Welcome finance and MKDP issue

[twist305]

Hi all,

Glad to be here, hopefully I can get some help with my problem below.

A little background knowledge to my issue - I had a car loan with Welcome taken out back in 2003. I got into a dispute with Welcome about the loan back in 2006/2007 regarding the fact the loan still had PPI on it even though I had requested it was removed.

I started the process of SAR/CCA with Welcome in Dec 2008 but they cashed the postal orders and received the recorded letters but did nothing - I later found they'd gone into administration and this is probably why my dispute fell by the wayside.

Now I was checking my credit report and the loan was purchased by MKDP back in 2010 and then defaulted. Now where do I stand with them? I still have the original postal order and recorded delivery receipts from the post office with Welcomes address on the bottom so they were delivered back in 2008.

Can I start my dispute again (though they don't exist so might be hard) can I statute bar the debt as it was originally back in 2003 though according to MKDP I made a payment for £30 31/3/2008 (which I have a feeling was a information request- nothing happened so I followed up with another again in Dec 2008 nothing happened again) but hard to prove.

Info on my credit report:

Account type: Hire Purchase
Account status: Default
Date last updated: 18/02/2013
Account opened: 31/05/2003
Account opening balance: £3858
Repayment frequency: Monthly
Default date: 01/01/2010
Original default balance: £3858

Would welcome will have had to default this before selling it on? So will it be stat barred from their initial default date?

I was looking at paying it and just getting it out the way, but after finding out even paying them off doesn't help as a satisfied default is just as bad as a default.

Any help greatly appreciated as I'm going round in circles now - who to SAR, who to dispute, is it even enforceable?

Thanks

[Celestine]

Re: Welcome finance and MKDP issue

If last payment was in 2008 then the debt will automatically go Statute Barred in March 2014.

Almost certainly unenforceable.

Dont you dare pay them a penny Twist!

xxx

[twist305]

Re: Welcome finance and MKDP issue

If last payment was in 2008 then the debt will automatically go Statute Barred in March 2014.

Almost certainly unenforceable.

Dont you dare pay them a penny Twist!

xxx

Thanks very much for your post,unfortunately this has only come to light as I'm desperately trying to get a mortgage, baby on the way, living with relatives so that we can manage to save up a deposit (renting in London ate all our income!!).

This led to the credit check - now as lovely as it seems not to pay a penny to welcome/mkdp we just can't live with the inlaws for another 12 months ( been here 4 months - would probably destroy our sanity not to mention put an incredible strain on our marriage). Hence my reasoning to want to remove it/get rid - is this my only option? sit tight wait till March or can I SAR Welcome look for original default notice, if sent at all, and then stat bar it from then? I have a funny feeling WF defaulted it way back in 2003 when i started the whole remove the PPI discussions with them - of course this has vanished off any CReport.

Thanks Twist

[dogtired]

Re: Welcome finance and MKDP issue

Take Cels advice,!
And dont trust Welcome !