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Paulxo37

Welcome loan sold to Cabot then to Ascent/2nd charge removal?

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Hi all,

 

in 2008 I took out a secured loan of over £10k from Welcome and within a few years struggled to make the payments. The loan went to Cabot on Welcome's demise and then to Ascent. 2 years ago, instead of consulting this site(!), I started paying Ascent less than £100 a month (don't want to be specific, in case they're on here) and this has brought the amount down.

 

The balance is still over £10k and there is a charge on my property.

 

Having spoken to Ascent, I have asked for a settlement figure and they want and income/expenditure thing (not something I trust, it's just to see what they can squeeze out of you I think) before giving me one. I have offered around £4k.

 

My main priority is to get the second charge removed. And hopefully for a substantial discount or nothing.

 

Any advice from here please?!?

 

I understand now that I shouldn't have paid them anything but as there is still a charge on my property I felt I had to.

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It is very rare for a creditor to accept a partial settlement on a secured loan. Most secured lenders who have got a charge on your house will usually reject an offer.

 

Regards

 

Andy


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ever sent welcome and sar to see if you've been spoofed out of PPI life ins unnecessary building/contents ins, MIF etc etc

and was this your ONLY loan with welcome?

 

these could be worth £1000's in reclaiming.

 

dx


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Ok Andy we'll see what they say.

 

I haven't Dx, I don't believe I had ppi with them but it's something I'll look into. Would you point me in the right direction for the correct address?

 

I'm sorry but what is MIF?

 

Thanks.

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Ok I've found MIF. Don't know is the answer. I'll get on to a SAR and start claiming if necessary. Do I just send to the address on their website?

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welcome yes


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Welcome have sent me the files and accounts from my SAR and it reveals no PPI, no MIF, but does contain many fees and confirms they have a second charge on the property.

 

Can I reclaim fees (plus interest)?

 

Can I request they remove the charge?

 

The typical fees are default sum fee interest, unpaid d/d, outside calls, skip trace, letters, telephone calls, acceptance fee for the loan and broker fees.

 

What would be your advice to do from here?

 

Thank you.

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yes

no

default sun int - no

acceptance - no

broker - no

 

the rest are fair game yes


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Ok thanks DX I'll get on it and update you.

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