Minicredit Payday loan Threats

[Hurricane Puffrose]

Re: Minicredit Payday loan Threats

Haven't they already dug a big enough hole for themselves?

yeh take the shovel off them before then end up in Australia!

[Hurricane Puffrose]

Re: Minicredit Payday loan Threats

from FSA website:

Firms can only conduct regulated activities in the UK if they are currently authorised by us or registered to do so, or are otherwise exempt. These activities include many of the financial services that consumers and businesses use or deal with each day


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FSA Firm Ref: Firm name: minicredit payday loans Post code: Match level: Best Currently authorised:


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Search conditions

FSA Firm Ref: Firm name: microcredit payday loans Post code: Match level: Best Currently authorised:


Search again

No matches found. You may wish to try searching on one of the other search tabs.


the link in case i am peggering the search up , as is my wont, http://www.fsa.gov.uk/register/firmMainSearch.do

• Minicredit is fully licensed independent short term loans lender not a broker!

Company information

Microcredit Ltd (t/a Minicredit) mailing address: 30 Borough High Street, London SE1 1XU
Registration number: 06677980
Consumer credit license: 0621701
Data Protection number: Z1640897

[Guest]

Re: Minicredit Payday loan Threats

Current loan £100+ £73+£12=£185If termination sent today they would owe you £3.

Taking a closer look at the agreement, in my opinion there is no way that a court would enforce the charges, and the prescribed terms are dodgy to say the least. I think they would struggle to get any kind of enforcement order.

Not that they would go to court of course it isn't how they operate.

D

[CleverClogs]

Re: Minicredit Payday loan Threats

Not that they would go to court of course it isn't how they operate.

Do they offer a nice line in concrete boots?

[Hurricane Puffrose]

Re: Minicredit Payday loan Threats

they are ICO registered

Registration Number: Z1640897
Date Registered: 11 February 2009 Registration Expires: 10 February 2013

Data Controller: MICROCREDIT LTD

Address:

30 BOROUGH HIGH STREET
LONDON
SE1 1XU

---

This register entry describes, in very general terms, the personal data being processed by:
MICROCREDIT LTD
This register entry contains personal data held for 5 purpose(s)

---

Purpose 1

Staff Administration

Purpose Description:

Appointments or removals, pay, discipline, superannuation, work management or other personnel matters in relation to the staff of the data controller.

Data subjects are:

Staff including volunteers, agents, temporary and casual workers
Relatives, guardians and associates of the data subject

Data classes are:

Personal Details
Family, Lifestyle and Social Circumstances
Education and Training Details
Employment Details
Financial Details
Racial or Ethnic Origin
Religious or Other Beliefs Of A Similar Nature
Trade Union Membership
Physical or Mental Health or Condition

Sources (S) and Disclosures (D)(1984 Act). Recipients (1998 Act):

Data subjects themselves
Relatives, guardians or other persons associated with the data subject
Current, past or prospective employers of the data subject
Education, training establishments and examining bodies
Suppliers, providers of goods or services
Financial organisations and advisers
Central Government
Employment and recruitment agencies

Transfers:

None outside the European Economic Area

---

Purpose 2

Advertising, Marketing & Public Relations

Purpose Description:

Advertising or marketing the business of the data controller, activity, goods or services and promoting public relations in connection with that business or activity, or those goods or services.

Data subjects are:

Customers and clients
Complainants, correspondents and enquirers
Advisers, consultants and other professional experts

Data classes are:

Personal Details
Family, Lifestyle and Social Circumstances
Goods or Services Provided

Sources (S) and Disclosures (D)(1984 Act). Recipients (1998 Act):

Data subjects themselves
Business associates and other professional advisers
Suppliers, providers of goods or services

Transfers:

None outside the European Economic Area

---

Purpose 3

Accounts & Records

Purpose Description:

Keeping accounts related to any business or other activity carried on by the data controller, or deciding whether to accept any person as a customer or supplier, or keeping records of purchases, sales or other transactions for the purpose of ensuring that the requisite payments and deliveries are made or services provided by him or to him in respect of those transactions, or for the purpose of making financial or management forecasts to assist him in the conduct of any such business or activity

Data subjects are:

Customers and clients
Suppliers
Complainants, correspondents and enquirers

Data classes are:

Personal Details
Financial Details
Goods or Services Provided

Sources (S) and Disclosures (D)(1984 Act). Recipients (1998 Act):

Business associates and other professional advisers
Employees and agents of the data controller
Other companies in the same group as the data controller
Suppliers, providers of goods or services
Financial organisations and advisers
Credit reference agencies
Debt collection and tracing agencies
Central Government

Transfers:

None outside the European Economic Area

---

Purpose 4

Debt Administration and Factoring

Purpose Description:

The tracing of consumer and commercial debtors and the collection on behalf of creditors. The purchasing of trade debts, including rentals and instalment credit payments, from business.

Data subjects are:

Customers and clients
Relatives, guardians and associates of the data subject

Data classes are:

Personal Details
Family, Lifestyle and Social Circumstances
Goods or Services Provided
Offences (Including Alleged Offences)

Sources (S) and Disclosures (D)(1984 Act). Recipients (1998 Act):

Data subjects themselves
Relatives, guardians or other persons associated with the data subject
Current, past or prospective employers of the data subject
Business associates and other professional advisers
Other companies in the same group as the data controller
Suppliers, providers of goods or services
Credit reference agencies
Debt collection and tracing agencies
Traders in personal data
Central Government
Courts / Tribunals

Transfers:

None outside the European Economic Area

---

Purpose 5

Provision of Financial Services & Advice

Purpose Description:

The provision of services as an intermediary in respect of any financial transactions including mortgage and insurance broking.

Data subjects are:

Customers and clients
Relatives, guardians and associates of the data subject

Data classes are:

Personal Details
Family, Lifestyle and Social Circumstances
Financial Details
Goods or Services Provided
Physical or Mental Health or Condition

Sources (S) and Disclosures (D)(1984 Act). Recipients (1998 Act):

Data subjects themselves
Current, past or prospective employers of the data subject
Healthcare, social and welfare advisers or practitioners
Suppliers, providers of goods or services
Financial organisations and advisers
Credit reference agencies
Trade, employer associations and professional bodies
Central Government
Ombudsmen and regulatory authorities

Transfers:
None outside the European Economic Area

[Skelly1983]

Re: Minicredit Payday loan Threats

Further to me posts in regards to my issue with this company, I had sent them a letter informing them that the police will be called if they trespass on my property to get collection they did not respond top this and have now sent a second letter saying they will send DCA to my address and issuing a 2nd charge of £100 for costs of sending the DCA.

The first DCA did not come to my address as i am in all the time as i am currently unemployed, so the first charge is invalid since no when was actually sent.

This company ignores all corispondance and only calls with recorded messages, i knind of wish they did sent a DCA so i could inform them they are trespassing and the call the police.

[Skelly1983]

Re: Minicredit Payday loan Threats

Just had another call which was a recoded message saying i owe them money.

The laws and regulations that i have noted to date that this company has broken up to now is as follows:

· Several phone calls with recorded message informing me that I owe them money, no confirmation of whom they are speaking too.
· Letters threatening to send DCA to address, to which they do not have a license to canvas of premises.
· Charges per DCA call out (2x £100), these charges are un lawful as they are unable to send DCA as above, also if they was the second charge would be for £60, these are also unlawful as they did not send anyone.
· They have ignored all correspondence (emails, letters, and calls) with them, calls do not connect and each call they make is a recorded message as above.
· Debt is for a £400 pound loan and total amount repayable, this I am informed is now at £1200 (2 months since credit agreement).
· Company does not have a sign on their business premises even though under limited company law they are required to display a sign.

Its all adding up.

[Skelly1983]

Re: Minicredit Payday loan Threats

Called them today they informed me they have charged £4 per day interest on the account and 3 x £5 per day for failed card transactions for 72 days.

[miliitant]

Re: Minicredit Payday loan Threats

is this the same mini credit that has a mr hart as the boss

as i remember he got a bloddy nose in court over the charges and he had to withdraw his claim

[Skelly1983]

Re: Minicredit Payday loan Threats

Yes I think it the same.

They have already been reported to OFT for all this.

[miliitant]

Re: Minicredit Payday loan Threats

I can tell you now mr hart as not a hope in hell on making the card transaction stick. under the continuous payment authority, you gave mini credit authorisation to debit your card once a month. that was only for one trans action per month, nothing else. if he wanted to debit your card anymore he would have to seek your express authorisation or its fraud

[miliitant]

Re: Minicredit Payday loan Threats

error

[Skelly1983]

Re: Minicredit Payday loan Threats

Thanks for the link Alsatian.

So if that is classed as fraud am I able to report them for fraud? I assume i would need to prove this, are banks able to provide the attempts to charge a card?

[miliitant]

Re: Minicredit Payday loan Threats

the bank will be able to tell you how many times this company has tried to debit your card. remember, your contractual arrangement with the payday loan company is to debit your card on an agreed date, once, and only once. normally after 30 days

[Skelly1983]

Re: Minicredit Payday loan Threats

Checked the contract and at states they will attempt to debit my card on payment due date, then if that fails they will make to attempts the following day and one more the day after.

So even just going off what they have in the contract they can on attempt to debit my card on 4 occasions, which this is definitely fraud.

Thanks for your help Alsatian, will send a request for this information to my bank.