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Readybrek

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  1. This topic was closed on 2019-03-08. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group
  2. This topic was closed on 2019-03-08. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group
  3. they used to charge me £30 for sending back a £2 cheque etc etc
  4. I opened an account in sept 2009 and everything going fine until they started hitting me with charges and finally closing the account in march 2011. My question is that I have just found the welcome pack sent from them, and noticed in there term and conditions sent with the pack that it says they will charge me if i go in a unauthorized overdraft or dd/cheques are returned but there is no mention of what they will charge. I thought that they will have to tell you their charges and if this correct can i reclaim my charges back due to them not informing me of the exact amount. Many thanks for looking and take care all of you.
  5. What if the debt does not show on credit file as also got Lucas chasing me for a debt that does not definetly show on file
  6. Do not go to co-op bank worst ****es i have dealt with you have been warned.
  7. I thought the agreement should state how mh I actually borrowed and actual interest payable as well as a total amount.
  8. Here goes this is the contract they sent to me by email and what appears on the account on their website. I have took my personal details out, I honestly think it is illegal but I am sure somebody will tell me. On the website it tells me I borrowed 250 but not a separate amount for the interest or an overall total. CREDIT AGREEMENT REGULATED BY THE CONSUMER CREDIT ACT 1974 This Agreement is made on the terms and conditions set out below The Parties to this agreement are the Creditor: MICROCREDIT LIMITED ('us'), of 30 Borough High Street, London SE1 1XU, or contact us at http://www.minicredit.co.uk/contact. and the Customer ('you') named below. Full name: Address: Email: KEY FINANCIAL INFORMATION Credit Limit: £1500.00 Each time you borrow from us, you must make one repayment, which is to be made 1 to 42 days after the day on which you receive the loan from us. The amount of your repayment depends upon the amount you borrow from us. If you make your required repayment, there will be no other repayments you will need to make. We may vary the amount of your repayment and your repayment date, on written notice, to reflect any extension of the due date for repayment. *APR: 4144% pa *APR is the total cost of the credit to you including all interest, fees and charges, expressed as an annual percentage of the amount of credit granted. OTHER FINANCIAL INFORMATION Total Charge for Credit: The 'Total Charge' for Credit depends upon the amount you borrow from us. The following shows the total Charge for Credit you will pay for the different amounts that you can borrow what depends of loan amounts: 1) Interest charges: 1% per day of loan amount. 2) Fast Advance Transmission Fee £19.50, repayable in advance (optional). 3) Loan request charge £1 if made by text message, online request is free. 4) Subsequent repeated online requests maybe chargeable if previous one declined. Advance payments: £0.01 (being an initial registration fee which is payable once only) The 'Total Charge' for the Credit shown above is the only charge and there are no other charges for the Credit under this Agreement. The 'Total Charge' for the Credit is made up of the following parts: Interest charges 1% per day depending on how much you borrow; and Loan request fee of £1.00 (payable each time you borrow an amount from us under this Agreement by text message, first online request is free) and Fast Advance Transmission Fee £19.50, repayable in advance (optional). Fast Advance Transmission fee is applicable to all loan applications if not notified in written form at least three days before sending loan application. If your bank account you have provided does not support faster payments scheme we may still charge £19.50 Fast Advance Transmission and handling Fee £19.50. Rate of interest on the Credit to be provided under this Agreement: 365% The rate of interest on the Credit to be provided under this Agreement is fixed. Interest charges have been pre-computed at the commencement of this Agreement. Interest charges are applied and calculated under this Agreement on the date which repayment falls due, being 1 to 42 days after the day on which you receive each amount borrowed under this Agreement. KEY INFORMATION If you break this Agreement, we will charge you if we unsuccessfully attempt to obtain repayment on the due date for repayment. A fee of £25 will be charged on the day that your missed payment was due. If we unsuccessfully attempt to obtain repayment on the due date, we will attempt to obtain repayment a second time 2 days later, and if we unsuccessfully attempt to obtain repayment on this second occasion we will charge you a further amount of £55. If we unsuccessfully attempt to obtain repayment we may charge up to £5. If we unsuccessfully attempt to obtain repayment 30 (thirty) days after the due date we may charge further £100 manual debt collection recovery fee. Interest on any sum in arrears will be charged at the contractual rate, both before and after judgment, until payment. Also, you must pay us all other reasonable costs and expenses we incur (including any legal costs on a full indemnity basis) in tracing you, or enforcing, or attempting to enforce, our rights under this Agreement. MISSING PAYMENTS Missing payments could have severe consequences and make obtaining credit more difficult. IMPORTANT - YOU SHOULD READ THIS CAREFULLY ABOUT YOUR RIGHTS The Consumer Credit Act 1974 lays down certain requirements for your protection which should have been completed when the agreement was made. If they were not, we cannot enforce the agreement without getting a court order. The Act also gives you a number of rights. You can settle this Agreement at any time by giving notice in writing and paying off the amount you owe under this Agreement. If you would like to know more about your rights under the Act, contact either your local Trading Standards Department or your nearest Citizens' Advice Bureau. This is a Credit Agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legally bound by its terms. This Credit Agreement can only be signed by you electronically. Once you have done so, we will send a pdf copy of the agreement to the e-mail address you have nominated and agreed we can use to send documents to you under this Agreement. IMPORTANT - USE OF YOUR INFORMATION You have a right to know how we will use your personal information. It is important that you should read clause 14 overleaf entitled 'Use of Your Information' before you sign. We may send you information about products of ours and others which may be of interest to you. We may pass your details to other selected businesses to send you information about their products. You have a right at any time to stop us from contacting you or giving your details to others for these purposes. You may write to us at 30 Borough High Street, London SE1 1XU, or contact us at http://www.minicredit.co.uk/contact if you wish us to stop. LOAN CONDITIONS Application of these Loan Conditions 1. These Loan Conditions will apply to the Credit Agreement entered into by you and us ('the Agreement'). Warranty 2. You warrant that you are at least 18 years old and that the information provided by you to us prior to entering into this Agreement is correct and you authorise us to undertake such investigation or enquiry about you that we may wish to make. Also you warrant that the bank account and the card details you provided during the registration process are registered on your name and address. Registration and PIN 3. When you register and apply with us ('Registration'), we will, at our discretion, provide you with a unique Personal Identification Number ('PIN') which is personal to you and which will enable you to make a request to us to borrow the sum from £30.00 to £1500.00 from us ('Request'). 4. Registration costs the sum of £0.01. This sum shall be paid by debit card. This sum reflects the administrative costs we incur in processing your Registration. As such, this Registration cost is nonrefundable, regardless of whether you make a Request subsequent to Registration. However if you cancel this Agreement in accordance with the Financial Services (Distance Marketing) Regulations 2004 (see paragraphs 13 to 15 below), we will refund this Registration cost. Request 5. Upon receiving a Request from you, we will, at our discretion, loan you the sum you have requested by crediting your bank account, using the bank account details you provided to us during Registration. To make a Request you need to send us a text message from the mobile phone number you provided to us during Registration and in accordance with the Request instructions published on our website, http://www.minicredit.co.uk ('our website') from time to time. Alternative request can be done online during registration and from secure client account by logging in at our website. If we decline first request then subsequent request may incur charge up to £2.50. All other service charges are published on our website and/or secure client account. One Loan at a Time Only 6. We will only loan you one amount, of up to £1500.00, at any one time. Once you repay a loan in full (together with payment in full of any other amounts you owe under this Agreement), you can make another Request and we will, at our discretion, loan you a further amount of up to £1500.00 on the same terms. Loan extensions 7. Repayment of each loan and interest at the contractual rate is due 1 to 42 days after the day you receive the loan in your account. At our discretion you can extend any given due date for repayment by making an extension request ('Extension Request'). An Extension Request must be: (i) in accordance with the Extension Request instructions and fees published on our website from time to time; and (ii) received by us no later than one day prior to the relevant due date for repayment. Repayment, Default and Recovery 8. You agree to make all payments to us under this Agreement at the proper time. We will collect payments by debiting your bank account using the debit card details you have registered with us up to three times per day. You authorise us to debit your bank account to collect payments due under this Agreement. If we are unsuccessful in collecting payment, we may try to debit your bank account again at a later stage until we have successfully collected payment. If you have provided us with details of a second debit card and we are unsuccessful in collecting payment from the first debit card, you authorise us to seek payment via the second debit card in the same way as you authorise us to seek payment via the first debit card. You must give us new valid debit card details when you cancel, lose or your debit card(s) registered with us become(s) invalid when you have unpaid loan with us. If you cancel your debit card registered with us and do not provide alternative debit card in 14 days we may add all the default charges described in the Key Information and potential attempt fees regularly charged until default date what is 120 days after the due date to your loan balance and refer your account immediately to our debt recovery partner. 9. If you fail to make any payment by the due date, we may, after serving any default notice required by law and after the period for remedying any default has passed, end this Agreement. In such cases, you must pay any balance of the amount you owe us under this Agreement. 10. Interest on any sum in arrears will be charged at the contractual rate, both before and after judgment, until payment. Also, you must pay us all other reasonable costs and expenses we incur (including any legal costs on a full indemnity basis) in tracing you, or enforcing, or attempting to enforce, our rights under this Agreement. Cancellation 11. You have the right to cancel this Agreement under the Financial Services (Distance Marketing) Regulations 2004 ('the Distance Regulations'). You will have 14 days from the date this Agreement is made to cancel the Agreement 'the Cancellation Period'). The Cancellation Period commences on the day that you receive an electronic copy of this Agreement at the e-mail address provided by you, which you agree we may deliver this Agreement to in electronic pdf form. If you wish to cancel this Agreement, please write to [email protected] and tell us that you wish to cancel. You may also give us notice of cancellation by: http://www.minicredit.co.uk/contact (i) leaving a written cancellation notice, addressed to us, at our address; (ii) posting a written cancellation notice, addressed to us, to our address; or (iii) sending a written cancellation notice to us by facsimile on 020 7138 2919. 12. If you cancel this Agreement, this Agreement will be terminated at the time which your cancellation notice is given, however you will have to repay any money lent to you as soon as possible and in any event not later than 30 calendar days of giving us notice of cancellation. Where you have borrowed money from us and you cancel this Agreement, we may charge you £1.00 per day for every £100.00 you have borrowed from us, with such charge commencing on the day that you receive the relevant £100.00 from us and ending on the day your cancellation notice is given. 13. Apart from your right to cancel the Agreement under the Distance Regulations, described above, there is no other right of cancellation. If you do not exercise your right to cancel under the Distance Regulations, you will be bound by the terms of the Agreement. Use of Your Information 14. In considering your application we will search your record at credit reference agencies. They will add to your record details of our search and your application and this will be seen by other organisations that make searches. Information held about you by the credit reference agencies may already be linked to records relating to one or more of your partners. For the purposes of this application you may be treated as financially linked and your application will be assessed with reference to any 'associated' records. We will use a credit scoring or other automated decision making system when assessing your application. We will also add to your record with the credit reference agencies details of your agreement with us any default or failure to keep to its terms and any change of address you fail to tell us about where a payment is overdue. It is important that you give us accurate information. We will check your details with fraud prevention agencies and if you give us false or inaccurate information and we suspect fraud, we will record this. These records will be shared with other organisations and used by us and them to: · Help make decisions about credit and credit related services such as insurance for you and members of your household; · Race debtors, recover debt, prevent money laundering and fraud, and to manage your accounts. For these purposes we or they make further searches. Although these searches will be added to your record, they will not be shared with others. We may also use information about you to carry out market research. Fraud prevention agency records will also be shared with other organisations to help make decisions on motor, household, credit, life and other insurance proposals and insurance claims, for you and members of your household. Please contact us at (http://www.minicredit.co.uk/contact) if you want to have details of those credit reference and fraud prevention agencies from whom we obtain and to whom we pass information about you. You have a legal right to these details. You have a right to receive a copy of the information we hold about you if you apply in writing. A fee will be payable. General 15. No relaxation or indulgence granted by us shall affect our rights under this Agreement. 16. You will notify us if you change address. 17. We may assign our rights and obligations under this Agreement. 18. You may not assign your rights and obligations under this Agreement without our prior written consent. 19. We are a Data Controller for the purposes of the Data Protection Act 1998. We draw your attention to our Privacy Policy which explains how we use any information you provide to us during your use of our website. 20. Any notices given to you in relation to this Agreement shall be sent via by e-mail to the e-mail address you have provided to us during Registration ('your e-mail address'). You agree that we may send a copy of this Agreement in pdf form, as well as any notices given to you in relation to this Agreement, to your e-mail address. At our discretion, we may also serve any notice or demand on you personally, or leave it or send it by prepaid envelope addressed to you at your last known address. You may serve any written notices on us by first class post to our registered address or contact us at http://www.minicredit.co.uk/contact 21. Any waiver by either party of a breach of any provision of these Loan Conditions and/or this Agreement shall not be considered to be a waiver of any subsequent breach of the same, or any other, provision. 22. A person who is not a party to this Agreement has no right to benefit under or to enforce any term of this Agreement. 23. This Agreement is governed by English Law.
  9. I cannot remember what the interest was and their website says 250, I have copied some of the agreement for you too look at as the credit agreement does not actually say. CREDIT AGREEMENT REGULATED BY THE CONSUMER CREDIT ACT 1974 This Agreement is made on the terms and conditions set out below The Parties to this agreement are the Creditor: MICROCREDIT LIMITED ('us'), of 30 Borough High Street, London SE1 1XU, or contact us at http://www.minicredit.co.uk/contact. and the Customer ('you') named below. Full name: KEY FINANCIAL INFORMATION Credit Limit: £1500.00 Each time you borrow from us, you must make one repayment, which is to be made 1 to 42 days after the day on which you receive the loan from us. The amount of your repayment depends upon the amount you borrow from us. If you make your required repayment, there will be no other repayments you will need to make. We may vary the amount of your repayment and your repayment date, on written notice, to reflect any extension of the due date for repayment. *APR: 4144% pa *APR is the total cost of the credit to you including all interest, fees and charges, expressed as an annual percentage of the amount of credit granted. OTHER FINANCIAL INFORMATION Total Charge for Credit: The 'Total Charge' for Credit depends upon the amount you b
  10. On my account it says I borrowed 250 but the orginal contract does not state what I actually borrowed just my credit limit was 1500. I seem to owe over 1300 surely the agreement should have stated how much i orginally borrowed.
  11. Do these people exist as cannot find any information on them . Asked A & L for copy of the agreement for the current account to prove they we had taken out an overdraft they just sent me the signed part of the account application with my signatures on and no mention of any overdraft.
  12. I am in court Friday and will post any developments then.
  13. Just listen to everybody on here. Do not lose sleep and do not pay them anything I would love to meet them in person, maybe a day trip to their office is on the cards could beat skeggie.
  14. A friend of mine recently got a ticket due to being 10 minutes over on the street parking. She arrived at her car same time as parking warden and he proceeded to issue a ticket while silly her decided to argue. She was late due to work and rushed out and like I said above a parking warden got their same time and would not listen and proceeded with the ticket. Does anybody think she has a chance if she appweals against it or is she best to pay up.
  15. Not received anything by recorded delivery. I have posted a letter to the court explaining the facts on this case and asked to see if it legal on what they are doing and awaiting reply from court. I will post letter I sent in later when at home. Thank You for your reply and will keep you informed.
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