Mkdp lpp

[mattyb76]

Hi,

 

Originally had a secured loan on my property, but sold the house.

 

At the time Welcome Finance did not take all of the money back but "converted" the loan.

 

I could no longer make the payment and defaulted on the agreement in May 2010.

 

Welcomes entry on my credit file disappeared a few weeks ago,

but this week it has reappeared as MKDP LPP.

 

The paperwork from the "converted" loan shows my parents address

(where I was resident after selling my property) as the "secured" address.

 

Obviously I have no rights over my parent address nor do Welcome Finance.

 

Just wondering about next steps...

[dx100uk]

secured on your parents house!!

 

that's not right

 

i'd check land registry site

and be sure there is not one

 

prob just a typo slipped in somewhere

 

this converted loan?

 

what do you mean by that?

 

welcome made a new phantom agreement over the phone

 

i'd be getting an sar off to welcome

 

and a CCA request off to MKDP.

 

what are the details of the original loan.

when how much

 

dx

[mattyb76]

I have checked the land registry site and there is no charge on my parents house - phew!

 

So when the house was sold, they took a sum but not the whole amount that they were owed from the sale. The loan was secured on the property. I was then asked to sign some paperwork for a loan on the new amount(my memory of this is not great as was going through a messy divorce at the time). As I did not have any assets at that point, I am guessing the converted the previous secured loan into an unsecured loan - after a few months I could not keep up payments and defaulted in May 2010.

 

I will get the SAR off to Welcome and CCA off to MKDP - or should I wait to hear from them first??

[dx100uk]

yes wait gather the info

 

IMHO something smells here

[mattyb76]

Ok will do. Will update when/if I receive anything.