robbersway and welcome debt - now resolvecall - proposed reconnection visit

[exeterbay]

Hi

In 2007 i had a secured loan with Welcome, i got into financial difficulty and stop paying,

 

(house was in negative equity and still is)

 

They chased but as i couldn't afford to repay and they couldn't force me to sell

they sort of frittered away for a few years whilst they were in financial trouble.

 

I have now discovered that the 2nd charge on my property has been lifted and on my credit file it says 'settled'

 

There is now a company called MKDP LLP who own the loan which i have found out only be looking at my credit file.

 

what do i do?

 

i think i do nothing!

 

the loan isn't secured anymore,

 

and they would have paid next to nothing for it?

 

Your thoughts please!

 

Hi, similar situation here!

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?414653-Welcome-secured-loan-sold-on

 

welcome sold debt to MKDP LLP ( google them) not heard anything from either,

 

My question to you is.

.is the debt a secured debt?

 

Six years is unsecured but 12 for secured( someone correct if I'm wrong)

 

I think welcome sold off debts when they got in trouble to people like MKDP ,

 

I'm keeping my ead down!

[dx100uk]

sri you got missed

 

if welcome sold the loan

 

odds on theres something wrong with it

in one way or another.

 

welcome are the one company that you are guaranteed to find dodgy stuff in you agreement.

 

you might want to prepare for MKDP eventually pop up

 

an sar to welcome before your details hits the shedder might be worth while.

 

what also interests me is the charge vanishing

usually that does not happen, interesting.

 

in certain aspects your are lucky too

 

most of the running and active welcome debts

have we think been sold to IND

and they can be a rather crafty bunch.

 

I assume you are still resident at the address when you took the loan out.?

 

dx

[exeterbay]

Hi

I don't live there I rent it out as I can't sell it due to negative equity and the welcome loan attached.

 

If I sar them will that not flag me up?

 

I would sar them with return address to that property.

 

Charge has definitely gone..

 

sri you got missed

 

if welcome sold the loan

 

odds on theres something wrong with it

in one way or another.

 

welcome are the one company that you are guaranteed to find dodgy stuff in you agreement.

 

you might want to prepare for MKDP eventually pop up

 

an sar to welcome before your details hits the shedder might be worth while.

 

what also interests me is the charge vanishing

usually that does not happen, interesting.

 

in certain aspects your are lucky too

 

most of the running and active welcome debts

have we think been sold to IND

and they can be a rather crafty bunch.

 

I assume you are still resident at the address when you took the loan out.?

 

dx

 

Question for Dx on this subject..

 

 

Is it 12yrs for secured debt before it's statute barred?

[dx100uk]

you certainly need to ensure you get ALL the mail

to you from that address.

 

yes sar to there from welcome

 

by the agreement title yes

 

but unsure once the charge has been removed

 

dx

[exeterbay]

by the agreement title yes

 

but unsure once the charge has been removed

 

dx

Hmmm...could really do with knowing if it's statute barred now secured debt has been sold,

no contact at all since approx 2007.

 

 

Secured debt is 12 yrs before SB

 

 

does it continue after its sold or revert to 6 years when sold...

[dx100uk]

its still a secured debt by its agreement title you signed..

 

end of nothing can change that.

 

but

I would suspect these muppet don't know

so send the SB letter

have you a thread better to post there

 

dx

[exeterbay]

Hi andy! Are you still on here??

 

I have read your posts from start to finish absolutely fascinating!

 

Also exactly the same position for me in every respect except my loan figure is higher!

 

My statement figure and agreement figure are different as are yours,

 

as I said everything you have mentioned is mirrored with me.

 

I have received letters from MKRR recently saying they want to help...!

 

I have looked on my credit report and Wel**** are no longer on there and the legal charge on my property has gone!!!

 

How are you getting on with MKRR?

 

What do you think I should do as there is no legal charge now?

 

Should I attack MKRR with the list of inaccuracies on the welcome agreement in the hope they will but it down as a bad egg and disappear?

 

I agent spoken with them or acknowledged them.

[BRIGADIER2JCS]

Do MKRR own the debt now?

Please give us some more info on this debt, default date. last payment /acknowledgment date.

 

 

I would recommend checking with the Land Registry in regard to the charge.

[exeterbay]

Hi Brig and Andy,

The default notice was 05/10/2010 and from what i can see on the statement the last payment i made was on the 05/07/2010.

 

Welcome are not on the land registry for sure, MKRR aren't either.

 

Welcome disappeared off my credit file the same day that MKRR appeared!!

 

I haven't made any contact with them whatsoever since 2010's payment i'm pretty sure of that.

 

I don't live in the house i rent it out as i cant afford to sell due to negative equity

and my current home has a pre nup type thing attached in favour of my wife as she put in the lions share of the deposit.

 

Any advice on what to do now?

 

Andy? Brig?

[BRIGADIER2JCS]

Hi, the credit file will have been updated by MKRR when they acquired the debt as they are obliged to do.

 

 

Have MKRR contacted you again?

[exeterbay]

yes, this week,

 

a letter asking for me to contact them again to arrange a payment plan.

 

. i haven't contacted them as i'm not sure what to say regarding the dodgy agreement as per Andy's ongoing situation!!

 

what should i do?

 

No-one has traced me to this address before so i think maybe they are firing as many bullets as poss in the hope that one hits the target

 

..should i continue not responding

 

or should i confront them with the details that bits are missing from the agreement thus making it unenforceable??

[BRIGADIER2JCS]

Personally I would ignore the begging letter. If you do contact them do it only in writing and just say "the debit is disputed and no liability is acknowledged.

 

 

I would suggest keeping to your problem and forget what happened to "andy", Perhaps the site team could start a new thread for you.

[exeterbay]

Thanks Brig,

 

What else could they do if i choose to ignore them?

 

The only reason i compared to Andy is because my agreement has exactly the same details missing..

 

. i wouldn't know where to start in a new thread!!

[BRIGADIER2JCS]

Thanks Brig,

What else could they do if i choose to ignore them?

The only reason i compared to Andy is because my agreement has exactly the same details missing... i wouldn't know where to start in a new thread!!

Let's get some basic details please.

 

 

Do you have a copy of the agreement that you can scan and post up, after removing all "personal details" account Number etc.?

It may help people to advise more accurately.

[exeterbay]

The default notice shows the default date the letter was written and then its states i have 14 days from then..thus not taking into account postal days!!

[dx100uk]

hi ya

 

follow this....

 

**you can post up images/letters by this method immediately..you don't need 10 posts**

.

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc

but leave all monetary figures and dates.

.

************************* ************************* *******

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

************************* ************************* ***********

.

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or http://www.freepdfconvert.com/

or

use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though dont use full bank names or CAG in the title

i'e Default notice DD-mm-yyyy TSB

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

...

YOU DONT have to put a link to the attachment in the msg box..just upload it ..job done

.

dx

[exeterbay]

Uploaded PDF versions if thats better to see?

[dx100uk]

crikey

 

you paid +£18k for a £7k loan!

 

they saw you coming!!

 

dx

[exeterbay]

thanks for that...!! desperation, it was a very bad time of my life and your right they saw me coming, i only hope i can do something about it now,

[dx100uk]

default notice in invalid

doesn't give a specific date in the form DD/MM/yyyy

[exeterbay]

good news! so what does that mean?

[dx100uk]

basically means they're stuffed

 

how old is this theres no date on the agreement

 

is this the org one

 

or one from a CCA request to MKRR

 

dx

[exeterbay]

this is the original one, i signed it on 14/01/2008 they signed 24/01/2008

[dx100uk]

I would CCA MKRR if they persist.

 

I take it you have not paid anything since?

[exeterbay]

i haven't paid anything since 2010 possibly 2009, why should i sar mkrr? is the dodgy default not enough to be game over?

Thanks dx