Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Hi - I have found out, just before Christmas, that my son has taken a loan with Welcome Finance. He took the loan out back in February 2007 to cover car repairs. Due to his hours being cut at work, in the current climate, he is finding it extremely hard to make the payments and has fallen short. This is making him ill so I agreed to help.
He has given me copies of the orginal agreement and I'm, quite frankly, sickened by the terms of this loan. The insurances amount to £1243.29 (including IPT) but the additional interest on these insurances is £1042.69! The total for the insurances alone payable over the 3 years is £2285.97 which is more than the amount of the orginal cash advance of £2000! Is this legal? He says that when he took the loan, it was implied that if he didn't take these insurances, he would probably not get the loan.
The APR on the loan is a stagering 58.51% The total payable is £6100.92.
Is there anything at all I can do? I just don't know where to start.
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Welcome Finance - Help needed urgently
on these insurances is £1042.69! The total for the insurances alone payable over the 3 years is £2285.97 which is more than the amount of the orginal cash advance of £2000! Is this legal? He says that when he took the loan, it was implied that if he didn't take these insurances, he would probably not get the loan.
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Re: Welcome Finance - Help needed urgently
