Welcome finance secure loan sold to Coast

[Lil84]

Hi,
Newbie here...
I stupidly took out a loan in 2007 for 16k. Looking back now, there was no way I could of ever afford to pay it back
paid it for a few years with lots of struggles in between.
2018 the account has been sold to Coast. I owe £6500. I have been paying £10 a month for years.
Coast have been contacting me a lot for the past 18months.
I recently made them a settlement offer of £1000. They rejected.
A friend of mine, in this line of work. Recommended requesting SARS and CCA.

Cut a long story short...after a few months of chasing them for it. They sent the SARS but they don’t think (Their words) they can find the CCA.

The loan was secured therefore a charge is on the land registry. i want to get this resolved and then off the land registry.

Looking for some advice pls.

thanks in advance ??

[The Tech Clerk]

As stated charge secured on property !!! they are unable to find CCA? another story , then ! wonder if Diana Mayhew can enlighten on this area?

[Lil84]

Hi,
what I can gather the CCJ/default is no longer on my file. I don’t recall anything to do with Court in the past.
Thank u for your fast response

[The Tech Clerk]

but you state CCJ above ,has this been through courts>>>> i altered my original post as suddenly realised may not be a charging order hense confusion on been to court or not or just loan charge on property?

[Lil84]

Sorry it must of been a default as I don’t recall any court action in the past.
The loan was secured. Im still in the house.
thanks

[Lil84]

Sorry just seen your amended post ??

[The Tech Clerk]

Ah no court then good . Have asked Di to pop on when she can as this area is more her area. ?? Okay!!?

[Lil84]

Great. Thank u.
Sorry I’m new ??????

[The Tech Clerk]

not a problem - welcome by the way:-

[The Tech Clerk]

Have a look around the site and it pays to start a diary giving dates ans up dates from the start, makes easier under standing by people on here as progress etc in one place!

[Lil84]

Ok great. Thanks

[Joanna Connolly Solicitors]

Hi,
what I can gather the CCJ/default is no longer on my file. I don’t recall anything to do with Court in the past.

Hello

I’ll take a peek at your thread tomorrow and then make my suggestions probably after asking you loads of questions to see what’s what.

Di

[Lil84]

Great. Thank u ??

[Joanna Connolly Solicitors]

the CCJ/default is no longer on my file. I don’t recall anything to do with Court in the past.

My first question has to be: was this a secured loan when you took it out with Welcome, or was it an unsecured loan that got into arrears so a county court claim was issued resulting in a CCJ which was then secured on the property?

You may not recall going to court, but is there a possibility that a claim may have been served on another address (if there is a CCJ)?

Di

[Lil84]

Hi,

it was secured loan with welcome.
I don’t recall any court letters. There isn’t anything on my credit file.

i have been paying coast £10 a month since 2018. That was in place from the last company that was managing it.

I have spoken with Coast again today and they said they don’t have the CCA.

The original loan was 16000. There is £6500 outstanding.

I offered them a settlement last month (£1000). They refused. That was before I requested the SARS and CCA.

I really need to remortgage, but I’m really struggling as I need to pay off a few credit cards when I remortgage.

looking for some advice pls???

thanks in advance.