welcome finance

[rick73]

hi
I have just had a notice of arrears from welcome finance which I the first I have had in over 6 years.do I have to repay or does this come under the statue barred debt banner?

[ostell]

Re: welcome finance

So you haven't been making any payments for those 6 years? When was the last date that you made a payment? It could be Welcome looking to see if you still exist. You must not admit to them that you acknowledge the debt.

[rick73]

Re: welcome finance

tbh forgot all about them also can't see them on. my credit file but unfortunately a ppi company have contacted them about ppi no payment has been maded in this time.

[nemesis45]

Re: welcome finance

tbh forgot all about them also can't see them on. my credit file but unfortunately a ppi company have contacted them about ppi no payment has been maded in this time.

Good morning Rick,

Do you know when the account was defaulted and/or when the last payment was made?


The PPI matter is separate from the actual debt.

What type of account was it, loan, secured loan, HP motor finance, how much is owed?

nem

[rick73]

Re: welcome finance

hi the default date on letter is Nov 2016 but have not paid in 6 yrs and no contact from them untill that letter it was for a personal loan.

[nemesis45]

Re: welcome finance

hi the default date on letter is Nov 2016 but have not paid in 6 yrs and no contact from them untill that letter it was for a personal loan.

Can you post a copy of the letter here please after removing your name and address and the account number?

Are you saying that Welcome has only just defaulted the account?

I would send Welcome a request under the provisions of the Consumer Credit Act `1974 for a copy of the agreement for the loan, there is a template in the green box at the top of the " court claim " forum.

Use a postal order for the £1.00 statutory fee and mark it" for statutory fee only".

nem

[seduraed]

Re: welcome finance

It's entirely possible that no default has been issued. There were thousands of accounts which were hidden away when not paying . This was to inflate the share price. This is part of the action which destroyed Welcome finance. It may be the account is about to be sold in which case a new default will have been issued.
If you are unlucky they will find the original agreement.
Did you claim on the PPI?

[rick73]

Re: welcome finance

no not yet

[rick73]

Re: welcome finance

what doing this mean I acknowledge the debt thou.

[rick73]

Re: welcome finance

Another letter from welcome it's actually a statement on it says took loan out 2007 but first statement from them was 2016 after ppi bothered them.

[pt2537]

Re: welcome finance

Another letter from welcome it's actually a statement on it says took loan out 2007 but first statement from them was 2016 after ppi bothered them.

Can i ask, what was the term of the loan? How many months was it over?

[rick73]

Re: welcome finance

48 months

[pt2537]

Re: welcome finance

Ok thanks, so just to be clear when was the last payment on this matter?

[rick73]

Re: welcome finance

I honestly don't know but says on back will show any transactions made since October 2008 and there's none there

[rick73]

Re: welcome finance

Can i ask, what was the term of the loan? How many months was it over?

5 years I think so long ago can't remember tbh