Minicredit Reviews 

I HAVE USED THESE PEOPLE MANY TIMES AND THE LAST TIME I WA S ONE DAY LATE,THEY PUT £50 CHARGE ON SO I REFUSED,NOW 6 MONTHS LATER IT STANDS AT£1210 ..I WOULD RATHER GO TO PRISON THAN PAY THESE RIP OFF '''''''' PLEASE STAY WELL CLEAR .ONE DAY THEY WILL BE CLOSED DOWN

My partner took out £100 loan through them, was given £80 of the money.
I'm not 100% sure why he didn't pay it back the following month but it jumped straight up to £300 odd..
He received a letter a couple of weeks later stating he owed £483.
We emailed them to ask for a breakdown as to why we were being charged this much. No response.
We wrote a letter stating we would repay the £100 original loan plus default payment and interest. Offered them £180. No response.
Checked his credit report the other day and it's showing over £800!!

Stay well clear from these thieves

I have used this company several times when i needed cash quickly and i have never been late in paying back. The whole setup is designed to rip you off with charges at every step of the process. I have recently changed banks and updated my details CORRECTLY and minicredit have verified the card and taken £1 ftom my account. I then apply for a loan and get a text saying my bank account does not match the debit card... which Is complete nonsense as i have used the card numerous times without issue, and they have been able to debit the card.Minicredit have now charged me £2.50 twice for reapplying and still refused the loan saying bank details incorrect. If I try and phone them it will cost a fortune in premium rate charges and they are very rude and unhelpful (i Know from previous contact). If you do get a loan the charges are very high and transfer fee of £19.50 is another rip off. Another tactic they use is to vary the amount you can borrow from month to month. E.g you get accepted for £400 pay it back fine then reapply a week or so later and you are only offered £100 so they have minimal risk and still rake in transfer fee. I will not be using these loan sharks again and will report them to the Fca.

This company is not interested if you are going through hard times. They will hit you with more and more fees which just add up and add up until you are broken. Rather go for Quick Quid or Wonga who are far more professional and understanding.

I applied for a loan through this company they claimed they couldn't confirm my details so would have to have me re do my card details which i did 5 times as they asked they me to do it they charged me £1 every time and still wouldnt accept my correct card details they also charged me £2.50 every time i tried to reply when i rang them up they 1st blamed me saying my details were not correct then they started blaming my bank. They Charged me nearly £20 and didnt even give me a loan never use this company as they will rip you off at least wonga dont charge you when they didnt give you a loan.

PLEASE don't touch this company no matter how desperate you are!!

£100 loan has now gone up to nearly £700 making it impossible to pay. There penalty charges are ridiculously high and by day 3 of late payment you will not be able to pay the debt!!!
They are just legal loan sharks!!!