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Speed Credit website down?


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Yes, seems to be down, don't know about the licence being revoked, no announcement from the OFT. Toothfairy is still up, with Microcredit as one of the names on it.

 

It should always be one licence per trading name for this shark like industry - stop the abuse of punters happening.

 

Also the shared platform with other lenders is seriously disturbing, especially as it only seems to exist to allow THEM to get money from people's bank accounts.

 

Glad I got out of this cycle about four years ago now!

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True, but i think one investigation and credit license revocation should have really been enough toi get them shut down permanently, not this oh look they made a new company, lets investigate again thing that seems to be current practice.

Same problem really applies to TF / Speedcreit / NDR / MHB which are all officially separate companies, but in reality one and the same, one investigation should be enough to take out the whole lot and not one by one.

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Well it is good news that speedcredit web site is closed, but how long will it be shut. Also what will happen to our payday debt ? Will they state is been sold to a third party. Ie sold to themsleves and just increase the outstanding amount.

 

If they claim they have sold the debt what could we all do to stop this company

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Just done a search on T/F bank account number and this company has appeared.The site is live,as I entered my old Speed Credit loan details into it and it was directed to the T/F site.

 

http://www.digitalfinancialservices.co.uk/

 

There is hardly any details regarding this company on the internet.The site gives a CCL 634032,which belongs to Cash It Up,who are according to their site,not trading.(no loans )

DFS did have a compulsary striking off cancelled in January of this year.Accounts were filed in February of this year.

Any info please.

 

Regards,John.

Edited by JOHNINYORK
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Hi John in York thanks for your message I just followed your message and got my loan up on that website has anyone else paid it of yet through that just want to check if it safe before I do

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has anyone paid off there loans with speed credit through digital finance yet? i understand they have been shut down due to fraud and fined over 500k , i dont see the coming back online...o what happens to our loans? do you think we should pay through digital finance? or do you think we should wait..

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They lost their licence but appealed against it. As per appeal rules, they get to keep the licence until the outcome of they appeal hearing.

 

The downside is that the appeal hearing could take months or even longer to happen.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Anthony Agnelo Paul De Nazareth

Tuomo Kari Kustaa Mäki

 

These are the people supposedly running the business at Digital Services, http://www2.crw.gov.uk/pr/default.aspx, not seen those names in any speedcredt / tf / mhb / ndr registrations.

 

The company registration itself appears legitimate though, http://wck2.companieshouse.gov.uk/fb4488e01570251e0208d16180898374/compdetails

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They have 2 different licences it seems.

 

Application / Licence Details

Licence Number:

0634032

Licence Status:

Current

Current Applicant / Licensee:

Business Name Company Registration Number

Digital Finance Services UK Limited 07090211

Categories:

Consumer credit

Right To Canvass Off Trade Premises:

No

Trading Name(s) (Current):

Cash It Up

Issued Date:

09-Feb-2010

Date Maintenance Payment Due:

08-Feb-2015

Legal Formation:

Body Corporate (incorporated inside UK)

Current Individuals that run the organisation:

Name Position

Anthony Agnelo Paul De Nazareth

Tuomo Kari Kustaa Mäki

Nature of Business:

Cheque Cashing Services

Current Address(es):

Address Type Address

Correspondence 4th Floor, 7, Cork Street, LONDON, W1S 3LJ, United Kingdom

Principal Place Of Business 4th Floor, 7, Cork Street, LONDON, W1S 3LJ, United Kingdom

Registered Office 4th Floor, 7, Cork Street, LONDON, W1S 3LJ, United Kingdom

Historic Address(es):

Address Type Address

Correspondence 11, Church Road, GREAT BOOKHAM , Surrey, KT23 3PB , UNITED KINGDOM

Principal Place Of Business 11, Church Road, GREAT BOOKHAM , Surrey, KT23 3PB , UNITED KINGDOM

 

 

The other possible licence number is for an insurance company :/

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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One of the two people running it (Maki, the finnish guy) used to be the director of mco capital, mco should ring a very big alarm bell, see here, http://www.independent.co.uk/news/business/news/payday-lender-fined-more-than-half-a-million-pounds-after-being-duped-by-id-fraud-8026569.html

 

 

edit:

http://popcredit.co.uk that is MCO Capital still trading despite not having a license any more.

Edited by Nao
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No doubt they will add a lot of fantasy charges, most of which won't be enforceable, but that won't stop them from trying to scare you into paying ever increasing amounts, there are people who have posted on other threads here about TF / SC trying to charge in excess of 19000£ for a loan of 100£.

 

All you owe is original loan amount plus 1 month interest (unless it was for 14 days only, then you owe just he two weeks interest obviously) plus initial default fee (however that fee depending on the amount could still be subject to challenge) minus any payment already made.

 

How are we even sposed to pay loans off if they want us to? What a disgusting company.

 

Their Bank account details are as below:

 

Barclays Bank

Account Number: 93462382

Sort code: 20-50-94

Reference: Use your mobile number 447xxxxxxxx as a reference

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Some more intel on the finnish connection, Tuomo Kari Kustaa Mäki was also involved with the finnish company TEC Trust Equity Capital Oy, which was acquired by you never guess... a company that makes gambling software http://www.mgscorporation.com/news_updates/49.html based at an EBS BOX address, of course I dug up the real address anyway, 27/28 Eastcastle Street London W1W 8DH United Kingdom.

 

Now if you where to ask what does that have to do with payday loans? well, turns out one of the Directors of MGS happens to also be director of:

UKCASHADVANCE ltd

FASTLOANFORYOU ltd

LEAD INVESTMENT ltd

OK INVESTMENT ltd

FIX CAPITAL ltd

STATEMENT CAPITAL ltd

QUICK INVESTMENT ltd

NEXTCREDIT ltd

CREDIT ON DEMAND ltd

 

all of them registered at one and the same address:

 

WISTERIA CAVENDISH HOUSE

369 BURNT OAK BROADWAY

EDGWARE, MIDDLESEX

HA8 5AW

GB

 

Now if we look up HA8 5AW at the credit license register we find something surprising...

 

It is the exact same address as where the Credit license for lending Stream is registered, among several others,

 

Long list incoming:

Lending Stream ltd (license status: currrent) with trading names:

Check2Cash

Direct Loan Shop

Flexbuy

FlexCash

Flex-Cash

InstantPounds

Lending Pounds

Money2Payday

MyDirectLoan

Payday Loan Store

Paydayloanstore

PaydayOnly

QuidSquid

Smart Phone Loans

Smartphone Loan

Smartphone Loans

Smartphoneloan

Smartphoneloans

Zebit

 

Zebit Limited and Zebit Llc (license 0644447 and 0644445 status pending)

 

Lead Channel Limited (license: 0647649 status: current)

 

Akebia ltd (license 0644307 status: current)

 

Adaptive Affinity Ltd (license 0636411 status current) Current Organisations that run the organisation:

Wisteria Ltd

Trading names:

High Credit Score

Quick Credit Score

http://www.creditcheckinstantly.co.uk

http://www.creditconfidential.com

http://www.creditratingmatters.co.uk

http://www.creditscorematters.co.uk

http://www.creditscoremonitor.co.uk

http://www.highcreditscore.co.uk

http://www.importantscore.co.uk

http://www.quickcreditscore.co.uk

http://www.ukcreditreporting.co.uk

http://www.ukcreditscorenow.co.uk

 

I'll have more to expose, but I need to get some sleep:razz:

Edited by Nao
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