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notodebt

Welcome loan sold to coast

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Hi.

Looking for some advice on an old Welcome loan that was sold to Coast , April this year.

 

There is only £300 left to pay but not paid anything as I knew there were charges on the original account.

I had been paying a reduced amount to Welcome for the last year then all of a sudden they sold it.

 

I CCA Coast and they have sent me what looks like the original document with signature.

There is no PPI but there is a fee of £75 which I believe is admin fee so can I claim this back?

 

There are also a lot of £12 fees for missed or late payments plus other reversal fees etc. 

 

I need to write to Coast as they have taken the £1 postal order payment and used it against my outstanding balance so it looks like I have made a £1 payment of course this was for the CCA only.

 

Can I now claim the charges back from Coast seeing as they are now the official owners of this debt? 

If so and Coast state I need to take it up with the original creditor is this correct?

 

 

 

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You say you resumed payments to welcome last year?

when was your last payment before that?

 

most welcome debts are +10yrs old or older now 

tell us the full history of the debt

as you've never mentioned it before?

 

dx

 


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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Hi DX..

Apologies here is the background...

Loan taken out in 2009 so you are correct about timescale.

 

Key financial info 

Total amount of credit =£4379.20

Duration 120 months

Monthly payment £63.90

Number of monthly payments 120

APR 13.16%

 

Other financial info 

Total charge for credit £3,289.38

Acceptance fee  £75.00

Interest charge £3214.3

12.68%

 

My signature is on the form dated 20/4/2009.

 

I have been paying since this time although I defaulted a good few years back and have been paying reduced amounts for at least the last 3/4 years.

 

It was £20 per month , Welcome held off all the interest and charges from 2015/2016 so I was reducing the loan.

 

Even when Welcome folded they kept this account going with the reduced payments. 

 

Fast forward to March this year and bal is £383.

 

Next thing I get a letter from Coast to say they are now the owners of this debt.

 

Checking through the paperwork I can see payments started to falter 2014 with bal around £2200. I was making token payments of £10 or £20 .

 

Checking when I first started paying I can see that I have made payments of £65 , this is followed by capitalisation £65 and returns the bal back to before I made the regular £65 payment there are multiples of these up the end of 2013.

 

After that there are random fees /charges as follows 

M16 - Fee - £5.00  followed by capitalisation £5.00 ??

SNT  - Simple interest £ 0.12        - *        

INT - varies but appears to be around £21  *

Q16 - Fee = £ 0.11

Credit adjustment £0.76p ?

Unpaid DD fee = £12

* These appear after each other on my statement ..is this two interest charges?

 

 I got a £1208.44 interest refund (GWI ) in 2015 which reduced the balance down to £1043.00 and continued to pay £20 up to Feb this year.

Hope this makes sense?

 

So can I claim these charges and fees back against Coast now they are the official owner of the debt?

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No

But welcome will pull the FCA waiver when you try them

 

Use our search

Type in coast

Get reading up

 

Cca wont hurt!


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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Cheers..I will CCA ....

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Quick update..I also sent SAR to Coast , they have responded by asking for proof of ID such as Passport, Utility bill or driving licence etc , as a side note I recently SAR'd Cabot they too have asked for extra ID to prove I am the alleged debtor. IMO if these DCA's  have been sending me correspondence to my address under my name that is sufficient for them to believe I am the correct person.  Any advice please?

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Have you moved since taking out this credit?


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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Nope same address last 20 years 

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trying to gander sigs they can copy no doubt

send them a ctax bill copy

that's good enough.

 

 


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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Great call will go with that 

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just type  !!

quote is banned

I know what I said..:lol:


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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