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Welcome Finance - Secured Loan - Not securd on anything


lolly1977
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Hi all,

 

Have read numerous threads and posts regarding Welcome Finance and am utterly disgusted that so many ppl have been so porrly treated.

 

I have a problem with welcome with I am currently trying to rectify to no avail.

 

I originally took out an unsecured loan with Welcome and subsequently it then ended up being a secured loan in the sum of £***** with repayments of £262 per month. No problem, however then I had financial problems and had to sell the property the loan was secured upon with Welcome's consent. I am not sure if I have PPi on the loan but do know that on the first loan I did and the subsequent loan paid off the 1st, so assuming they follow suit etc. Anyway I sent SAR on 10th June, received acknowledgement on 2th June asking for £10 for documents which I sent on 30th June however, not received by welcome as yet.

 

The problem I have is I am unsure if the agreement is unenforceable due to it no longer being secured on any property. Another probelm I have is recently I have had to reduce my payments to a lower amount and have again got their witten approval however they have defaulted my credit file 6 times and are hounding me weekly for my payments to revert to original payments. Can anyone advise how I stand and what my best course of action is please.

 

Many thanks is anticipation

 

Laura:confused::confused:

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