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Welcome Finance Question.

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Once the F.O.S has made a decision regarding my accounts with Welcome Finance which I did not agree with, Can I start all over again with a fresh claim or is it case closed forever ???

 

Unless you are complaining on new grounds or have new evidence or information, I would say its not going to get you far with the FOS if they have already decided.

 

There is the option of making a claim with the court. I will tell you first hand though, its an enormous amount of work, and shouldn't be done unless you intend to follow through to the end.


Please overlook my typos and spelling mistakes, sometimes my fingers arent in sync with my brain :)

I am just a consumer and have no legal training. My posts are opinion only, based on my own limited experience. If in doubt you should seek legal advice from a qualified practitioner.

 

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I have decided to have another crack at this.

 

I am currently paying £10-00 @ month through Lowell

and the only contact I get from Welcome is a yearly statement telling me the debt is now £ 26000...

 

I am requesting a full Subject Access Request for a second time as The F.O.S. never returned all of my paperwork the last time.

 

I am thinking of attacking Welcome irresponsible lending as they knew my partner

was not on the property but said that did not matter and they knew we did not earn enough

as I was the only full time earner in the family.

 

Anyone tried to prove irresponsible lending with Welcome ?

 

Are Lowell buying these loans from Welcome or are they the same group ??

 

I have just signed up with Experian and no sign of Welcome or Lowell on my report ??

 

 

Any advise please ??

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Good Morning All.

 

 

A couple of questions please..

 

 

.I have no record on Experian or Noddle of having a Welcome Secured Loan ?

 

 

Is it true that Welcome have removed all Credit Records from Credit Scores ?

 

 

If so will the Charge be removed from my Property ?

 

 

Also I have all documentation dating back to 2002 so can I claim PPI on those loans ?

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Good Morning All. A couple of questions please...I have no record on Experian or Noddle of having a Welcome Secured Loan ? Is it true that Welcome have removed all Credit Records from Credit Scores ? If so will the Charge be removed from my Property ?Also I have all documentation dating back to 2002 so can I claim PPI on those loans ?

Yes Welcome have removed data from CRA files, the charge on property can be challenged.

PPI claim is ok.

Are you being chased for payment on this.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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Good Morning. Thank you for your reply,

 

 

I lost my complaint to F.O.S. Regarding all of the charges , interest etc and also I challenged the agreement but lost that as well.

 

 

Have been paying £10 per month to Experto for about a year now but would like to sell my house

 

 

but am very worried about the charge.

 

 

Early agreements in 2002 / 2003 / 2004 and 2005 are littered with PPI,

 

 

Can I claim for those ?

 

 

Any help would be very much appreciated.

 

 

I am also thinking of going back to the F.O.S. to complain about irresponsible lending by Welcome.

 

 

Anyone had any succes with this ?

Edited by pwg6565
Adding Information.

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Good Morning. Thank you for your reply, I lost my complaint to F.O.S. Regarding all of the charges , interest etc and also I challenged the agreement but lost that as well. Have been paying £10 per month to Experto for about a year now but would like to sell my house but am very worried about the charge.Early agreements in 2002 / 2003 / 2004 and 2005 are littered with PPI, Can I claim for those ?Any help would be very much appreciated.I am also thinking of going back to the F.O.S. to complain about irresponsible lending by Welcome.Anyone had any succes with this ?

 

 

Hi, Yes you can reclaim PPI premiums paid, have a read around the threads on refund claims and Welcome it will give you an idea where to start.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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if the loans were a refinanced chain

 

you are in for one mighty reclaim

 

see link 1 below.

 

this could also reopen your charges issue too.

 

as, if when the PPI is removed , it shows you were not 'in default'

then the charges should be refunded too.

 

why are you paying lowells?

 

have you sent them a CCA request?

 

all you docs are on your photobucket page

 

can you not please download the album

and convert to PDF and attach here.


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thanks for the replies regarding these issues.

 

 

I take it a refinanced chain means when you have a new loan which takes over from an existing loan ?

 

My documents are on photobucket but I would not know how to change them.

 

 

I will have a go though.

 

 

Most of my original document went the the F.O.S at the time of my complaint.

 

 

The problem being I did not really understand what I was really doing when I was questioned by them.

 

The debt collection company wrote to me and told me I had to pay.

 

 

I have not had any response at all from Welcome other than a yearly statement

and the debt is no longer showing on my credit file.

 

Would you suggest I start the whole process over again ?

 

 

Can I claim PPI back right from the very beginning ?

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on your photobucket page

on the right is a blue?

link that says download album.

 

 

use that

then if they are already PDF then post them up

if not pop them ALL into a word document

and pdf that and post it here.

 

 

if you read link 1 below

it explains how to calculate a refinanced chain

 

 

have you ever sent lowells a cca request


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I will try a few and see what happens.

Its Experto Credite that I pay and I have not requested this information from them. Should I ?

I thought the information had to come from Welcome ?

 

This was the last agreement I had. Many before in the early years had PPI but the later ones did not it seems.

 

They are not coming out very well. Will try for some new ones.

Do you think I should request for all information Subject Access Request to Experto and start from scratch ?

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you need to PDF them please

 

 

sar goes to WELCOME finance if you need it

 

 

whoever you are paying now = you need to send them a CCA request.

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I have sent a CCA REQUEST to Experto Credite and SAR to Welcome and also have enquired into the PPI. Will keep you posted.

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why not do the PPI yourself

not enquire about it.

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Had a few replies.

 

Experto Credite sent back my cheque for CCA and said I did not need to pay for it and they had applied for the CCA from Welcome.

 

I have now received this from Experto Credite.

 

No SAR yet from Welcome but

 

I have received some PPI Complaints forms from Welcome which look like F.O.S. complaint forms.

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is it the fos one:

 

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

 

 

or is it one from the FSCS?

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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That the one....

 

 

Sorry its been a while but had a spell in hospital for an operation.

 

 

I have also recieved a letter now from Welcome saying that I cant claim PPI from them

now as I have gone past the 8 week response date and

 

 

I have to go straight to the F.O.S.

 

 

Does that sound right ?

 

 

Also Experto Credite are now chasing me for the debt.

 

 

Help please !!!

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load of bowlarks!!

 

 

of course you can reclaim the PPI

 

 

what have you done / sent them so far?

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Happy New Year Everyone...

 

I have to admit I have become lazy & my whole Welcome Finance problems have been plodding along in the background

but I have just received an unwelcome wake up call.

 

 

I never seem to get anywhere and all of my claims have been rejected for some reason or another,

most of which I dont understand to be honest.

I am shouldering this +£26k secured debt that does not appear on any of my credit files at all

 

 

I received a letter earlier this week from [removed] stating my PPI claim had failed as my loan started before 2005,

to top it off I now all of a sudden have received letter and phone calls from Welcome chasing the debt again.

 

 

The latest one tells me I can get a reduced rate if I pay the debt off and I must call them to arrange payments.

I had been paying Experto Credite £10 @ month for about 2 x years to keep them off my back.

 

Any Ideas would be very much appreciated please ??

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why did you use a fleecing claims co?

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Hi,

why have welcome removed data from CRA files?

 

 

Should I be worried out the defaulted loan if its not on my CRA file?

 

 

I've got a re-loan with them too and being chased by Lowlifes too

 

Yes Welcome have removed data from CRA files, the charge on property can be challenged.

PPI claim is ok.

Are you being chased for payment on this.

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prob default goto 6yrs ?

 

 

post 336 had all the statements in?

cag had a crash can you repost that pdf?

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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In Feb this year I decided to start a new complaint asking to claim PPI and asking for charges to be removed from this account. Also explaining I felt the Secured Loan had been enforced illegally due to some pressure selling when I signed for the last loan.

I have just received the reply and Welcome are partly upholding my PPI claim but I cannot claim as they are going into liquidation. I can of course claim through the F.O.S. but Welcome state that I will more likely receive pennies rather than pounds.

It also states my complaint must be referred to the underwriters of your insurance for it to be considered ????

 

No mention of course of miss-selling or charges etc, as per my complaint. Obviously I am going to follow up with the F.O.S. and will have to go back to Welcome regarding the other Complaints which they have ignored again.

 

Are Welcome finally losing any grip on these Loans are are we going to see the light ?

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What confuses me is that they apparently went bust years ago?. Yet people are still getting communications from WF ( myself included just this week). So if previously bust years ago surely this is not the same company but more someone who bought the previous companies debts and accounts and possibly bought the trading name to go with the accounts as so to appear as if the same company?.

 

If any of this is like the case, then surely any such communication can be thought of in the exact same light as any debt recovery agency regardless of if called and trading under the welcome finance name?. Interesting to hear the current brand holders may well also be going into liquidation. Might explain my own odd communication just this week to chase what's likely a statute barred debt.

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Just a small update..

I have received a letter from Aviva telling me they will now investigate my claim as underwriters and they will be contacting Welcome Finance for more information.

Nothing further from Welcome regarding my complaints of miss-selling etc so I guess that one will have to go yet again to the FSA. Oh I have also stopped the £10 a month token payments to them so lets see if that gets any attention form Welcome.

Anyone else had a PPI response telling you that they are in liquidation process ?

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