Minicredit -advice please

[Delboy01]

Update. Have heard nothing, nearly 3 months since We received the Court summons.

[ALI2021]

Hi I also have same problem with mini credit do they actually take you court... Please help it's worrying me as the balance is just increasing day by and just can't afford to pay these ridiculous amounts of interest.. Making partial payments

[roxy2010]

Dear ALI2021

 

I stupidly took a pay day loan out with these horrible people. The loan was for £100 I told them that I couldnt afford to pay them as my partner had been laid off due to the weather at the beginning of the year. In the space of four weeks it had gone up to over £500. I have paid them £200 already keep getting threatening letters telling me doorstep colectors will be attending as yet no one has turned up I have emailed them several times and told them to send me court papers and I will be happy to tell the Judge how my loan went from £100 to £500 in the space of four weeks.

[ALI2021]

Hi Roxy,

 

I offered them 200 as final settlement figure which is with 2 months interest and they said call them at the end of the month to see if it can be settled... but not sure if they will settle it as they might just take it and add further charges... what you guys think?

[ALI2021]

All just settle this account with them owed them 402 and settled it with 200.. SO DO NOT PAY THE FULL AMOUNT.....

[roxy2010]

Dear ALI2021

Last response from them was doorstep collectors calling to my home nobody has been. I dont really want to go to court but how can they justify adding nearly £400 in the space of four weeks on a £100 loan. Do you know what there interest is as I think I have paid them £165 at present.

[Delboy01]

Roxy they are claiming 400 plus from my oh on a 100 pound loan, So that figure seems about right for MC BUT if you have paid them 165 pounds already

it shouldnt be that much have you checked your online account ???

[vjohn82]

Interesting thread del...

 

Is the defence/POC all on this thread?

[Delboy01]

No John, do you wanna take a look then?????

[vjohn82]

Sure. Might be worth starting a new thread for it though.

[roxy2010]

Dear Delboy01

 

I have looked on my account and according to that I still owe £360. I have recieved a further letter from them this week stating that if I dont settle the account by the 22nd April they will start legal action. I keep emailing them and telling them to send me the papers but they dont reply to my emails. What would you do just ignore the letters?

[Delboy01]

What I did was email them with a settlement figure I could pay, this was refused.

Didnt hear from them despite emailing them for a few months, then received a court summons filed my defence etc

Havnt heard anything from the court or minicredit since Januaryish.

BTW keep your email trail it can be very helpful should you need to use it later. Their refusal to answer your emails wont look good in court.

 

@vjohn82 this is my wifes thread I have sort of taken it over for her as I am dealing with it for her. Its starts out as her thread (stupid1)

[Delboy01]

vjohn82 here is the POC (for a 100 pound loan)

 

 

Hi this is the POC

 

POC " The Claimants claim is for 411.50 due to the Claimant from the Defendant in respect of monies due and owing."

 

"The Claimant further claims interest at the rate of 8 percent pa under section 69 of the CC Act 1984 on the said sum calculated at 7.29 pounds."

 

"And the Claimant further claims interest under the above act at the rate of 9 pence per day from the date of issue of the claim until judgement or earlier payment"

 

"Claimants claim 411.50."

[vjohn82]

Blimey, £400 for a £100 debt.

 

What was your defence?

[Delboy01]

I suppose it is ok to post on here as they have a copy????

[vjohn82]

Absolutely. In fact, the more you can post the better. If they ever bring up that you use this forum they will be effectively admitting they know about the defects in their case yet continued regardless. Could have costs implications ;-)

 

In 90% of all my threads I'm quite open about the information creditors can see. Especially in my HFO thread... they brought in a huge bundle of all my posts from the forum. The Judge practically deemed them irrelevant to the case and classed it as underhand. He also said that my actions in being public were consistent with my open and honest approach and that it was to HFO's advantage that they knew in advance all of my arguments.

 

So don't worry. They'll know everything eventually. Just don't get caught out making libellous statements like others have done.

[ALI2021]

Roxy call them up and say that I have paid settlement figure and can't pay nomore and keep pestering them till they write it off..

[roxy2010]

ALI2021

 

Is there a telephone you can ring them on all you get on there letteres is an email address which when you send them emails they ignore. I am not really bothered about going to court Delboy01 has been waiting since January for a court date. They actually agreed to the amount that i have paid but then went backward on it because i couldnt pay it on the day they said it was actually the day after never dealt with a company like it.

[sillygirl1]

If you have that in writing keep it as it will be useful evidence. This is why you need to keep emailing.

 

A complaint to Trading Standards via Consumer Direct and the Office of Fair Trading is in order as well. If you have paid them the capital and one nonths interest back that should be it.

[roxy2010]

Dear sillygirl1

 

Dont know if you have had a breakdown of charges like this from them. Recieved an email from them on the 23.12.2010 stating that they charge £1 a day overdue penalties which added up to £66 then they said my debit card had been recorded in the system for court presentation and attempt fees which have added up to £261 and then a debt recovery fee of £100. I sent them an email on the 22.2.2011 telling them I would only be paying the amount plus one month's interest they asked if i could immediately when i emailed them back and told them it would be the 25th they refused to accept it. I then emailed them again on the 18.3.2011 telling them i would only communicate with them in writing and not to send any doorstep collectors to my home. Nobody has been to my home what a suprise since then i have heard nothing apart from the letter last week stating if I dont pay £360 by the 22nd April they will start legal action bring it on.

[sillygirl1]

Get that email off to the Office of Fair Trading IMMEDIATELY, they CANNOT charge you £1 a day and the claptrap about 'presenting your debit card to court for court fees is way way way beyond reasonable.

 

Get Trading Standards involved in this too as they need to see how unreasonable this lot are.

 

The charges are not valid even though they may have them in the contract, it clearly is an unfair terms and conditions scene, this is meant to be a short term debt - not a long term money making situation for them.

[Delboy01]

Did you see on the POC they are claiming 9p per day from date of issue,

dont think the judge will like the delay by them to build that up.

[sillygirl1]

This is why the defence should start out line by line destroying the POCs and casting doubt on their ability to claim in the first place.

[sequenci]

There is no provision in law to claim EITHER contractual or statutory post-judgment interest on payday loans of this nature. What they are trying to do is illegal.

 

See my blog on post-judgment interest

[Delboy01]

Which is the important bit on the blog that refers to my POC ?? Sorry to ask it is just a bit confusing for me. As I cant see post judgment only pre judgement interest on my POCs..Cheers