The ACCC has commenced proceedings against Refund Home Loans and its founder and Managing Director, Wayne Ormond.

It’s been alleged that Refund Home Loans and Wayne Ormond have made false and misleading representations that are in breach of the Trade Practices Act.  The statements were regarding having a special relationship with the ACCC.

The ACCC news release states that Mr Ormond made statements over a number of years to many franchisees to the effect that the ACCC had advised Refund Home Loans about their conduct towards the franchisees and had approved action taken by Refund Home Loans in respect of both current and former franchisees with whom it was in dispute.

Today’s guest post comes from David Khalil, NSW State Manager from Refund Home Loans.

The year ahead is now seeing an upturn in Lending and home loan Enquiries, which is creating the perfect financial Storm.

The climate is set with the lowest interest rates in 4 decades, house prices are still low, more Government grants to assist with home entry and a higher rental return for investors. Petrol prices have dropped, also the price of bananas. We are seeing an increase in cash-flow for clients the average family is $700 a month better off and this is great time for them to pay off debts or purchase investments.
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