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Welcome Finance
theforumking
Posts: 115 Forumite
Does Welcome Finance exist anymore?
I got a car on finance in 2006 but sold the car including the agreement to another person in 2010...
Yes the other week I got a letter from welcome finance saying I owe £3500.
I literally laughed :rotfl: and threw it in the bin.
But in reality... Can they do anything?
I got a car on finance in 2006 but sold the car including the agreement to another person in 2010...
Yes the other week I got a letter from welcome finance saying I owe £3500.
I literally laughed :rotfl: and threw it in the bin.
But in reality... Can they do anything?
0
Comments
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How did you sell the agreement to another person?
Or do you mean you sold the car and hoped that the buyer would continue making the payments because he said he would?"There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
theforumking wrote: »Does Welcome Finance exist anymore?
I got a car on finance in 2006 but sold the car including the agreement to another person in 2010...
Yes the other week I got a letter from welcome finance saying I owe £3500.
I literally laughed :rotfl: and threw it in the bin.
But in reality... Can they do anything?
I don't think a finance agreement is transferable to another person, why would you want to even do that when you have no way of knowing the other person will keep up with the payments ?, your liability only ends when you have made all the payments, until then you are still liable weather you sold the car or not !!!!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
The car was not yours to sell. You will be responsible for any shortfall if payments have not been made.I used to think that good grammar is important, but now I know that good wine is importanter.0
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theforumking wrote: »Does Welcome Finance exist anymore?
I got a car on finance in 2006 but sold the car including the agreement to another person in 2010...
Yes the other week I got a letter from welcome finance saying I owe £3500.
I literally laughed :rotfl: and threw it in the bin.
But in reality... Can they do anything?
Whoops! Well that was a silly thing to do.
Having read a couple of your other threads you just seem to want dodge paying back what you have borrowed!
An attitude that stinks in my opinion......just means people that do pay their debts end up picking up your bill0 -
Dont feed the trolls..0
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oct start, windups ....whos that coming under the bridgeDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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yeah i agree, was a stupid and dumb thing to do... VERY STUPID. I will have to pick up the mess0
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