• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Coast Finance Solutions vs Welcome Finance

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Coast Finance Solutions vs Welcome Finance

    Hi, just joined this website as I am after some advice on a secured loan taken out with Welcome Finance that has been sold on to Coast Finance Solutions. We have been struggling with paying the full monthly contractual payment of £317 for many years and had an agreement in place with Welcome to pay £175 per month with all interest frozen. Coast took over the loan around a year or so ago and have been hassling us to make higher payments which we will struggle to afford. They sent a field agent to the house (we apparently have to pay extra for this visit) last week whilst we were away on a short family visit, who left a letter through the door asking us to contact him by a certain date. As we were away we missed this date and have contacted him now but he has already filed his report back to Coast to say he had no contact from us. He suggested we up our payment slightly to an affordable amount and inform them of this via email or letter (they have no email address according to their Arrears Dept) stating that we have done this and that we had checked and it is an affordable amount to us and that we will review in 6 months. Whilst trying to find an email address online I have stumbled across the fact that Welcome Finance have now ceased trading and that any loan with them will not be pursued for payment. Does this apply to us with our loan being sold on? Or are we now liable to Coast? What will happen if we keep paying the amounts that we are currently paying? Can they force us to pay in full? Thank you in advance for any replies/advice
    Tags: None

View our Terms and Conditions

LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
Working...
X