MCO Capital loan

geomacl

geomacl wrote: »

Sorry but your link was not at all amusing!! It took me to a cheeky jokey picture!!!!!

Apologies caverncaperer - I repeated search with proper case for letters and found the licence. Thanks

geomacl

Following is a copy of the MCO credit licence unearthed by caverncaperer

CCA Search :: CCA Search Results :: Licence Details
Application / Licence Details
Licence Number:
0613263
Licence Status:
Current
Current Applicant / Licensee:
Business Name Company Registration Number
Mobile Credit Online Capital Limited 6472855
Categories:
Consumer credit
Right To Canvass Off Trade Premises:
No
Issued Date:
06-Feb-2008
Expiry Date:
06-Feb-2013
Legal Formation:
Body Corporate (incorporated inside UK)
Current Individuals that run the organisation:
Name Position
Tuomo Kari Kustaa Mäki
Current Organisations that run the organisation:
Name Company Registration Number Position
OÜ Prossimo Investments Registrikood 11191724
Nature of Business:
Cheque Cashing Services
Current Address(es):
Address Type Address
Correspondence Grundberg Mocatta Rakison LLP, Imperial House, 15-19,
Kingsway, London, WC2B 6UN, United Kingdom
Principal Place Of Business Grundberg Mocatta Rakison LLP, Imperial House,
15-19, Kingsway, London, WC2B 6UN, United Kingdom
Registered Office Imperial House, 15-19, Kingsway, London, WC2B 6UN, United
Kingdom
Licence History
Licence Details:
Licence/Application Number Licence Status Applicant/Holder Name
0613263 Current Mobile Credit Online Capital Limited
Event Details
Licence Details:
Licence/Application Number Licence Status Applicant/Holder Name
0613263 Current Mobile Credit Online Capital Limited
Event Details:
Event Number Event Type Date of Receipt Closed Date Status
2 Variation 06-Sep-2010 Open
Licence Event Details:
Role Name Action
LICENSEE MCO Capital ltd Pending
LICENSEE Mobile Credit Online Capital Limited Pending
Address Type Address Action
Correspondence Grundberg Mocatta Rakison LLP, Imperial House, 15-19,
Kingsway, London, WC2B 6UN, United Kingdom Pending
Principal Place Of Business Grundberg Mocatta Rakison LLP, Imperial House,
15-19, Kingsway, London, WC2B 6UN, United Kingdom Pending
Registered Office Imperial House, 15-19, Kingsway, London, WC2B 6UN, United
Kingdom Pending

CaptainSmirnoff

geomacl wrote: »

I used another email address (with a reply receipt request) and the following came back 2 days later:
Viesti

Vastaanottaja: [EMAIL="customerservice@helploan.co.uk"]customerservice@helploan.co.uk[/EMAIL]
Aihe: Fraudulent loan Reference13653-XXXXXX (my X's)
Lähetetty: 24.9.2010 16:52

on luettu 25.9.2010 22:42.


Looks Finnish?
Anyway I had tried [EMAIL="helpdesk@helploan.co.uk"]helpdesk@helploan.co.uk[/EMAIL] and another similar helpdesk one but the one that worked is
customerservice@helploan.co.uk.
From the "heading" of this email it appears to have been directed overseas - most likely Finland

You can trace teh source of an Email by looking at the Internet Header under Options, working your way up from the bottom and typing the IP address into a web site that will trace the geographical location of it. Or you could use TRACERT in Command Prompt

geomacl

Note from credit licence that the "business" name is Grundberg Mocatta Rakison LLP and not MCO Capital at Imperial House, 15-19 Kingsway, London. This could be why they were not found at that address by one of our "spies"

Oldbloke_2

colinho wrote: »

Be careful - you are assuming that our justice system will prevent you being screwed illegally, by a fraudulent company. If you don't put in writing your denial of the debt, MCO could conceivably get away with getting a court order for recovery of the debt. Don't for a minute think that couldn't happen. This scam is on a monumental scale, and the people behind it seem to have the ability to talk our regulatory authorities into believing them. There are people like geomaci on this forum who have done a lot of calling and researching to all our benefits, but read the posts that go "I contacted the police/trading standards/etc. and they won't do anything."
In other words, protect yourself, nobody else is going to.
Go to your local Police Station, report it, and get (don't take no for an answer) an incident number; also ask for a fraud investigation.
Follow the advice about writing a letter, copying the Helploan letter, to as many addresses for MCO as you can find, denying liability. Send Recorded Delivery, and then copy the letter & attachments and send via e-mail, with delivery notification checked.
Then, and only then, will you have "discharged your responsibilities" as fas as a court and subsequent debt collection actions are concerned.
Finally, make sure that you do contact Credit Reference Agencies, to get rid of MCO searches. Also, complain to the credit reference agencies that they have accepted searches on your account from a fraudulent company (listed as non-trading at Companies House), as they will almost certainly have used incorrect details, such as dob or time at address.
You should also email your MP right now, demanding action, as a system which leaves you exposed to fraud, with police and other authorities walking away from protecting you, and allowing a shyster shark operation like this to operate illegally, is a truly corrupt system.

I have checked with Equifax, who alert me when a search is made. No search has been made through them. It appears to be only Experian who have been involved, according to all the previous posts. What does this say? I think I'll contact Equifax customer services and make an enquiry about MCO. I'll let you know when I get a response.

If you write to MCO, all you're doing is confirming that the details on the letter are correct, ready to be passed to the next scammers. They can't prove I've even received the letter demanding payment; it wasn't sent by recorded delivery. I'll wait and see what happens. If they issue a court summons, which would have to be the next step, I'll contest it then, as they'd have to disclose their evidence in the court papers. They can't send in the Baliff without having been awarded judgement in the case, and HM Court Service would have to issue the Court Summons, giving 30 days to defend yourself.

geomacl

Oldbloke wrote: »

I have checked with Equifax, who alert me when a search is made. No search has been made through them. It appears to be only Experian who have been involved, according to all the previous posts. What does this say? I think I'll contact Equifax customer services and make an enquiry about MCO. I'll let you know when I get a response.

If you write to MCO, all you're doing is confirming that the details on the letter are correct, ready to be passed to the next scammers. They can't prove I've even received the letter demanding payment; it wasn't sent by recorded delivery. I'll wait and see what happens. If they issue a court summons, which would have to be the next step, I'll contest it then, as they'd have to disclose their evidence in the court papers. They can't send in the Baliff without having been awarded judgement in the case, and HM Court Service would have to issue the Court Summons, giving 30 days to defend yourself.

You make a good point re proof of delivery - maybe we should all have thought of that before writing - as you say, what we have done is saved them the cost of a recorded delivery by proving their letters have arrived - darn it!!!:mad:

Debtfreeatlast_2

Well Experian have removed all trace of MCO from my file. Someone asked the aboutthe Experian connection. It is simply that MCO pay them for their service to check credit details, 99.9% of all lender will only use one of the three agencies for credit rating checks.

Now I will lay in wait for my "invoice" it seems too easy to have learnt about it, and resolved it within 7 days and before invoicing.

If you do a search for pay day loans on Google, one of the sites is advertising in the pay per click section. Which does suggest that they do some legit (as legit as a pay day loan company can be) business. Those that are pointing the accusing finger at the MCO accounts. It is a finnish company trading in the UK. To see if the funds are available you would need to see the holding company accounts. I do not think the listed US company is related in anyway.

As I said before, IF they are victims of fraud then they fully deserve it, their whole system is not fit for purpose and they have breached my privacy.

colinho

Oldbloke wrote: »

I have checked with Equifax, who alert me when a search is made. No search has been made through them. It appears to be only Experian who have been involved, according to all the previous posts. What does this say? I think I'll contact Equifax customer services and make an enquiry about MCO. I'll let you know when I get a response.

If you write to MCO, all you're doing is confirming that the details on the letter are correct, ready to be passed to the next scammers. They can't prove I've even received the letter demanding payment; it wasn't sent by recorded delivery. I'll wait and see what happens. If they issue a court summons, which would have to be the next step, I'll contest it then, as they'd have to disclose their evidence in the court papers. They can't send in the Baliff without having been awarded judgement in the case, and HM Court Service would have to issue the Court Summons, giving 30 days to defend yourself.

All understood, and well reasoned, but I would still respectfully suggest that you are missing the point:
They already have your address, and probably dob. They've already demonstrated that they can manipulate the UK Financial system. Bailiffs are one thing, all the above applies, but licensed debt collectors can be pretty aggressive and can get away with a lot legally. This scam is very well organised, and may well have a secondary line of attack, involving more threats. It's not the legality that concerns me, it's the potential for more distress and worry for people who are entirely innocent, and the complete lack of both regulatory and criminal protection afforded by the system. By not contesting their assertions, any victim could by implication be accepting the liability. You would need a legal opinion that "denial of receipt" was evidence, I doubt it very much.
Each victim must decide for themselves what action to take, but I feel anybody failing to cover themselves against all eventualities may well regret it - not in legal terms, but what are you going to do if a couple of large, threatening individuals turn up having "bought the debt" from MCO, and demanding payment? Call the police? Where's your evidence that it isn't your debt? (That's when the police call a week later)

Oldbloke_2

colinho wrote: »

All understood, and well reasoned, but I would still respectfully suggest that you are missing the point:
They already have your address, and probably dob. They've already demonstrated that they can manipulate the UK Financial system. Bailiffs are one thing, all the above applies, but licensed debt collectors can be pretty aggressive and can get away with a lot legally. This scam is very well organised, and may well have a secondary line of attack, involving more threats. It's not the legality that concerns me, it's the potential for more distress and worry for people who are entirely innocent, and the complete lack of both regulatory and criminal protection afforded by the system. By not contesting their assertions, any victim could by implication be accepting the liability. You would need a legal opinion that "denial of receipt" was evidence, I doubt it very much.
Each victim must decide for themselves what action to take, but I feel anybody failing to cover themselves against all eventualities may well regret it - not in legal terms, but what are you going to do if a couple of large, threatening individuals turn up having "bought the debt" from MCO, and demanding payment? Call the police? Where's your evidence that it isn't your debt? (That's when the police call a week later)

I accept your points, but it's my understanding that a debt cannot be pursued by Baliffs or a Debt Collection Agency until a Court Summons has been served, judgement has been given, and a Warrant issued to Baliffs. Is this correct? I've only ever followed the full procedure once when chasing a debt, and then the company I was chasing went into liquidation!

colinho

Oldbloke wrote: »

I accept your points, but it's my understanding that a debt cannot be pursued by Baliffs or a Debt Collection Agency until a Court Summons has been served, judgement has been given, and a Warrant issued to Baliffs. Is this correct? I've only ever followed the full procedure once when chasing a debt, and then the company I was chasing went into liquidation!

I'm sorry to say that again, I believe that expectation of people in this field acting in a legal manner, is likely to lead to disappointment. The OFT guidelines for debt collection (google it, as I'm not allowed links yet in this forum) are not worded in such a way that court proceedings are a prerequisite. There are also confusing grey areas in terms of what constitutes "First party" and "Third Party" recovery actions. I seem to recall that a well-known major credit card provider set up a notoriously vicious debt collection agency, so they could harrass and intimidate people indirectly.
I claim no expertise in this field, but I've been around long enough to know that the system is inherently loaded against me (middle-class, honest, taxpayer), and that whenever I smell trouble, make sure that there's no area of potential problem that isn't addressed.
Here's a quote from some independent guidance:
Debt Collection Agencies – these agencies are private companies that collect debts on behalf of their clients. So, for example, if you fail to make payments on a credit product or a bill then the company may employ debt collectors to collect the money on their behalf. This can also involve the company ‘selling’ on your debt to the collection agency. Here, you then owe the debt collector the money and not the original creditor.
So I reiterate - it doesn't take long to write and e-mail to MCO/Helploan and create a paper trail which denies responsibility, and puts the onus of proof back on them. That documentary evidence is then presentable to either legal or dodgy parties, and in the case of dodgy parties, should you need police intervention, you are clearly in the right.