Credit BLU experience?

[Sadhu]

Hey guys

I'd like your thoughts/experiences with BLU Payment Account - Send and Receive Bank Payments Instantly - looks interesting, but somewhat suspicious

 

[Blackbird]

Seems that same guy is running Company in Germany: Get Your Free Company Today, Company in Holland: Get Your Free Company Today, buycompany.com and rentacompany.com. At least this is what i got from chat. Can't say much more but their customer service seemed to be bit lost. They tried to sell me company when I was asking about accounts. He did not seem to know from which webpage I started the customer service inquiry.

 

[Martin Everson]

Credit Blu aka Credit Blaustein Limited

Companies House:
CREDIT BLAUSTEIN LIMITED - Overview (free company information from Companies House)

FCA Register:
Financial Conduct Authority

You can look at the directors names yourself in companies house. They are these two people below:

BLAUSTEIN, Vadim Yuryevich
KUDRIAVTSEVA, Olga

It's a 2 person company from their financial report also. They also don't have a strong financial position. I would be cautious at using any company with a Russian and Ukrainian directors....sorry Dutch and Ukraine Directors ca#"!.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Sadhu]

Thanks for your input guys - that's pretty much what I found myself, and yes, slightly worried about directors nai¤%

Maybe someone has had experience working with them ?


P.S. opened a personal account with them - the process was fairly smooth and within 10 minutes had my account fully verified. It seems they don't give you you own bank details, but you need to make requests for top-up and for receiving money into your account. So it's not that useful, maybe it's a different story with business account ?!

Last edited: Apr 7, 2020

 

[randomname11]

I think they mostly use CreditBLU for Rentacompany. I've tried their services and they work just fine. But this is not considered as a normal EMI.

 

[FinTech Avenger]

Worth noting you'd not have any financial protection in case of troubles - small payment institutions are not required to safeguard client funds on segregated accounts.

 

[randomname11]

Incorporator said:
Worth noting you'd not have any financial protection in case of troubles - small payment institutions are not required to safeguard client funds on segregated accounts.
Click to expand...

Nothing new in that...