You may be sued if you owe to Welcome Finance but do not pay. After Welcome Finance decides to sue you and prevails, the court will issue you a judgment (also known as an order) requiring you to repay the debt.
Is it possible for debt collectors to come to my house?
To collect debts, it’s not like all debt collection agencies will come to your home. If you want to double-check, go to their website, or call them. Even if they do, they won’t be able to simply arrive at your home. Before they come to your house, they must give you a warning.
Why is it that Welcome Finance is after me?
The account has likely been transferred to Welcome Finance since you owe money. In most cases, your debt was owing to a separate creditor (due to which you may not be able to recognize the name). They are a debt collection agency that pursues clients for payments on behalf of other businesses.
Is Welcome Finance a reputable debt collection company?
It’s a bad idea to dismiss debt collection companies; they don’t give up easily. If you keep ignoring them, they could bring you to court, which could mean dealing with enforcement officers or receiving a charge notice if you already own your house.
Should I make the payment I owe to Welcome Finance?
Finally, everyone should repay their loans that they can pay them, and if they can’t, there seem to be a variety of debt management choices available to you. We’ll look at a few of them in the sections below. However, because Welcome Finance has approached you for payments doesn’t imply you don’t have other (and superior) options.
Should I ignore the letters or phone calls from Welcome Finance?
Welcome Finance follows a code of conduct that stipulates they shall give you time to reflect about your debt consolidation options once you’ve taken the advice. They simply wouldn’t be able to do so until you allow them to know what you’re referring to.
Call 020 8744 8850 or visit their website at http://www.wfs.co.uk/ to contact the organization. Regardless of what action you undertake, there can be an alternative. Debts that have been overlooked aren’t going to vanish, but they’re only continuing to get much worse. If you ignore emails and calls for an extended amount of time, Welcome Finance might take further action against you.
What else can Welcome Finance do to help?
Welcome Finance is indeed a debt recovery firm with the same statutory right as the borrower who purchased the loan. Welcome Finance is allowed to seek you for repayments (with justification), but they are not allowed to bother you or reach you at unnecessarily inopportune times. They must nonetheless comply with any genuine demand to be contacted only by specified means or at periods. Welcome Finance might send debt settlement professionals to your residence if you wouldn’t pay, even if they’re not debt collectors and didn’t pretend to be. Collection agencies are not allowed to enter your home against your consent or destroy your items without your knowledge. If you tell them they must go, they will go.
Welcome, Finance must first bring you to court if they intend to do some of the following:
- Obtain a County Court Order against you.
- Send debt collectors to retrieve things equal to the debt’s worth.
- Request a charging order or an attachment of income order.
Is it possible that my Welcome Finance debts may cause me to lose my home?
It is doubtful that you will lose your home; nevertheless, there are a few measures that must be completed beforehand. Unsecured debts (which account for most of the debts Welcome Finance handles) are not guaranteed against an asset, however, if you fall behind on your repayments, Welcome Finance may seek to get the debt settled over your property through the courts. This is accomplished by a Charging Order, but unless Welcome Finance is successful in gaining a County Court Judgement over you.
Is it possible for me to stop Welcome Finance from approaching me?
No, you won’t be able to prevent all communication from Welcome Finance because they may be obligated by law to send you some communications. Instead of getting phone calls, you can declare your communication choices, such as settling your debts in writing. They should follow your instructions.
Conclusion
I’d suggest seeking legal counsel, perhaps through the Citizens’ Advice Bureau. It’s critical to understand your rights and the likely consequences of such an act done against you. If you’re a PayPlan customer, have you had someone you can talk to about this? I believe the judge will consider your circumstances and determine how much you can afford to cover, therefore it’s possible that he will order Welcome to accept £20 sometimes less. In any event, you must appear in court or risk receiving a court judgment, which is much worse.