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    • lookinforinfo - many thanks for your reply. It would be very interesting to get the letter of discontinuance. The court receptionist said that the county court was in Gloucester 'today' so that makes me think that some days it is in Gloucester and some days its in Cheltenham, it was maybe changed by the courts and i was never informed, who knows if DCBL were or not. My costs were a gallon of petrol and £3.40 for parking. I certainly don't want to end up in court again that's for sure but never say never lol. Its utterly disgusting the way these crooks can legally treat motorists but that's the uk for you. I'm originally from Scotland so it's good that they are not enforceable there but they certainly still try to get money out of you. I have to admit i have lost count of the pcn's i have received in the last 2 yr and 4 months since coming to England for work, most of them stop bothering you on their own eventually, it was just this one that they took it all the way. Like i mentioned in my WS the the likes of Aldi and other companies can get them cancelled but Mcdonalds refused to help me despite me being a very good customer.   brassednecked - many thanks   honeybee - many thanks   nicky boy - many thanks    
    • Huh? This is nothing about paying just for what I use - I currently prefer the averaged monthly payment - else i wouldn't be in credit month after month - which I am comfortable with - else I wold simply request a part refund - which I  would have done if they hadn't reduced my monthly dd after the complaint I raised (handled slowly and rather badly) highlighted the errors in their systems (one of which they do seem to have fixed) Are you not aware DD is always potentially variable? ah well, look it up - but my deal is a supposed to average the payments over a year, and i dont expect them to change payments (up or down) without my informed agreement ESPECIALLY when I'm in credit over winter.   You are happy with your smart meter - jolly for you I dont want one, dont have to have one  - so wont   I have a box that tells me my electricity usage - was free donkeys years ago and shows me everything I need to know just like a smart meter but doesnt need a smart meter,  and i can manually set my charges - so as a side effect - would show me if the charges from the supplier were mismatched. Doesn't tell me if the meters actually calibrated correctly - but neither does your smart meter. That all relies on a label and the competence of the testers - and the competence of any remote fiddling with the settings. You seem happy with that - thats fine. I'm not.    
    • Evening all,   So today, I was sent an updated offer that includes the £12.60 I spent on letters, but they have declined to add the interest at £7.40. They have stating 'We acknowledge your request to claim interest to date, however, this would be at the discretion of a trial judge if the claim did proceed to a trial hearing.' I think I am content with this outcome, and pushing this to a trial for a total interest of £15.30 throughout the claim does not make sense to me.   What are people's thoughts? I am sure our courts have better things to concentrate on?
    • FFRSG3424ListofEvidencepdf-V1 2-merged.pdfFFRSG3424ListofEvidencepdf-V1 2-merged.pdf 2pages T&C,s UCM
    • Have to attend the hearing and present evidence of his financial position (income & expenditure) and  statements ,and agree an acceptable payment plan with the judges guidance.  It will be a form of redetermination hearing as already stated.The court will not agree to bailiffs if the financials do not reflect it or assetts are minimal. They just want to determine his true affordable disposable monthly figure....which will not be £10.
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How on earth do Welcome calculate their interest


hybrid77
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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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