Mini Credit/Opos Charges

[discodanielle]

Hi,

 

So I have never done this kind of thing before so any advice is much appreciated.

 

Recently had a letter from Opos regarding they now own the debt that I have with Minicredit. I emailed Opos for a full breakdown of charges and they have came back:

 

Loan sum 250 £

Interest 377 £

Penalty 80 £

Attempt fee 645 £

Debt expenses 100 £

Total 1452 £

Balance 1167.5 £

 

Now this loan was taken out in 2011 so a while ago and understand this is when interest rates were a lot different from what they are now and I admit I haven't paid back.. I have paid back a total so far of £284.50 which has been various amounts between November 11-Feb 2012. My credit score apparently at the time was 45 which means not a lot to me but I know it was in a poor way and has not improved since!

 

Does anyone know if I am able to request Opos to write off some/all of this debt as personally I believe the other fees are ridiculous and not even sure what some of them mean.. i.e debt expenses. How would I go about wording this to them, is there a template or something or does anyone have any previous experience in doing this?

 

I don't mind paying back the loan sum & Interest as I accept I did have the loan and have already paid back £284.50 but the rest seems pretty steep - I have now included this debt on to my DMP that I have just begun with step change too.

 

Thanks in advance

 

Danielle

[renegadeimp]

Penalty 80 £

Attempt fee 645 £

Debt expenses 100 £

 

All unenforceable penalty charges. Opos are minimuppets, just a different desk. Challenge them and theyll knock all those charges off it. Work off the basis that you only owe the original loan amount plus original contracted interest, minus what you have already paid.. Then IF you have any rollovers, you can work those out.

 

Just remember. Dont include the debt until those charges are wiped. Stepchange wont challenge them. Theyll just take it as that is what you actually owe.

[discodanielle]

Thank you very much.

 

I will starting drafting an email tonight and see what they come back with!