indebt00 - help with minicredit please

[indebt00]

i tried to put my loan date forward which i was not able to do to do even though i did have the choice because minicredit did not let me. i sent them a email saying this but i recieved this reply

 

All our customers have the option to apply for the roll over. You have applied twice and due to that 65pound; and 5.50 was debited twice when You applied. Your current credit reference did not allow our system to issue the roll over.

> MiniCredit does not freeze the balance. All the overdue charges will be added until we receive the full payment from You according to the Loan agreement.

> Please log in to Your MiniCredit.co.uk account and use the repayment possibility 24/7.

>  

>

>

> Kind regards

> MiniCredit.co.uk

> Client Support Team

 

 

 

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Please isit possible to agree with some sort of repayment arrangement with me as i am unable to pay the outstanding balance alltogether, but i am

NOT refusing to pay my debt off to you. please would it also be possible to freeze any interest/ charges on my account so i can start paying my debt off as soon as possible. If you carry on with increasing interest charges/any other charges it will be very difficult for me to finish my debt off to you which you are owed to. So please again can i request you to please help me in this hard time, i hope your reply will be of satisfaction. thankyou

 

 

so i sent them the email above. i had a loan of £100 which i took at the begining of may and is now over

400 pounds and says debt collection. i do not understand how they have chrged me so much??????? ive sent emails but they have not gave me proper response and now i do not know what to do

[maroondevo52]

Hello and Welcome,

 

I've moved this thread to the appropriate Forum.

 

Regards.

 

Scott.

[indebt00]

i also sent a email saying a doorstep debt collector would not be welcome and i need to give permission for that and asked for the details of there debt collectors so i could arrange a repayment, i got this reply what does this mean??????? thankyou xxxxx

 

 

MiniCredit does not use third party debt collection agencies and we do not provide payment plans.

All the charges and interest will be added until full repayment and the account should be cleared within 90 days from the due date to avoid legal action.

 

We accept partly payments You make on Your MiniCredit.co.uk account, but we do not offer payment plans and freeze the balance.

 

All payments have to be made by a debit card according to the Loan Agreement. The possibility to make payments using a different debit card once only is provided on Your MiniCredit.co.uk account.

 

We will postpone the visit of the doorstep collector (each visit costs £100) for another 30 days and so on after every partly payment, but the loan should be cleared by the 90th day overdue.

 

& nbsp;

 

 

Kind regards

MiniCredit.co.uk

Client Support Team

[dx100uk]

i'd do some reeading in this forum....

 

dont give 'em card or bank numbers EVER

 

and £100 for a doorstepper...who do they think they are!!!

 

 

dx

[indebt00]

they dont listen to anything and there replies are no use!!!!!!!

[indebt00]

Hiya all, i had a loan with minicredit for £100 (at the begining of may) and now its nearly £500. im asking for a repayment plan but there refusing an sending threatning emails/letters, anyone have any ideas?????.....also does anyone no about capitalfinance as there unwilling to help too!!!!!!! thanks xxx

[MARTIN3030]

Can you say why it is now 500?

And what is the issues with Capital Finance ?

[MARTIN3030]

2 threads merged-please keep to one thread.

[ihateyes]

You need to offer realistic repayment plans...... email them everyday til they budge.

You should only pay your loan + 1mths interest.

 

if they dont accept at start... keep the money aside...... meaning if the accept 3 mths down the line you have 3 mths orth to pay, and 3mths closer to getting rid of these vultures.

[MARTIN3030]

These £100 doorstep visit charges are a penalty charge.

They should be reported to Consumer Direct.

[MARTIN3030]

Maybe they dont employ debt collection agencies,,,but they DO hold a Consumer Credit licence and are required to follow OFT guidelines.

 

Current Applicant / Licensee:

 

Business NameCompany Registration Number Microcredit Limited06677980

 

Categories:

 

Consumer credit

 

Right To Canvass Off Trade Premises:No

 

 

Trading Name(s) (Current):

 

Minicashloans.Co.Uk MiniCredit.co.uk

 

Trading Name(s) (Historic):

 

Mobileloans.eu

 

Issued Date: 05-Nov-2008

Date Maintenance Payment Due: 04-Nov-2013

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Current Individuals that run the organisation:

 

NamePosition Andres Valdmann Kristjan Valdmann

 

Nature of Business:

 

Cheque Cashing Services

 

Current Address(es):

 

Address TypeAddress Correspondence30, BOROUGH HIGH STREET, LONDON, SE1 1XU Principal Place Of Business30, BOROUGH HIGH STREET, LONDON, SE1 1XU Registered Office30 Borough High Street, Borough High Street, London, Greater London, SE1 1XU, Uk

[MARTIN3030]

MiniCredit does not use third party debt collection agencies and we do not provide payment plans.

 

Right To Canvass Off Trade Premises:No

[MARTIN3030]

I also note they display the CCTA on their website.

Now as far as I am aware they should be seen to be upholding the codes of practice of the CCTA-which appears quite descriptive to me.

Failing to uphold a recognised code of practice is I think a breach of the 2008 Consumer Protection from Unfair Trading regulations.

[indebt00]

i owe nealy 500 to minicredit because of all the interest and charges the have put on and they are not agreeing to a repayment plan i dont know what to do. I owe 300 (25 pounds daily interest) and they are not agreeing to a repayment plan either instead asking me to borrow money!!!!! Xx

[MARTIN3030]

Are you saying they are charging you £25 per day ?????

And have they actually put this in writing about borrowing more ?

Can you give some more details about this please ?

[indebt00]

sorry i meant i owe capitalfinance 300 etc and they are asking me to borrow money off someone to repay the loan, they have charged 25 pounds nearly evryday and are saying charges

will continue as they do not provide repayment plans and are not willing to accept any plan.

[MARTIN3030]

Ah yes Capital Finance 1

Also trade as;

 

Money Resolve Payday Advanced Payday Credit Payday First

[indebt00]

do they evantually agree to repayment plans with persuation??????

[MARTIN3030]

http://www.oft.gov.uk/news-and-updates/press/2010/142-10

[MARTIN3030]

The OFT regards demands for payments that deny people money to pay other priority debts or living expenses is not on.

Irrespective of what the original agreement states,they should not be denying you a repayment plan that you can afford.

Neither should they be adding excessive fees and charges.

If they assume because the Banks won their case on this against the OFT,it gives them a green light to do the same,they are wrong.

[dx100uk]

also the bit aboutborrowing from a freind is OTT too

 

i'd get reclaiming on the muppets

 

£25 a day charges!!

who do they think they are???

 

dx

[Delboy01]

Hmmn reclaim the charges ??? Hmmn Would it work. Could one take minicredit to court re their charges (small claims) even if minicredit has taken one to court and stalling it before it gets to the judge.

[MARTIN3030]

The way you would approach it if they have taken to Court is to counterclaim for charges plus interest.

Otherwise submit a letter before action demanding repayment with interest or take them to Court if they wont.

[indebt00]

minicredit still have not agreed to a repayment paln and are adding charges everyday, i dont understand how they expect people to repay them if all they do is add charges!!!!! and capital finance are no good too and dont accept repayment plans and add charges, everytime i offer a repayment plan they threaten me with door to door debt collectors etc and when i tell them how it is, i get a response from a different agent which makes me go back to square 1!!!!!

[Delboy01]

Martin, I havnt paid any charges, it is charges they are claiming in court, so slightly different. I think I need advice on this. We need to see some of these payday loan companies actually go to court?? Set a precedent???