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Minicredit £100 loan now $1049
Comments
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I had an identical situation with OPOS as you are having. Same loan amount and the exact same amount they were demanding back. I got them to accept £500 in the end, I couldn't get it any lower than that. I bit the bullet and paid it to get them off my case. They do have a live chat service on their website. Maybe try talking to them on there to haggle it down instead of sending letters and emails but if the do offer you a settlement your happy with, ask them to email the offer to you. Good Luck!!!0
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thanks! will try to do that0
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Oops I just created a new thread before I found this one.
I too am in the same situation, even down to the seemingly updated defaults.
Did anyone ever come up with a solution for disputing these old, ridiculously inflated debts?0 -
They're not inflated. When you take out £100 at 1000% APR it becomes a £1000 debt after 12 months if you don't make any repayments. That's what 1000% interest does to an amount.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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As this thread was started almost 2 years ago I'm going to close it.0
This discussion has been closed.
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