I'm new to the forum but have used it on many occasions for financial help!
The problem is I've had a lot of trouble financially which resulted in my house being reposessed. I had a secured loan with Welcome finance against the property too.
After the repossesion there was a shortfall with the mortgage company and Welcome, I tried to make arrangements to pay people back but it all became to much of a strain. I am looking into an IVA but Welcome are giving me a lot of grief! They are constantly phoning my house, mobile and work despite me asking them not to. They have been to my door on several occasions too.
I have told them I have no money because if I did I would pay them something and that I am trying to get an IVA organised however they told me that they are going to arrest my wages and take up to 44% from me. Can they do that? I thought you would have had to go to court etc before all that happened.
Now I don't have the property the loan is no longer secured and as there wasn't enough from the repossesion to pay back the mortgage company or the loan I have both of them chasing me! I really am in abit of a mess and can't seem to see a way out. Welcome are really pressuring me to make a payment that I don't have and I really don't want my wages to be arrested either! I'm starting to freak out thinking they could do that any day now! I am hoping to get my IVA up and running in the next month.
Any help or advice would be greatly appreciated.