MCO Capital loan

Debtfreeatlast_2

Although I agree with you that something doesn't feel right, I do not see what benefit they are gaining?

colinho

Debtfreeatlast wrote: »

Although I agree with you that something doesn't feel right, I do not see what benefit they are gaining?

Let's assume that they (whoever the crooked party is) are harvesting names/addresses, with specific demographics. Perhaps people over a certain age? Also assume that this is on a big scale, of thousands, and that maybe no real money is actually being loaned at all, or that the mysterious Lloyds Birmingham account to which the money is seemingly being paid, is just a circular route. Lets then take the scenario where some nice elderly person is being threatened by debt agencies, courts, or even bailiffs, there's a fair chance that they will pay some or all of the "loan" to get rid of the problem.
They'll have already discovered that they aren't going to get any help from the authorities/police. You don't need a very high percentage of victims to pay up, to have a nice little earner going, especially as you will be very confident that you aren't going to be troubled by police or regulatory problems. Finland is an EU member state, so it should be possible, maybe even with a civil action, to get the guy behind this arrested - but it would need somebody with more legal knowledge than me, and the support of one of our useless agencies.

CaptainSmirnoff

I totally agree with what you are saying. I doubt if any money has changed hands. In my photocoppied badly worded letter from Helploan they made reference to a debt collecting agency. It would be impossible to fraudulantly create thousands of bank accounts for £300 a time.
They must be stopped

colinho

CaptainSmirnoff wrote: »

I totally agree with what you are saying. I doubt if any money has changed hands. In my photocoppied badly worded letter from Helploan they made reference to a debt collecting agency. It would be impossible to fraudulantly create thousands of bank accounts for £300 a time.
They must be stopped

I've had a fruitful hour, talking to SFO (enough "loan" letters moves the fraud into their territory, I honestly believe it may be that big) and OFT. I may have to eat my words if either acts quickly and in a manner which deals out some justice. They both suggest they are investigating as of now, and will act if they find criminality. If you are a victim, don't just sit there, write to the press, call the SFO and especially Trading Standards and OFT, and ask them to investigate and close down the scammers.

geomacl

colinho wrote: »

I've had a fruitful hour, talking to SFO (enough "loan" letters moves the fraud into their territory, I honestly believe it may be that big) and OFT. I may have to eat my words if either acts quickly and in a manner which deals out some justice. They both suggest they are investigating as of now, and will act if they find criminality. If you are a victim, don't just sit there, write to the press, call the SFO and especially Trading Standards and OFT, and ask them to investigate and close down the scammers.

Hi Colinho
Based on your post above, I have just called the SFO and the guy I spoke to had not heard of MCO Capital but said he would investigate further and get back to me!!!!

colinho

geomacl wrote: »

Hi Colinho
Based on your post above, I have just called the SFO and the guy I spoke to had not heard of MCO Capital but said he would investigate further and get back to me!!!!

Good work - the point that I think we need to make is in an earlier post:
"have just visited imperial house kingsway london.
MCO capital are not there and there were a lot of letters(some recorded) at reception.
I was told that they would be forwarded to MCO.
If you look at the MCO website there is a different address."

Now this is the address that is being handed out by government agencies like ActionFraud, and various publications, on which victims should contact MCO to explain their lack of liability. No bona fide company would operate in this way. I would guess that there's a telephone/email connection available to Experian/Agencies, and that MCO gave them a statement that "they were the victims of ID fraud".
Fine - then why would MCO still be handing out their £ 300 loans to people with incorrect data on their Credit References? Weeks later? Are our agencies too lazy to check the money trail?
Easily done, see earlier posts.
How easy would it be to send the same £300 to a bank account, collect it, and resend it, showing a payment has occurred, then you could claim it was any number of people who had asked for it.

How many of us have tried to contact Helploan/MCO and failed? I've telephoned, emailed, and written. Nothing. Sound like an honest operation? I don't think so. It's a scam, very clever, and they've suckered ActionFraud as well.
As long as enough of us get angry, and politely request some action on a frequent basis, we'll get the solution and some answers a lot faster.

Mabe

To date my husband has had 3 letters we have contacted the action fraud line who have said nothing to be concerned about and MCO have learnt a very harsh lesson and are working closely with the government ot sort out all fraudulant claims.

We are sending a letter recorded delivery today telling MCO we have not requested or received any of this money (which we are not signing- you never know).

We have checked my husbands credit rating and on the first request MCO had the incorrect month for his DOB all the checks have us living at our current address alot less time than we have. Have also contacted the poilce and have a crime number.

I appreciate that we have been advised it nothing to be too worried about but when you have had 3 letters it is obviously very stressfull - action fraud line said they have had alot of issues raised but no one with 3 letters as yet.

Hopefully we can ALL get this sorted very soon

colinho

Mabe wrote: »

To date my husband has had 3 letters we have contacted the action fraud line who have said nothing to be concerned about and MCO have learnt a very harsh lesson and are working closely with the government ot sort out all fraudulant claims.

We are sending a letter recorded delivery today telling MCO we have not requested or received any of this money (which we are not signing- you never know).

We have checked my husbands credit rating and on the first request MCO had the incorrect month for his DOB all the checks have us living at our current address alot less time than we have. Have also contacted the poilce and have a crime number.

I appreciate that we have been advised it nothing to be too worried about but when you have had 3 letters it is obviously very stressfull - action fraud line said they have had alot of issues raised but no one with 3 letters as yet.

Hopefully we can ALL get this sorted very soon

Sorry to hear you are getting so much hassle - just be careful with the recorded delivery, because that is a "signed for" item. I've known recorded delivery letters that aren't signed for, to disappear in the famous "we left a card telling them to collect" vacuum, in which case MCO could deny having received anything from you. If they should prove to be dishonest (you probably have an idea how I feel about that), they could also simply deny it.
Send two copies of your letter, one to the London address, and one to the Warwick address, use "proof of posting" slip from the post office for the London envelope, then you have evidence, including time and location, that you have tried to contact them. Use Recorded delivery for the Warwick address, and also send an email with return receipt and delivery notification checked to Customerservice@helploan.co.uk with a copy or a summary of your letter, asking for confirmation of receipt from a named individual.
Try not to get too wound up, we're all in the same boat, but we have quite a lot of paddles;-) Without valid documentary evidence of you or your husband being responsible, all they can do is threaten - and they probably will. They won't let it get near a court, as they haven't a hope in hell of getting any of these to stick.
To all the victims, I'd also ask that we put in writing to Experian and other credit agencies, our outrage that they have accepted searches of our accounts with clearly incorrect/fruadulent data. They too, have a duty of care.

geomacl

Colinho
This address is also being given out by Experian (who were surprised that it appeared to be only a mailing address!!) I have also had a call back from the SFO (Nigel) who advised me that the SFO are NOT taking up this case.
The SFO suggested that I call the CIB (Companies Investigation Branch ) - whatever that is - at (I have telephone # but as a newbie cannot include it for some reason?). I did and spoke for ages to an answering machine leaving a case outline and a contact address so that they could send me a "form"!!! <yawn>
Not sure what else to do for now?
Why can't I send links?????

Elaine1965

Goedemiddag meneer ***********,

Als u de lening niet heeft aangevraagd of u verdenkt er iemand anders van dan kunt u aangifte doen bij de politie.
Helaas zijn wij niet verantwoordelijk hiervoor, en kunnen we de lening niet annuleren.
Als u een politierapport heeft dan kunt u deze opsturen, zonder dit bewijs kunnen wij helaas niets.

Met vriendelijke groet,

Klantenservice
____________________________________
Which means we can't do anything about it etc. This in response to my mail to Mr Tuomo Kari Kustaa Mäki who, unless I am terribly mistaken, seems to be the common denominator in all of this. Here is my view:

The credit reference agencies like experian and creditexpert make money out of scaring you sh*tless about your "credit rating". It is in their interests that they promulgate the myth of MCO Capitals existence to get you to sign up. Knowing these blighters called MCO do not exist Trading Standards/Plod/SFO should demand of the credit reference agencies that they annul any entries relating to MCO and its many soubriquets.

Scaring those not quite as ravaged with the problems of intelligence as I am is one thing. Making money out of a fraud is clearly another.