MCO Capital loan

Oldbloke_2

The credit report that I have for MCO Capital Ltd. states:

Date Incorporated: 15.1.2008
Date Latest Accounts: 31.12.2008
Legal Form: Private Limited
Previous Names: Mobile Credit Online Capital Ltd.
Registered Office: Imperial House
SIC Code and Operations: 7499 (1992) Non-trading Company Dormant
Parent Company: COF Capital OU
Director: Tuomo KK Maki
Secretary: MW Law Services, 15-19 Imperial House, Kingsway, London WC2B 6UN
Legal Notices/Filing History: 19 May 2009 Intention To Dissolve Company

I've also come across Tuomo's home address in finland and his DOB!

It's interesting that all addresses are Imperial House, but different organizations. The holder of the Consumer Credit Licence is at this address as well. Copy and paste his name and put it into Google. His profile is on Linkedin....

caverncaperer

Are these actually separate companies? According the OFT CCA Licence they appear to be, and Mobile Capital Online never appears to have traded.

Oldbloke_2

caverncaperer wrote: »

Are these actually separate companies? According the OFT CCA Licence they appear to be, and Mobile Capital Online never appears to have traded.

When I tried to get a credit report on Mobile Credit Online Capital Ltd., MCO Capital Ltd's details came up.

geomacl

Elaine1965 wrote: »

There are many Tuomo Mäki led firms and in Estonia is a sister company whose name is identical or almost identical to the Finnish company. There is a morass of shell companies and holding companies in the complex network. The Finnish companies principal owners are rich Estonians that own Prossimo and TCF Holding. Prossimo Investments set up ABC Kapital, a company which flogs "off the shelf" companies. Kapital ABC has also created Finland based Ege Finance. As previously discovered, Estonia seems to be the base of the network. The CEO of Ege Finance lives in, you guessed it, Tallinn. 1Credit Oy is part of this network and they all do the same payday loan type stuff.

Perhaps of note is that the Estonian government outlawed "overpriced" loans with a cap on loan interest rates. Finland is obviously successful for them so they are looking for another soft market. Apparently Finland is to follow the Estonian idea of capping loan interest rates in December.

Exactly what I found from my trawl of the web - the interest rates in Finland are much smaller than they are charging here - and, as you say, this Tuomo Maki is everywhere. Surely the UK regulators need to be alerted to this and to take action - has anyone made an approach to the FSA?

geomacl

Oldbloke wrote: »

The credit report that I have for MCO Capital Ltd. states:

Date Incorporated: 15.1.2008
Date Latest Accounts: 31.12.2008
Legal Form: Private Limited
Previous Names: Mobile Credit Online Capital Ltd.
Registered Office: Imperial House
SIC Code and Operations: 7499 (1992) Non-trading Company Dormant
Parent Company: COF Capital OU
Director: Tuomo KK Maki
Secretary: MW Law Services, 15-19 Imperial House, Kingsway, London WC2B 6UN
Legal Notices/Filing History: 19 May 2009 Intention To Dissolve Company

I've also come across Tuomo's home address in finland and his DOB!

It's interesting that all addresses are Imperial House, but different organizations. The holder of the Consumer Credit Licence is at this address as well. Copy and paste his name and put it into Google. His profile is on Linkedin....

Why don't you apply for a loan in Tuomo's name :rotfl:?

beatfraud

The Warwick address is owned by Warwick University Science Park. In response to an email I sent yesterday, I have had the following email from the centre manager of the Warwick address.
The book-keeping and helpline services for MCO Capital are at the Innovation Centre. It's registered office is 5th Floor, Imperial House, 15-19 Kingsway, London WC2B 6UN.

This is a legitimate company making short term loans to individuals. It is not a "scam".

The letters which are sent out come from the collection agent used by MCO Capital, Intrum Justica, on the basis that the information supplied to MCO Capital is correct.

You should contact the 'phone number on the letter and tell Intrum Justica that you have no knowledge of the loan. A brief letter to the registered office would be an added security.

The collection process will then be halted and an enquiry instigated.

I had my second MCO letter on Saturday and today I have sent via recorded delivery a second letter to the Imperial Hs address and for good measure I have also sent a copy of letter to the Portland Hs address.
Not really expecting a reply but if I do receive one I'll let you know.

geomacl

This whole issue has a smell about it that is totally unbelievable. MCO Capital are obviously trying to do in the UK what the authorities i n Finland and Estonie have stopped them from doing????

dimdog

geomacl wrote: »

This whole issue has a smell about it that is totally unbelievable. MCO Capital are obviously trying to do in the UK what the authorities i n Finland and Estonie have stopped them from doing????

You have PM Geo.
Since so many people all received the same letter at once this whole thing has stunk to the heavens. I mean surely any loan company would twig there was something going on if they had such a sudden surge in loan applications. As for sending "debt collection" letters with no prior warning, well that was breaching protocol left right and centre so again didn't sit right. Now the rapidly changing addresses and links to previous fraud?
It'll all come out in the wash...hopefully.

geomacl

dimdog wrote: »

You have PM Geo.
Since so many people all received the same letter at once this whole thing has stunk to the heavens. I mean surely any loan company would twig there was something going on if they had such a sudden surge in loan applications. As for sending "debt collection" letters with no prior warning, well that was breaching protocol left right and centre so again didn't sit right. Now the rapidly changing addresses and links to previous fraud?
It'll all come out in the wash...hopefully.

Welcome dimdog - what do you mean by PM? We are all victims here and will do all that we can to help each other. We will also do all thaqt we can to draw attention of the authorities to MCO Capital (at the very least they should be sanctioned for the massive - almost 1000% - interest rates.
From our (admittedly) limited view of their previous behaviour, there is no question of "protocol" being broken - more like obliterated!!!

dimdog

geomacl wrote: »

Welcome dimdog - what do you mean by PM? We are all victims here and will do all that we can to help each other. We will also do all thaqt we can to draw attention of the authorities to MCO Capital (at the very least they should be sanctioned for the massive - almost 1000% - interest rates.
From our (admittedly) limited view of their previous behaviour, there is no question of "protocol" being broken - more like obliterated!!!

Sorry I meant Private Message, thought as soon as I typed it that maybe not everyone knows the same forum jargon. Your message inbox is towards the top right of the forum. It seems the interest rates you mention have not gone down well in other countries from what I could understand from the finnish translation of the media expose above.