Swift….ex welcome loan

Superrallyhelp

Swift have been chasing a welcome finance debt that was taken out in 2007. It was a secure loan 

Last payment made was I believe was when welcome went bust 2011

I requested information they held on us, which they still haven’t sent

They are saying last payment was Dec 2014

And now issues court papers for June 26 for repression for a 20k debt

Is it too late to offer payment? Or should we remortgage to clear this off?  Can’t afford to lose house for 20k. 

The claim form looks printed and not official 

Thanks in advance

fatbelly

You can reach agreement on a payment plan, though they may still want a suspended order on those terms

Or pay the whole thing off

Have you got a copy of the original agreement? If not it may be worth asking them to see if they can provide it

Superrallyhelp

No I haven’t should I ask for it? 

fatbelly

Yes. They should have it because that is the basis for their claim.

You could then run it past a specialist solicitor as some Welcome loans were found to be unenforceable in the early 2000s.