MMF chasing 2012 the Lone Store PDL - help

[ginola14]

Hi all,

 

I hope you get this sorted lolavix.

 

I have been receiving similar threats to yourselves, only just recently they have come back being quite aggressive with their collection plan. Two emails and two letters a week for the past month.

 

Motormile claim they are collecting on a loan they purchased from The Loan Store in 2012

- can they default on this if they are not the original lender?

 

Should I be worried regarding this,

I was stupid in the past but have had a clean credit history for the past 5 years and don't want this coming back to haunt me.

 

It is only around a £300 debt but I don't want to pay them off due to the principle really.

 

As an aside (new here not sure where to post?)

 

I have recently had BPO Collections and now United Kash sending me the below

- the original lender was Payday UK/Tooth Fairy/NDR/MArshall Hoares

- the loan was for a few hundred pounds and now sits at a lovely £4500+.

"

This letter has been sent to you in respect to an outstanding amount due, originally issued by MCO Capital Limited (Trading as PayCheckCredit).

 

We assume that this matter is an oversight on your behalf and request that you call United Kash and pay the amount due £4,000

 

If you wish to get into contact to discuss your loan, please call United Kash Limited on 01473372210 or email customerservice@unitedkash

 

If you are experiencing financial difficulties we urge you to contact us so that we can gain an understanding of your current situation and consider the most appropriate action to take. We have suspended further action until next week and look forward to receiving your payment in full or a re-payment proposal from you by 17/08/16.

 

Yours faithfully

 

-------------------------------

 

Christopher Prime

 

United Kash Limited

 

United Kash Limited is authorized and regulated by the Financial Conduct Authority in relation to Consumer Credit Activities and Debt Collection. It is registered on the Financial Services Register under Interim Permission number 672388. It is registered in England and Wales with Company Registration Number 06890816. Its Office: Office 21, Epsilon Business Centre, West Road, Ransomes Euro Park, Ipswich Suffolk IP3 9FL. "

 

Should I be worried about this or not?

 

Thanks

[obiter dictum]

I do not normally say this Ginola

but with motormouth i would simply ignore them.

 

 

If you phone them then you are on the hook.

Only the original creditor can default you but watch your step.

 

 

I had an old payday loan this lot were chasing.

They defaulted the day they were assigned the debt, not the creditor.

 

 

They also recorded it as a student loan rather than a payday loan.

This is how unprofessional bottom feeder they really are

 

You do not want to be phoning them and acknowledge the loan as it will be almost statute barred

Edited August 9, 2016 by obiter dictum

[dx100uk]

ive created your own thread for you.

 

ignore both of them

 

I assume that the old loans have defaulted and gone from your file already?

 

MMF are toothless threat mongers only

[ginola14]

Thanks for moving this and your response,

 

I don't believe either of them have ever actually defaulted which is where my query lies with MMF.

 

Are they likely to try and default it in 2016 leaving me without a hope of a mortgage for another 6 years?

 

The other one has been sold and fees added countless times in the past 5 years

so I am not worried as I know there's not a hope in hell that'll stand up.

[dx100uk]

so there is no default from the OC to date?

 

 

dx

[ginola14]

Nothing on my credit reports on checkmyfile or noddle, I have an old Equifax at home which it may be on (I'm 90% sure it wasn't) - does this mean they could place one on there now?

[dx100uk]

they cant send or register a default notice no

but they might well try and enter D's in the monthly summary.

 

but they can easily be dealt with if they do.

 

strange to OC never defaulted you?

before they sold the debt on ?

 

or did they go bust like so many PDL co's?

[ginola14]

Checked current and historic credit reports on there nothing at all. Odd.

 

OC never defaulted, not sure if the loans dodgy fees and aggressive collection strategy might be a factor in this?

 

Think I'm going to ignore it all and then raise it with the relevant authorities if they go down the default or credit report route?

[ginola14]

Hello again,

 

Sorry to bring up an older thread - looking at moneyadviceservice and other similar forums to this I've seen a few examples of MMF defaulting people years and years after they purchased the debt.

 

This debt was sold to MMR from The Loan Store in 2012.

 

 

I'm just wondering if I should pay them off (it pains me to do so).

 

 

The money isn't really an issue it's just that they've hounded me for years

and I don't want them defaulting me just as I'm buliding up a good credit history and am completely debt free?

 

Any advice would be welcome.

[dx100uk]

they cant and if they do

you complain to the ICO

 

 

they have already been fined for doing this by the FCA anyway

 

 

stop panicking ..

 

 

dx

[ginola14]

Thanks dx, I know I really should stop worrying. They haven't emailed for a few weeks (after sending one every 6 days for a 6 week period).

 

Thanks again for your help.