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  • FIRST POST
    • JTD91
    • By JTD91 17th Apr 18, 3:09 PM
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    JTD91
    Mini Credit/Kapama Limited old loan issues!
    • #1
    • 17th Apr 18, 3:09 PM
    Mini Credit/Kapama Limited old loan issues! 17th Apr 18 at 3:09 PM
    Hi all

    So back in 2011 when I was in my late teens, struggling for cash and stupid I got a quick payday loan from mini credit for 200. Basically from what I can remember the repayment date was set up a couple of days early, it bounced and they then began adding charges daily and with every payment attempt... I contacted them to try and pay the original amount, I think they wanted nearly double at this point so I panicked as I couldn't afford it and buried it.

    Anyway years later, it is showing on my clearscore (equifax account) under Kapama Limited for 1033, under closed accounts last updated in 2016. For some reason, they have a shortened, incorrect version of my name which I never give and an incorrect address which I lived at as a child/teenager before moving out in late teens. I never gave them this address, god knows how they have it.

    Anyway I'm at a loss as what to do, 7 years later I have a full time job but with 2 children so adding another monthly bill would stretch things. Should I contact and ask for settlement? Ignore it and hope it drops off my credit file in a few years time? Be really cheeky and dispute it as they have the wrong address and name? I know the moral thing to do would be just ring up and pay it, however I can't afford to dump a grand on it, especially as I borrowed it when I was a moron at 18/19 in an already bad financial situation.

    I'm looking to get a mortgage in a few years to get a bigger home for the family but know this will have a big negative effect on my applications.

    Any advice welcome,

    Many thanks!
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