Re-paying a Welcome Finance Loan early

theoriginalquinster

Hi,

I have a remaining balance of £4K and i am in a position to pay this off. What do i need to know in order to pay this off early??

Thanks

amersall

Hi there, phone welcome and ask for a settlement figure.

KingElvis

But have a stiff drink first LOL

traz39

anyone made welcome any offer to clear there loans i had a call from them telling me to make one my loan is finished in december wondered if anyone has had any silly offers excepted

CHR15

People have successfully offered less than 50% in F&F Settlement.

Those people are the ones who haven't bothered repaying their loan over the last year or more so Welcome are prepared tograb whatever they can (there is little hope of the customers repaying the debt as agreed from these people!).

It seems the further in default you are, the lower the settlement they will accept. Ifyou are not in default, don't expect much of a reduction.

traz39

i have never missed a payment so not much hope for me then might still c what i can do though

theoriginalquinster

Hi, thanks for the replies. My Welcome loan is currently with a debt management company - does anyone think that this would encourage Welcome finance to accept less than the balance i owe? How do i go about making them an offer and at what %??