To keep it brief, I had a secured loan with welcome in 2004. Lost my house in 2008. Welcome chased me for 5 years and eventually caught up with me and arranged over the phone a new loan to cover the debt on an unsecured basis. Here's where the problem lies, I never signed a new agreement for the unsecured loan. I have spoken to them on numerous occasions and they simply tell me if I stop paying they'll take me to court. I have spoken to the financial ombudsman but they can do nothing as it is a case for the courts due to the welcome finance ruling in 2013 where no outside company are allowed to change agreements already within there book. Where do I stand surely this is not enforceable.