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    • Post #415 you said you were unable to sell it yourself. Earlier I believe you said there had been expressions of interest, but only if the buyer could acquire the freehold title. I wonder if the situation with the existing freeholders is such that the property is really unattractive, in ways possibly not obvious to someone who also has an interest in and acts for the freeholders.
    • i dont think the reason why the defendant lost the case means anything at all in that case. it was a classic judge lottery example.
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    • Sars request sent on 16th March and also sent a complaint separately to Studio. Have received no response. Both letters were received and signed for.  I was also told by the financial ombudsman that studio were investigating but I've also had no response to that either.  The only thing Studio have sent me is a default notice.  Any ideas of what I can do from here please 
    • Thanks Bank - I shall tweak my draft and repost. And here's today's ridiculous email from the P2G 'Claims Dept' Good Morning,  Thank you for you email. Unfortunately we would be unable to pay the amount advised in your previous email.  When you placed the order, you were asked for the value of your parcel, you stated that the value was £265.00. At this stage the booking advised that you were covered to £20.00 and to enhance this to £260.00 you could pay an extra £13.99 + VAT to fully cover your item for loss or damage during transit, you declined to fully cover your item.  Towards the end of your booking on the confirmation page, you were then offered to take cover again, to which you declined again.  Unfortunately, we would be unable to offer you an enhanced payment on this occasion.  If I can assist further, please do let me know.  Kindest Regards Claims Team and my response Good Afternoon  Do you not understand the court cases of PENCHEV v P2G (225MC852) and SMIRNOVS v P2G (27MC729)? In both cases it was held by the courts that there was no need for additional ‘cover’ or ‘protection’ (or whatever you wish to call it) on top of the standard delivery charge, and P2G were required to pay up in full for both cases, which by then also included court costs and interest. I shall be including copies of both those judgements in the bundle I submit to the court next Wednesday 1 May, unless you settle my claim (£274.10) in full before then. Tick tock…..    
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
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How on earth do Welcome calculate their interest


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If anyone believes that Welcome would reduce the interest rate as the agreement progressed to enable anybody to finish it in the time frame stated on the agreement I would like to meet them

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hello Postggi,

 

Feeling a bit disheartened thats all.

 

My agreement says 25000 at 121 months at 14% at 419.47

 

My statement from them says 27985 at 121 months at 13.2%

 

Judge has already said in last hearing that we borrowed £27985 (not sure how this relates to regulated agreement?), because its made up of:

 

25000 total amount of credit

235 acceptance fee

2750 mif

 

I just cannot get the figures to work unless I change the interest rate to 13.20% as per the statement. But this was not what we signed for on the loan agreement, but it does mention a variable rate on the loan agreement.

 

Also,

 

£27985 at £419.47 per month at 14% will take 130 months to pay off.

£25000 at £419.47 per month at 14% will take 103 months to pay off AND NOT 121 as stated on loan agreement.

 

How can I get this unenforceable?

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I am new to this but I think you will find that Welcome work on a monthly Interest rate however they state on there agreements a compounded monthly rate instead of a rate per annum. I think you will find whats on your statement is the rate per annum. In view of my previous posts I would then question wether the interest rate on the agreement is misrepresented.

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Welcomeby Design, And Dliberate, Hide The True Value On The Agreement

 

They Use A.i,r Which Is Annual Interest Rate

 

The Oft Frown On This

 

As Its The Apr

 

Annual Percentage Rate That Gives The True Cost Of Credit And Welcome Frontload All There Interest From The Start Of The Agreement So It Works Like A Mortage

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Hi Post you said the same about mine but same as Emanevs the FOS say it is correct and they will not uphold it???.

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 :-)

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Well The Figures Dont Lie

 

Ive Double Checked

 

Even Including And Not Including The Acceptance And Mif In The Interest Rate

 

 

All I Can Say Is Go To A Chartered Accountant To Get A Full Break Down

 

Fos Are Crap As Late Ref Welcome

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