Can someone give me their opinion on this, Minicredit!!

[phillips0809]

Okay so i've had a few payday loans and am on track to sorting them all out myself. Although obviously as i've come to find Mini credit are not very helpful!

I've sent them an email or two and just keep getting the same automated messages back saying they are not interested in payment plans etc.

 

Here's the main problem though, i had a loan with them for £140 although i only actually got £125 as they took £15 as a fast payment fee although i did not ask for this, (it said it would be an option)

I was due to pay them back £190 odd on the 18th of January. It's now the 7th of feb and this is an email i recieved today.

 

Dear XXXXXXXX

 

We would like to remind you that your MiniCredit overdue loan balance is £431.40.

 

If we are unable to recover full amount within next 10 days we'll send Your account to THE DOORSTEP COLLECTOR and You will incur extra costs.

 

We may also contact Your employer and start legal action against You. We also report the status of Your outstanding account to Credit reference agencies. All this process affects your credit score adversely and ability to receive credit in the future.

 

 

Best regards

 

Minicredit.co.uk

Debt Collection Team

Tel: 08718903015

http://www.minicredit.co.uk/contact

 

 

Can someone please just give me some advice and let me know if they can actually do what they are threatening?

I actually can't believe that they sent me this in an E-mail?!!

 

Please help .

[phillips0809]

my mistake sorry the transaction fee was £19.50 not £15

[azzadle]

Trust me mate they won't come. They sent me 2 letters in the space of about 3 months and eventually it got passed to Fredricksons. I'm paying them £30/month (borrowed £100 so all they're getting is £120, they want £800.. ha frigging ha). All in all it took 6 months to even get to that stage. They'll do nothing.

[marts_uk]

From the experiencing im having they wont do anything, let them pass the debt to somebody else and then deal with them, it is likely they will accept the loan plus 1 months interest which is all you have to pay. Dont be fooled by their emails, they are full of it.

[phillips0809]

Thats good to know lol. i hope you're right

[AJ2012]

How did you get on with this phillips0809? Did they Contact your employer?

 

AJ2012

[26072004]

Please, Please forward a copy of their email to the OFT.

 

They can not threaten to contact you at work, but will continue to use these scare tactics unless they are reported.

[stressy91]

I took a loan out with Minicredit on 2nd Novemeber which I have no way of paying with the ridiculous interest rates. I'm just waiting for it to be passed on to a debt collector. The letters do not scare me but I do worry how they don't put my initials on, any member of my family could open it thinking it's there post! Could anyone give me advice on when letters are sent out, so far it's been every 20 days but it's now been 25 days and I'm away with work until Sunday