Hi, I to am a newly registered user on here and i have also had problems with Minicredit. I borrowed £100 for which they charged me £20 to put it into my account. I missed the payment date and tried to set up a payment plan with them because I was overstretched financially that month, and they refused to help. They kept raiding my bank account and taking £25 per day from it getting me into a right mess with the bank, because it was putting me into an overdraft situation, a facility I do not have with my bank at the moment.
When I asked them to stop doing this they refused, and said it was their right to take this money. I challenged this through my bank via the complaints process and got £50 of the money back. Minicredit then said I had committed fraud and were going to take me to court.
The next thing I had was a call from OPOS Ltd. saying I have been handed to them by Minicredit and that I owed £875 and that my payment plan was £50 .75 per month which I have been paying for the last few months.
It strikes me that Minicredit are in the business of ripping people off and acting very unfairly with their exorbitant charges. I think they should be investigated by the Government, and a stop put to this unlawful practice.
When people borrow money from these payday loan companies you do it knowing that you will pay a higher charge when it is paid back, but Minicredit are just ripping people off with charges that go beyond the norm. £750 on what turned out to be and in the end a loan of only £80 and not £100 as requested is nothing more than a rip-off.
Anyone else had similar experiences with this company. I would be interested to hear how you handled it because I am still trying to pay this back.