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I have been looking at the pay day loan forums for the last few months as like many of you I've got myself into terrible problems :|

The main issue I have had has been with Minicredit, who are incredibly difficult to deal with. I have had an outstanding balance with them since September last year and now the total amount I owe is over £1000.

From looking at previous posts from other Caggers, I have seen that Minicredit do not negotiate with debt management companies (I am currently in a DMP) and are quick to issue CCJ's.

Now the last letter I had from them was stating that it was the final chance to pay before they started legal action. I had manage to come to the agreement with them that I would pay the original loan amount and original interest which was about £520 but explained that I couldn't pay in one go.

They then rejected my offer to make 4 payments to total the £520 and since then they have gone quiet.

I was preparing myself to receive the CCJ when I get a call from Fredericksons debt collection agency saying that they are acting behalf of Minicredit and did I now want to make a payment. I explained to them that I was in a DMP and gave them contact details of the company and they haven't bothered me again since.

Now I am wondering if Fredericksons are going to try and take me court instead?? My DM company said that they negotitate with them all the time so they are likely to accept the repayment plan but this all seems completely out of character for Minicredit given the way they are known for behaving.

Has anyone else had a similar experience in that Minicredit have sold the debt on and you've been able to negotiate? I'd be really interested to know!

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Hi Margot, received a court summons from MC 7 Jan 2011 Chose to defend as didnt agree with total owed and other things ;)

Have you received a hello goodbye letter from Minicredit and Fredricksons.

Do you agree with the total amount owed??

Was the account in dispute before MC handed it over??


Cheers and dont panic and dont rush decisions

www.bellyup4blues.com Just Go There !!!


Woolwich Prelim Sent 5.12.2006 !!!

S.A.R - (Subject Access Request) sent 22.12.2006 (yeah I know)

16.1.2007 £1000 offer rejected

LBA sent 31.1.2007

N1 presented to Court 15.2.2007

Won / Settled 2 days before court date

£5200 plus int charges returned.


All and Leics S.A.R - (Subject Access Request) sent 22.12.2006

2nd S.A.R - (Subject Access Request) sent 15.1.2007

Statements received

Prelim sent 31.1.2007

LBA Sent 15.2.2007

Won £1500 on receiving court date..

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Hi Delboy,


Thanks for your reply.

Yes the account was in dispute before it was passed to Fredricksons. MC did accept a reduced settlement figure but wanted the payment in one go which I couldn't afford to do. The last letter I received was from MC saying that it was the last letter before legal action. A few weeks after that letter I started receiving calls from Fredrickson's who said they were acting on behalf of MC and told them I was on a DMP.

I've let my DM company know that the debt has been transferred too and now it's all gone very quiet.

Maybe everything is ok and I should stop worrying??

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  • 1 year later...

i got a loan of 100 pound in may which i got 80 pound i referred it in june july august september october at 40 pound a time thats 200 they have had back allready i went to defer it in november the 7th the day before the due date and baecause i changed my address i hadnt updated my minicredit account with my new address for my bank card so they wanted full payment of 155 which i didnt have till the weel later just checked my account now and there saying they want 571 that 400 pound interest in 6 weeks thats like a tenner a day

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  • 2 weeks later...

I have a loan with minicredit. I could not pay on time. In one month it is now £609. They are ignoring me and have sent a doorstep letter. What shall I do.:|

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  • 1 month later...
I have a loan with minicredit. I could not pay on time. In one month it is now £609. They are ignoring me and have sent a doorstep letter. What shall I do.:|



Are you saying they won't accept your proposals for repaying? Then YOU ignore THEM!. If they send someone round dont let them in and dont even talk to them. They wont take you to court as it is too costly but if they do then your defence is they ignored reasonable proposals. But the more you ignore them the least likely they are to do anything.

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