When sweet investments turn sour

Missed payments, radio silence, and a whole lotta nothing…

Let’s set the scene. You were dazzled by a shiny investment prospect. The promise of returns were high, and the representative sold the heck out of it.

Perhaps the first date (or two) of your dividend payments came around and you got paid. Great. All was going to plan. But then…

Help! There’s been a missed payment on my dividends. Where do I turn to?

Firstly, of course, you must contact the company directly. If you get radio silence, or a dodgy excuse (a classic one is: ‘We are having administrative issues at the moment’), then you must act.

Secondly, it’s important that you ensure a single missed payment does not pluralise into missed payments. You must act if you’ve not been paid within 7 days of the scheduled date. Yes, as little as 7 days (although there may be a perfectly legitimate reason for the missed payment)!

Investment scam victims should act quickly

Far too many people give companies the benefit of the doubt by enduring months (and sometimes years) of missed payments. Stop being so polite! You’ve entered a contract the other party has broken, which gives you the right to do something about it.

Caught in a scam? You must act quickly. You’ll want to get your funds back before the company falls into insolvency, or its directors do a runner. In a previous post, we outlined the red lags to look out for. Do the utmost due diligence before deciding to invest.

But if you’ve already taken the plunge, don’t beat yourself up. The main step to take is to contact an independent advisory firm such as Insolvency & Law who will guide you in the right direction.

Instruct someone to take legal action on your behalf if you feel like you are in a tricky situation. Let them take over and alleviate any stress. And remember: 7 days. Don’t Hesitate. Act Now.

Posted in

Beech Holdings (Manchester) Ltd – Currently Under Investigation


Beech Holdings (Manchester) Ltd (now called Manchester Property Developments Holdings Ltd) is a company self-described as a prominent residential developer and operator with a rich…

Read More
off plan property

Navigating Off-Plan Property Purchases: Your Guide to Recovery


Purchasing off-plan property can be an enticing prospect, offering a chance to secure a futureproperty at potentially lower prices and reap wonderful returns. However, the…

Read More

The Power of Unity: How Creditors’ Action Groups Can Help Recover Your Investments


Sometimes, when investments take a wrong turn, it can leave you feeling isolated,powerless, and hopeless. You might question your ability to fight back as an…

Read More

Debt Assignment: What You Need to Know


You may have heard the term “debt assignment” tossed around in the world of finance, but whatdoes it really mean? Simply put, debt assignment is…

Read More