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Welcome Finance : Outstanding Loan and Insolvency Query


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Hi,

 

Sorry or sounding so stupid here but not sure about all this.

 

I have a current loan that I am paying back with Welcome Finance have had this since July 2005 - currently got a claim for the PPI with Claims Advisory Goup and just requested the Compensation Application forms.

 

But my query is about my Loan, what happens to that if they are Insolvent? Do I have to pay it to another company or what?

 

Thanks for any help at all with this, just so I can get my head round it. Oviously if they are still selling loans they must be collecting them aswell.. Im not sure what exactly happens when a company this size goes Insolvent

 

Thanks

ELaine:?:

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