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Found 18 results

  1. Hello All I have a Welcome Finance CCA which for one reason or another has been bought by MKRR. I CCA'd them last September, and they have sent me a copy of the front page of the agreement with no T&Cs, but the thing that is puzzling me is the figures stated on the agreement. They are as follows: Total amount of credit = 2945.43 Payment over 65 months APR = 20.80% AIR = 19.6% Total charge for credit = 1805.93 Monthly Payment = 73.07 Made up of Acceptance fee = 75.00 Interest Charge = 1728.93 All well and good, and I am no accountant, but I have work this out on several online loan calculators and got the same amount on each of them, which is different to that on the CCA. They are: Total amount of credit = 2945.43 Payment over 65 months AIR = 19.6% Monthly Payment 73.88 Total Repayable = 4802.43 There is also no total repayable on the credit agreement. My question is, is this CCA enforceable? I was under the impression that the figures given should be correct. Please help Total charge for cretid = 1857.00
  2. Hi All, Just finished writing my CCA request for HSBC (C/O MK Rapid Recoveries) - so fingers crossed that I get something back. I'll post my progress back here. All the best
  3. Hi all , I have a defaulted barclaycard account which was sold to MKRR recently, ouststanding balance about £4500. I have been passed from one dca to another over the number of years that i have had this account set up payment plans then things have happened so they havent been stuck to, it then goes quiet for a few months and then seems to get passed to different dca i have received 3 letters to date first 2 were to inform me that barclaycard have assigned and transferred my account to MKDP LLP etc the third one i received today from MKRR asking me to contact them to set up payment plan quite a nicley worded letter and very non-threatening actually ! Having read all the posts on MKRR im slighlty curious about exploring the possible loopholes that might be avaliable to me not really sure about what is the first letter to send to them and quite nervous about what is the impact of going down this route if it is unsuccessful
  4. Hi all In October 2009 I defaulted on an HSBC overdraft, £700 of which was charges, the other £700 ish the actual overdraft. They didn't get in touch until last year (I had previously looked in to a DRO but HSBC wouldnt confirm the details to me as it had been passed to a DCA, my circumstances then changed and I was able to negotiate the other debts I had at the time) The account was originally opened in 2005. I sent MKDP LLP a CCA request, they took a long time to respond and finally responded saying that the account was opened 'interpersonally' (whatever that means) and therefore no agreement was necessary? I've read elsewhere on the forum that pre-April 2007 CCA agreements are required or the debt is unenforcable, can anyone confirm? I now can't afford to pay this debt having exhausted my options previously; I'm begrudged to play ball with them / HSBC when there are so many charges on there and this could have been resolved years ago if they had given me the info I needed for a DRO!
  5. I took out an agreement with welcome finance in 2004 for a car that I needed for work. after a year I had to resign or the company told me I would be sacked. I was unemployed for almost a year & could not keep up with the payments. In the end we decided to refinance the agreement so I could make affordable payments. When the original loan was paid off I do not think that the PPI was refunded plus something called short fall insurance which I have no idea about. I believe that the ppi was miss-sold as I would not of agreed to it had I known that I could not claim if I was unemployed. Also they did not explain the PPI properly & as I had been kept waiting for a car for almost 8 hours I just wanted to get out of there. I may consider going to watchdog about these guys as they seem to be nothing more than loan sharks I now owe £7000 for a car worth about £1500. I will be very interested in knowing if it is legal to put a finance charge that amounts to 2/3ds of the worth of the vehicle. Also finance charges of £1300 on insurances that I did not ask for any help will be great as I want to get unhooked from these sharks many thanks Martyn
  6. Hi I received a call this morning from a company called MKRR asking about payment on an HSBC account. Never having had one suspicions were raised. I asked her what the debt was (credit card) how much (£1605.73) when it defaulted (14 January 2008) if that meant statute barred - no as payment of £30 was made in 2009 As I told her I had no knowledge of this debt I asked for proof of debt to be sent out - default notice and proof of last payment. She said the notice of assisgnment was proof of the debt but I wouldn't accept that as any company could send me a letter saying money is owed but that doesn't proove that said debt actually exists. She was also unable to give me proof of when/how last payment was made as it wasn't made to MKRR. The call ended with her saying statements will be posted out to me. Later on today the postman comes with a letter from MK Rapid Recoveries dated 11 February saying: "Further to our recent communication regarding transfer of ownership of your balance we have not received your offer of payment" Does this company just buy statute barred/near-barred debts? And am I right in believing that a notice of assignment is all the proof they need of a debt existing being a pile of poo?
  7. Hi all, I will get straight to the point. Back in May 2011 I started getting letters from Willen/MKRR concerning a debt owed to Nationwide. I didn't hear anything further from then until July 2011. responded by sending a statute barred letter. They duly responded by saying that they had been advised by Nationwide that a payment was applied to the account on 13th May 2005 and this was withdrawn on 20th May 2005 before the account was assigned to Roxburghe. replied by asking them to provide proof of the so called payment made, I didn't receive any proof from them at all. received a Final Notice letter in August 2011 to which I didn't bother to respond to. received a letter in October 2011 repeating what I was sent back in May 2011, once again I didn't bother to respond. Here we are in 2014 and now I have started getting letters from them again (4 so far) regarding this debt. So far I have not bothered to respond, should I carry on ignoring them? Regards Ian
  8. hi all just need a bit of advice being chased for a debt of 13k by mkrr for an old hsbc loan from 2006, no payment or acknowledgment has been made since jan 2007, there is no ccj against this debt and the default fell off my credit report jan this year am I right in thinking this debt is statute barred .
  9. Good morning I'm not sure about forum etiquette as I have already posted this on the Welcome thread but that doesn't seem to have much traffic from caggers so apologies if I haven't done the right thing. I was hoping to get some help with an old Welcome debt which was apparently bought by MKRR in 2010, I took out a £2000 loan in September 2007 and unfortunately only managed 2 payments. Welcome appeared on my credit file until recently but all payments recorded are not accurate it says I started paying in May 2007 with first late payment in July 2007 this before I even took the loan out.History also shows as various late payments of between 1 and 6 months from July 2007 to October 2009, I have definitely made no payment or contact since October 2007, I am 100% sure of that as I lost my job at that time amongst other things. In December 2009 the account shows at satisfied (no defaults) and then in January 2010 MKRR recorded it as a default. I have received varying letters from MKRR, Willen, Raven Recoveries and Keynes Collections since 2010, the most recent from Keynes looking very official with a notice of intended legal action in 14 days for the sum of £6,000. I have been looking through some of the other experiences on here and it seems that this has happened to quite a few people, some advice is to ignore as it’s statute barred but others advise to make contact in writing I want the default removed but didn’t want to make contact with mkrr without some advice first also if they wrongly believe that they have a judgement claim I want to try and stop action before I have to deal with the courts. Any help and next steps would be greatly appreciated.
  10. I was hoping to get some help with an old Welcome debt which was apparently bought by MKRR in 2010, I took out a £2000 loan in September 2007 and unfortunately only managed 2 payments. Welcome appeared on my credit file until recently but all payments recorded are not accurate it says I started paying in May 2007 with first late payment in July 2007 this before I even took the loan out.History also shows as various late payments of between 1 and 6 months from July 2007 to October 2009, I have definitely made no payment or contact since October 2007, I am 100% sure of that as I lost my job at that time amongst other things. In December 2009 the account shows at satisfied (no defaults) and then in January 2010 MKRR recorded it as a default. I have received varying letters from MKRR, Willen, Raven Recoveries and Keynes Collections since 2010, the most recent from Keynes looking very official with a notice of intended legal action in 14 days for the sum of £6,000. I have been looking through some of the other experiences on here and it seems that this has happened to quite a few people, some advice is to ignore as it’s statute barred but others advise to make contact in writing I want the default removed but didn’t want to make contact with mkrr without some advice first also if they wrongly believe that they have a judgement claim I want to try and stop action before I have to deal with the courts. Any help and next steps would be greatly appreciated.
  11. I received a letter stating that in 2010 debt was transferred to Social Direct recovery service in Aintree. I ignored it as I haven't any debt that isn't resolved. O now received a telephone call from MKRR saying would I give my name and address as identity proof, then they will share of what they are calling about. I didn't recognize this MKRR and so - as I am fed up with uninvited calls, emails and texts from financial services, I refused to give my details out over the phone to anyone. They said they could not verify who they are until I give them conformation of who i am. I became fed up with this game - so I suggested they write to me as I will not interact over the phone with this company. It was then that i realised that they may be something to do with this Social Direct letter stating that i owe then £210. I don't know of any money I owe an on-line store? I looked them up on google and saw that they sell things on-line. I do not know of any dealings i have had on-line. I only got a PC six months ago. Has anyone any ideas please? I have written to them saying I do not owe them money, and any future correspondence will be forwarded to my solicitor. Is this company bogus? Regards, Dave
  12. Hi, Just trying to get some advice on some accounts me and my husband hold. Husband had an account with HSBC. Account is years old, got into financial difficulty some years ago, was on reduced payments for a while but no longer making payments to the account and haven't for some years, not had any correspondence from anyone for at least 3 years but have moved house and not updated address. Account is no longer on credit file but is not statute barred. MKRR have now started writing asking to contact them to arrange repayment. Should we acknowledge, don't have the money to pay at the moment. Can anything be put back on the credit file now?? Thanks
  13. I'm continually getting calls from the phone number 03333 440629, can be three or four times a day, for a few days, then nothing for a couple of weeks, and then it starts again. I don't answer numbers that I don't recognise, I let them ring out and google them. This number appears to belong to MKRR. They've also used 01452 260079 just recently, after I mistakingly pressed re-dial. However, I've not (knowingly) spoken to them, and they have not contacted me by post - they mustn't have my current address - is there anyway I can get them to cease calling? Or in doing so, would I have to reveal my identity and address, and the lack of postal communication leads me to believe they don't have it.
  14. Hi CAGers, hope you are all well, I know it's been a while since my last post, but here goes... After nearly a year of silence from my 3 debtors, it seems one of the CC companies wasn't happy with me. The rough timeline is as follows: CAPQUEST was repeatedly badgering me for money owed to Barclaycard I requested a CCA by letter about a year ago (recorded and PO for £1 enclosed) Heard nothing after the legal period had passed, so sent follow up stating the account was now in dispute as no CCA had been sent to me. Then...bliss...at least for a while Now it seems even though I had requested the CCA and sent the letter of non-compliance, the debt has now been sold to some muppets going by the name MKRR Got a nice "friendly" letter from them a few weeks ago with a freephone number (refreshing), gave them a call and told them the account was in dispute and they were illegally contacting me. They kept badgering me for a reason of non payment (I wasn't going to humour them by telling them I was in a deep 3 year depression, broke and trying to "support" my wife and then-new-born kid) I told them I would not discuss such things on the phone and told them to stop contacting me. They told me they couldn't take me off their dialler system and i would continue to receive calls/letters I told them I had requested a CCA from the previous DCA which was never received and demanded that MKRR obtain this and leave me well alone. They said they would request the CCA (no letter to prove this mind you) but they would not put the collection on hold. At which point I told them that I would only converse via letter. Now....I have received this lovely (and familiar) FINAL NOTICE letter from MKRR (as attached) I have read through it and have those old feelings of anger and upset boiling back to the surface again. Where do I stand with this guys? I think they don't have a leg to stand on and are probably breaking some kind of law trying to chase me with the account in dispute, but I don't know this for certain. Thanks for any advice you are kind enough to offer me, P.
  15. I took a loan out back in 2004 via Welcome which I believed was paid off by 2006 and have moved several times since, including out of the country for a period of time due to work. For the last week I have been plagued by calls at work by MKRR trying to tell me I have a £4000 odd debt to be paid which I am of course not in a position to do. As I live in Scotland, debts are extinguished after five years, so even if I have, and I still dispute this, as unsettled Welcome debt, it should no longer be able to be pursued. I am loathe to entertain any discourse with this shower of yahoos but in order to find out what was going on I spoke to them to gain the salient facts which included them stating that there was a payment made in 2008, which is definitely not the case. Is there a history of this type of thing happening in that fake payments are made to keep an account active?
  16. Ok, another thread from me..... . I have an old Welcome Finance debt (2007/08) which was sold to MKDP LLP back in March 2010. I made a CA request which was ignored so put the account in dispute. Since then I have been bombarded with letters/phone calls from the above debt collectors. I've finally received a 'credit agreement' and some statements of account, and here is where it gets interesting... Firstly, the credit agreement does have my signature on it, but all of the figures and text including the terms & conditions are blurred and totally illegible, on that basis can I put the account in dispute stating that my s77/78 request has not been fulfilled?.... Secondly the statement of account caught my eye, as it's an original statement from Welcome Finance, and on it the last entry reads " date xx/xx/xx DEBT WRITTEN OFF.....BAL 0.00" with no mention on the statement of any sale of transfer of debt.. ...I have found through my old paperwork the Notice of Assignment from Welcome stating that "The effective owners of this account are MKDP LLP" and that this NOA is effective from date of receipt. The interesting thing is that the NOA is dated a week after the debt was written off on the loan statement, so have Welcome transferred this debt correctly?.... My initial view is that as the balance was written off and zero'd on an official loan statement a week before the binding date of the NOA then MKDP bought an account with a balance of zero so the debt does not exist?..... Once again, any thoughts and guidance would be very much appreciated
  17. Hello, please can anybody advise me? Any help would be greatly appreciated. Approx 5 and a half years ago I got a car on welcome finance and then after approx a year they repossessed the car from me for not making any payments for about 6 months. I know it was stupid but I was younger then and i have learnt a lot since then... I completely forgot about all of this as I haven;t heard from them since then but I have received a letter in the post this month from MK Rapid Recoveries: "Dear... Regardless of our attempts by telephone and letter we still have not received your offer of payment. Our team would like to discuss this outstanding balance...blah blah blah..." For a start this is the first communication I have had since the car was taken back! And they are saying in the letter that I owe them £7500. I have seen articles about debts being statute barred etc but I'm not sure if this would apply to me? I don't know what to do! Help please!
  18. Ok, in may 2007 i got a car through a garage the finance was provided by welcome car finance, I was told i must take out PPI at the time of sale though i can cancel it within one month. I Contacted welcome and they did nothing about it, Untill about 8 months later i refused to make any further payments. Welcome then made a new agreement minus the PPi, they refused to return the PPI i had paid, The new agreement was for the original amount, So they would not take in to account the money i had already paid on the original agreement, also the second agreement welcome alterd the date on it after i signed it. I refused to pay any further payments and told them to reposess the car, welcome said they had no further interest in the car. They then passed the debt to a company called MKRR, the debt collection company have added over £5000.00 in interest on the account, they also said they have no interest in the car either only the debt. The problem is the car is registerd on the HPI list as been on finance to Welcome so i am now stuck with the car, i can not sell it as its on HPi, in the meantime i have now informed MKRR this debt is now in dispute. Any help would be gratefully apreciated, i dont have a scanner so i can not upload the documents but i will give any information within reason to any one who can help me.
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