There are various ways to claim money from someone who owes you, one of which is by making a Money Claims Online. But, what is Money Claims Online and how does it work?
Answering Your MCOL FAQs
You’ve got the questions, we’ve got the answers. Here’s everything you need to know about Money Claims Online.
- What is a Money Claim Online?
A Money Claim Online – or MCOL – is an online service provided by HM Courts and Tribunals Service, designed as a convenient way for individuals to make a claim for money they’re owed by another party. This could be an unpaid invoice, loaned money that hasn’t been repaid, fault goods and services, and debts. The process is relatively straightforward and enables you to make a claim without having to step foot in court.
- What Types of Claims Does MCOL Handle?
If you have an address in England or Wales, you can use MCOL. A lot of different types of claims can be made via MCOL, as long as the amount being claimed for is less than £100,000. You can only use MCOL as a single claimant, and for claims against no more than two people or businesses.
- What Do You Need to Make a MCOL?
To make a MCOL, you need to have a valid debit or credit card to pay the court fees, an address in England or Wales, an email address and access to the internet. You must be able to have documentation proving that you are owed money, how much and by who.
- Can Everyone Use MCOL?
To make a MCOL, you must be over the age of 18, but not everyone can use the service. You can’t use MCOL if you’re eligible for legal aid, if you’re making a claim for compensation for an accident or injury, or if you’re intending to issue a joint warrant of control.
- Can a MCOL Be Made Against Anyone?
You can’t make a MCOL against everyone. For example, you won’t be able to use MCOL if you’re making a claim against someone under the age of 18, someone who lacks the mental capacity to make their own decisions, or if the claim is against a government department, such as the DVLA.
- How Much Does It Cost to Make a MCOL?
There’s a cost that comes with making a MCOL, ranging from £35 to £10,000 depending on how much you’re claiming for. You may be able to claim the fees back if you win the case.
- Can I Use MCOL Without a Lawyer?
Yes, MCOL has been designed to be a simple and straightforward process, and the system will guide you through every step. You don’t need to have hired a lawyer or solicitor to make a Money Claim Online.
Of course, there’s no guarantee that making a Money Claim Online will be successful, and the process can be time-consuming. This is why a lot of people choose to use a debt recovery agency. You can hand everything over to our debt collection experts, knowing that we work as quickly as possible to reclaim funds that are rightfully yours. Get in touch to find out more.
