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minicredit loan - OPOS have added +£740 collection fees !!!


liam1503
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Hi Guys,

 

I have had ongoing correspondence with opos regarding a loan I took out with MiniCredit almost 2 years ago. After repeated requests for them to provide me with a completed breakdown of the claimed debt including charges/fees/interests I have finally received the below. They are attempting to claim £1,187.50 on an original loan of £150!

 

Would appreciate any advice on how to respond. I am sure the Debt recovery fee and attempt fees are unenforceable.

 

Here is the requested statement :

 

Loan reference:

Date issued: 01/09/2012

Due date: 25/09/2012

Loan principal £150.00

Interest £217.50

Overdue charges £80.00

Debt Recovery fee £100.00

Attempt fees (£5 per attempt) £640.00

Total balance £1,187.50

 

Payments received

31.10.2012 £100.00

05.11.2012 £100.00

 

Sincerely,

Derek

 

Thanks in advance guys.

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they cannot add anything to the debt ...end of.

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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OPOS is minicredit.

Read this forum.

 

 

They add on a load of fictitious charges,

threaten everything they can,

 

 

then they turn around and say

" oh, we can remove all the failed attempt charges, but the others will stick".

 

 

Pity not one of those charges are enforceable as they are unlawful penalty charges,

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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  • 3 months later...

Hi I have been harassed by OPOS regarding an old pay day loan debt for two years now.

After my repeated requests for them to provide a breakdown of the supposed total I have finally received the below.

 

The balance breakdown we received consists of :

 

Principle : £150

Interest : £217.50

Penalty 1 : £25

Penalty 2 : £55

Attempt Fee : £440

Debt Collection Fee : £100

 

I also requested a statement of all previous payments that I had made, as follows;

1st Sept 2012 - £19.5

31st Oct 2012 - £100

5th Nov 2012 - £100

 

I know that the majority of the charges are unlawful. I am in the process of drafting a letter stating that as I have repaid £219.50 (more than my original loan amount) I consider the account brought up to date. Is there a way I can get debt to be shown as repaid on my credit score?

 

Any help would be much appreciated!

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Ignore it. pretyt much all of it are unenforceable penalty charges. And they know it.

 

Work off the basis that you owe the original contracted amount, and original interest. They will never be able to justify late fee's, attempt fee's or debt collection fee's.

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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old and new threads merged for history of advise

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Many thanks for your response. The problem I have is that this account is showing on my credit report as outstanding. Is there any way I can get this entry removed/updated?

 

Any advice would be much appreciated!

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has it been defaulted

whats the date?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 3 weeks later...

i also have had problems with minicredit and opos and a £300 loan has turned into £2200 and after speaking to them through the online chat even the person i was speaking to agreed that the charges were high but after asking his manager they refused to lower the debt i offered to pay the loan plus 1 months interest but they refused so told them that i would be making a complaint to the financial obudsman which i have done and they agreed that the charges were unfair and are going to contact opos on my behalf to deal with the situation for me to get all charges removed will keep you all updated of the outcome but if you want my advice complain to the financial obudsman just look what happened to wonga this is what they did and had to wipe out all customers debts

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i also have had problems with minicredit and opos and a £300 loan has turned into £2200 and after speaking to them through the online chat even the person i was speaking to agreed that the charges were high but after asking his manager they refused to lower the debt i offered to pay the loan plus 1 months interest but they refused so told them that i would be making a complaint to the financial obudsman which i have done and they agreed that the charges were unfair and are going to contact opos on my behalf to deal with the situation for me to get all charges removed will keep you all updated of the outcome but if you want my advice complain to the financial obudsman just look what happened to wonga this is what they did and had to wipe out all customers debts

 

 

you need to start a new thread

 

 

of your own please

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 4 weeks later...

that's not the way to do it.

 

 

have you your own thread? opps is your thread

sorry small screen.

 

 

 

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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give em a ring liam

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 1 month later...
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