THE EFG LOAN SCANDAL IS NOT JUST ONE BANK IT SEEMS TO BE MANY – IF NOT ALL!
The UK wide EFG Loan survey is being undertaken to further highlight mis-selling banking practices this time regarding the 75% EFG government guarantee for the benefit of the lending bank, which was deliberately mis-sold as a benefit for the borrower! This mis-selling kidded unsuspecting borrowers into believing that they were only 25% personally liable for the remaining loan in the event of a default! Of course at default, the banks are claiming 100% personal liability and denying that they sold a 25% liability in order to get the business! Even bank literature and websites mislead the borrowers!
The survey is being conducted in association with The Times article dated 18/08/2014 and the results will be analysed and shared with the government and used to assist complainants to achieve their redress from the banks.