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  • FIRST POST
    • Terry1446
    • By Terry1446 14th Jun 19, 7:39 PM
    • 1Posts
    • 0Thanks
    Terry1446
    Idem debt transferred to mars capital
    • #1
    • 14th Jun 19, 7:39 PM
    Idem debt transferred to mars capital 14th Jun 19 at 7:39 PM
    Hi, we had a secured picture loan then moved to idem and when we recently asked for a settlement we got correspondence saying that it had been transferred to Mars capital finance. Does anyone have any dealings with them? We were just about to start negotiations with idem for full and final settlement when the loan was “transferred”.
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 14th Jun 19, 9:32 PM
    • 26,114 Posts
    • 13,281 Thanks
    jonesMUFCforever
    • #2
    • 14th Jun 19, 9:32 PM
    • #2
    • 14th Jun 19, 9:32 PM
    No dealings with them here but would like to point out that if the loan is secured they hold all the aces - ultimately they could foreclose on you - unlikely I know - don't go in with a ridiculous low offer - make a reasonable offer and see what they say.
    What goes around - comes around
    give lots and you will always receive lots
    • nutbeam
    • By nutbeam 2nd Jul 19, 6:02 PM
    • 9 Posts
    • 0 Thanks
    nutbeam
    • #3
    • 2nd Jul 19, 6:02 PM
    Mars Capital "Process"
    • #3
    • 2nd Jul 19, 6:02 PM
    Following a call with these "people", front line staff defer any offer with, " the process is, you need 2 estate agents to value the property and fill in an income and outgoings form". After questioning how this would assist they responded, "any discount is based on negative equity" and they also responded when asked, " a number of people have agreed a discount".



    I told them to raise a complaint and give me a final redemption figure and the name of a senior manager that can make decisions.

    Go for the attack and make a nuisance of yourself.


    As I believe they are planning an interest jump as many others have had a direct debit go out which was more than before it moved from idem...
    Last edited by nutbeam; 02-07-2019 at 6:04 PM. Reason: further info
    • Rapier69
    • By Rapier69 25th Aug 19, 8:13 PM
    • 3 Posts
    • 1 Thanks
    Rapier69
    • #4
    • 25th Aug 19, 8:13 PM
    • #4
    • 25th Aug 19, 8:13 PM
    Mars Capital are pirates, they snatched our mortgage from another company, after paying them for 15 years we realised we were going to hit a patch in 4 months where we could not pay the full amount for six months and asked for help. They told us they would switch us to an interest only loan for that period, but delayed and stalled until we were in the period and defaulted, at which point they jumped in and issued an eviction.

    If you are with them bail out as fast as you can, all they want is to grab your equity.
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