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Urgent advice needed! Welcome sent repo agents!!


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All The Regular Caggers Who Have Been Following The Main Welcome Thread Know That Welcomes Weaknes Is In Its Insurance Racket.

 

When You Apply For Finance, Why Is It Do You Think The Agreement Is Thrust Under Your Nose With All These Micky Mouse Insurance Products On It.

 

Welcome Are The Agents On These Policies

Its Called Welcome Elite Brokers And Take A Nice Back Hander Of 17-20%commission

 

They Pass The Lot Up To Direct Group As A Smoke Screen To Hide This And Give Welcome An Air Of Being Respectable

 

So Not Only Do They Shaft You On The Apr Being A Front Loaded Payment, They Pay Them Self Commission For Shafting You

 

And At The End Of The Day Its The Customer Paying For This

 

Now How Menny Agreements Do Welcome Have

which National Paper Is Doing The Number On Cattles At The Moment

 

All The Pieces Have Now Fallen Into Place

 

Me Thinks A Long Chat With Dipply Is In Order On This

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Oh I see! Well it seems Welcome have sealed their own fate cos they sent me those documents as part of the sar. They sent me a whole load of rubbish I'd never seen before, but apparently it wasn't rubbish after all!!! They so stoopid!

 

I want to thank everybody for now being able to justify being a hoarder and never throwing anything away regardless of how useless it may seem :p:p:p

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WANNABEDEBTFREE

 

ILL DO A BRIEF EXPLANATION

 

A FINANCE CO, IN THIS CASE WELCOME, CANT DO COMMISSION PAYMENTS TO BROKERS, (IN THIS CASE THEMSELF) AND NOT DECLARE IT TO THE BORROWER.

ALL COMMISSION PAYMENTS HAVE TO BE DECLARED ON THE AGREEMENT

 

AS IT STANDS, WELCOME AGREEMENTS ARE CRAP, DEFUNKED,

 

have a nose and we have the proof

 

Wilson v Hurstanger | OUT-LAW.COM by Pinsent Masons LLP

 

we all knew this was the case in welcomes agreements but it was just one step ahead of us

 

now we have it

 

letter to oft

fos

fsa

 

on its way

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ell- Enn

 

if You Are Out There Or Any Insurance People

 

can A Finance Company Also Be An Insurance Broker.

can A Finance Company Do A Loan And Put In Its Own Insurance Products

 

ime Thinking

 

conflict Of Interest

not Operating In The Customers Best Interest

 

any Incling To Put AnOther Nail In The Coffin

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They may be allowed to be a "broker" but that would imply they compare the market and suggest the best deal.... i.e. they can't just insist it's their product or none at all. Isn't that the same basis as mis-sold PPI

 

You'd be best to ring the FSA maybe?

 

I'm not well-read on insurance problems (yet!)

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WANNABEDEBTFREE

 

ILL DO A BRIEF EXPLANATION

 

A FINANCE CO, IN THIS CASE WELCOME, CANT DO COMMISSION PAYMENTS TO BROKERS, (IN THIS CASE THEMSELF) AND NOT DECLARE IT TO THE BORROWER.

ALL COMMISSION PAYMENTS HAVE TO BE DECLARED ON THE AGREEMENT

 

AS IT STANDS, WELCOME AGREEMENTS ARE CRAP, DEFUNKED,

 

have a nose and we have the proof

 

Wilson v Hurstanger | OUT-LAW.COM by Pinsent Masons LLP

 

we all knew this was the case in welcomes agreements but it was just one step ahead of us

 

now we have it

 

letter to oft

fos

fsa

 

on its way

 

Hello Post,

Been doing some reading and I have to admit it gets interestinger and interestinger! So if I'm right do I have a case for secret commission?? If I do then it leaves Welcome open to investigation for all their other agreements?? Please correct me if I'm wrong, I'm still a newbie :-)

 

So now they really can't take my car :-D8-):-D8-):grin:

 

I trust you'll keep me informed on what I should do next.

 

I can't believe the gravity of all this! I'm so happy, I'm so happy!!!

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in your insurance paperwork

this would have been sent from a company called direct group,

do you have an underwriting sheet showing any commission payments to a broker

 

its a long shot but welcome will slip up one of these days:)

 

I wonder what made you ask me this question??

 

Divine intervention methinks!!

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If it is parked on private property, and they turn up without a court order, call the police. Tell them that you forbid them to step onto your property, and you WILL have them in court on a charge of trespass, and if they touch the vehicle, you will add criminal damage to the mix.

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