Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I have a secured loan. I have paid back £17,000. The original loan amount was £17,000. After 7 years of paying monthly I still owe £17,000!! I have noticed template letters on the internet to request debt write off. Does anybody know if this has ever worked for a secured loan? The loan is with Welcome Finance. Many Thanks
On what grounds would you be asking them to write off the loan? As it's secured, I'd say there's next to no chance of them doing so.
There are other ways to approach this though. Start by requesting a copy of the agreement (cost £1) and do a Subject access request (£10). Send both letters, in the same envelope if you want, by at least recorded signed for. Most people would say print your name and don't sign, but I would suggest signing as normal and then putting a line through so any attempt at a cut and paste job will be obvious.
RMW
I am not an expert in law, finance or any related field, I just read a lot. Any advice is based solely on what I've read so please don't take it as gospel without checking it out yourself.
I prefer not to give advice by PM. If you want me to look at something, send me a link to your thread, and if I can help I'll reply on there.
Write off Secured Loan
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