• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Minicredit / Kapama

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Minicredit / Kapama

    Good morning.
    I was hoping someone can help me regarding the above companies. I had a payday loan with Minicredit back in 2012 and fell behind with payments so the £100 loan shot up to £500. Minicredit ceased trading in December 2014 due to FCA strict rules which in effect made them give up their licence. Minicredit were told to write off some accounts and others were transferred to sister company Kapama but the debtor had to be notified by 29/12/14. When an account is reassigned by law the debtor must be informed on the date of transfer. I was not contacted until February 2015 by Kapama that they now owned the debt. Minicredit also had added a default in 2013 on my CRA file.
    I have seen a link here that states this debt is unenforceable due to the date of assignment notification and FCA rules were very strict that account holders be notified by 29/12/15. I have asked for removal of the default because the loan was unaffordable and I should not be penalised for this and I have asked for the account to be closed. Kapama are not being helpful, has anyone else had the same problem?
    Tags: None

  • #2
    Re: Minicredit / Kapama

    Yep Kapama / OPOs are a PITA.
    What have Kapama said?

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X