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Welcome Finance - Is This Enforceable??

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didnt sign in the show room? or trade premises,

 

what do i do???

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Emaneys

 

Please Explain

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sorry,

 

Clearly I am unsure if it is unenforceable. i think it is, some dont.

 

Should I do the following in the order as written?

 

1) Dispute the account? - please can you put me in the correct direction where to find the letter template?

2) 'Compensate' me to the tune of writing off the balance of the loan???

3) Issue letter before action

 

I am a lttle unsure as to FOS means, and how I get a judge to rule the agreement unenforceable?

 

please can you help?

many thanks,

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Got A Link To The Agreement

Where Did You Sign The Agreement

Was It At Home

Did You Post It

 

Please Answer As Important

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1) the agreement is noted in this thread as welcome amended2. (attached for you as well

2) Signed the agreement at home (I think I had someone to witness at work)

3) Posted it back

Welcome amended2.pdf

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Right Then

 

This Might Be The Killer Blow

 

how Long After You Signed And Returned The Agreement Did Welcome Release The Funds

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blimey, not sure on that one?

 

Should I do a SAR? (I know I should have done this first) I did a CCA and they just send me that agreement.

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Check With Your Bank When The Funds Were Paid In

 

You Need Some One Like Stephen To Confirm As Secured Loans Are Not My Thing But I Remember That A Cooling Off Period Of 14 Days Needs To Be Given From Your Sig On The Agreement To Payment Of Funds

 

Not Gospel So Get It Confirmed

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Thats For Secured Loans

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yes, its a secured loan.

 

Is this the only thing wrong with it?, or are there other things I could get on unenforceablity?

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Like To Help But Liked I Said

 

Secured Loans Are Not My Thing

There Are People On The Forum Who Are

 

This 14 Day Cooling Off Period Might Be All It Takes As The Agreement Would Not Have Been Executed

 

Try And Get The Date The Funds Were Paid In And I Will Do Some More Research

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ok, thanks, i will pm you once i know.

 

does the funds have to be cleared in my account (cheque/bacs etc)

 

many thanks

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Correct

 

Its 14 Clear Days From The Sig On The Agreement To The Moment It Hits Your Account

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Hi,

 

Here is my previous thread:

 

http://www.consumeractiongroup.co.uk/forum/welcome-finance/204878-welcome-finance-enforceable.html

 

However,

 

The small print states that I have no right to cancel - even though I did not sign this agreement at the trade premises.

 

My understanding is that If the agreement is cancellable (because it was signed off trade premises), notice of cancellation rights must be included in the copy agreement, and must also generally be sent by post or email to the borrower within seven days.

 

If the above requirements are not met, the lender can only enforce the agreement against the borrower by getting a court order. Local authority trading standards services or the OFT can take enforcement action against the lender, using powers in Part 8 of the Enterprise Act 2002.

 

I think this is defos now unenforceable, so can anyone give me the thumbs up, and show me some letters where I can contest/dispute the agreement?

 

many thanks,

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is it a secured loan

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yes

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next question and be honest

 

after you signed the agreement, were you allowed no contact with welcome and how long after you signed on the dotted line did the funds go into your bank account (days)

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blimey, dont know, loan was back in 2005.

 

Have requested a full SAR, still awaiting ALL information.

 

I remember that they gave me some cheques, to pay off my other debts.

 

any other suggestions?

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they defo didnt say I couldnt contact them.

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are you still being shafted by welcome over this loan as ime just about to make you a very happy bunny

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still shafted bigtime by this shower!, if you can make me a very happy bunny I will buy you the biggest pint of beer I can!!! (or fuit juice!)

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ok here it is

 

when you apply for a secured loan, after you sign on the dotted line, the creditor, being welcome,

 

they have to give you a 14 day cooling off period

this gives you extra time to think about the commitment.

in this time welcome are to have no contact with you to put any undue pressure as its secured on your house

 

only then after 14 days can welcome release the funds and execute the agreement

 

this business of non canceable as signed on trade premisis is rollocks

 

they have to send the agreement to you to sign through the post and then you return it to them

 

the cooling off period alone kills that argument dead

 

 

ask tou bank for statements just after you signed to see when the money was paid in

 

happy:D

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sorry, can you explain Im thick!

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