Information on Reset Finance India Scam

Important Information on Reset Finance Indian Scam.

To whom it may concern,

We need to make you aware that there is a group of individuals impersonating our company Reset Finance Limited (company number 05038828) and charging people upfront fees for loans that do not exist. They call themselves "Reset Finance India" and are using our registered address at Athene House, 86 The Broadway, London, NW7 3TD.

RESET FINANCE DOES NOT LEND MONEY. NO UPFRONT FEES ARE EVER CHARGED TO CUSTOMERS FOR ANY OF OUR OTHER SERVICES. PLEASE NEVER PAY ANY MONEY UPFRONT FOR A LOAN - THESE FEES ARE NORMALLY DEDUCTED FROM THE TOTAL LOAN AMOUNT PAID TO YOU.

They are acquiring potential customer details from an unknown source and are offering them a loan and then falsely approving them, but request that the customer pays an admin/processing fee. This is the typical process so please DO NOT agree to any of their requests:

  1. Victim is asked to pay processing fee, typically a £250, in to various bank accounts or a Western Union account.
  2. They use the false reason that a credit check on the victim has led to an increase in the risk and therefore another admin charge via another company and try and get further funds from the victim.
  3. They may also suggest that they pay money as a contribution into victims' account so that they can then proceed to pay the fee to another account. THE CONTRIBUTION TOWARDS THIS SIMPLY COMES FROM ANOTHER VICTIM BEING ASKED TO PAY UPFRONT PROCESSING FEES!
  4. They are using a number of different email addresses for example; resetfinancee@yahoo.co.uk, resetfinance@gmail.co.uk and resetfinancee@hotmail.co.uk to send out fake contracts that ARE NOT from Reset Finance.
  5. The fraudsters are also faking a money laundering charge, typically £220 that they also request that the victim pays. This again is totally false and the direct.gov.uk email address being used is non existent.

We are therefore doing everything possible to stop this activity and have done the following:

  1. Reported to The Financial Ombudsman
  2. Reported to the Office of Fair Trading
  3. Reported to Consumer Direct who notify the Trading Standards
  4. Reported the email address to Yahoo
  5. Reported it to the police

THIS IS OF COURSE CAUSING THE VICTIMS A GREAT DEAL OF HARDSHIP. WE ARE HOWEVER MAKING PROGRESS WITH BOTH THE AUTHORITIES IN THE UK AND OVERSEAS AND TECHNOLOGY IS ASSISTING IN US COLLECTING PROOF SUFFICIENT ENOUGH TO SECURE A PROSECUTION THROUGH BRITISH COURTS, EVEN IF THIS INVOLVES EXTRADITING INDIVIDUALS FROM, FOR EXAMPLE, INDIA.

We'll buy your old mobile phones for cash!
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