MCO Capital loan

Oldbloke_2

Hi chaps,

As ever, I've been keeping an eye on the posts and firstly, Jahman, I hope your father is on the mend....it must be a difficult time.

Like many of you, I was interested by Jame's post, and have now emailed Experian as requested.

I think it pertinent to ask why Experian do not do checks on the British companies that they service. MCO have a zero credit rating, non-trading status, accounts that were submitted late to Companies House, and the data is still unavailable at the time of writing.

If it's difficult for individuals to find out about themselves, how can searches be made by an organization such as MCO?

Experian_company_representative

grahamqat - MCO uses Experian for credit checks. They also use some of our identity verification tools. They are a licensed to lend in the UK and they satisfied our stringent new client checks.

piglets3 - I don't know what has happened I'm afraid but if you drop us a line using the email address on my biog on here I'll ask a colleague to look at this for you.

jarman - if a fraud victim gets in touch and hasn't seen their report yet we provide it free of charge, as do the other agencies. There's also an option on our phone lines for victims of fraud to leave a message for a call back. Re passwords, by law all lenders HAVE to read notices of correction on credit reports. If you have evidence of this not happening I would like to see it please. I think we also advise victims to get a Protective Registration through CIFAS which should further ensure that future credit applications are checked very carefully.

James Jones

Oldbloke_2

MCO are only licensed to lend from their registered office premises, an office that is not occupied by the company.

grahamqat

Hi James, why would your company supply chargeable services to one with a zero credit rating (MCO)? Did you ever get paid?

Oldbloke_2

Nice one grahamqat :rotfl:

Oldbloke_2

Just had a response from Experian regarding the email I was asked to send to their identity fraud people; very prompt I must admit.

It says they're going to write to MCO, but how can you write to a company that only exists in cyberspace? Do a google search on MCO and nothing comes up apart from this scam; no advertising anywhere in the UK, no bona fide information anywhere other than Companies House, and that's out of date!

Experian_company_representative

grahamqat wrote: »

Hi James, why would your company supply chargeable services to one with a zero credit rating (MCO)? Did you ever get paid?

MCO are simply very new to the UK market. I'm sure as they become more established here they'll grow a bigger footprint. Yes MCO do pay for the Experian services they currently use.

James Jones

grahamqat

Hi Oldbloke - Yes you're right. How do the Police investigate MCO; who are they talking to and at which office? I did a RiskDisk search on MCO and they did return late, but the return was just all zeroes. Even a non-trading company should have something on their balance sheet but MCO have nothing.

Also, the company secretary is listed as MWLAW SERVICES LTD. How can a company secretary be a limited company and not a real person? The only director listed is:

TUOMO KARI KUSTAA MAKI at:
BRENDANKLOA, 2 F 7, ESPOO, F102750.
DOB: 18/05/1973

Hey that's enough info to get a loan!

geomacl

grahamqat wrote: »

Hi Geomacl - the way I see it: the sending of a letter asking for a loan repayment that doesn't exist is attempted fraud. It isn't excused by saying MCO was a victim of ID fraud. There are reports from police that some people have actually repaid the non-existant loan out of fear. At this time I have seen no report of anyone getting their money back. As the loan letter constitutes a crime a CRN can be given. Also, there will be lots of evidence that ID fraudsters have applied on-line because that is what the web-sites are designed for. If the NFIB are carrying out such a good investigation ask yourself:
Why are people still getting letters?
Why are the web-sites still operating?
Who are the Police actually talking to? There is no evidence MCO have anyone in the UK. AF say on their web-site that IJ are standing in for MCO.
I'm not sure there is an investigation. As you say AF monitor the site and could update everyone as James has tried to do. They choose not to.

I fully endorse (and would also like answer to) your questions grahamqat.
These are questions I regularly ask and no-one from AF/NFIB ever tries to answer. Anytime you email helploan the email is directed abroad - here's typical response I received:

"Hello,
I have forwarded your concerns in regards to this matter to the appropriate department. Please wait for their answer. Many thanks!

Best regards,
Help Loan customer service

Lähettäjä: Geomacl [mailto:geomacl@xxxxxx.co.uk]
Lähetetty: 24. syyskuuta 2010 16:52
Vastaanottaja: [EMAIL="customerservice@helploan.co.uk"]customerservice@helploan.co.uk[/EMAIL]
Aihe: Fraudulent loan Reference13653-XXXXXX"

I have changed my email name and address for obvious reasons but the foreign language (Finnish?) headings are obviously
From:
Date:
To:
Subject:

Biggest questions -
WHY DOES MCO NEVER ANSWER ANYTHING BUT DEFERS TO INTRUM JUSTITIA?
WHY ARE LETTERS STILL BEING SENT OUT?

geomacl

grahamqat wrote: »

Hi Oldbloke - Yes you're right. How do the Police investigate MCO; who are they talking to and at which office? I did a RiskDisk search on MCO and they did return late, but the return was just all zeroes. Even a non-trading company should have something on their balance sheet but MCO have nothing.
Also, the company secretary is listed as MWLAW SERVICES LTD. How can a company secretary be a limited company and not a real person? The only director listed is:

TUOMO KARI KUSTAA MAKI at:
BRENDANKLOA, 2 F 7, ESPOO, F102750.
DOB: 18/05/1973

Question for James from Experian - how can a reputable CRA like Experian deal with a company such as that described above by grahamqat??????:eek::mad:
Welcome back OB - we've missed you!