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Hiya, So worried about a secured loan I have had with Welcome Finance since 2005 for 17k. To cut a long story short this loan was paid on time every month right up until about 2012 when I became very ill and also my salary dropped by 10k per annum due to no longer receiving a bonus at work. slowly since then I have got into arrears etc and bearing in mind these details my current balance is around 19k. They are such rip offs. in between all this I have suffered severe depression which they have only made worse through phone calls etc. They will not stop the interest at all, I have literally begged them. I'm now off sick again and receiving 50% pay for the next few months as I've just had a major back operation. What I'm asking is what can I do to stop them piling the interest on, Take my home etc? I really cant cope with this worry all the time. I have a slightly larger loan with Idem from the same period and they are great, They have permanently stopped the interest and take whatever I offer them each month. This is also secured. Can anyone answer my questions at all? All help appreciated.
