10yr old Welcome Finance secured loan - enforceable?

Hsam · 14 June 2019 at 11:06AM

I have recently been contacted by a company saying they are now responsible for my motor loan with welcome finance and that I should start paying them. £12800
When the said car was signed for I was married (20 years and together 27 years total ) and stupidly enough thought that things would be paid properly and we’d be together forever etc etc ..... this was more than 15-17 years ago.
I have been divorced a short time now and I am slowly getting a life as well as a credit score etc .... but now putting myself on the map as such is raking up the past that I had no control of.
( divorced him due to unreasonable controlling behaviour )
I had no idea that this was still an issue as it was so long ago and he told me that the car had been signed over to someone else then the car sold/taken back ?? So it was all sorted.
I could’ve had correspondence over the years moving between houses but I haven’t seen any !
I wouldn’t have had and definitely don’t now have any paperwork or remember any details of dates amounts etc etc .....
I know that he wouldn’t have made a payment for well over 10-11 years if not more but in 2014 that’s now showing up on my credit report it’s saying it was discharged in court.
I don’t what this means , if I’m liable still, if I contact them will this start it all off , if I can do the thing where’s there been no contact or payment before during or after the court decision ?? I’m just stuck as to what to do for the best and hate the fact this has now come up when I’m just starting to get my life back.
Can anyone help with advice please ?
Thanks

Clutch75 · 23 October 2019 at 3:16PM

Hi

I need some advice re secured Welcome finance loan. My wife suffered a severe stroke last year and I am now her full time carer. As a result we had to sell our house as I can no longer work and our house couldn't be adapted. I had to do a quick sale on the house due to circumstances. As far as I knew all the secured loans were cleared as we had equity in the property. After I had moved it came to light that the welcome loan was not on the deeds and was not cleared. The debt is now with Prime credit and is £20k. Thry also believed the loan was secured but I have checked the land registry when we sold and is not listed.
I now live in rented housing Association property with no assets and no possibility of returning to work.
I am stressed and anxious regarding this debt and wondered what my options are

foxy-stoat · 23 October 2019 at 3:56PM

What happened to the £20,000 equity you thought you had to clear the loan off?

Clutch75 · 23 October 2019 at 4:08PM

Hi, at the time the solicitors said that Welcome was included and that it would be cleared. They even sent a letter to prestige for a final figure but they did not respond. As I thought it was cleared and we had to refurbish and decorate the money went on that as well as clearing other debts I had due to knowing that we wouldn't have any income from employment

Clutch75 · 23 October 2019 at 4:17PM

I should also point out at point of sale I was going to the hospital every day for 8 hours, which was a 75 mile round trip, looking after my son, and trying to clear the house as we have massively downsized. I was reliant on the solicitors covering everything and as the loan was supposedly secured I assumed, obviously incorrectly, that it was included in the settlement figure I had been given

4oddsocks · 10 December 2019 at 10:06AM

I'm in the exact situation...secured Loan from 2004, property repossessed, no equity, recent letter received asking for 18k but no payment ever made since 2004. I'd be keen on your update.

10yr old Welcome Finance secured loan - enforceable?

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