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I am new to this but really need some help with Welcome Financial Services. In 2006 we took out a loan for £7K and then upped in within a few months to £10K. We suffered financial difficulty and the loan is now in default and currently with the department at the stage before going to court with all interest frozen etc.
We have been paying £250 a month for the last year since going to this department but in the last couple of months my sitution has gone temporarily to pot!!! The Inland Revenue have reduced my tax code to 194L due to an error back in 2009 and subsequently my pay has gone down one hell of a lot. This is hopefully in process of being rectified and am hoping that in the next few weeks everything will be back to normal :-)
This nightmare has meant that I have had to reduce payment with my creditors temporarily and 99% of them have understood and said "yes mrs suebus thanks for letting us know etc etc" Welcome however have been awful and at one point told me that they wouldnt accept a reduced payment from me to the next breath biting my hand off for it. Now I have very little to last me the month until next pay day but I have had yet another call from them at work when I have asked them and my boss has told them not to phone me here!!! I am not entitled to an early settlement (sorry if thats not the right term) as I wanted to save up the money and just get rid as I am only 71% bad debt and need to be 80% or something and I had a payment change at some point. I have paid them £16,060.34 and still owe £4851.51 and feel as if I am stuck in this trap I will never get out of.
They are now demanding bank statements and for me to recommence payment immediately. I have said that if they send me a DD mandate I will recommence on my next pay day but will not send in my bank statements. He said I will have to return mandate by 15/06/13 which is fine if I get it on time with my bank statement. If I do not recommence payment he told me they are going to get (not going to court to request) an attachment of earnings on my salary. Where do I stand, how can I get out of this mess??? If anyone can help me with this I would really appreciate it. I have 3 kids a bad heart and really dont need the stress! :-( Oh there is no PPI on the account, I had that back and they refinanced the loan because of it 3 years ago. This is my last mistake that I need to rectify financially but its also the worst
We have been paying £250 a month for the last year since going to this department but in the last couple of months my sitution has gone temporarily to pot!!! The Inland Revenue have reduced my tax code to 194L due to an error back in 2009 and subsequently my pay has gone down one hell of a lot. This is hopefully in process of being rectified and am hoping that in the next few weeks everything will be back to normal :-)
This nightmare has meant that I have had to reduce payment with my creditors temporarily and 99% of them have understood and said "yes mrs suebus thanks for letting us know etc etc" Welcome however have been awful and at one point told me that they wouldnt accept a reduced payment from me to the next breath biting my hand off for it. Now I have very little to last me the month until next pay day but I have had yet another call from them at work when I have asked them and my boss has told them not to phone me here!!! I am not entitled to an early settlement (sorry if thats not the right term) as I wanted to save up the money and just get rid as I am only 71% bad debt and need to be 80% or something and I had a payment change at some point. I have paid them £16,060.34 and still owe £4851.51 and feel as if I am stuck in this trap I will never get out of.
They are now demanding bank statements and for me to recommence payment immediately. I have said that if they send me a DD mandate I will recommence on my next pay day but will not send in my bank statements. He said I will have to return mandate by 15/06/13 which is fine if I get it on time with my bank statement. If I do not recommence payment he told me they are going to get (not going to court to request) an attachment of earnings on my salary. Where do I stand, how can I get out of this mess??? If anyone can help me with this I would really appreciate it. I have 3 kids a bad heart and really dont need the stress! :-( Oh there is no PPI on the account, I had that back and they refinanced the loan because of it 3 years ago. This is my last mistake that I need to rectify financially but its also the worst
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