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About dundeelaw

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  1. The FOS Ajudicator was keeping me updated and told me that they are all in discussion to stop Microcredit from dissolving the company. My complaint has been with the Ombudsman for 3 months now. They are now writing their Final Decision based on the evidence they have as Microcredit have not been forthcoming with information requested by the Ombudsman. I should hear within the next week or two. Fingers Crossed.
  2. Update: FOS in discussion with FCA about Microcredit Limited's Status. The company is still Active at Companies House and it looks as if they will stop any attempt to dissolve the company whilst complaints are ongoing.
  3. I am aware they are not obliged to write off the charges and interest, however, they cannot add anymore interest or charges after 4pm on December 10th. The Charges and Interest can still be challenged by customers with OPOS and Kapama Ltd
  4. I cannot find any information either that the companies are related. Different Trading and Registered Addresses, Different Director for each company. The only thing they have in common is their company start date of 2008. It may be that the Directors of the two companies know each other and have an agreement in place to passs on the debts, other than that, there is no other information to support they are the same company.
  5. All FOS Complaints regarding Microcredit Limited are being prioritised. I had this confirmed today as I also have a complaint in. The Ombudsman is already reviewing it and should have a decisionbefore the 29th December.
  6. They will only sell the debts to them and the other named DCA. No more Loans can be given out and all interest and charges are suspended. I expect other Payday Loan companies to follow suit by the end of the month in time for the new FCA Regulation which take effect from January 1st 2015 Good Riddance! to Microcredit Limited.
  7. Effective from 16:00 Wednesday 10th December 2014, Microcredit Limited have Ceased Trading as a Payday Loan Company. [ATTACH=CONFIG]54808[/ATTACH]
  8. The OP is correct. Mainstream Mortgage Lenders (High Street Banks, Reputable Mortgage Companies) will refuse you a Mortgage if you have taken out a Payday Loan. There are a few that may lend providing you have had no more than 2 Payday Loans. This is because they see you as someone who cannot manage their finances and cannot get a Personal Loan from a Bank and have resorted to high interest short term loans. It does not matter to them whether it was an emergency or not.
  9. Can you confirm where you are based so that I can look into getting you the information you need. Some will be relevant to scotland only so will need to leave that ou if you are based in England. Thanks.
  10. You should issue a counter-claim against them for the charges applied to your account. They do not have the money to pay for the High Priced Legal Advisors like the banks. Below are snippets from my Claim which I have not yet submitted as it would cost alot of money to pursue as it would either be held in the Ordinary Procedure due to the length of the claim or possibly through the Outer House of the Court o Session in Scotland. In 2005, they (The Banks) told the House of Commons Treasury Committee bank charges were "going to pay for all the people we have who pursue debt, collect debt
  11. SCM Solicitors are one of Lloyds In-house Debt Collection Solcitors. Don't worry about them. Check whether you just have Markers on Your Credit File or have received a Default Notice and Termination Notice in the post. If you have received both Notices, then they cannot add any charges at all (regardless of the amount) to your debt as there is no agreement for them to do so (THEY TERMINATED IT). Claim them all back. I used MCOL and they defended but paid out before it got to court. They know they will lose in court.
  12. Bank Charges are still reclaimable in court although it is a little more complicated. The Supreme Court case only ruled that the OFT could not carry out an investigation as to whether the charges were fair or not. A Judge in the Supreme Court case even confirmed that in a televison interview. Any person with a case that is stayed only has to apply to the court to amend their statement of claim (Particulars of claim). They can find useful information on this site or other helpful sites that are mentioned in these threads. eg Govan Law Center. I am about to take 2 banks to court soo
  13. This is maybe a bit late, but unfortunately, their calculations are correct. 30% of £220 = £66. 20% VAT of £220 = £44. £66+£44 = £110. They take 20% VAT on the £220 claimed and not the 30% of the claim.
  14. An 'AP' looks worse than a missed/late payment. When an "AP" is used, it signifies that you made an arrangement to pay "something" to them and not necessarily the full amount due, whereas, a Late/Missed Payment may just signify that the full monthly payment was late in reaching them. However, it would be unfair if there is both an AP Special Instruction on your file and marked as Late/Missed for the same month.
  15. the actual cost is £12.00 per quarter for the instant access. Not sure if you still get a free trial, but i think you get 30 days free just like the others.
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