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welcome secured loan sold to coast


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the debt is well statute barred

 

it's secured matey

 

Having said that there could be a situation where the lender doesn't realise this. A Sar is a good idea for sure.

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Hi

No reason why you cant do both

 

SAR Welcome and CCA the solicitors then they should know that they have to wait . CCA request is a good method of getting breathing space.

 

Peter

Edited by Dodgeball

DO NOT PAY UPFRONT FEES TO COLD CALLERS PROMISING TO WRITE OFF YOUR DEBTS

DO NOT PAY UPFRONT FEES FOR COSTLY TELEPHONE CONSULTATIONS WITH SO CALLED "EXPERTS" THEY INVARIABLY ARE NOTHING OF THE SORT

BEWARE OF QUICK FIX DEBT SOLUTIONS, IF IT LOOKS LIKE IT IS TO GOOD TO BE TRUE IT INVARIABLY IS

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  • 7 years later...

Hi guys.

I originally posted about our Welcome issues back in 2011

. Sadly very soon after, my mum was diagnosed with terminal cancer and what with that and several other personal problems i didnt actually take the advice offered any further and other than, as with many other people that have posted about them we have just been receiving the 6 monthly arrears notice with no other contact.

 

Now we have been informed that Coast finance have bought our account and the original worries have raised their ugly heads again.

 

I have read a few other posts with people in similar situations and am hoping one of the Welcome finance experts would be able to offer some advice as to what we should do now.

 

The original secured loan was for approx £19-20000 and we have been informed that we owe £27000. We got only ever paid a few months as we went bankrupt several months after taking the loan out and have never really got back in nto a position to be able to start repaying again following health issues for both my wife and myself.

 

I am expecting the letters and threats to begin arriving again soon and would really appreciate some advice on how to handle this new version of our situation?

 

Many thanks in advance

 

Any help would be much appreciated?

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Merged with your old existing thread

 

Is the charge still showing against the property on land registry site?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi

 

I am sure you have read all about my situation so will not bore you.

 

However just to say I have found the kind folk on this forum very helpful and they have knowledge that can assist us.

 

The advise to me was send CCA, send SAR and evaluate refunds on any PPI / Unfair Charges.

 

Also look to see if the famous MIF charge is on your account.

 

The one thing that strikes me about all cases surfacing concerning Coast Financial Solutions is they have brought a job lot of very promatic accounts. I think they probably purshased then for pennies.

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As with a batch they sold to prime see the cruz thread

Its the only way they can get any return on them

 

Foriegners that no know better

No uk company will touch them

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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THANKS

 

I am sure your observation dx100uk is correct so maybe we can use it to our advantage.

 

However it would be intersting to know what Coast paid for those accounts but I understand we will never know.

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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My my. All these welcome finance threads popping up over the last few days.

 

Dx youre going to have to get them hands dirty again..

 

I’m almost off your hands now.

 

1 more week :-)

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https://eservices.landregistry.gov.uk/eservices/FindAProperty/view/QuickEnquiryInit.do

 

Go on here will cost you £3 make sure you save it

 

If you need further info you may have to fill in this and pay another £7 https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/713417/OC2__2018-05-25_.pdf

 

 

Wait and see what’s on the deeds first

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If you’ve paid the £3.

 

You now need to dig further the oc2 form needs to be filled in and it will give you more gen on the legal charge that you won’t be able to get anywhere else

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Do i need that info right now though?I have done the £3 one just to check it was still on there.

 

Im expecting the letters etc to start soon as Coast take over in a couple of days and would like to know the best way to proceed once they do because as i stated above we can't afford to pay them.

 

I don't mind doing it if i need it now but i still would like advice on how to deal with them?

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progressive could change to coast. At any point they haven’t even got to notify you they’ve changed name over on LR.

 

If you don’t know what loan details the charge relates to then I would.

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I do know what the loan relates to, it's a secured loan we took out in 2005/6. I put the information about it in earlier posts but i'm hoping to get some advice how best to deal with Coast as we won't be able to pay them.

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Wait till they write

Then scan it up

Dont ever ack you know there is a Charge

The court shiuld write and inform you of a change of ownership application

 

Poss 1st reply will be a CCA request

 

Is this a joint debt on a jointly owned property or just a loan in one of your individual names

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

you both signed the agreement?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Im pretty sure we did. It was 12/13 years ago and we dont have any paperwork now.

 

They massively massaged all the figures at the time as we didn't meet the criteria which ive heard they did for a lot of people.

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