Loan

[Ordy]

hi we had a secured loan with Welcome finance in 2007. This has now been taken over by Coast finance. It hasn't been paid for 6 years as l was never asked about payment after retirement age but the charge is still on my house. The loan would of gone on for 8 years after my retirement age why have there not taken action after all these years ordy

[GoodOldBoy]

I believe, but please check for yourself: If you have not paid ANYTHING or made a written admission of the debt for over six years (five in Scotland) I think there is a good chance it will not be enforceable and will be Statute Barred under the Statute of Limitations Act (2010). Read-up on it and come back with any questions.