Hi I was wondering if anyone could help me. In 2008 I lost my house to repossesion. I had a charge on the property and the company applied for a possesion order the court reference starts 8PA. Now I have a suspended AOE in place with the courts for £150 a month but in the last 8 months the creditior has put 3K of interest on...... So I'm just wondering if I can do more to make the repayments fair and aim to pay it off in the next 15 years, but with the interest going on does not seem possible. I have looked through my credit report with credit expert and Equifax both me and my wife as it was in joint names but cannot find a CCJ on either of us for this company. Can an AOE order be granted through the court on a possesion agreement only (this is what the AOE clerk told me at my local court because the reference has PA in it) Any views or information on this would be gratefully appreciated as I just want to pay the debt but I'm going backwards with what the court has granted I can afford to pay each year and the interest they are pilling on. Thanks

Hi Here it is in a nutshell!!. Change of circumstance, and I cannot afford my car from welcome as of November 08. Found myself a cheap car (£1000) to keep me mobile for work. They said my car was car loan, not HP, said I could not VT, then I could!!! Car is sat rotting on my drive so I rang them today spoke to a manager and he has now confirmed that my loan is a personal loan called a CST Loan and they have no interest in the car thats why they have not collected it. Suggested I sell it privatley to help pay the outstanding amount. Would not confirm to me in writing though that they have no interest in the car as I have a personal loan with them. Did offer to refinance for me over 10 years at a total cost of 24k!!!! for a 3K car. My head spins every time I ring them!!! Didnt think welcome gave personal loans for cars from there own showroom. Agreement is not HP, but does quote the car details on it, never heard of a CST loan. and does state I have no right to cancell under the CCA. My god, Am I the only one that cant get a straight answer lol

Will do as soon as I find it, wouldnt mind but i have been so literally up front with them. They know about my house and that the shortfall is significant, so much that after legal advice my only real option is bankruptcy. So the chances of recovering full money is virtually nil, you would think they would be falling over themselves to at least get the capital in the car back! I have told several people at welcome this, I'm totally lost, it seems like they dont want to recover any monies. Try to be right as best you can upfront and honest and it gets you knowhere. Do I need to do what others have done and take it back to the showroom and give tham the keys.

Hi Yes I do, looked at it a few months ago will have to dig it out. This is what im thinking myself. Its is certainly not HP as there is no breakdown of what I will owe after 1year, 2,3 etc. They just keep contradicting themselves, the last women I spoke to said it would be more beneficial to me if I VT rarther than repo, how!!! They repo it, goes to auction I pay the shortfall I VT as she said and would send it on my behalf there and then on the phone, goes to auction I pay the shortfall again! It feels like the car is not really on the register and they know it and would rarther let me watch the car rot and end up with nothing. I'm a car lover and would break my heart to see that happen, hence the storage. They can gladly have the car back, but there is something more to this than meets the eye in my mind, trying to be decent with them, not even a hint of AA inspection or anything.

Hello All This is my story, bought a car with welcome in early 2007, due to circumstances I ended up losing my home in 2008, but needed the car to carry on working.So I had to make the descision to keep paying it, and try to make best of a bad situation and keep a roof albeit rented over my wife and 2 kids heads. Now the figures just dont add up I have robbed and fobbed off Peter to pay Paul for nearly 8 months now. Spoken to welcome's vehicle recovery department and they have agreed that I clearly cannot afford any more. Now here it gets interesting I thought the car was on HP but is not, its what they call a car loan (CS2) I have not been able to pay the loan for 5 months now. Before christmas they told me voluntary termination was out of the question as its a car loan, then this vehicle recovery department phoned me in January to say the best for me was VT which I by all accounts cannot do!!. They have now passed it to the VT department. They just dont seem to want this car! and unlike other stories of cars from there this is a cracking car and has caused me no bother since I have owned it (VW Bora), but my sister has given me some money to buy an older car (£1000 ). Now I dont want this one to rot as it is a good car, and when they do take it I would like it to be in the condition I bought it, do I put it in storage? One other thing, is there any way of checking if the car is on the HPI register on the net by any chance. Sorry for the long winded Thanks Nigel

Hi No it does not state HP agreement anywhere on the agreement. There is also a statement saying that the goods become my possesion on the signing of the agreement. However welcome have stated that the loan is on the car and that it cannot be sold without clearing the outstanding debt owing. The car is also showing outstanding finance on HPI Curious as to what the hell this agreement is, possibly some kind of linked loan agreement prehaps. It does not say HP, but I cant sell the car without clearing the debt via a settlement figure. I bought the car at welcome showroom wakefield using their own welcome car finance Thanks Nigel

Hello If possible please I would like some help with my agreement. I'm unsure as to what my agreement is with welcome. I bought my vehicle from the wakefield branch of welcome and took their finance in October 2007. I dont know wether it is a hire purchase agreement or loan as it is secured on the car. I have spoken to consumer direct and the woman I spoke to yesterday gave me some information, then I spoke to someone different this morning and got a totally different answer. I want to hand the car back and pay the difference up to the 50% mark. The reason being is that I had a glitch of 1 payment that I made back up, however they now want to rewrite the loan over 7 years still secured on the car and I will end up paying back £17,300 for a car thats £4K so my payments are more managble in their view. The top of my agreement says "credit agreement regulated by the consumer credit act 1974" It gives me the figures ie x amount after 1/4, 1/2 and 3/4 etc. But there is no mention of my rights to termination(and that I will be eligble for only 50% Above this it also states "you have no right to cancell this agreement under the consumer credit act, timeshare act 1992 and financial services regulation 2004. I have signed my copy of the agreement but welcome have not. If I end the agreement then I will have to pay the total amount payable Am I on a HP agreement or on some other credit secured on the car, any help would be much appreciated Thanks Nigel

Hello If possible please I would like some help with my agreement. I'm unsure as to what my agreement is with welcome. I bought my vehicle from the wakefield branch of welcome and took their finance in October 2007. I dont know wether it is a hire purchase agreement or loan as it is secured on the car. I have spoken to consumer direct and the woman I spoke to yesterday gave me some information, then I spoke to someone different this morning and got a totally different answer. I want to hand the car back and pay the difference up to the 50% mark. The reason being is that I had a glitch of 1 payment that I made back up, however they now want to rewrite the loan over 7 years still secured on the car and I will end up paying back £17,300 for a car thats £4K so my payments are more managble in their view. The top of my agreement says "credit agreement regulated by the consumer credit act 1974" It gives me the figures ie x amount after 1/4, 1/2 and 3/4 etc. But there is no mention of my rights to termination(and that I will be eligble for only 50% Above this it also states "you have no right to cancell this agreement under the consumer credit act, timeshare act 1992 and financial services regulation 2004. I have signed my copy of the agreement but welcome have not. If I end the agreement then I will have to pay the total amount payable Am I on a HP agreement or on some other credit secured on the car, any help would be much appreciated Thanks Nigel

Hello all Just thought I would say hello, and say that I'm pleased to have found this forum. Thanks Nige