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    • I left Dubai 8 years ago and intended to return. However a job prospect fell through. I’d been there for 15 years. Anyway I decided to pay my credit card and the bank had frozen my account. There is no means to pay the CC so completely unable to pay when I wanted to other than the bank advising me to ask a friend in the UAE to pay it on my behalf!  fast forward bank informs there is a police case against me for non payment. Years later IDR chased me and after months/ years they stopped. Now Judge & Priestley are trying their luck. Now I have received an email in English and Arabic from JP saying the bank has authorised them to collect debts. Is this the same as IDR although I didn’t receive anything like this from them. Just says they are authorised?
    • The neighbour's house is built right on the boundary so the side of their house is effectively the 'wall' in our garden separating the two properties. It's a three storey house and so the mortar poses a potential danger to us. Because of the danger, we have put up an interior fence in our garden to ensure we don't risk mortar dropping on us. That reduces the garden by 25% which is not only an inconvenience, but it's the part of the garden where we had lined up contractors to install a patio and gazebo which we will use for our wedding reception in less than 2 months. We have spoken to the neighbour's caretaker who is on the case, has spoken with a roofer and possibly a scaffolding company, but there are several issues. They don't seem to understand the urgency. As long as there is a risk of falling mortar, we can't carry out any work in the garden, and unless they hurry up, we're looking at cancelling our wedding as it's not viable to book a venue because we can't use our own garden! Also, they want to put the scaffolding up in our garden which would be ok with us if it was a matter of a few days and they hurried up, but there is a tree (most likely protected by the conservation area), so most likely they can only reach part of the roof with the scaffolding if they put it up in our garden. We suggested a roofer with a cherry picker but they seem to want to use a company they've used before. Any and all comments, suggestions, advice is more than welcome.  PS. does it make any difference that the neighbour is a business (ltd) and not a private dwelling?
    • No apology needed, thank you for what you do I am glad to hear they paid. well done on getting back what is yours
    • Apologies all for the late reply and info, i have been away with the Army. They have paid I accepted the offer on the 5th of May, and they paid on the 17th of May.
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

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Welcome Finance


hayley
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Hi all

 

After reading all the terrible stories about Welcome Finance on here i had a look at my credit agreement but cant get my head around all the figures not too good at maths. I was wondering if someone could have a look over them for me please.

 

I bought a BMW for £7000, but put a £2000 deposit down so had £5000 on HP, I also purchased shortfall extra insurance which was £295. This is what the agreement says:

 

Amount of Credit for the goods £5000.00 (A)

Amount of credit for the insurances £295.00 (B)

Total amount of credit £5295.00 ©

 

Total amount payable for the goods (A + R + V) £10,619.52 (D)

Total amount payable for the insurances (N + W) £483.84 (E)

Total amount payable (D + E) £11,102.38 (F)

 

Cash price for goods £7000.00 (M)

Total cash price for insurances £295.00(N)

Total Cash Price £7295.00 (0)

 

Deposit cash £2000.00 (P)

Deposit P/X £0.00 (Q)

Total Deposit (P + Q) £2000.00 ®

 

Acceptance fee £195.00 (S)

Finance Charges for Goods £3324.52 (T)

Option fee £100.00 (U)

 

Charge for credit for goods (S + T + U) £3619.52 (V)

Charge for credit for insurances £188.84 (W)

Total Charge for credit (V + W) £3808.36 (X)

Rate of interest on credit per annum 16%

 

Duration of agreement 48 months payable by monthly payments of £187.57 APR 33.6%

 

Thanks in advance:)

 

Hayley

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hear we go again

another welcome satisfied customer

may i ask when you took out the agreement

can you also post the agreement minus personel details using photo bucket

interesting as they are still adding acceptance fees

need to see agreement

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pt,stephen, or curlyben wil be around shortly to have a look

consumer credit act has now changed as you are not given now the protection of the cca 1974, as this is a recent agreement after the change

to give you an idea of what welcome are like have a look at my thread

 

must say welcome seem to be learning now on there agreements

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pt,stephen, or curlyben wil be around shortly to have a look

consumer credit act has now changed as you are not given now the protection of the cca 1974, as this is a recent agreement after the change

to give you an idea of what welcome are like have a look at my thread

 

must say welcome seem to be learning now on there agreements

 

Ok thanks, i have read through your post thats what made me wonder.

 

Good luck with it:)

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as my agreement is under the cca 1974

i am not savy on the new cca

like i said some one will be around soon who is

 

dont want to give inacurate info

 

mind you your agreement does state regulated under the cca 1974

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was this agreement taken out before march 30 2006

 

sorry

i see the agreement was sep 2006

pity

i will hand over to someone with info on new cca

 

 

I was wrong about the date apparantly it is brought into effect in stages there's still hope lol :)

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thanks pt

great as usual

 

What does this mean? i also had a loan with Welcome in 2005 which is now settled should i post that agreement on here too because i had insurances with that also?

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No dont have any problems at the moment just was curious to see if my agreement was all correct, i just wanted to see if the workings out were correct really because i keep thinking that they have charged me interest on £7000 not £5000 because it's so confusing (well for me anyway lol).

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with my claim against welcome,

one of the things they do is front load insurances, acceptance fee, ppi etc, before calculating interest

this is unlawful, works like a mortage

if you want to go down this route you could get a sizable rebate.

be under no illusion, welcome will fight all the way

think about it first.

this is being decided in my case in court on the 5 feb

when i suceed , this will be a great lever to throw at welcome

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You can easily work out the if interest charge is correct by doing the following.

 

Annual interest rate = 16%

Term of agreement = 4 years

Therefore total interest charge = 16% x 4 = 64% (or 0.64)

 

Total amount of credit = £5000 + £195 fee = £5195 x 0.64 = £3324.16 (which I know is 36p out but that is likely to be the roundings used in their software)

As for the £295 shortfall insurance, you can calculate this the same way and get to £188.80 (4p adrift from their figure).

 

You are not paying interest on the Option Fee because this will be payable at the end of the agreement and not the beginning, therefore you are not 'borrowing' it.

 

Hope that helps.;)

 

 

with my claim against welcome,

one of the things they do is front load insurances, acceptance fee, ppi etc, before calculating interest

this is unlawful, works like a mortage

Could you expand on this at all - i.e. what do you mean by 'front load'?

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ime afraid i am not up on figures and extras

in my case acceptance fee was added before calculating interest

this is unlawful, ref wilson v fct

along with many more transgressions

ime sure some one will be along to tell you the verdict in your case ref acceptance fees etc

like i said, welcome seem to be getting there act togeather with there agreements

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