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Are speed credit anything to do with mini credit


Darren MO
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I was just wondering as i saw the term microlend

not as far as I can see

 

Speed credit are a trading name of

 

MCO Capital Ltd.

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are mini credit too?

 

Not as far as I can tell

Minicredit are a trading name of Microcredit ltd.

They also have another trading name: Minicashloans.Co.Uk

 

nothing to do with speedcredit

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Speed credit are owned by Toothfairy finance, who I've found to be the worst of a bad bunch.

 

Hi

Can you post up where you got this info from. No need for links as I can do that.

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http://www.consumeractiongroup.co.uk/forum/showthread.php?306836-toothfairy-payday-loan-unfair-treatment-and-threats/page5

 

Please see post #96 (20 Oct) and not the first I've seen TFF referenced to Speed Credit

just one of many wild hunches then?

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Hmm! interesting as on the OFT website they have censured Tooth Fairy for using too many names and upon checking the OFT CC Licence Speed Credit are not among the trading names used by the holding company CIM Technology

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Thats interesting then

Ahhh, just remembered where else I'm sure I've seen it!!!

 

Blog stated on Toothfairy by 'The Dentist' called Tackling the Toothfairy

Don't want to post anything up due to some of the nature given on it

Edited by asmilecostsnothing
add name site

Happy to share my experience but for your own protection, please check and double check what myself and other Caggers inform

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“Nothing in this world can take the place of persistence.”

 

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Toothfairy are Speed-E-Credit, not Speedcredit...

 

If you have a link to the website of Speed-E-Credit can you PM it to me. I can't seem to find it on google

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The website doesn't exist, this is one area the OFT are looking at, all these registered PDL companies claiming they are not trading and suddenly taking 'customers' to court.

 

A payday lender should only have one trading name per licence - that is one of the OFT's objectives, a specific licence covering payday lending.

 

You would be surprised how many PDL companies are registered simply as 'other business' on Companies House website!

 

I suspect there is a bit of the old 'phoenix' companies going on, get hold of a company name that hasn't traded for a couple of years, change it and then strip the assets bare and put it into administration/liquidation or close it down completely.

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ToothFairy (who have a Companies House registration in their own name as opposed to CIM Tech) have got about 20 trading names already and approx another 30 pending

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Which should be illegal, they should only have one company in the PDL field, otherwise it is a travesty, this does need to be communicated to MP Stella Creasy as quickly as possible, I am sure she can do something about this 'toothless' company bringing consumers into even more debt.

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