Welcome Finance 7 year old hp debt

[mitsy]

Me and my partner got a car with welcome finance in march 2004 over 4 years,

a £5000 car ended up being £9600:-o anyway we needed car at the time for my new job so bit the bullet,

 

We payed fine for 3 years then i lost my job:rolleyes: and didn't have ppi

so they have been after me for just over £2000 for a while but i haven't been able to afford it. I still have the car but its of the road and to be honest is worth a few hundred now, Welcome must have passed the debt on to Lewis group as the have been a few times and left a letter, Today being a final notice to pay or it will be sent back to head office:confused:

 

Welcome finance have made no attempt to reposese the car so how does this work, i have paid over £7000 in total.

 

I thought they would just turn up and take the car away so why are they using a debt collector:confused:

 

Thanks in advance mitsy

Edited December 12, 2009 by mitsy
more info

[ashmk]

While you wait for an answer check out the Welcome finance section of this forum and you might just find the answer your looking for.

 

Welcome Finance - The Consumer Forums

[PGH7447]

they cant take the car you have paid over 2/3 off the loan

 

send lewis a cca request for the loan details, that should shut them up

[mitsy]

they cant take the car you have paid over 2/3 off the loan

 

send lewis a cca request for the loan details, that should shut them up

 

 

Thanks for the reply, Whats a cca

[hunni2006]

its a request for the Consumer credit agreement, the document you will have signed when you first took the loan for the car out.

 

http://www.consumerforums.com/resources/templates-library/86-debt-collectors/581-cca-request-letter

 

hth

[excel1]

Welcome are on the verge of extinction so probably cant afford a court case!!!!

 

No seriously they need a court order as previously stated and the lewis group is owned by Cattles just as Welcome is so passing work from one co to the other send them the letter not to call at your home and to deal with everything in writing only.

[mitsy]

Hi little advice needed.

 

Got a car in 2003 through welcome finance £5.5 k car with £4.5k interest was paying fine until i lost my job in 2006, Most of the £10k paid off only around £2.5k left to pay.

 

At first they set up a payment plan and i couldn't afford to keep up payments and defaulted numerous times. The car has been parked on my drive for 3 years no MOT/Tax and is in pretty poor shape and is basically worth scrap money.

 

I have not heard nothing from welcome for over 3 years so i decided to HPI the car so i could scrap it but came back with money owed on it.

 

Basically i haven't been asked to repay the money for over 3 years and want to keep it that way:-(

 

But want to get rid of the car off the drive.

 

any advice?

 

thanks mitsy

Edited November 10, 2010 by mitsy

[dx100uk]

sar welcome

i bet you have heeps of unlawful fees to reclaim and a heep of mis-sold ppi/insurances.

 

dx

[pershing]

At my friends house they have the same thing, been dumped and not collected for more than 5 months now. Every time they call they just say it is in the system and you will get called about it in 48 hours. I reckon they know most of their cars are scrap value after a couple of years so it costs them more to collect them!!

[dx100uk]

threads merged

 

dx

siteteam

[Tingy]

Mitsy that's awkward as you don't own the car outright. You could try writing to welcome explaining that the car has not been used for three years and is only worth scrap value. You will scrap it if they accept the scrap payment as full and final settlement - get everything in writing before you do anything though.

 

If your friend is in the same situation as you, tell him to try the same thing. At the moment Welcome may be glad to clear their books of a few cases as they've got real problems!