Hi

In 2001 we took out a secured loan on our home for 10,000. To cut a long story short we fell into financial difficulties and missed some payments, we were hounded day and night by these leeches. We contacted national debt line who advised us that a nuber of welcomes loans were unenforceable and could we send our agreement to them so their solicitor could look over it. It turned out that it was unenforceable but Welcome told us they would never remove the charge from our property untill we paid in full. In 2006 we remortgaged and offered welcome 5000 to remove the charge, they snatched our hand off. My question is should they have taken this 5000 to remove the charge? I have a copy of our credit file which states that they wrote off the loan before we paid the 5000. Is it worth starting a compliant with the FOS? Did they take this money from us illegally?

Thanks:)

i sonway

dont want to be a damp squid, but no chance

the reaon they snatched your hand off is they know its a lousy agreement.

at the time you did not have to pay them any thing.

but at the end of the day, the debts exsists.

as the agreement was crap, the charge was not a problem to remove.

like most people, we did not know how to deal with things like this.

the likes of welcome walked all over us and we accepted it.

how times have now changed.

as long as you have no default just forget about it and put it down to experience

Thanks for the reply. Would love to get revenge on them in the future.

ive a good record againt welcome

revenge is indeed

sweet

many more to come if i have any thing to do with it

Wish i could get my 5k back!

Hi

We are currently in the process of sorting our debts out with the hope of becoming debt free fairly soon,

some of you will probably have read some of my recent posts relating to different DCA'S,

however, this one with Welcome is probably going to be the most complicated and any opinions/advice etc would be greatly appreciated.

We took out a loan with them in 2001,

we fell behind with this due to job loss.

To cut a long story very short the harassed us night and day,

called our family,

asked me to sell items in the house and jewellery to pay them each week,

they also knocked on our neighbours doors to ask where we were if we were out.

In the end we moved out of our home into rented accomodation as we could not stand the harassment anymore.

We then found out that our loan could infact be unenforceable and as it was we were able to move back to our home, which we did.

We did not pay Welcome another penny and recieved no further contact from them.

We then came to a point where we were able to re mortgage our property which we did,

but welcome wanted £5000 to take the charge of our property,

we paid this to get rid of them once and for all,

however i believe now that we should not have had to pay such a large sum of money to take the charge off.

I am thinking of doing a CCA request to them to try and claw some PPI etc back from them.

Is it worth it and can i still request a CCA even though the account is closed?

Any advice will be much appreciated as i feel that they are laughing due to the 5K that we paid to the robbers.

How much was the amount owing to

Welcome when the charge was placed??

Sorry post ended and can't edit??

I think you would be better doing a Subject Access Request, so

that you get all the data including that on the charge,

the cost is £10.00 and they have 40 days to comply,

there is a template in the CAG library.

I am just looking for the credit agreement but im sure it was 14k (ish).

Soryy if i didnt make it clear, it was a secured loan when we took the loan out

What was the default sum if it was more than 5K

you did well.

we never recieved a defualt notice. I also have evidence of numerous charges added to the account, £20 to visit our home.

My question is, if the laon was unenforceable does it remain secured on a property, and should it have cost 5k to remove?

the arrears were only £858.72

That 's why I believe you need the SAR as it is

not a matter for speculation you need hard facts,

so unless you have retained every bit of correspondence

regarding this both your and theirs you have I think

little chance of making a competent claim.

oh dear i was hoping for a successful claim, will the SAR request help this or am i wasting my time?

Hi sonway, In my opinion if you try to

make a claim personally or through litigation

without having every bit of info from the charge

to the PPI and charges it will cost you time and money.

For ten quid you can know all that Welcome hold on

the account and what actions were taken.

Going in not fully prepared is unwise.

Your decision of course.

Im happy to do the SAR. even if i won £5 it would make me feel better!

Just didn't want to see you perhaps

fall at the first hurdle due to lack of

basic info on the dealings within Welcomes

dingy world:madgrin:

Thanks. it wont be a problem that the account is closed will it?

No, they may moan that they only keep

records for 6 years which is bunk they have to keep

them for 6 years after the closure just tell the

to get on with it if they try anything an say you will inform the ICO.

Brig.

What was the default sum if it was more than 5K

you did well.

just to let you know, never give up with welcome, i didnt and i got them to write of £5000 !!, just let them keep harrasing you then when you feel you have enough threten them for harrassment they will melt they did with me and wiped it off.

This ones a closed account, but thanks for your

input.

then if its a closed account and the OP owes nowt to welcome

nice windfall coming!!

dx

That's exactly why I want them to have

all the ammo to blow Welcomes WAGON:madgrin: out

of the water.

really? u reckon we cud win this?!