Thanks. Yep I think that you are right.....

Hiya Beyondhope, I will keep you all informed on the progress of my complaint. Is WF sinking though ???? Take care Voda

My God, it's quiet on here.... Anyone would have thought Welcome had gone bust.... No chance guys, they will be around for years yet, that I can assure you.... I never trusted much that was said on here about them going out of business. Well it's all going to start up again as I received a patronising phone call from a jumped up woman at the Feltham branch just now. So everyone expect your phone to start ringing soon. She was patronising to say the least. How dare she speak to me by saying that I must act in a mature and responsible manner. She said that the monthly cheque that I just sent WF was not enough, so I said this amount was all agreed in writing with their LCU branch in Sutton last Autumn backed up by an Income & Expenditure Statement. This LCU branch closed down earlier this year by the way and I had a letter saying my account is back to the original lending branch. Also I have it in writing that all interest and charges are frozen ( as per my recent statement from them ) I then put the phone down and called Nottingham and spoke to a woman there who will be lodging my complaint with their Compliance Dept and they will get back to me within 48 hours. I will also back up my complaint in writing. So these people are still up to their old tricks and have low grade salestaff on commission trying to get money out of you by their usual bullying techniques. Thus Welcome Finance have not changed one bit in how they operate..... I loathe them with a vengeance but I know all the ways how to deal with them and if the branch calls again, then the phone goes down at once. Voda

Hiya, Nope I don't get any allowances and my car is bog standard. Good luck to you as well. Take care Nite Voda

Hi, Yes indeed. I checked the value of my car with Parkers the official car valuation guide used and in a few months time, it will be under £1K in value. Then I will go for it and have all my debts written off. I have already been advised to do this by the CAB and other debt charities. Being a pensioner now, I need every penny that I can get and not paying creditors who will be around for many years to come. These companies take a risk when they lend you money and this risk factor is built into their interest rates. I don't know about Welcome's future yet but most of these firms will be trading many years after a lot of us will be history, if you know what I mean !!! Voda

H'mmmmmmmmmmmm It doesn't matter who the legitimate creditor is, they still have to work within the law and various guidelines. Some things said on here, I take with a pinch of salt. Have a nice weekend everyone. Voda

Hi Stewie and everyone else who kindly have replied to my post. Many thanks for all your advice.... My apologies that I have not replied to you all earlier but my PC had a corrupt file and I have just got it back from the repairer. Maybe Welcome got to it ............ I did get a letter dated August 2009 from the LCU Dept of WF that was based at 307 High Street, Sutton, Surrey stating that they confirm interest and charges are now frozen subject to quarterly review. The letter was headed " WITHOUT PREJUDICE " incidentally ..... I see from my latest statement dated 30th Dec 2009 that no Capitalisation has been added since last August. Moving on, I received a letter ( dated February 18th 2010 incidentally, so nothing changes there !!! ) in the post from them today saying that my local Welcome branch is moving and is, in fact, back at Hampton Road West, Feltham where I took the loan out. As I was due to send my monthly cheque to them today, I called the old number at Sutton ( where I have been sending my cheque ) and the call was redirected to Nottingham. I was told that Sutton had closed and they wanted to put me through to Feltham to which I said " No Way ". I did not want to talk to anyone as I have had previous bad experiences with them there and for months I have been dealing with WF in writing and sending my letters by Recorded Delivery. When I aked him, the chap in Nottingham did confirm that interest and charges on my account were frozen which is good. So I await with interest ( excuse the pun ) to see what happens this coming Friday. Nite all, take care and thanks again. Voda

Hi, Yes they have frozen the interest and other charges. I recently received a statement from them and there are no charges anymore. They have not actually said that this freezing is for the lifetime of the loan. I suggest that the best way to deal with WF is to talk to them like I have done. Voda

Hi everyone, Thank you for your posts. Yes I tried the media but nobody replied to me. I fully accept that there are others on here that have been dealt with very badly by this company so I suppose that I have been fortunate. I suppose that I have got to an age when the fight has left me now. Gram 1, my loan was simply a Personal Loan. It's not a secured loan or for a car. Let's just say that I am now only paying around 10% of the original monthly amount and it will take years to pay off the loan. WF would rather have some money than none at all so after providing them with my monthly income and expenditure that was endorsed by the Debt charity CCCS, they had no option but to accept the figure that I could afford each month. Good luck with everything. Voda

Hi everyone, Sorry to be a messenger of doom but I have seen various people on here saying that they are going to do this and do that with Welcome Finance. i.e the Fraud Squad, the Inland Revenue, the National Press, Television or whatever. Unfortunately whether any of us like it or not, we are indebted to these people as we borrowed money from them and despite some of their practices, a debt is a debt. Becoming a Bankrupt or taking out a Debt Relief Order is the only way to shake these people off. I have been honest and up front with Welcome and they have frozen all my interest and other charges and I am paying them a very reduced amount which they have accepted. " You cannot get blood out of a stone "

They are getting desperate for cash now

H'mmmmmmmmmmmmm. What about forged signatures?

Let's hope that the Shareholders can do this as it seems that RBS, which is so typical of the fat cat banks, are trying to get away with it. If all of Welscum's debtors were to quit paying for one month or maybe two, then this would finally hammer down the nail in the WF coffin. If I am a day late with my monthly payment, I get a call from these sharks.

Hi Being Conned. I am female and because of that these **** think that they get away with anything including breaking the law. Little do they realise what they are taking on when dealing with the fair sex. Take them to the cleaners honeybun and remember we are all on your side. Enjoy the rest of the festive season and I am sure 2010 will be " Your year." Hugs Voda PS. Welscum forget that " Hell hath no fury than a woman scorned "

Many thanks and may I wish the same to you as well. Take care Voda

Hi again, If I find that my disposable income gets less than it is now, then I will send them an updated Income & Expenses Sheet and will pay them less. The way the cost of everything is spiralling upwards these days, I reckon this is a certainty. Take care Voda

Hiya, No I haven't as my issues with Welcome have been resolved and I am just repaying them a nominal amount each month. They have confirmed in writing that interest has been frozen and no other charges are being added. PS. I never had a seperate thread anyway hun

Postie, I hope the op went well. Merry Christmas and a wonderful 2010. Voda

Good luck with the surgery Postie. Will be thinking of you. Take care Voda PS. It's down to all that kicking of Welcome's butt ....

Evening everyone, Further to my two posts here and Postie's reply I had some fun today. See: http://www.consumeractiongroup.co.uk/forum/welcome-finance/109794-welcome-finance-434.html I had a call from CCS Collect once again and they asked if they could speak to me. I said " No she does not stay here any longer ". They replied " Then how come she gave this number for us to call her ". I said " I have no idea and told them curtly " To sod off ". Gee these people try all the tricks don't they to get you to acknowledge an old " Time Expired Debt " and get the clock ticking again. A friend of mine was visiting and I said to her " Shall I have some fun with these awful people ". So I called them witholding my number and asked the bloke ( not the same person that called earlier ) who answered " I would like to talk to you about Double Glazing ". He said that I have it installed already and I replied asking if his boss would like to talk to me about it. There was silence for 10 seconds and he replied could he have my number so that his boss, who was not in today, could call me tomorrow. I said " No thank you as I would rather call him ". I think that he guessed that I was taking the p**s out of them. FUN EH? :lol: Nitey nite Voda

Hiya Hun, You are so right about these type of people who think that we are all dumbo's. I will not even contact them and tell them via a letter that the debt is " Time Expired " as I want them to waste their money sending me threatening letters and making phone calls to me at unsociable times of the day. Of course it will all go away soon until the next time. They contacted me 2 years ago about the same debt and it was " Time Expired " then. They are just pathetic these companies. What a job calling and writing to people in order to try and get money out of them. They must be really sad people with no real ambitions whatsoever. Bit like Welcome Finance staff eh? I am a tough woman, for sure. Take care Voda

Hi everyone, Coincidence about Postie mentioning the harrasment call letter to WF. I have an old debt with Barclays Bank that is long ago " Time Expired " and I have been getting letters from CCS COLLECT-DEBT COLLECTORS on behalf of Aktiv Capital UK Ltd. They sent me a letter that arrived today saying that I have 72 hours notice of a home visit before recommending Court Action after investigating my home situation. Then I had two phones calls this evening from the blood sucking parasites. I told them in no uncertain terms that if they don't stop calling me then I will call the Police. They must think that I came up the River Thames on a barge yesterday. ******* *******'s. Oh dear I just swore..... If they dare come around to my home, then there will be a bit of a shock in store waiting for them..... Take care Voda

Hi again Postie, I am a late bird, too much clubbing in the 70's & 80's to change ... Nitey nite Voda

Hiya Postie, Not too much been going on in your absence except that I have informed Watchdog and Dom Littlewood of this huge thread. Nite Voda

Hi b-o-2, Will do. Take care Voda