Foreign Exchange Reviews
First Solution Money Transfers
By reviews Last updated: 24th June 2011
We all hear about bad foreign exchange companies well First Solution is one of them.
People lost thousands of pounds when sending funds abroad in the collapse of First Solution Money Transfer Ltd.
The sudden closure of First Solution Money Transfer Ltd on 28th June 2007 was a major blow to the UK Bangladeshi community which used it to send money to relatives in Bangladesh.
Since then, some of the former agents and branch staff of First Solution, who have been working silently but relentlessly for the last few months on a corporate recovery package to resolve this situation and reach a position whereby all creditors can be paid.
It is hoped that £950,000 to £1.2m will be available to creditors as part of this rescue package. This will be made up of capital investments by the new owners, voluntary commitment from the previous directors and funds realised from sales of assets by the Official Receiver.
IF you lost money using first solutions let us know if they made good on their promise to refund everyone their money?
Due to the new regulations by the FSA this should not happen again.
| Overall Rating | No Ratings |
| Customer Support | No Ratings |
| Charges & Fees | No Ratings |
| Value for Money | No Ratings |
Related articles
Foreign Exchange Rates
More Financial Services
CURRENCY TRANSFER COMPANIES
Axia FX Review AXIA FX FOREIGN EXCHANGE REVIEW
More information about Axia FX Currency Exchange
Axia Fx are a Foreign
Currencies Direct Review CURRENCIES DIRECT REVIEW
More information about Currencies Direct Money Transfer
Currencies Direct guarantees to
International Foreign Exchange – IFX INTERNATIONAL FOREIGN EXCHANGE REVIEW
More information about International Foreign Exchange Brokers
International Foreign Exchange also known as
Global Currency Exchange Network Review GLOBAL CURRENCY EXCHANGE NETWORK REVIEW
More information about Global Currency Exchange Network
Global Currency Exchange Network also
The FX Firm Review The FX Firm are a foreign exchange company, providing a currency transaction services to individuals
Santander Exchange Rates SANTANDER BANK FOREIGN EXCHANGE REVIEW
More information about sending payment overseas with Santander
Santander offer two options for
Western Union Review Western Union have over 370,000 Agent locations worldwide in over 200 countries, millions of people
Chequepoint Review Chequepoint started in 1974 and since then has grown in to a large organisation covering
Remittance
Barclays Foreign Exchange BARCLAYS BANK FOREIGN EXCHANGE REVIEW
More information about Barclays Currency Transfers
Barclays website does not offer live
Xoom Money Transfers Review Xoom offer an alternative to using Western Union.Xoom.com are a US based company that offer
