MCO Capital loan

grahamqat · 4 September 2010 at 11:36AM

Like me you may have recently received a letter from MCO Capital asking for £513 to repay a £300 loan. You might be wondering why because you've never taken out a loan and probably never heard of MCO Capital. I have contacted Action Fraud who tell me that although the company exists, they do not do sufficient checks before giving loans. As a result they appear to have been defrauded by someone simply working through a phone book. The best course of action is to contact them (phone or e-mail) to let them know someone has used your name/address to get a loan. The police are totally aware of the situation, and we will be taking steps to have the company struck off next week as they are trading illegally (Non-trading status). Under no circumstances pay this company any money. For more information contact Action Fraud on 0300 123 2040

grahamqat · 4 September 2010 at 4:09PM

Further to my last post, MCO Capital don't respond to e-mail or voice mail, so I'm wondering if they've already been wound up? Any info on this appreciated.

trimac · 4 September 2010 at 7:52PM

I contacted them today by phone (early afternoon) and the guy I spoke to said it looked like, in my case, id fraud and actually gave me the number of their fraud section (or so he said). Rang this number and eventually after holding was asked to leave number and name for callback. No return call as of yet. Have also contacted them by email and same situation apples.

trimac · 4 September 2010 at 7:53PM

apples = applies lol

Apples2 · 4 September 2010 at 9:16PM

Wot ???

..

grahamqat · 4 September 2010 at 10:57PM

Thanks for that Trimac. They haven't contacted me so I've decided to try to put them into administration by Monday - judging by what the OFT and Fraud Office are saying, this wont be too difficult. They are trading illegally and must have taken a big hit with their most recent fraud. Their problems are all over the Internet, and survival looks very doubtful now.

grahamqat · 4 September 2010 at 11:16PM

I've noticed now that if you key MCO Capital or related items into Google, you get straight to this forum. Good news for all the people involved in the fraud. "Action Fraud" incidentally tell me that they are now recording all people phoning in about loan letters, so are gathering evidence for what is likely to become a prosecution in due course.

stuart0870 · 6 September 2010 at 9:34AM

Add another one to that list, can't post the actual image as a noobie post, so just posting a dummy link to it.

wwwDOTsms-it.co.uk/images/mco_capital_scamDOTjpg

collam · 6 September 2010 at 9:50AM

I too received a bill from MCO on friday, could not get through to speak to anybody all weekend. This morning there is a recorded message asking for details to be left so they can contact you at later date

beatfraud · 6 September 2010 at 10:21AM

I too received an invoice for a bogus loan of £300 and £154 fees/costs, this weekend, posted from Worthing.

It is worth noting that I have recently been the victim of identity theft, so obviously they might have 'obtained' my name and address from somewhere inappropriate.

I am taking necessary action which includes registering with CIFAS - the UK Fraud Prevention Service.

grahamqat · 6 September 2010 at 11:08AM

Hi Stuart, had a look at the image - it's identical to mine. There's a difference of 1 day and your invoice ref is about 250 more than mine. I'm not sure I believe the official line that MCO has been defrauded by multiple ID fraud loans as surely they would suspect suddenly getting hundreds of loan applications for exactly the same amount? The fact that the company is listed as non-trading at Companies House makes it look more like a scam.

MCO Capital loan

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