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lucyjay

Welcome Finance confused???

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Hi, im new to this forum, but have spent alot of time the last few days, reading all these posts about welcome finance.

I got a loan with Welcome july 2007, £2,500 over 36 months at £150.40 which on paperwork i have, says the insurances i have are as follows

1st person lifecare 24; policy term in months 60 (?) price inc IPT £195.00; interest:163.56

1st pap: policy term i months 36 price inc IPT £175.00: interest £146.48. total payable; £680.04

After several months i knew i was experiencing money troubles and at the time thought the Welcome lady was being super helpful and can clearly remember being taken back by how helpful she was!

She said i could have my monthly payments reduced to £73.04 a month by just re writing the paperwork. STUPID as i know realise i agreed thinking they were helping me.

I am very naive as didnt really get the chance to go through the paperwork properly as it was very rushed and pressured me.

So i then have a New Loan agreement £3661.07 over 72 months it appears with no insurance this time. I have only the green and yellow copies from the agreement and only has my signature on it.No welcome signature at all. Both these loans came with a green Demands and needs statement which just has all there insurances on.

Well then in december 2008 A welcome man rang and said would i like a £600.00 top up, well, with not being suspicious of them ad again niave i agreed as i was strapped for cash.

I never went to the local office, nor did they visit me at home, paperwork sent through post, so again i have a unwitnessed printout with my signature on and a pre signed welcome signature with a different date but no witness? Is that needed? do the agreements have to be witnessed? Its not even a credit agreement, its just a print out version on plain paper.

So The new loan is for £4180.42 for 72 months: £83.19. total charge for credit £1809.57: acceptance fee £75.00: interest charge £1,734.57.

Im stupid i know but never really looked at this properly until i got the one and only statement through.

Sorry to go on but you look like the guys i need on board XX

I was completey thrown by nearly every other charge after i had paid (regularly) was a CAPITALIZATION CHARGE of half of what i paid each month!!!!

i rang Welcome and wasnt getting anywhere i had a very rude lady tell me that it was a interest bearing loan and of course i wouldnt understand it, as it would be like her trying to understand rocket science!!! i couldnt believe this. this is the point i joined on here.

I had a rather rude phone call friday by being told that i cant run away from this and that i will have to pay you know!!! and we will do a doorstep visit at some point next week and proceeded to put the phone down.

I have followed advice on here and sent them the cca request and the subject access with 2 postal orders inclosed sent recorded delievery in friday. i have also sent the doorstep and telephone harrassment letters, all to Head office. They have also rang my employer several times and turned up at my door about a month ago unexpected as they couldnt get hold of me( working) they came round to harrass me into setting up direct debit.

I dont know if i have a leg to stand on but i just dont get the figures and there treatment is disgusting, can anyone give me any advice as i feel my life is constantly worrying that welcome will turn up and start harrassing me or get nasty??

Thanks any help would be recieved gratefully

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urm...

me thinks you're in for a very large windfall.

 

do some reading here & all will become clear.

 

lookout welcome ... incoming!!!!!!!

 

postggj should see this soon and help with a large smile.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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OMG seriously?

Thank god i found you guys, seriously you dont know how grateful i am for this forum xx

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:oops: Edited by lucyjay

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then you need to post the links here.

make each doc full size

right click

hit copy

then come to the message box on cag and right click and hit paste.

 

make SURE you remove all identifying stuff and any barcodes.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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hi lucyjay

 

post up the agreement etc

 

i think ime going to enjoy this one:)

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:D

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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:oops: Edited by lucyjay

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well done on photobucket

can you repost please

rotate the image before posting

 

thanks

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well done on photobucket

can you repost please

rotate the image before posting

 

thanks

 

 

:rolleyes:

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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well done on photobucket

can you repost please

rotate the image before posting

 

thanks

 

dont be so lazy

turn your monitor upsidedown!!

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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sorry about the upside down posts hope this now helps xx

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Hi Lucyjay....You have left personal details on your agreement.;)

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thanks dawnytrish god i thought id covered all that

try again!!

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ok ive messed up re-doing photobucket, bear with me!!!

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think ive done it this time hooray haha

well i hope so!!

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this had one post this morning!

 

i'll get one of the site team to tidy it up.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Expect a visit from Cagbot due to tidying up the thread. ;)


 

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