Mercantile Recovery Solutions

[sofiak]

hi im new to this website im a bit confused after reading everyones posts. can someone tell me please is mercantile recovery solutions a kegit company an should i pay them any debt i owe?

[jon1965]

Re: Anyone heard of Mercantile Recovery Solutions?

Yes they are legit but is what they say you owe real. In the words of s friend of mine tell us more

[sofiak]

Re: Anyone heard of Mercantile Recovery Solutions?

Yes they are legit but is what they say you owe real. In the words of s friend of mine tell us more

yes the debt is real but after reading everyones posts about there license an stuf i was in doubt wether they are real.

[jon1965]

Re: Anyone heard of Mercantile Recovery Solutions?

Yes they are real I have checked them out. However what type of debt is it and when was it taken out. I ask because if it's a payday loan there are often illegal charges etc on it and it would be foolish to pay these until it is sorted, if it is a credit card or loan depending on when it was taken out the agreement has to have certain things in it before they can enforce it.
Niddy and the Mods will give you excellent advice.

There are no stupid questions (unless asked by jon1965)

[sofiak]

Re: Anyone heard of Mercantile Recovery Solutions?

Yes they are real I have checked them out. However what type of debt is it and when was it taken out. I ask because if it's a payday loan there are often illegal charges etc on it and it would be foolish to pay these until it is sorted, if it is a credit card or loan depending on when it was taken out the agreement has to have certain things in it before they can enforce it.
Niddy and the Mods will give you excellent advice.

There are no stupid questions (unless asked by jon1965)

hi yes its a payday loan that was taken out over a year ago. there are no extra charges on it only what i had borrowed at the time?? should i go ahead an pay them?

[jon1965]

Re: Anyone heard of Mercantile Recovery Solutions?

Well it's entirely up to you.
I guess some of it depends on your circumstances, personally as I am on income based benefits and have lots of creditors I am paying them all the same which is nothing.
Morally I think PDL's are evil and deserve everything they get (or not as the case may be) however SOME Pdls have been known to go to court or so I believe although not many, and some have marked defaults on credit files but I would think if you were using a PDL your credit will be shot anyway.

Personally if you are happy to have a default marker on your credit file I would leave them to bluster. IF they go down the court route make an offer to pay.

How much is it for if you don't mind me asking

[sofiak]

Re: Anyone heard of Mercantile Recovery Solutions?

Well it's entirely up to you.
I guess some of it depends on your circumstances, personally as I am on income based benefits and have lots of creditors I am paying them all the same which is nothing.
Morally I think PDL's are evil and deserve everything they get (or not as the case may be) however SOME Pdls have been known to go to court or so I believe although not many, and some have marked defaults on credit files but I would think if you were using a PDL your credit will be shot anyway.

Personally if you are happy to have a default marker on your credit file I would leave them to bluster. IF they go down the court route make an offer to pay.

How much is it for if you don't mind me asking

its £600

[jon1965]

Re: Mercantile Recovery Solutions

Hi Sofia
Are you going to pay them or do you need help fighting them?

[SXGuy]

Re: Mercantile Recovery Solutions

First the op needs to decide based on his/her situation.

Rather than just saying dont pay, need to establish the effect it will have in obtaining credit, and whether obtaining credit has already been ruined.

Unenforceablilty is not for everyone.

[jon1965]

Re: Mercantile Recovery Solutions

SX
I totally agree and that is what I said earlier on in the thread, they need to decide what they want to do and weigh up the pros and cons.

[Never-In-Doubt]

Re: Anyone heard of Mercantile Recovery Solutions?

hi yes its a payday loan that was taken out over a year ago. there are no extra charges on it only what i had borrowed at the time?? should i go ahead an pay them?

I wouldn't! Any damage with CRA's is already there so paying them now will achieve nothing, other than self preservation maybe but we don't work with that - so in my opinion, I'd forget about it...

If they get in touch again then we can always guide you to a F&F Offer which may work out a lot cheaper.

[sofiak]

Re: Anyone heard of Mercantile Recovery Solutions?

I wouldn't! Any damage with CRA's is already there so paying them now will achieve nothing, other than self preservation maybe but we don't work with that - so in my opinion, I'd forget about it...

If they get in touch again then we can always guide you to a F&F Offer which may work out a lot cheaper.

hi i think i will go ahead an pay as i have already agreed with them . but if i do need anymore help i will certainly get back to u