Mini Credit

Company Name: Microcredit Ltd.
Site Description: Cash loans, Payday loans | MiniCredit - Get Cash in Minutes (as on the lender website).
Website: minicredit.co.uk

Mini Credit payday loans Features

Maximum loan amount: £100
First loan amount: £100
Typical APR: 2229%
Finance charges: 30%

Mini Credit payday loans Eligibility

Must have a UK mobile phone number
You must be currently employed.
You must be currently employed or have regular income transferred to your UK bank account
You must be at least 18 years of age at the time of the application.
You must be a resident of the United Kingdom.

Our Review

New lenders in UK. Have the SMS loans capability like txt loan. Maximum loan amount they allow is £100. They charge a fee of £1 for registration.

To know more about this lender do a quick search in the consumer forums of UK and hear what people have to say about it.

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8 comments

Appalling customer service. They hung up on me. I was told that the details didn't match those that I had given to Visa Card Secure. What a lot of rubbish. Now I failed their checks I can never apply for a loan with them again.

They keep your £1 and then decline you, think how much this adds up to from the thousands of applications!

...to those clients, who know how to plan their finances (and repay their loans in time)!

Our service is meant for people who value their time and innovative technologies.

That doesn't address the concerns listed here though, does it. Threats or implied threats are not acceptable by lenders under any circumstances.

Although they have failed to email back to verify that they agree these are the words used.. this is what happens when you miss a payment and offer a letter to resolve the issue rather than pay on their telephone demand....

Call 2
\"who owns minicredit, who am i borrowing the money from"
"thats classified information to you"
"its classified to know who i am borrowing money from?"
"i will suprise you"
"how will you suprise me"
"if i told you it wouldnt be a suprise would it"
"do you accept this sounds initimidating"
"you can take it how you want"
"so you will suprise me"

Call 1
"I dont think you know who you are dealing with"
"that is intimidating, I have offered a letter as advised by the CCCS,
consumer credit councelling service, a UK legal entity by first class
post to resolve it"
"thats not acceptable"

-DO NOT USE THEM (in my opinion of course) they are a horrible, horrible set of people

This lender was fine until i fell into financial difficulty and couldnt afford to pay. they use threatening behaviour to scare you into paying the full amount - telling you they will contact your employer and disclose all your personal information (which is actually illegal under data protection and OFT guidelines). I have demanded they take me to court for the money. Trust me, steer clear from these or read the terms carefully before borrowing. they are nasty, nasty people and will not listen to your circumstances if you fall behind. i would suggest another lender such as provident, for short term loans

Yeah, watch out ... was all approved and then declined at last minute through credit check! Not as simple as it says on the website unfortunately, however very polite and easy to get hold of

watch out because they DO credit check you