missold secured loan

sean17_2

Hi just enquiring about some advice on a secured loan with welcome finance,in feb 2007 i lent 17,350 i currently owe 15,500 and pay 370 a month for the next 7 years, a company called Delete uk contacted me regarding been mi-sold this loan they said it could be legally enforceable if it did not comply with the consumer credit act 1974 , they asked for a upfront fee of 495 to cover an audit report with all of it refundable if unsuccessful there fee is 10 percent of debt plus vat do you think this is a scam or could you offer me any advise .
thankyou kerry

Fergie76

1. How did they know about your loan?

2. On what grounds were you mis-sold?

3. Why do they need £500 up front?

sean17_2

1. threw me re claiming ppi successfully number passed on by claim company
2. not sure they check that out ie how much interest you pay back etc
3. to cover audit report ?
thanks

jonesMUFCforever

Give me the money instead.
You will never see it again but at least you will have the satisfaction of knowing it will be used wisely.

Otherwise you will be more in debt thanyou are now - don't do it it is a con!

sean17_2

thanks just been reading some other threads think i ll try on my own with the templates but im bit thick hence y im in debt

ILW

Being thick doesn't get you into debt.
Spending more than you earn does.

sean17_2

too true also was made redundant and they refused pay protection insurance got good job now but the interest is so bloody high

_Andy_

sean17 wrote: »

it could be legally enforceable

Sounds right.

clj_2

sean17 wrote: »

too true also was made redundant and they refused pay protection insurance got good job now but the interest is so bloody high

Not surprised as it was obviously mis-sold!

sean17 wrote: »

1. threw me re claiming ppi successfully number passed on by claim company
thanks