Welcome finance

sithmaster

Hi all I'm looking for some advice.
I took out an unsecured loan around 2010 with welcome finance.
Can't remember how much for. A couple of thousand maybe.
I have been making payments of £22 per month for around the last 9-10 years.
I no longer know who has this debt not had a statement for a few years so don't know how much is owed.

Would it be safe to stop paying or not?

Thank you 

[Deleted User]

If you stop paying, whoever owns the debt will come after you as the debt is valid and you have acknowledged it by paying. They can obtain a CCJ if you don't. Have you asked Welcome who they sold it to? If you look on your credit files, it may show you who owns it now.

macman

So who are you paying the £22 per month to?

TadleyBaggie

sithmaster said:

Can't remember how much for. A couple of thousand maybe.

Here is your previous thread about it:

https://forums.moneysavingexpert.com/discussion/4725449/can-i-claim-back-loan-charges#latest

sithmaster

Deleted_User said:

If you stop paying, whoever owns the debt will come after you as the debt is valid and you have acknowledged it by paying. They can obtain a CCJ if you don't. Have you asked Welcome who they sold it to? If you look on your credit files, it may show you who owns it now.

Thanks, unfortunately welcome no longer exist.
It is no longer on my credit file and hasn't been for years.

sithmaster

TadleyBaggie said:

sithmaster said:

Can't remember how much for. A couple of thousand maybe.

Here is your previous thread about it:

https://forums.moneysavingexpert.com/discussion/4725449/can-i-claim-back-loan-charges#latest

Thanks forgot I put that up