MKDP Credit Report Entry

[cheops]

Hi,

 

I want to get my house in order so need some advice on what to do.

 

Back in late 2007/early 2008 I got an unsecured loan of £2000 from Welcome.

 

At the time it was set out at 25 payments of £199

 

I made payments for a while until I was out of work paying what I could and when.

 

in late 2008 they renegotiated my loan and setup a new one.

 

These are the details of what they said 61 payments @ £ 85 current Balance £ 3,771

 

I got a settled mark on my credit file and another loan was setup

now showing several months with a 6 mths late mark on each of these ,

 

this left me with a bitter taste in my mouth and was stupid to set this up,

to cut a long story short I haven't paid a thing because I felt as though i was ripped off,

 

I want to start paying it off but feel that it was underhand what they did at the time.

 

I believe I was sold various PPI's etc which may have esculated the total loan.

 

What should be my first step, I have no paperwork as I buried my head in the sand.

 

Thanks to anyone who can help.

[cheops]

Hi,

 

I had a loan with welcome finance back in 2008 and defaulted in May 2010.

 

Several months ago I noticed the default record had disappeared probably due to the 6+ markers everywhere which I think was wrong. Don't know why the record entry was removed.

 

I have logged in today and there is a new entry saying MKDP LLC default May 2010 for the same amount,

no history or anything just a simple (8) marker.

 

I know its probably a long shot but is there anything I can do?

 

Thankyou

[Stigman]

I know its probably a long shot but is there anything I can do?

 

Hi,

 

Sorry but no, Welcome Finance have sold the debt to MKDP, Welcome Finance have removed their Credit Reference File listing and this has been replaced and updated by MKDP which is correct and a true reflection of the account.

 

You will soon hear from MKDP notifying you of a change of debt ownership via a Notice of Assignment.

 

Because this is a Welcome Loan, have you claimed back any charges or PPI?

 

Is this loan secured or unsecured?

 

Stigman

[dx100uk]

get an sar running to welcome finance now

before your stuff hits the shredder!!

 

send MKDP a CCA request

 

or await their first letter

 

dx

[dx100uk]

two threads merged for history

 

is this the refinanced loan?

 

did you ever sign the agreement?

 

I would suggest PPI/Charges over the two accounts will prob wipe most this debt.

 

get that SAR off.

[cheops]

Hi

 

The debt is unsecured

 

I signed a refinanced agreement in 2009 I think I have no documentation I do remember loads of ppi for all sorts of things

[dx100uk]

def SAR welcome ASAP.

MKDP will sadly issue a claimfom I fear.

[cheops]

Ok thanks I'll get that sent ASAP

 

I will let everyone know when I get a response for the SAR

[cheops]

Does anyone know the address I should be sending to for welcome finance?

Also do I sent a straight £10 note?

And also do I send it registered?

Also what do I do if I dont know my account number?

 

thankyou

[cheops]

Does anyone know the address I should be sending to for welcome finance?

Also do I sent a straight £10 note?

And also do I send it registered?

Also what do I do if I dont know my account number?

 

thankyou

 

Hi Everyone

 

Can anybody help me with this?

 

Thankyou

[Stigman]

Does anyone know the address I should be sending to for welcome finance?

 

Welcome Financial Services Ltd,

Ruddington Fields Business Park,

Mere Way,

Ruddington,

Nottingham,

NG11 6NZ

 

Also do I sent a straight £10 note?

 

NO, only a Postal Order or a Cheque - a tenner note will disappear!

 

And also do I send it registered?

 

Yes by registered post, print off a copy from the Royal Mail website when delivered so you have a full track and trace facility in place.

 

Also what do I do if I dont know my account number?

 

Modify the SAR template letter to suit & also by adding in your previous address if applicable so Welcome Finance can then easily trace you on their systems

Subject Access Request template letter is here... http://www.consumeractiongroup.co.uk/forum/showthread.php?387306-Full-Subject-Access-Request

 

Stigman

[cheops]

Thankyou for your help will update once i get something back

 

Many Thanks

[cheops]

Hi

 

I would just like to let you know that I received 2 letters today,

 

1 from Welcome saying the debt had been sold and

 

1 from MKDP saying to "phone them they can help to come to an arrangement"

 

Both in the same envelope I might add.

 

I was kind of expecting a court summons before hearing anything from MKDP but it was not the case.

 

I will be posting the SAR and CCA to the respective companies in the morning

 

Thanks

[Stigman]

1 from Welcome saying the debt had been sold and

1 from MKDP saying to "phone them they can help to come to an arrangement"

Both in the same envelope I might add.

 

That is a normal procedure, MKDP will have printed both of these letters.

 

You need to keep an eye on your Credit File, MKDP have a nasty habit of changing the default date to the debt purchase date on your Credit File.

Welcome Finance should have closed their Credit File entry with a zero balance and a settled marker, MKDP will open up a new entry with their name as the owner, the default date must not change from the Welcome Finance default date so if this has happened then a complaint is in order first to MKDP to update the entry to the correct default date, if not then escalate to the ICO.

 

Stigman

[cheops]

Thanks for the advice, Taken a screenshot of the default date.

[cheops]

Hi,

 

Just for the record.

 

The SAR has been now been posted to Welcome Finance as well as a CCA request to MKDP.

 

Lets see what comes back.

 

Thanks.

[cheops]

Hi Everyone,

 

So I think i've made an error, I forgot to include my previous address on the SAR. What should I do?

 

BTW the MKDP was signed for today, but not welcome yet.

 

Thanks.

[Stigman]

So I think i've made an error, I forgot to include my previous address on the SAR. What should I do?

 

If Welcome Finance needs any-more information regarding your SAR including previous address history, Welcome Finance will write to you.

 

Just keep an eye on the Royal Mail Track & Trace (Now called "Signed For").

 

Stigman

[cheops]

Thanks Stigman, It was signed for this morning.

[cheops]

Ok I received a letter today from MKRR saying I have ignored them and they will keep hounding me with letters and phonecalls until I get in touch.

 

As said previously I have sent a CCA request to them and they signed for it on the 27th May. The new letter is dated the 30th May.

 

Any advice?

[BRIGADIER2JCS]

Ok I received a letter today from MKRR saying I have ignored them and they will keep hounding me with letters and phonecalls until I get in touch.

 

As said previously I have sent a CCA request to them and they signed for it on the 27th May. The new letter is dated the 30th May.

 

Any advice?

 

 

Ignore all contact until the CCA request 12 + 2 working days has expired or they respond earlier, then it will be easier to decide what to do next.

[cheops]

Thankyou will do, does it matter if I sent the CCA to MKDP(parent company) or MKRR?

 

Thanks.

[BRIGADIER2JCS]

Thankyou will do, does it matter if I sent the CCA to MKDP(parent company) or MKRR?

 

Thanks.

To the Compliance Manager the Compello Group same address as MKDP/MKRR.

[cheops]

I just sent the letter to small print at the bottom of the page which said MKDP, however the letter came from MKRR, Does this Matter?

 

Thanks

[BRIGADIER2JCS]

I just sent the letter to small print at the bottom of the page which said MKDP, however the letter came from MKRR, Does this Matter?

 

Thanks

Same company/same group just another desk, Compello is the parent co.