Progressive/welcome/now coast secured Loan

[ELLIE2000]

I have read many cases on progressive/welcome now coast and I understand I am not on my own with problems with these companies ,but I thought I would come on here and see if anybody has got anywhere trying to sort their debt out.

 

We took out a secured loan with welcome in feb 2005.

 

Cutting a long story short we have had a lot of problems with them and I have disputed the loan many times. I asked them for the original loan agreement and they sent me a credit agreement which I could hardly read but this was dated 2008. 

 

I understand now that they have gone bust and now coast have this debt. I have looked at my land registry and progressive put the charge on in 2005 and now the deed of variation mentions coast but also it says it’s in favour of progressive so I have no idea who has the charge on the property.

 

Coast do send me annual statements but that’s it and I haven’t paid anything on this loan for a long time as welcome never provided me information to try and resolve it.

 

We are wanting to move house but obviously can’t while this charge is on the property so we need to find somebody who has some expertise in this subject.

 

Sorry if some of this doesn’t make sense.

[dx100uk]

oh we have experiance...ruddy fleecers everyone of them from day one when you got conned by Welcome.

 

have you sent welcome and coast a SAR each to get everything each hold on you? as i suspect reading between the lines and how welcome worked that the CCA return from 2008 is an agreement you never even knew about and was as a result of you having financial issues around that time and the luverly welcome staff faked your signature on a re-finance agreement...???

 

so we need a lot more history of what happened to you and welcome since day one inc what complaints you made.

 

how much is outstanding too please...as i bet 99.9% of it is simply all the insurance/PPI/MPPI etc + their interest to date welcome made you take out that you probably know nothing about nor agreed too..but thats welcome!! and the actual priciple figure was cleared decades ago.

 

joint or single loan too please.

[ELLIE2000]

I haven’t sent them a sar as I have most of the original documents myself, I just wanted welcome to send me the original credit document they had and they sent me the photocopy dated 2008 which isn’t what I asked for.

 

The amount they are asking for is £22883.21 and also it’s a joint loan.

 

I have the original credit agreement which is dated 28th feb 2005 and also the one they sent me 2008 of which you can hardly read.

[dx100uk]

got all the statements from day one? if not get both SAr's running .they are free now so no harm.

i would be getting everything you can from both players.

 

how big was the org loan?

why have you a sep 2008 agreement, was there a refinance at anytime. 

 

if you wish scan both upto one multipage PDF 

read our upload guide carefully.

 

use our search top right of the red banner for Coast

and get reading up. too here on CAG particularly the cruz thread

 

dx

 

[ELLIE2000]

The original loan was for £15000.

 

I have to be honest I don’t know where the 2008 one has come from my memory doesn’t serve me right with that one.

 

All I remember was that they rushed us in the office to do something but we didn’t lend anymore money off them. Sorry I know that doesn’t help you.

 

I will upload the 2 credit agreements. The credit agreement they sent me which is the 2008 one is really hard to read.

 

These are the original 2005 credit agreements and the 2008 documents are photocopies which welcome sent me.

 

What is strange as well though is that on the 2005 credit agreement there wasn’t an account number But on the 2008 one there is. Don’t know if there is any significance to that.

 

 

2005 and 2008 documents with land registry.pdf

 

I have reposted the documents 

[dx100uk]

Oh dear they had you on everything they could insurance wise including PPI, theres MIF there too which ofcourse this is not a mortgage so...

You dont owe a thing they owe you.

 

And they made you refinance too..totally had blind.

 

Your situation looks very much the same as cruz 

 

Rock and a hard place you are in..further compounded by the fact you have a swift mortgage too still? They are just as bad.

 

 

[ELLIE2000]

I'm not with swift anymore.

 

Does this mean that there isn’t much I can do other than pay them to have the charge removed????

The last paragraph on the land registry confuses me as I don’t actually know who the charge is with.

 

Sorry for bothering you though, what other insurances other than ppi have they had on me

[dx100uk]

looks like you both had life care and there's PPI too on the page 4.

 

as with all ex welcome/progressive finance secured loans sold to coast , Coast did a mass update when they bought each of the  portfolios from welcome to change any charges to their name.

 

use our search in the top red banner type in Coast, you have a lot of catching up to do, particularly regarding the cruz thread, its pages long but will just about tell you everything you need down to the finest detail.

 

you have and i can't be anything but honest and blunt here, stuff and all chance of ever removing that charge unless its paid in full and i doubt you'll ever get the sum needed to do that reduced even though what you most probably owe is £ZERO if everything they scammed you out of was now removed.

 

get those SAR's running ASAP.

the comms log will be priceless to a possible claim.

 

 

[ELLIE2000]

Well thank you for your time and I will get them