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jdene

Unknown 1st credit CCJ/CO welcome finance debt

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Hello all

just a quick qquestion i have a car on hp from welcome but it was through netcars 2000

i had the usual got to have the insurance which adds to almost £3000,00 the loan was only for 6.5k

 

I have not been able to read the agreement properly due to the ridiculously small print but after reading this thread i scaned it and zoomed in the box which i thought was thier signature to the agreement was for the signature of a witness to my signature only thing is it was all done by fax and the witness to my signature is some lady in manchester that i have never met and she dated it on a day i can proove i was no where near manchester, in fact ive never been to Manchester

 

is this right can she claim to have witnessed my signature when she didnt,

she is employed by Welcome so i assume they instructed her to do this,

 

have also noticed on my credit file that after paying 24 months of a 36 month contract for an original 6.5k loan there is over 7k left to pay also a few of thier figures don nat tally ie. total loan ammount works our more than the monthly repayment times the term, its all very murky on the agreement.

Any advise welcome no pun intended.

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Hi jdene,

if what I think your saying is right then Welcome and the woman signing your agreement have committed fraud. This is a serious matter and one I would personally report to the police if it was me. If as you say its a witness signature and you was nowhere near Manchester they are attempting to gain money from you by deception. Go down to the local cop shop and report it, at least it would be investigated. ( well we'd like to think it would be investigated )


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Hi Falcon185

I have sent off SAR and CCA letters today to see what they come back with, they have added a fortune to the loan with thier extras, and the ballance they have registered cannot be right so im hoping the fradulent signature will come in very handy soon and when i get all my money back for thier extras I will be notifying a few authorities, I dont want to get out of paying what i borrowed even with thier exorbitant interest but the charges and extras i will not pay never wanted thier insurance but was bullied into it like so many others they now we will agree to anything when we are desperate for transport for work.

I will post again when i hear from them in the mean time best of luck to everyone with thier claims and please feel free to comment on any of my posts.

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Have recieved reply to SAR and CCA requests showing a number of payments marked as Fee's all different figures and no explaination of what they are for, also included was the credit agreement which has a box for signature of witness to my signature which has been signed by a lady i have never met who is based in Manchester so i have never met her so how can this be a witness to my signature, is someone allowed to sign as a witness if they do not witness me signing the document? I will be reclaiming the fees and the PPI as i was also given what seems to be the normal sales pitch which was if you dont have the insurance the may not be approved or it could send the interest payments up, the insurace cost is almost £2,000 i requested details of the insurance and they refered me to Direct group who they told me administer the policy but they couldnt even tell me who the policy is with only that they administer the policy for Welcome meaning that any claims are sent to them, but they if they cant or wont tell me who the policy is acctually with who pays out when a claim is made, this all makes me question weather there actually is an insurance policy in place or dose welcome just set up the extra payments to cover them if someone misses payments or has a genuin claim if this is what they do they make a fortune off the people who never miss a payment.

anyone with any experience of this i would really appreciate some help before replying want to do this right no mistakes.

Regards

jdene

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sorry put this thread in wrong forum could a Mod please move it to a more suitable forum sorry for the mess up

jdene

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Please could some one move this thread for me i need quite a bit of advice on dealing with Welcome would appreciate it if it could be put in other institutions or general debt it regards car hp and miss-sold ppi also unfair terms and conditions

Thanks

jdene

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Have checked through the paperwork welcome sent in very small print it mentions an option fee this has to be paid with your final payment if you decide to buy? the car this is a very underhanded tactic after paying your loan in full you have to pay an extra fee to actually keep the vehicle you have paid ten times the value for

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check terms and conditions section 4 ownership of the goods this has realy got my goat it can not be a legal condition.

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Hello Leo I had dealings with these clowns you may find to late as i did that they represent Welcome finance if you can get out get out now, they are an absolute nightmare if you cant get out of it whatever you do do not accept thier insurances they will triple the loan amount and are not worth the paper they are written on.

best of luck with it

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Hello again sorry to butt in but just a very quick querie my complaint is with the FOS but I have found more wrong doings with these idiots regarding thier charges I never recieved any notification before they added them but didnt mention I wanted the charges struck off to the FOS is it to late to update them now.

again sorry for butting in this thread is addictive.

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Hello again sorry to butt in but just a very quick querie my complaint is with the FOS but I have found more wrong doings with these idiots regarding thier charges I never recieved any notification before they added them but didnt mention I wanted the charges struck off to the FOS is it to late to update them now.

again sorry for butting in this thread is addictive.

 

I think you can add on

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Cheers for that andie ill get the letter done this weekend quite enjoy writing them now lol

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Hello again sorry to butt in but just a very quick querie my complaint is with the FOS but I have found more wrong doings with these idiots regarding thier charges I never recieved any notification before they added them but didnt mention I wanted the charges struck off to the FOS is it to late to update them now.

again sorry for butting in this thread is addictive.

 

 

Yes just update them with anything that needs adding on.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Thank you Martin3030 will be adding a few bits was wondering if the secret commision is applicable to these as well, as it was netcars2000 that set the loan up with welcome finance but theres no record of them recieving any commision or fees from welcome on any of the documents they have supplied me with, but cannot imagine they did it out of the goodness of thier hearts so sending an SAR to netcars as well to see what welcome payed them and try to find out how they have hidden it within my loan payments.

 

Thanks Andie just thought it may be worth a shot I may waste a £1 on a CCA though to see if that turns up the undewriting sheet that may show the full breakdown between welcome and Netcars I just read on another thread that if secret commisions can be proven it can invalidate the whole loan but this may only apply to mortgages, something to do with fudiciary duty and not acting in thier clients best interest, but im not sure yet.

if i dig anything up ill post it here for everyone to check into it.

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Ok have nearly reached the offer stage from welscum on my own account, and My Daughter in law informs me she has had these parasites chasing her since 2002 for a 5 year secured loan of £6,000.00 and she still owes £5,870.00 after 7 years of paying, she had this loan with her first husband and they divorced soon after and then met my son, so thats the background.

She never told me about the loan or i would have been trying to do something for her sooner ( with a lot of help here )

So its a £6k loan over 60 months with PPI at £1,932.46 Mortgage indemnity fee £660.00 Acceptance fee £215.00 Emergency home care £125.00 and health care £380.00 and as welcome have it makes a total of £9,312.46 at an apr of 30.8% rate of interest 1.85% per month at £258.26 per month now my problem with this is that these payments give a total of £15,495.60 but this is not on the agreement, there are no declarations of commision payments to the insurance brokers or to any other party. and when the insurances were needed were not available as always welcome have many reasons for paying any claims.

I did a CCA and they have sent the minimum but no details of the insurances such as policy documents terms and conditions etc, also none of the ussual screen shots like i recieved when I had my CCA back so any help will be greatly appreciated (post or andy lol) I will get the agreements and land registry documents posted asap.

Regards

jdene

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Have you done an SAR?

 

Sounds like you definitely have a case for missold PPI.

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Hi djwigster

Yes done all the normal CCA and SAR but they have only sent about 3/4 of what should be here and nothing on the insurances.

 

How do I get the image from photobucket onto the page please.

 

th_Creditagreement.jpg

 

whoops not quite what I had hoped for

 

Paymentprotectiondeclaration.jpg

 

Creditagreement.jpg

 

Good lord ive only gone and done it, well my daughter did it for me but its there and i can read it.

jdene

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Hi

Contact Direct Group On 08444124100

 

They Hold All Insuraces For Welcome, Hope This Helps

 

Essexboy

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Ant comments on the above would be much appreciated, I have noticed no total amount to be repaid in the agreement and no details of commision payments and the T&C's seem to be from a different document also the signatures at the bottom of the customer declaration are deffinateley not genuine but I have had to cover these to post the document.

jdene

 

Hi essexboy

do they hold details for secured loans as well thought it was only for car hp. but you are probably right knowing the relationship between them.

jdene

 

how do you put a link in a thread ? anyone

jdene

 

Hello Post if you get chance could you take a quick look at the latest agreement I have posted for my Daughter inlaw

Cheers jdene.

http://www.consumeractiongroup.co.uk/forum/welcome-finance/228539-welcome-secured-loan-ppi.html#post2531099

 

ok managed it getting quite the computer operator now, will be able to find my email one day.

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Hi Jdene

 

I Have Had Life Care, Health Care And All Sorts Of Care Care, So I Dont Believe This Makes A Diffference, But I Am Sure Someone With More Knowledege Will Correct Me.

 

Even If You Ring This Number No Policies No Help What Have You Got To Lose You Need To Know Who Supplies The Ins If You Need To Make A Claim

 

Essexboy

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Ant comments on the above would be much appreciated, I have noticed no total amount to be repaid in the agreement and no details of commision payments and the T&C's seem to be from a different document also the signatures at the bottom of the customer declaration are deffinateley not genuine but I have had to cover these to post the document.

jdene

 

Are you saying that you think Welcome have forged your signature?

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djwigster well its my daughter inlaws signature and as she never signed this document never actually seen it before, and the signature is significantly different from her normall signature, I can only assume something is wrong but I could not accuse anyone of forgery I could get cagbooted for that but I think you get the idea.

jdene

 

essexboy, I will be rnging them in the morning to see what they have as you say theres nothing to lose will let you know what they say.

jdene

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Well it wouldnt be the first time. Theyve been caught out before when people have been able to prove the forgery with forensic graphologists reports and the like...

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djwigster

they will try anything except honesty and fairplay, fortunately they always fail, I am going to offer them the chance to repay all insurances with interest and the statutory 8% which will clear the outstanding balance, when they refuse as they always do, to stupid to take the expedient route, then I will take them for secret commisions unlawfull charges, improperly executed agreement, and just request all money paid returned a nice clean credit file, and the missold insurances on top as a bonus.

 

Just me and 6 guests I feel like a wedding crasher.

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Hi Jdene

 

No They Hold Insurances Other Than Car Hp, They Also Do All The Above And Personnal Ppi As Well, Wether That Is Secured I Do Not Know But Ask The Questions

 

I Would Also Advise Your Daughter In Law To Sar Welcome As You Might Just Be Surprised What This Might Show With Regards To The Account

 

Welcome Like People Who Keep On Paying Why No Questions Are Asked

 

It Is Likely Pre 2007 Agreement Are Not Enforceable But This Is My Own Interpretation Of What I Have Read And The Fact There Are Numerous Companies Advertising This Fact

 

Others Will Help

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