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Welcome Financial Services & CFS Secured Loan Advice

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  • Welcome Financial Services & CFS Secured Loan Advice

    Hi - Hoping for some advice or steer in the right direction.* I have a secured loan on my property with Welcome Finance.* Loan was around 10k taken out in around 2008, from memory.* I have a balance or around 7k but I stopped paying this approx. 4 years ago.* Debt has been passed to CFS who continue to write to me with just a monthly statement, no fees or interest being added and they refer to my "mortgage arrears"*They have not been chasing the debt.** *I am in the process of selling my property and I am willing to offer settlement to get the charge removed but*some questions I have

    1) Is there a way to remove the charge without settlement to them? Court or Land registry application maybe?
    2) Is it worth negotiating a reduced settlement?
    3) I don't have any paperwork or records regarding the loan - would a SAR be recommended before any offer of settlement or a specific letter

    I have tried speaking to coast financial services via target but I cant get through, no email address either


    Any advice or recommendations is appreciated - I have never had to do this before so working a bit in the dark regarding next steps.
    Tags: None

  • #2
    The best and the rightest advice would be to find a good advocate who will help you with this question. Nobody will help you better than a good lawyer and finally, you can be winning this process. Everywhere you have to manage your business and deal together with the law because it helps a lot everybody. I'm taking the loans usually from https://cashcomet.co.uk/payday/15-mi...irect-lenders/ because we have already good cooperative relationships and they offered me a lot of facilities.
    Last edited by JamesR777; 10th September 2020, 06:21:AM.

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    • #3
      Originally posted by dougie0277 View Post
      Hi - Hoping for some advice or steer in the right direction.* I have a secured loan on my property with Welcome Finance.* Loan was around 10k taken out in around 2008, from memory.* I have a balance or around 7k but I stopped paying this approx. 4 years ago.* Debt has been passed to CFS who continue to write to me with just a monthly statement, no fees or interest being added and they refer to my "mortgage arrears"*They have not been chasing the debt.** *I am in the process of selling my property and I am willing to offer settlement to get the charge removed but*some questions I have

      1) Is there a way to remove the charge without settlement to them? Court or Land registry application maybe?
      2) Is it worth negotiating a reduced settlement?
      3) I don't have any paperwork or records regarding the loan - would a SAR be recommended before any offer of settlement or a specific letter

      I have tried speaking to coast financial services via target but I cant get through, no email address either


      Any advice or recommendations is appreciated - I have never had to do this before so working a bit in the dark regarding next steps.
      I think your first steps could be an SAR ( lots of templates on here) Welcome Finance themselves are in Adminstration.
      As I understand this IF they could prove anything Welcome themselves cannot pay what they owe so you would be the bottom of a long list .
      Last edited by dogtired; 15th September 2020, 05:12:AM. Reason: Spelling
      Never give up, Never surrender.

      Comment


      • #4
        Perhaps loan advice is really what I need now. I need a loan, but I`m not sure where to apply. I started reading some information on the internet, and found the site https://laanius.dk/kreditnu-laan with reviews and descriptions of loan providers. Some of them seem very interesting, as their conditions are rather attractive. Maybe this site will be helpful for someone else.
        Last edited by Cattledog; 18th November 2020, 17:43:PM.

        Comment


        • #5
          Originally posted by Cattledog View Post
          Perhaps loan advice is really what I need now. I need a loan, but I`m not sure where to apply. I started reading some information on the internet, and found the site https://laanius.dk/kreditnu-laan with reviews and descriptions of loan providers. Some of them seem very interesting, as their conditions are rather attractive. Maybe this site will be helpful for someone else.
          Sorry wrong site/thread. I suggest you look again elsewhere
          Never give up, Never surrender.

          Comment

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