advice needed r.e minicredit/opos please

[clarabell]

Hi,
I would greatly appreciate some advice on opos dca if anyone can help please? I took out a 200 loan from minicredit in 2012 which I couldn't pay back. To cut a long story short it went to dca opos after charges etc were added on at 930 so I entered into a dmp to start getting it (& others) paid off. After relishing that the dmp was charging me for their services and hardly anything was being paid off my debt I stopped it and as there have been no payments made to opos for at least six months now they have sent me a letter with an eye watering balance of 1607!!! I know I have paid just over 300 back through the dmp and just wondering if there is anything at all I can do?

[wales01man]

Re: advice needed r.e minicredit/opos please

First you need to know exactly what they are trying to charge you for in terms of interest and charges.

[nemesis45]

Re: advice needed r.e minicredit/opos please

Who is Opos acting for?

nem

[clarabell]

Re: advice needed r.e minicredit/opos please

First you need to know exactly what they are trying to charge you for in terms of interest and charges.

Thanks for getting back to me :-) do I just write to them asking for a statement if charges etc?

[clarabell]

Re: advice needed r.e minicredit/opos please

Who is Opos acting for?

nem

Minicredit

[clarabell]

Re: advice needed r.e minicredit/opos please

Sorry for any typo errors, at work and trying to do ten jobs at once as well as reply :tinysmile_hmm_t2:

[nemesis45]

Re: advice needed r.e minicredit/opos please

These debts are usually sold off if defaulted.
Yes write demand ( don't ask) a full detailed breakdown of all the fees and charges applied to the account, and that no further correspondence can be entered into until this has been supplied. Give them 7 working days to comply.

nem

[clarabell]

Re: advice needed r.e minicredit/opos please

These debts are usually sold off if defaulted.
Yes write demand ( don't ask) a full detailed breakdown of all the fees and charges applied to the account, and that no further correspondence can be entered into until this has been supplied. Give them 7 working days to comply.

nem

That's great cheers for the advice . Is there a template letter to use and do I request the original contract too as I've heard minicredit have ceased trading in the UK last year-dont know if this makes any difference or not? Thanks again!

[clarabell]

Re: advice needed r.e minicredit/opos please

And what happens if they don't respond?

[clarabell]

Re: advice needed r.e minicredit/opos please

I have about six other pd loans outstanding that I was paying off through the dmp too and to be fair have probably paid off what I borrowed and interest - any advice re these too??

[Amethyst]

Re: advice needed r.e minicredit/opos please

Possibly interesting report this morning http://www.legalbeagles.info/forums/...A&goto=newpost

[clarabell]

Re: advice needed r.e minicredit/opos please

These debts are usually sold off if defaulted.
Yes write demand ( don't ask) a full detailed breakdown of all the fees and charges applied to the account, and that no further correspondence can be entered into until this has been supplied. Give them 7 working days to comply.

nem

Thanks - is there a template letter I could use please??

[nemesis45]

Re: advice needed r.e minicredit/opos please

Sorry there is no template for this situation.
Try this.

Opos ref: ...............


Sir / Madam,

I refer to recent correspondence regarding an alleged debt arising from an account Minicredit and state the following.

I am unable to reconcile the amount Opos it claiming and have no knowledge of any outstanding debt for this amount.

Therefore I require Opos to supply a fully detailed breakdown of how the claim amount has been arrived at.
I am willing to allow 7 working days for this to be supplied.

send signed for post.

[clarabell]

Re: advice needed r.e minicredit/opos please

Sorry there is no template for this situation.
Try this.

Opos ref: ...............


Sir / Madam,

I refer to recent correspondence regarding an alleged debt arising from an account Minicredit and state the following.

I am unable to reconcile the amount Opos it claiming and have no knowledge of any outstanding debt for this amount.

Therefore I require Opos to supply a fully detailed breakdown of how the claim amount has been arrived at.
I am willing to allow 7 working days for this to be supplied.

send signed for post.

great thanks alot

[jon1965]

Re: advice needed r.e minicredit/opos please

As most people know, minicredit ceased trading and have assigned their portfolio to another company who are using OPOS to collect the money . I noticed that on my jan credit report the balance had increased m possibly so minicredit could get a higher price.
I suspect but have not seen proof that these companies are all inter related.
I myself am getting phone calls from OPOS which I ignore , after all they are Scottish lol. I have heard nothing with regards to a NOA .
If they write I would be inclined to send a prove it letter