Welcome finance help!!

[michlawson]

I'm new to the forum and am lookig for some advice with Welcome Finance.

On the 18 May 2005 I took out a personal loan, on the 13 Nov 2007 the loan was settled with a top up loan, with paid of the original loan ad gave me some extra money. I defaulted on the loan. Now it appears that the loan was settled on the 05 Jan 2010.

From 2007 I heard nothing at all from Welcome and as I had an idea they were no longer trading I thought the debt had been wiped out.

In June this year I received a letter from a debt collection party, I have tried to ignore it but I know it needs to be dealt with, I'm not really sure were to start and if I start to communicate with them will I be opening up a can off worms that I can control.

Any advice would be very helpful.

Mich

[miliitant]

Re: Welcome finance help!!

who is the debt agency

is it MKRR

[michlawson]

Re: Welcome finance help!!

It isa company called Raven recoveries

[miliitant]

Re: Welcome finance help!!

raven is MKRR under a different name aka trade pro

[miliitant]

Re: Welcome finance help!!

how do you want to play this

with a ppi reclaim you will prob end up with welcome owing you money, let alone their unlawful charges

when was the last time you made any payment

[michlawson]

Re: Welcome finance help!!

Would I get this back even though I haven't paid the loan back?
I have no original paper work.

[miliitant]

Re: Welcome finance help!!

might i ask how muCh was the loan and how many repayments were made

the ppi reclaim will be on the first loan and no doubt they would have loaded the second agreement with this insurance crap also

WHEN WAS THE LAST TIME ANY PAYMENT WAS MADE

[michlawson]

Re: Welcome finance help!!

The first loan I paid for 7 months then got another loan from them, paid off the rest of the original loan then I paid a further three months then went into default and I could manage it any more.

Last payment was Jan 2008

The letter from Raven recoveries says they are going to refer the debt to Keynes collections for litigation , would this all be the same company (MKRR)

[miliitant]

Re: Welcome finance help!!

Sane crap=different nappy

i will deal with this tomorrow for you

[labman]

Re: Welcome finance help!!

Militant - I'm sure you know this already, but make sure you scrutinise the refinancing loan thoroughly and any subsequent statements of account.

[dogtired]

Re: Welcome finance help!!

subscribe with intrest

[miliitant]

Re: Welcome finance help!!

OH YES

WAS ONE LOAN USED TO PAY OFF THE OTHER
DID THEY DO AN INSURANCE REBATE
ETC
ETC

DONE THIS MANY TIMES

[labman]

Re: Welcome finance help!!

Better safe than sorry! lol

[michlawson]

Re: Welcome finance help!!

'I'm not sure whether there was insurance or not as I have no paper work but they are asking for £7,248.81

Sorry I made a mistake in my first post the Loan was started in may 2007 not 2005.

[michlawson]

Re: Welcome finance help!!

Evening All

Do I need to send Welcome an SAR letter to get things started and see what information they have, including the original signed agreements?