Debt Management Forum - welcome finance
About Us Contact Us Debt Management Companies Do I Qualify For Debt Management Debt Management Forum
Debt Management Forum
Debt Management Forum
Home | Profile | Register | Active Topics | Members | Search | FAQ
Save Password
Forgot your Password?

 All Forums
 Debt Management Plan Forum
 welcome finance
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Junior Member

11 Posts

Posted - 20 Oct 2015 :  19:59:09  Show Profile  Reply with Quote
hi I am in a dmp with payplan and have 3 creditors.One of the creditors is welcome finance and I have read they have gone bust. Does anyone know if this is true and if it is what happens?


Debt Management Advisor
Debt Management Expert

366 Posts

Posted - 22 Oct 2015 :  15:01:25  Show Profile  Reply with Quote
Hi nickd.

I know nothing as to whether this firm has gone bust as you suggest. Their website continues to operate, but it contains a message that they're not offering new loans. The message also advises that existing customers should carry on making their repayments.

As a general point not specifically related to this firm, if a lender's business fails it's likely that another firm will purchase their assets. One of their assets will be the debts that are owed to them. The new firm would then typically seek to make arrangements to recover what is owed.

I am a CertDR qualified Debt Advisor. I advise on all of the available UK debt solutions. For advice on all of your options please click here:
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
 Printer Friendly
Jump To:
Debt Management Forum © 2010 - 2020 Debt Management Plan Forum Go To Top Of Page
Snitz Forums 2000
Complaints Procedure | Other Sources Of Help | Credit Rating | Acceptable Use | Terms of Use | Privacy Notice | Cookies
(c) Channel Active Limited. Company Number: 06412452. Data Protection Registration: Z1332750.
Telephone calls may be monitored or recorded. Authorised and regulated by the Financial Conduct Authority.
Debt Management Plan Forum, Cardiff House, Priority Business Park, Barry, CF63 2AW. Tel: 02920 435421.