Goodbye MCO Capital!!!

[MrSooty]

Amongst all the misery associated with PDL victims - perhaps we should take a moment to rejoice in the action taken by the OFT in closing down MCO Capital and delivering a knock out punch in the form of a £544,000 fine - Now THAT's what I call JUSTICE!!!!

 

It is beyond question that sites like CAG have played a huge part in bringing about this outbreak of common sense on the part of the OFT, who are probably overwhelmed by such organisations running rampant!

 

Well done and sincere thanks to both organisations - the fight is on and we all play a part, however small......

[renegadeimp]

Yep. The only time we should see them now is when they are collecting outstanding debts, and the OFT will be on their backs hard to ensure they follow correct procedures. The problem that we have right now, is we 99.99% know who the REAL owner of MCO capital is, but he has registered a different individual as the company director. Add to this that most, if not all of the business addresses are false, and the OFT need to be informed of this, and hopefully his other companies will be shut down.

[Nao]

MCO Capital may still be alive, just under a another trading name with a reputation that is just as bad...

 

http://saynotopaydayloans.co.uk/blog/controversial-payday-lender-links-exposed/

[renegadeimp]

If they are, then you MUST report them as they are trading illegally. But thats not surprising given who the owner is.

[Bandit127]

A link to the OFT article for those of us not 'in the know'

http://www.oft.gov.uk/news-and-updates/press/2012/69-12

[PDLVictim]

So looking at the OFT site MCO has appealed to the first tier tribunal. Now looking at the tribunal site, some of their cases took a year before the first hearing. It seems this will take forever...