"Unwelocme finance and secured loan"

A review of Welcome Finance by Highjinks written on Thursday 23rd of August 2007

I have a secured debt with Welcome (I know This was from a loan I had previously. Everything had been ok with small loans(unsecured) which I paid back sucessfully. I needed to get a loan and turned to them for obvious reasons at the time. The loan was for approx 5K and have found out that it was a secured loan. I do have a agreement (thin piece of green paper that you can hardly read and nothing else). The amount now owing is >15K.I havent been paying it as they are 3rd inline and they have just left it/me alone and not bothered me, My question is that what is the procedure for getting rid of this one? I feel that I was certainly mis-sold this loan. I didnt realise it was a secured loan and also the "cool off period" was non-existent. They have now started contacting me again by phone. Any answers gratefully received.

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