Minicredit help! £80 loan, 28 days late = £381!

ssswww

ExNicotineQueen wrote: »

I think you'll find Borough High St most of the shops have the same postcode so just because the first search brings up that restaurant, doesn't mean that is their premises.

It's not just the postcode, the restaurant and Minicredit are both run from 30 Borough High Street

ExNicotineQueen

Oh, I see, how odd!

[Deleted User]

Hmm. The whole thing does have an air of "You borrow money! We make good deal, we make much happiness for you, you no worry bout that!"

ssswww

The state of their website and customer support is enough to make me wonder how the hell they have a credit licence, let alone the fees they charge.

Tixy

Most of borough high street are buildings that are 3-4 stories - and its quite usual for offices to rent the higher floors and shops/restaurants to be on the ground floor.
The website is terrible though - I'd have thought even if people were desperate enough to consider getting payday loans they'd have found a better put together outfit than these chaps.
The directors are Estonian - which would explain the language/grammar.

ExNicotineQueen

Using their website calculator, the minimum amount I could have would be £100 and if I chose to repay it in 30 days time I would owe them £130. Is this the same rate/amount you had to pay? I can't see anywhere where it says you can have £80?

Ninjawombat

Deleted_User wrote: »

Hmm. The whole thing does have an air of "You borrow money! We make good deal, we make much happiness for you, you no worry bout that!"

:rotfl::rotfl::rotfl:

ssswww

ExNicotineQueen wrote: »

Using their website calculator, the minimum amount I could have would be £100 and if I chose to repay it in 30 days time I would owe them £130. Is this the same rate/amount you had to pay? I can't see anywhere where it says you can have £80?

They deduct a £20 transfer fee from the loan so a £100 loan is £80 in your bank. Despite claiming no hidden charges and doing a transfer via faster payment service which is free to use.

KingElvis

Mate I wouldn't mess with former Warsaw Pact lenders, they'll hand your head to you on a plate.

Peelerfart

But surely read all these from satisfied customers ! is someone saying that they are all perhaps not real ?

• "Thank you so much, received funds of £250. Was very impressed with the fast service! Rita August 2010"
• "Hi, just wanted to say thank you as the money is in my bank now within minutes. The fastest I have evern known. Thanks Kaylee. August 2010"
• "I am happy with Minicredit and have been using them last 9 months. Definitely helpful service! Margaret N. 25 April 2010"
• "Flexible payday loan conditions and easy application received my payday loan in less than 2 hours! Michael C. 12 April 2010"
• "You gave me an exact loan amount what I needed. The process was very simple thanks use your service more no doubt! Mark L. 25 March 2010"
• "Friendly customer service, fast approval. Charlie B. 13 March 2010"
• "The man that dealt with my application offered me friendly customer service, will tell my friends about Minicredit, thanks. Sarah L. 08 February 2010"
• "Applied by text when shopping got message back instantly that I'm approved and money transferred, try it. Colin P. 23 January 2010"

SIMPLES!