MCO Capital loan

grahamqat

Hi Tom - probably a good idea. Just been on the Action Fraud web-site however and found this:

MCO Capital Limited


If you’ve received a letter from MCO Capital Limited asking you to repay a loan you haven’t taken out, you should report it to Action Fraud. [28 September 2010]



Do not ignore letters to repay a loan
If you have received one of these letters, do not pay any money but DO NOT IGNORE IT. It may affect your credit rating and you may find bailiffs on your doorstep if you do not take action. You are also being advised not to contact MCO Capital Limited directly.


Seems from this that AF are suggesting not to contact MCO. Looks like they're shifting their stance away from ID theft?

geomacl

Tom_Violence wrote: »

Going to mail off my MCO letter in the morning, is the Bressenden Place address the best one still to use ?

Tom - that is the advice given by MCO - but there are folks on this forum who advise that it's best to send a letter to their registered address in Imperial House, Kingsway, London.
I have sent letter to both - cost an extra £1.15 for recorded delivery but what the hell - it keeps Royal Mail in business!!!
Remember to include CRN in letter and DO NOT SIGN
I suggest that you simply type "sgd" after your name at the bottom of the letter.
I have seen the AF advice re not "communicating directly with MCO" but I believe that that refers to phoning them - when I called they specifically recommended that I write a letter to MCO quoting the CRN they gave me!!!

colinho

geomacl wrote: »

Tom - that is the advice given by MCO - but there are folks on this forum who advise that it's best to send a letter to their registered address in Imperial House, Kingsway, London.
I have sent letter to both - cost an extra £1.15 for recorded delivery but what the hell - it keeps Royal Mail in business!!!
Remember to include CRN in letter and DO NOT SIGN
I suggest that you simply type "sgd" after your name at the bottom of the letter.
I have seen the AF advice re not "communicating directly with MCO" but I believe that that refers to phoning them - when I called they specifically recommended that I write a letter to MCO quoting the CRN they gave me!!!

George, there's a new statement up on the Actionfraud site, directly from NFIB - think they do mean "don't communicate with mco."

Oldbloke_2

Wow...there's been a lot of posts since I last checked!

Hi grahamqat,

I know we haven't spoken yet, but I feel like I know you already, having read the entire thread several times by now, I would think. Your posts then were very helpful.....thank you.

The reason you've had a second letter is that the first came from Gothia, and this one's from Intrum Justitia, as the debt agency seems to somehow have been transferred a couple of weeks ago. I couldn't understand how two firms were involved, but in someways you've answered the question. I'd suggest looking at their website, just google the name, and calling one of the numbers, (enquiries or switchboard), and explain that you've had a letter. The bloke I spoke to said he'd put my account on stop, and told me to contact AF for a CRN (which I've already got). I think they've been hit very hard.....no one likes being a victim of fraud.

What do you mean by that? you might say....well, if the official line is now not to contact MCO at all, then it's obvious to me; in fact you posted the answer in one of your first posts. How many debt agencies have been hit by this is anybody's guess. Agencies like this don't just act on their clients behalf, they BUY debt.

I've run out of time for now and won't post all day. Bye for now....

geomacl

colinho wrote: »

George, there's a new statement up on the Actionfraud site, directly from NFIB - think they do mean "don't communicate with mco."

Thanks Colinho - have just seen it - posted yesterday - here's url
http://www.actionfraud.org.uk/mco-capital-limited-sep10
It seems that NFIB mean - NO MORE CONTACT WITH MCO******
Very interesting - what does this tell us???

colinho

geomacl wrote: »

Thanks Colinho - have just seen it - posted yesterday - here's url
http://www.actionfraud.org.uk/mco-capital-limited-sep10
It seems that NFIB mean - NO MORE CONTACT WITH MCO******
Very interesting - what does this tell us???

We can certainly hope that it means what ob suspects - the debt collectors have been scammed. With luck, mco, too ;-) maybe I underestimated that Osborne fellow;-)

grahamqat

Hi Oldbloke,

Thanks for the kind remarks. It's only been folk like yourself on this forum that have stopped me really worrying about all this.

This might be a really obvious question, and one that has possibly already been asked, but here goes anyway:

Has anyone on the forum ever heard of someone actually getting a loan from MCO?

Would be interested to find out. There are enough views of this thread to make findings significant. Thanks folks.

colinho

grahamqat wrote: »

Hi Oldbloke,

Thanks for the kind remarks. I'ts only been folk like yourself on this forum that have stopped me really worrying about all this.

This might be a really obvious question, and one that has possibly already been asked, but here goes anyway:

Has anyone on the forum ever heard of someone actually getting a loan from MCO?

Would be interested to find out. There are enough views of this thread to make findings significant. Thanks folks.

There are other forums in which you can find people who have had loans from "Helploan", so it's entirely possible that they have made a number of "real" payments, to real individuals. Our legislators and FSA should all be made to answer for a situation in which Estonian loan merchants are (by act of parliament) prevented from preying on their own population, but are welcomed here with proper licensing and accreditation. They are not only allowed to run with very dodgy accountability, but even when mass fraud appears, our government agencies are way behind the public in spotting it, our trading standards and police do nothing to help victims, and as of today, Helploan are still apparently operating.

geomacl

grahamqat wrote: »

Hi Oldbloke,

Thanks for the kind remarks. I'ts only been folk like yourself on this forum that have stopped me really worrying about all this.

This might be a really obvious question, and one that has possibly already been asked, but here goes anyway:

Has anyone on the forum ever heard of someone actually getting a loan from MCO?

Would be interested to find out. There are enough views of this thread to make findings significant. Thanks folks.

Like Colinho I have seen on other sites/forums cases where people have actually taken out loans from Helploan. All not realising that there was £213 added for charges/interest - one specifically didn't actually seem to have realised what he'd done but £300 arrived in his bank account??? Very odd!!! Or just plain dumb????
I haven't seen anyone on this forum who has actually received £300!!
I see that our forum has now reached over 17,000 hits - well done for starting it grahamqat

grahamqat

Thanks for the input Colin. It just crossed my mind that perhaps the sting is yet to come when MCO sell thousands of non-existing unpaid loans to debt collectors? They will have many details of applicants from their web-site (some real, some made up possibly), and a portfolio of apparent debt that they might then attempt to sell on. If the debt collectors are as lax in their procedures as the lenders, then MCO stand to make a lot of money by scammimng them.