Minicredit -advice please

[greyplonk]

.EDIT: Sorry I'll start my own thread

Edited October 29, 2011 by greyplonk

[Spiral123]

Whatever happened to the court summons, was it eventually struck out?

[lisag88]

I am writing to Minicredit again after a letter saying somone will visit my house between 6th-13th November, no-one yet and they cant actually do anything apart from bully me. I am writing the letter advised but adding a few extra notes advising them to take my offer, even though it's low its the only way I can pay them. Every little helps anyway.

[natalie1611]

cancel your bank card today report it lost, as these people will take out any money you have in. Dont let there texts letters or emails intimidate you, the FOS and OFT are inestigating them for breaching the comsumer credit act. Only pay back what you owe plus one months interest.

 

hiya im in the same position with minicredit and wonder if you can give me some basic advice i took 150 pound loan that was due on 1st november i missed this and since then hey keep entering my bank account and taking whatever gets paid in this is my money to live on and fo my kids xmas,i have repaid 500pounds already and they still say i owe 150 i emailed askin them to stop adding charges and saying the amount they have retook is disgusting but they are now telling me about doorstep collectors etc and will keep adding charges i just dont no what to do next i cant afford to let them keep taking money out my account any advice from anyone would be well and truly appreciated thanks guys:)

[brethg]

I have a surprising story.

I took out a minicredit loan for £100 last night at 11pm. it was approoved by 11:20 but no money came... So i started researching this company and came across this thead and said to myself HOLLY *****. I imediatly sent 4 emails requesting i cancel, i sent a fax to the number and i edited the address feild on my debit card to read. canceled do not pay loan! and went to bed a very worried man. In the morning i woke up to find many emails saying sorry the loan has allready been paid and true enough there was £80.50 in my account, S***!! So i thought right! and i drafted a 1500 word email using everything i had learned on this site and i was about to send when i recieved a call from Minicredit saying with out prompt they accepted the canceled contract and would take £80.50 as full settlement but i was perminatly banned from ever applying for a loan with them again!

So maybe they are learning, hopefully anyone reading this who has just got a loan and is fretting about it will follow what i did and can get out of it and apply to a nice company like wonga or someone. Im thinking it was the fax that did it and i just sent it from a free online fax site.

Anyway a small succsess

[asmilecostsnothing]

Well done you Thanks for sharing ! I'm glad your out of it

No amount of money can buy your sanity after dealing with some of these PDL companies !

There is a petition going round at the minute for Mini Credit (great idea) might be worth adding a signature !

[markieyboy]

hi i also recieved a letter from mini credit saying there are sending debt collectors to me i started with a 150 loan they now want around 780 i have sent them this following email

 

Quote

We have no alternative but to escalate the matter. Our doorstep collection agent will visit you from 1st January 2012 to 8th January 2012. Please secure payment.

Unquote

To enable you to send a bailiff to my home you should in the first instance take me to court, win, get an order, I then have to break the order and then you can send a bailiff. I will not be bullied into making a payment to yourselves. I feel your charges are unjust, and am offering a repayment plan of £30 per month without interest or charges being added until account is cleared OR a full and final settlement of £200 - £50 more than I borrowed. I believe your letter is breaking OFT guidelines by the threat of sending someone to my home and demand payment, so a copy of this email will be sent to them. I am also formally requesting a full breakdown of the charges including full dates that interest was applied and at what interest rate on each date.

I await your urgent response today.

 

I have also contacted my solicitor and told him about the situation and he advised me that if this does go to court you have to justify all charges you have added on also any court will see the charges as simply disgusting and they will be wiped

 

was this the right thing to do?

[theshuffler]

God these people seem worse than lowlife dcas . Someone should email them and tell them they will wait in for their dorstep collector but will charge a fee of £100 a day over the 7 day window .

[StarFang]

I just can't get a response from them. They don't reply to any emails. They don't have a postal address listed and they've blocked my account so I can't even make token payments.

[welshblondemanc]

Hi......I'm having a nightmare with this company!!! My £150 loan now stands at a massive £1000 plus.......I want them to take me to court now so that I can make an offer of a fair payment......I keep getting the threatening letters and phone calls but to date no visits or action taken. Ive made an offer of full and final settlement of £200 but they haven't responded......I refuse to be bullied into paying horrific charges by loansharks.....Although Payday loan companies do get a bad press, I set up a payment plan with Text Loans and this is being paid off at a rate of £40 per month!!! Surely, these charges are completely unlawful.....I'm not refusing to pay the loan off but while they are whacking on these astronomical charges it seems pointless even make token payments or would this look better in court if I did this......I just feel that if I make token payments this will just go on and on and on and I want an end to it! I know I defaulted, I made a stupid mistake by taking out a payday loan with these people but want to sort this asap. Many thanks in advance for any advice.

[Elainejo]

Hi I have a loan with these people they are awful no customer service at all my rollover payment was due of which you get four dates and I couldn't afford it until end of month so asked if i could pay it then I got told that if I left it til end of month the £200 loan I got would be £465 (fortunately I paid the £77) no way was it going to go to that amount.

But I would say to those who are worrying if you get behind and can't pay the worst that can happen with any of these sort of people is that they pass your debt on after letting to increase to an amount they are only allowed to go they will then pass it on to another debt collector who will send threatening letters then they will get fed up and so on but these people cannot turn up on your doorstep they are not allowed they will not take you to court because courts do not like these people and if worse came to worse and they did you would only end up having to pay £10 a week there is nothing these loan people can do bailiffs will only turn up on your door if you don't pay council tax or fines and after six years there is nothing they can do as the debt is written off of your credit file. So basically if you can put up with letters coming then just ignore them or put yourself in the hands of the CCCS who will deal with them on a debt management plan there is nothing they can do then this is what I have done - Good luck everyone

[Elainejo]

Yes it was there is nothing they can do they are not allowed to send doorstep agents its against the law they just threaten this to make people scared ring them and tell them to take you to court they wont and even if they do it will stop any charges and also the most they will get from you is £10 a week courts do not like these sort of people - keep a recored of every conversation you have with them and copies of any correspondence between you so if you go to court you can produce it but you wont cos they will not want to go to court.

[sillygirl1]

Sorry Elainejo but they do take people to court, Minicredit in particular are nasty in that way.

 

What makes you think they can only get £10 a week from you? If you are on benefits you can pay £1 a Month, and the courts will take other debts into consideration.

[Elainejo]

I have a surprising story.

I took out a minicredit loan for £100 last night at 11pm. it was approoved by 11:20 but no money came... So i started researching this company and came across this thead and said to myself HOLLY *****. I imediatly sent 4 emails requesting i cancel, i sent a fax to the number and i edited the address feild on my debit card to read. canceled do not pay loan! and went to bed a very worried man. In the morning i woke up to find many emails saying sorry the loan has allready been paid and true enough there was £80.50 in my account, S***!! So i thought right! and i drafted a 1500 word email using everything i had learned on this site and i was about to send when i recieved a call from Minicredit saying with out prompt they accepted the canceled contract and would take £80.50 as full settlement but i was perminatly banned from ever applying for a loan with them again!

So maybe they are learning, hopefully anyone reading this who has just got a loan and is fretting about it will follow what i did and can get out of it and apply to a nice company like wonga or someone. Im thinking it was the fax that did it and i just sent it from a free online fax site.

Anyway a small succsess

 

Can I just reply to the last part of the above message please do not go to Wonga they are just as bad if not worse if you fail to pay them they will add charges until your account is well up to £1,000 only then will they pass you onto their collection agents they have passed me onto two and both of the collections agents are sick of wonga and passed me back to them fortunately I am on a debt management plan with the CCCS and they have to accept what they are being paid by them so please do not go to Wonga

[Elainejo]

Hi I only meant the £10 a week at worse obviously the courts take into account your circumstances and yes you are right £1 a week but 9 times out of 10 the courts do not agree with payday loan companies

[sillygirl1]

Best message is not to use any of these companies unless you are 100% certain you will not fall into the reloan trap.

[TW9873]

Sadly only found this now - minicredit claiming I owe them £900 for a loan of £250 taken out! - Have used above letter and will update you as to progress as and when there is any

[karlito78]

just be so much easier if they would freeze interest and allow a payment plan but they won't. they told me every payment delays the debt collectors for 30 days. did you have people at your door. i'm a young mum of 2 and hate all of this. i worry every time i hear a car wondering if its debt collectors. such a weight to deal with. wish i never got involved

 

They cannot send debt collectors to your house without a court order. If they threaten you with this then they are misrepresenting their powers, keep a record of this should it go to court as the courts are unlikely to look kindly on this behavior.

 

Without a court order anyone they send round has as much right to enter your house as I do. Simply send them away adn tell them if they don't leave you'll call the police and have them arrested for trespass.

[karlito78]

hiya im in the same position with minicredit and wonder if you can give me some basic advice i took 150 pound loan that was due on 1st november i missed this and since then hey keep entering my bank account and taking whatever gets paid in this is my money to live on and fo my kids xmas,i have repaid 500pounds already and they still say i owe 150 i emailed askin them to stop adding charges and saying the amount they have retook is disgusting but they are now telling me about doorstep collectors etc and will keep adding charges i just dont no what to do next i cant afford to let them keep taking money out my account any advice from anyone would be well and truly appreciated thanks guys:)

 

Bit late but I hope you canceled your card and didn't give them another penny. It's disgusting that they can do this to people.

 

Also, as they took the money without permission it's possible you could get the money back as what they've done is wrong. They can't send doorstep collectors without taking you to court first as it is an unsecured loan. They are unlikely to take you to court for the rest of the mony you owe as they would not want the judge knowing they've already taken money without authorisation £500 and they have consistently misrepresented their powers.

Edited February 1, 2012 by citizenB
please be careful with accusations

[robbie2009]

They cannot send debt collectors to your house without a court order.

 

Yes, they can. Don't get debt collectors confused with bailiffs.

[robbie2009]

Also, as they took the money without permission it's possible you could get the money back as what they've done is basically wrong.

 

Please read up on 'continuous payment authorities'

Edited February 1, 2012 by citizenB

[karlito78]

Yes, they can. Don't get debt collectors confused with bailiffs.

 

Im not getting anyone confused with anyone. The debt collectors can come to the house but they have absolutely no right whatsoever to enter the property or to enforce payment.

[karlito78]

Please read up on 'continuous payment authorities'

 

REad up on it. Turns out I was right. Perhaps you should read up on it?

[robbie2009]

This was your post: 'They cannot send debt collectors to your house without a court order' - this isn't correct. They can send a doorstep collector, who would have no bailiff's powers. Also, continuous payment authorities are nasty, nasty things. Luckily there are steps being introduced to change how they work - the sooner the better.

[citizenB]

Debt Collectors are NOT permitted to "just turn up" on the doorstep without an appointment - Please read the OFT guidelines.

 

If they do, then you can simply ask them to go away.