he suspended the loan.

Swiss Financial came back and requested another $14,000 to continue the loan to correct the documents. Of course, this time I didn't send it and now they will not refund my $12,000.

This is company states they guarantee the loan as long as you don't provide false information which I didn't. They then find any little thing wrong with your documents to terminate the loan then offer to continue the loan with thousands of dollars up front.

This company does not work for you only their Investor and will not help you in any way to get this loan through without thousands of dollars in return.

Do no use them even if you are desperate for a business loan like I was. I have a start-up business and no loan company or bank will loan me money until I'm in business for 2 years so, I got desperate and used Swiss Financial aka Refund for Tourists.

Don't use them it will only cost you in more ways then one.


McHenry, Illinois

2 Updates & Rebuttals


SFS has stated that they are sending me a refund.

#2Author of original report

Mon, July 12, 2004

I will withdraw my complaint if I actually receive it. If I don't get the refund, my original complaint will stand.


United Kingdom
offshore company, our primary function is to protect the investors

#3UPDATE Employee

Sat, June 12, 2004

First and foremost, we are an offshore company that broker loans; our primary function is to protect the investors / finance companies from Consumers that will simply obtain a loan and default on the loan only after one or two payments. The majority of the loan application that we process is individuals that have submitted false information or used misrepresentation in trying to obtain a loan. Some clients are required advance fee payment; this is determined on a case-by-case basis. Our loan application process is a step-by-step process that allows our loan investigators to cross check a client's information. Unfortunately, we receive a lot of false / fake information. The complaint that has been voiced against our organization by a Pam McHenrywe have never processed a loan for a Pam McHenry. If this person is honest with their claim, they should not use a false name or post their Loan Number so that we can properly response. We do have a similar situation with a client regarding the fees if this is the same person, apparently this individual have a talent for submitting False Name in their loan application. Its amazing that this person would continue to use false names, especially when a charge is being made against us for fraud on a Public Forum. This would be libel and civil charges will be brought against this person for damages. Our policy is to conduct all communication via email, as a means to keep a written record of all communication with the clients. If the basic facts of this claim are true, regarding additional fees, I am sure that the client blatantly did not submit the required information or submitted false information etc. We will not post the transaction details of a clients on the internet for all to see; if you are a client of our company, contact our legal department for answers regarding this false claim: [email protected] Note: Swiss Financial Services offshore bank account, processing unit and was purchased by SFS WORLD LIMITED, the remainder of the company is no longer in operation. RFT LOANS is a separate entity that process off shore bank accounts and refer clients for loans to various companies. REFUND POLICY If SFS WORLD LIMITED in anyway affects a client's loan payout; the client is guaranteed a 100% refund on any fees paid plus 5% interest. But if a client's loan application is terminated or suspended due to false information, misrepresentation, highly questionable information, blatantly ignored submitting required information etc. SFS WORLD LIMITED will confiscate any fees paid to cover loan application processing expenses.

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