Welcome secured loans/charge - sold to Alpha/Prime -repo received - ***Claim Dismissed***

[cruzhughes]

That did cross my mind. Welcome have new though!!

[cruzhughes]

Response of fscs today. No mention of the irresponsible lending complaint. Any thoughts on this? Everything is with to Fos

Fscs.pdf

[dx100uk]

good another 8k off the charge then.

how much was it?

[cruzhughes]

The last loan was £27000. I'm just hoping the fos agree with the irresponsible lending too! Slow waiting game at the moment.

[dx100uk]

what value is the charge I forget?

[cruzhughes]

I'm not really sure exactly what it is cos don't really know what was paid of that last loan was 27000 @ 300 months and Interest was 69000 in total

[cruzhughes]

Someone has gone to my old address earlier where my ex wife still lives chasing an old welcome finance debt??

What's going on?

How can they do this with everything that's going on.

 

Plus the debts been in dispute since march last year.

 

Not only that everyone has my new address and have done for almost 2 years.

[dx100uk]

utterly powerless dirty mac brigade

 

shows how desperate their case must be if they try that old chestnut on.

 

though sadly I read a thread today where someone blindly paid a doorstepping DCA £700 on a supposed phone debt in 2005 and has just found out the creditor never got it...theres a surprise!! as their credit file is still shot having gone for a mortgage!

[cruzhughes]

What they said was they want to set up a meeting up over an old welcome debt.

 

Hopefully I will be able to find out more later.

 

Who the company are and if they've left anything.

 

I still get 2/3texts weekly of alpha credit saying to call them.

Pic enclosed.

 

Only the one text was different saying they were expecting a payment.

 

It was around the time I received a letter from fscs.

 

Just had this sent to me off the ex wife.

 

Sounds to me as they have written or been there before funnily she doesn't remember.

 

What's my next steps?

 

Do I ring or send them a cca giving my new address (which they should have as I moved out of marital home 3 years ago)

 

mention the debt is in dispute and everything that's going on regarding it?

 

Should I also request copies of any prior correspondence be sent out to me?

 

So I can find out what the hell is going on.

Excel.pdf

[dx100uk]

You do nothing

They are a powerless dca

[cruzhughes]

Shall I send that letter to the fos who are dealing with the irresponsible lending and explain Debt has been in dispute since march and have not received any notice of assignment even though it was sold in June.

 

My concern is they were at the old house this morning as the kids were leaving for school and they could go back. My ex wife has no idea what I'm doing with regards to all this and she hasn't a clue of everything I've found out since I left her?

[dx100uk]

why do you think this is linked to the welcome debts

do the hidden ref numbers match?

 

as a side

Prime Credit 5 [cant find any trace of that name!!]

is not linked to ALpha Credit as far as I can see

other than they both probably S a r l [Luxembourg ] registered

something smelly here.

 

for want of clarity

excel are financial advisors.

fleecers that chrge upwards of £150 to visit people with mortgage or secured debt problems.

 

they have no powers whatsoever.

[cruzhughes]

The account no matches the last Welcome loan. But it has /6 added to the end of it. Which. I'm assuming could mean it's the 6th call or letter.

 

Could they have gone to her as 2 people are really liable for the debt even though house is solely my name? But they are unable to chase me as I've put it in dispute and lodged the other complaints?.

 

Seems strange to me why they have gone there when they should have the 2 addresses I've lived at since I've left. Welcome have them.

 

I looked up alpha and they are a dissolved company and have been for a few years.

[dx100uk]

no alpha are on the fca register

 

 

right so alpha and prime must be linked too then.

[cruzhughes]

I've emailed the ajuducator at the Fos yesterday's letter and provided him with information I sent to welcome from march till end of April

my disputing the debt

their responses to CCA request which they couldn't provide due to missing signature,

payment chasing letters

, letter to say account had been moved to head office

and my debt in dispute letters.

 

 

Then they sent a sar (something I didn't request)

 

Found this link online https://primecredit.webcustomerportal.com/welcome/primecredit. Have a guess what company administers my Morgage

[dx100uk]

good grief so Acenden Limited have now bought many welcome loans/mortgages

[cruzhughes]

This is mad.

But what's even stranger is acenden know my current address too!.

Mental what you find online I just googled alpha credit 4/prime credit 5!!

 

Help and advice needed.

That guy has called the ex wife a few times today.

 

How can I put a stop to this as I don't want her jeopardising anything that's going on.

 

The house is solely in my name.

Everything is a mess already because of her and I'm doing my best to sort it all out without her knowing anything. .

 

Not sure where they've got her no from.

I believe she's being quite cagey with me.

[dx100uk]

deep breath let it run.

 

they will be rather pushy on accounts they've recently acquired

and will ost probably be very 'new' to the actually history of many of the welcome finance debts they've now bought in a lemondebt portfolio deal.

 

the simple answer is time and quick realisation that the portfolio is a lemon will set in

but its not dor you to tell them that.

 

its gone overseas, and like so much lemon debt sold to SARL companies its simply an asset tools to show they are 'this big'

 

its to your advantage and to your ex's to convince her simply to let it run.

 

on the bright side, this could be beginning of the end of many problems for people like you with debts that were never really owed.

[cruzhughes]

Just wish it was me they were coming to.. alpha got their name on the charge at the Land Registry in sept!

[CosmosBipinnatus]

No, not bought them, just won a contract to administer these in their own unique way.

[cruzhughes]

What exactly do you mean by that?

 

Didn't think they should be trying to collect with everything that's going on.

 

Maybe that's why they've gone for the ex cos they can't touch me?

[CosmosBipinnatus]

In early January 2015,

after it was bought out of administration by part of BlackRock,

Acenden ceased to be part of the Lehman Group

and thus ceased to have any connection with SPML in the company law meaning of connection.

 

That is why they do not have locus standii to instruct solicitors in possession claims against anyone with an SPML-originated mortgage.

 

(SPML is still part of the Lehman Group, although - last time I looked - it had no premises and no employees.)

 

I don't know enough about your circumstances to comment on why they've gone for your ex.

[cruzhughes]

I think you maybe getting this thread mixed up with the one about my mortgage.

 

This thread is in regards to a company called alpha credit 4 and prime credit 5 that have bought an old disputed welcome loan.

 

Which Acenden administer by the looks on what I've found out.

 

However this is not connected to my Spml mortgage.

[cruzhughes]

Just had Response from FOS.

What next Dx?

When can I take this?

 

Just drafting up a response to the FOS.

can you advise further?

 

Hi,

 

Thanks for response.

But I stated in letter below that I was not looking for any monetary compensation.

 

I firmly believe that had this company not irresponsibly rewrote loans time and time again when the first loan was unaffordable without doing credit checks and fully knowing that prior accounts were already littered with penalty/arrears charges.

 

There would be no outstanding balance on this loan.

 

Not only that this debt was put in dispute back in march 2016.

After which they've sold the debt on in June to a company called alpha credit and provided me with no notice of assignment. This company have now added their name to the land registry.

 

The fscs have awarded compensation however I've had no further information that this has gone off the outstanding balance. Or how much is owed.

 

Anything else I need to add?

 

Fos next response.

Where else can I go with this?

 

Thank you for your email.

 

I understand you’re not looking for anything to be paid to you.

But due to the position Welcome are in we are unable to make them reduce balances or alter them in anyway.

 

As they’ve sold the debt the balance with them is at zero.

So to do anything now would mean that they have to alter the balance with them, or make a payment to the purchaser.

 

So unfortunately we aren’t able to do anything here at the ombudsman service.

I’m not saying nobody can help you but our rules restrict how we can help.

I’m not sure if another organisation will be able to do anything so you may want to get some independent advice.

 

I’m sorry I can’t help you further.

 

Kind regards,

 

Further email from FOS

 

If you’re unhappy with the actions of the purchaser or need more information from them, you need to contact them directly.

 

Usually businesses can sell debts on even if they are in dispute. If it is then found that the debt shouldn’t be outstanding further down the line, then the business will seek to settle the balance with the purchaser. However, as Welcome aren’t in a position to do this, I’m not able to ask them to do anything.

 

 

From what Welcome has sent over, I understand the debt was sold on 20 September 2016. The balance at that date was £26,152.32. For a current balance I’d recommend you contact the purchaser.

 

I know this is a frustrating situation to be in and ordinarily our service would look to resolve this for you. But we do have rules we need to follow and in this case we can’t overturn the court’s decision to be in a position to help you here.

 

I hope this clarifies our position for you.

FOS Response Welcome.pdf

[dx100uk]

its interesting to note they don't say welcome 'do not' owe you money or to write off the balance due to IR

but that welcome are no longer duty bound to do anything even if asked too.

as they have 'no money'

 

 

off to alpha credit 4 then.

 

 

complain that the balance is solely insurances that were mis-sold and that you owe nowt and the charge must be removed

exust their complaint process

then back to the FOS again.

 

 

I wonder what the FCA say about all this

are you in phone contact with anyone.