Hi Everyone! First time poster here looking for some help dealing with Kapama in regards to a micro credit loan, from some general reading I see there is plenty familiarity with them here so I'll get straight to it.

I took out a loan with mini credit in 2012 for £100 and they're now trying to play their old trick of adding many charges on so I apparently owe them £1056.00. I don't believe that these charges are enforceable and I point blank refuse to pay them but they're charming debt manager refuses to back down on the issue. I've offered them the original loan sum, one months interest and the default charge (which from reading around the forums is all I have to pay them). After them messing me around for a couple of months they've finally agreed to post me a copy of their companies complaints policy so I can lodge an official complaint with them which I can then take to the FOS when they still refuse to take the charges off.

What I would like some help with is what I can write in my initial complaint letter to Kapama in order to have the charges removed. What are the grounds I can do this under?

If anyone could help me I'd be really grateful as I would love to stick two fingers up to them.

I should say I am prepared to go to court if necessary, and I've seen a few comments on this forum about the judge removing the charges in the court, but will a judge actually do this? Or would a judge force me to pay the whole amount?

OPOS and Kapama Wont do Court... I wouldnt worry about it.

Are these idiots based in Dumbarton?

I would ignore them completely and get on with your life.

Are these idiots based in Dumbarton?

 

I would ignore them completely and get on with your life.

Agree with this.

Thanks for the replies guys and this is a position I would love to take.

I wouldn't give them the option of doing court or not because I'd be filing against them.

I'm keen to get it sorted because we're saving for a mortgage now and our mortgage advisor is a family friend

and says we'll have to declare any unpaid debt whether it's on our credit report or not

so any advice on forcing their hand to do this properly would be appreciated!

If the debt doesnt appear on your CRA why would you have to declare it?

Taking court action again Kapama is a waste of time.

If the debt doesnt appear on your CRA why would you have to declare it?

Taking court action again Kapama is a waste of time.

We've been told that one of the questions in our mortgage interview would be whether we had any outstanding debt and that we'd be committing fraud if we didn't declare it, hence the motivation to pay what we owe.

Why would taking them to court be pointless?

If its not on your credit file, then stop worrying. If its vastly inflated with their charges then its an incorrect entry and should be removed.

basically if its not on your credit file, the mortgage company wont know about it.

Theyre a sham of a company and after a few letters will go away, providing you ignore them. You reply to them and they will mark you as gullible.

I ignored them for three years and they keep coming back.

It is still on my credit file, but will have hopefully dropped off by the time we go for a mortgage.

I don't just want to ignore them because I do want to pay what I owe, but I don't owe £1056! Haha

They keep coming back because they think youll respond if they threaten you, and right now, you are thinking of contacting and paying, so its working.

have they done anything bar send you stupid harassment letters? No. Why? because if they were stupid enough to go anywhere NEAR a court, the court would instantly pick up on those charges, refer the company to the FCA and theyd be closed down.

As for mortgages, prime lenders want a good 3-6 years of clear and solid history. If they see one historic entry of a pay day loan, or recent entry, theyll decline your application because thyell know you were in hardship and struggled to meet even your basic outgoings.

They keep coming back because they think youll respond if they threaten you, and right now, you are thinking of contacting and paying, so its working.

 

have they done anything bar send you stupid harassment letters? No. Why? because if they were stupid enough to go anywhere NEAR a court, the court would instantly pick up on those charges, refer the company to the FCA and theyd be closed down.

 

As for mortgages, prime lenders want a good 3-6 years of clear and solid history. If they see one historic entry of a pay day loan, or recent entry, theyll decline your application because thyell know you were in hardship and struggled to meet even your basic outgoings.

I'm aware of this which is why we're saving now read to put our application in during 2018 when my credit would have cleared, including this being removed from my CRA files!

Hope thats a couple years after its fallen off, because a prime lender wont lend to you if they see a historic or current entry. And you REALLY want to stay away from sub prime lenders.

Ren,

Just picking up on your comment above,

So if there are no defaults showing on you file how can they see historic events?

They can see more than they let on sometimes. Same as with a bank issuing a loan. They look for a few years of clear history. If you dont have that, then they can guess pretty accurately that you had recent issues that just dropped off your file.

Also, Kapama are micro credit. Ran by the same people, just another name.