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    • wardyb
    • By wardyb 24th Feb 16, 6:13 PM
    • 21Posts
    • 2Thanks
    Minicredit £100 loan now $1049
    • #1
    • 24th Feb 16, 6:13 PM
    Minicredit £100 loan now $1049 24th Feb 16 at 6:13 PM
    I took a payday loan out in 2012 for £100, I got £80 after their additional fees. I never actually paid this back as I got into a bit of a cycle with some other companies and couldn't pay everything back. Minicredit apparently don't trade in England anymore and a company called OPOS is dealing with the debt.

    I realise that I no doubt agreed to these extortionate charges when I needed the money back then and I felt I had little choice tbh as I needed this money to pay other debts.

    I have quite a few other debts that need sorting and I will seek advice for these, but no other payday company has added as much as 1000% to the cost of my loan apart from these guys. Are they in the right?


    Edit: owe £1049, not $1049
    Last edited by wardyb; 24-02-2016 at 6:14 PM. Reason: incorrect currency
Page 3
    • daem
    • By daem 17th Sep 16, 6:18 PM
    • 5 Posts
    • 0 Thanks
    But you agreed to those terms and conditions when you agreed to take out the loan.
    Originally posted by Gaz83
    I could read those terms and conditions back and forth 100 times but still would not expect £700+ charges in less then 30 days. It's like attempting to charge my card 5 times every day charging £5 every time.. so ~£25/day attempt charges ? It is nowhere mentioned in TC nor is it "reasonable charge" but maybe I am just wrong
    • ml1973
    • By ml1973 20th Sep 16, 2:52 PM
    • 6 Posts
    • 4 Thanks
    I had an identical situation with OPOS as you are having. Same loan amount and the exact same amount they were demanding back. I got them to accept £500 in the end, I couldn't get it any lower than that. I bit the bullet and paid it to get them off my case. They do have a live chat service on their website. Maybe try talking to them on there to haggle it down instead of sending letters and emails but if the do offer you a settlement your happy with, ask them to email the offer to you. Good Luck!!!
    • daem
    • By daem 15th Oct 16, 6:41 PM
    • 5 Posts
    • 0 Thanks
    thanks! will try to do that
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