Jump to content


Welcome Finance Agreement


andys123
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3693 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

take a look at my thread andys123, i'm having the same problem, FOS have basically told me they can no longer help.... absolute joke!!!!! I have enough dud paperwork to open a bloody paper mill, i truly believe i have grounds for unenforceable loan and it's plainly obvious, but FOS don't seem to see it...

Link to post
Share on other sites

  • Replies 254
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Very dissappointing to say the least. Apart from appealing and re-emphasising the issues that are fairly bloody obvious I will now have to wait to see what happens with my (loosely termed) 'default' that was issued on the 2nd June. I haven't heard anything from them apart from a default sums statement so.....

Link to post
Share on other sites

Again Andy we are in the same boat not heard anything since December, apart from a Default sums letter. Something is going on.

As always please check and double check what myself and other Caggers inform.

 

If you like my Post please dont be shy give my Scales a little tickle :-)

Link to post
Share on other sites

  • 1 month later...

Havent heard a thing from Welcome since the 'default notice' which was sent in June. Today though, have had two missed calls on my house phone, googled the number and it was The Lewis Group.

They are the company that deal with Welcomes defaulted accounts/arrears are they not?

Haven't received any further correspondence so can't confirm whether they are ringing about my Welcome loan or some other issue.

Link to post
Share on other sites

  • 1 month later...

Have today received a letter from SALANS solicitors. "We are instructed.......that you have defaulted under the terms of the loan and tthat our client has terminated the agreement with an outstanding balance of........we are instructed to to seek your proposals to discharge your indebtedness...........form of income/expenditure enclosed to return to our client...........our client may consider a reduced settlement by way of lump sum"

 

The last I heard from Welcome was in June when they sent me what appeared to be a non-compliant default notice and have heard nothing whatsoever since then, so, when did they terminate the agreement and should they have let me know?

Link to post
Share on other sites

Is it correct that if they terminate the agreement and demand the money in full BUT have previously supplied a blatantly incorrect DN then all I am liable for is the amount of arrears up to the point of the incorrect DN?

 

Any help appreciated

Link to post
Share on other sites

  • 2 weeks later...

Salans solicitors have now written again regarding my lack of response to their previous request :

 

"as the loan is secured, it is open to our client to seek to enforce the charge by way of possession proceedings. Our client would prefer to resolve the matter without recourse to such action and we are therefore instructed to allow a further period of 7 days to receive your proposals".

Is now the right time to offer a vastly reduced settlement figure, don't really want to hang out and let it get any worse, or do I now mention the invalid DN and offer the amount due on the DN

 

Thanks.

Link to post
Share on other sites

Its very quiet on the Welcome forum, only 12 or 13 posts in a week!!!!!!!

 

Wrote back to Salans saying that I was unaware that the agreement had been terminated and that I would be interested in settling by way of a reduced amount. They have responded by saying that I should refer to their previous letter, they have again confirmed that Welcome have terminated the agreement and request my offer of reduced monthly payments accompanied with an I&E form if that is how I wish to repay OR an offer of a reduced, lump sum payment.

So.......any advice on which way to progress?

Do I need written confirmation from Welcome that the agreement is terminated, do I offer the amount that was quoted as 'arrears' on the faulty DN - (either monthly payment or lump sum), do I wait for legal proceedings?

Link to post
Share on other sites

......any help? At what point do I tell Salans that I will be making them an offer based on Welcomes faulty default notice?

Do I make an offer now and possibly give them a chance to serve an amended/correct DN or do I still wait?

 

Thanks.

Link to post
Share on other sites

I cant believe how very quiet it is on the forum.

 

Maybe all the MODs and people that have helped us all in the past have been terminated by a vigilante DCA group!!!!

 

My sister has had a DN and termination within 13 days. Obviously illegal, just want to know what to do next

CAG Toolbar downloaded :D

Link to post
Share on other sites

  • 3 weeks later...

Another letter from Salans saying they were "'surprised' I hadn't contacted them regarding making an offer/payments and it would appear I was avoiding paying Welcome".

I have sent a letter offering them the amount that was stated on their incorrect DN....good idea or not?????

Link to post
Share on other sites

  • 2 weeks later...

Had a response from Salans rejecting my offer and "as a result, a monthly payment plan needs to be set up and so we enclose a financial statement to fill in..............return to us with your offer of payment".

 

Daft question but what are they expecting....the full balance with reduced monthly payments, (prolonging the term of the loan), or a better lump sum offer or??????

Link to post
Share on other sites

  • 1 month later...

Letter from 'Salans' saying that they were now becoming 'Solex'.

 

After letters back and forth, rejecting my offer, me sticking by my previous offer

they still want to "help me by whatever way is acceptable, payments that I can afford...

..but the full amount is still outstanding....

 

....do not send a repeat of my previous letters etc".

 

How long will this go on for, I have accepted their termination and made them an offer as per the DN.

 

Thanks

Link to post
Share on other sites

  • 2 weeks later...
  • 1 month later...

....still receiving letters from Solex, still dissapointed that I haven't offered them a better payment, still wanting to help me and their client establish a mutually agreeable plan etc etc.

I have written previously as mentioned saying that I accept their termination, (on the suply of their faulty DN which I obviously haven't disclosed to them).

What is theirs/mine next move?

 

Thanks.

Link to post
Share on other sites

  • 2 years later...

Long time since last post. My outstanding Welcome loan is now with MKRR who are requesting a repayment plan. My CRA file shows that the original loan with Welcome has now been settled and the amount is now owed to MKRR as a default with MKRR being the creditor. My question is, does the security of the loan pass to MKRR and can they transfer the default from Welcome to themselves. I previously posted about the default being incorrect and the fact that Welcome had terminated the agreement.

The date of default that MKRR are using is the date of the attempted/ incorrect default by Welcome and a default balance of zero.

Link to post
Share on other sites

  • 6 months later...

My last communication with them was regarding the inaccurate default date and also the fact that my credit agreement had inaccuracies within it, such as total charge for credit, how the interest charge had been worked out, appearing to charge interest twice on fees etc. They wrote a few weeks ago stating that they were waiting for the information to come from Welcome.

Have been to and fro for about 2 years now and still waiting.

Link to post
Share on other sites

  • 2 weeks later...
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...