MCO Capital loan

gmill001

Nominet - who are the UK guardians of .co.uk web sites should be advised that the web is a scam and should be asked to remove it.
Also has anyone asked the FSA about this company? They should be registered with them.


Domain name:
helploan.co.uk

Registrant:
Mpoli Oy

Registrant type:
Unknown

Registrant's address:
hiomotie 19
helsinki
00 380
Finland

Registered through:
GoDaddy.com, Inc.


Registrar:
Key-Systems GmbH [Tag = KEY-SYSTEMS-DE]


Relevant dates:
Registered on: 19-Mar-2010
Renewal date: 19-Mar-2012
Last updated: 02-Jun-2010

Registration status:
Registered until renewal date.

Name servers:
ns.mpoli.com
ns2.mpoli.com
ns3.mpoli.fi

WHOIS lookup made at 10:53:28 23-Sep-2010

Robert00

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.Thanks for it.

CHR15

Are you guys grasping what is happening?

Helploan (MCO Capital) are ones who have been scammed.

Helploan have issued £3,000 loans to some scammers posing as you, they are now simply sending out payment requests as per the agreement.

All you guys have to do is report it to MCO as identity fraud (and whoever else you feel should know) to make them aware.

Of course, do not pay anything to them.

You MUST contact Helploan (MCO Capital) or otherwise, they will have no idea you have been a victim of identity theft and put late markers on your credit file using the details given when the scammer took them for a ride.


EDIT: Having said all that, an interesting comment from TerryJH on another post.

TerryJH wrote: »

Anyone checking on MCO may well find that it is a dormant company with £100 share capital and a sole director being one Tuomo KK Maki who is a resident of Espoo, Finland. Tough to see how they can even pay for credit searches let alone lend cash to anyone!! Makes me question the comments about their perceived legitimacy as seen on some web sites.....

colinho

Count me in as a victim as well - and thanks for all the advice and research that's gone into a lot of these (very helpful) posts.
Just to add : When I went to Glossop police station to log and get an Incident Number, the receptionist told me that I was the "umpteenth" person to come in with one of the Helploan letters.
If I'm the umpteenth in Glossop (hardly the centre of the universe), and judging by the uproar in this and other forums, doesn't this look like a very big scam, hardly the work of a couple of ID thieves poring over electoral registers in Birmingham? The numbers involved may well be thousands of people, not hundreds - and any company handing out money on the basis of credit checks which show incorrect data (I was not on the electoral register according to MCO check of my references, and they had the time at my address completely wrong), must know that it's a scam. Or perhaps that's the point? Experian had the two searches (initial and loan as reported by others) removed by MCO as soon as I posted Notice of Dispute (upon getting the week late Alert from CreditExpert). Date of scam was 3rd September by the way - "loan letter" arrived yesterday, so they are still clearly at it.
If there's anybody thinking of a class action, count me in!

Colin

Apples2

I wonder if anyone has actually looked into MCO's accounts.

Is there proof that they lent this money?

Just seems odd, I have never heard of MCO before this lot but they must have had a huge reserve to throw out so many £3,000 loans in such a short space of time (where did the capital come from??)

colinho

Apples2 wrote: »

I wonder if anyone has actually looked into MCO's accounts.

Is there proof that they lent this money?

Just seems odd, I have never heard of MCO before this lot but they must have had a huge reserve to throw out so many £3,000 loans in such a short space of time (where did the capital come from??)

Yes, I think that's my point. if this is really some guy in Finland running a major scam, it's showing up a complete failure on the part of the credit reference agencies in a "duty of care". That so many people seem to be going to the police, who duck taking any action, shows up serious deficiencies in their response to real criminal activity, and financial regulation that doesn't is a demonstration that our legislators need to start acting on the behalf of their constituents (I know that's a big ask).
Colin

Elaine1965

I am going to write to [EMAIL="tuomo.maki@rtffinance.com"]tuomo.maki@rtffinance.com[/EMAIL].

Debtfreeatlast_2

Well I had been inclined to think that Helploan and Balanceloan had been targeted and were innocent, but reading for of this I a mnot so sure.

I have a Creditexpert account, and reported the search and loan account to them, I also emailed both the above websites (both owned by MCO Capital Ltd) within 12 hours one of the websited repleid saying they would forward my concerns to the relevent department. Nothing since. Credit expert replied with


Following our email sent on 21 September 2010, we have received a reply from the company we contacted on your behalf.

MCO Capital Ltd asked us to delete their searches from your credit report.

To view this change once it has taken effect, please login to your report at

If you would like a letter, showing the change that has been made, please let me know.


WHAT THIS MEANS FOR YOU:


- Your report will change in the next seven days. Any companies searching your details will not see this information once the change takes effect.

- The Notice of Dispute statement relating to these entries will also be deleted.


FURTHER INFORMATION:


- We are trying to gather as much information as possible about identity fraud. The more information we have, the better placed we are to help and also to prevent fraud in the future. It would be very helpful if you could complete the attached questionnaire and return it to us.

You can return this as an email attachment, or print it and send it to the following address:

Victims of Fraud Team, Customer Support Centre, Po Box 1137, Warrington, WA4 9GR

Debtfreeatlast_2

Also I would like point out as far as I can find out all the loans were for £300 (payday loans) the demands are sent for payment 30 days after the loan was made and for £513 (£213 interest) Also my years at address was one month (way out) and there is a massive hole in their security check (which I would rather not point out!) but this hole I think makes them negligent and exposes them to this sort of fraud and I think I may well take this further!

Also the only snippets of real world news reporting are a Daily Mirror Blog and one Scottish local paper and a internet thisislondon article, and all these suggest that MCO Capital are a victim, no disrespect to these reports but how much digging has been done by them on MCO? And their articles made me more comfortable contacting MCO, I didn't give anything more away to them than they already know, but some might...

Does a paydayloan company lending no more than £300 have to have a Consumer Credit license or is this why they will only loan £300 to avoid proper local checks?

colinho

Debtfreeatlast wrote: »

Well I had been inclined to think that Helploan and Balanceloan had been targeted and were innocent, but reading for of this I a mnot so sure.

I have a Creditexpert account, and reported the search and loan account to them, I also emailed both the above websites (both owned by MCO Capital Ltd) within 12 hours one of the websited repleid saying they would forward my concerns to the relevent department. Nothing since. Credit expert replied with


Following our email sent on 21 September 2010, we have received a reply from the company we contacted on your behalf.

MCO Capital Ltd asked us to delete their searches from your credit report.

To view this change once it has taken effect, please login to your report at

If you would like a letter, showing the change that has been made, please let me know.


WHAT THIS MEANS FOR YOU:


- Your report will change in the next seven days. Any companies searching your details will not see this information once the change takes effect.

- The Notice of Dispute statement relating to these entries will also be deleted.


FURTHER INFORMATION:


- We are trying to gather as much information as possible about identity fraud. The more information we have, the better placed we are to help and also to prevent fraud in the future. It would be very helpful if you could complete the attached questionnaire and return it to us.

You can return this as an email attachment, or print it and send it to the following address:

Victims of Fraud Team, Customer Support Centre, Po Box 1137, Warrington, WA4 9GR

I do not for a moment believe that Helploan/MCO are legitimate. This reeks of scam, and one which our "authorities" must be aware of, from the number of people reporting this to their local police forces. Write to your MP demanding action. Now. Then right to your Euro MP demanding European protection from financial scams.