Welcome & HFO Services

[dadofholly]

I have just come accross another stick to beat them with if this goes to court.

 

We wrote to welcome asking for an early settlement figure - but welcome being welcome ignored it. So a week or so later we wrote again - and ignored again.

 

Have just found this on the OFT website concerning early settlement.

 

The Consumer Credit (Settlement Information) Regulations 1983, as amended by the 2004 regulations, set down the form and content of settlement statements. A statement must be provided within seven working days of the borrower's request.

 

And they can't say they never got the letters - as they sent copies to me to help prove the loan was not statute barred.

 

A bit more reading i think.

[DonkeyB]

Does it say what the sanction is for failure to comply? Probably a thick ear...

[dadofholly]

Does it say what the sanction is for failure to comply? Probably a thick ear...

 

am just going to look through now - will let you know as soon as i have had a good look.

[dadofholly]

Well breaches of this act seems to be dealt with in two ways the first.

 

Failure to comply with the regulations can lead to the OFT or local authority trading standards services taking enforcement action against the lender, using powers in Part 8 of the Enterprise Act 2002.

 

Having read part 8 of this act it seems to amout to someone from the OFT either writing to them to say stop it and don't do it again. OR popping round for a cuppa and biscuit and doing much the same.

 

It is worth a formal complaint though - but not sure if it should be welcome, (if they are still around long enough to take the complaint), or aginst HFO - maybe both?

 

Part Two is more interesting -

In addition, if the lender fails to provide a correct settlement statement he is not entitled to enforce the agreement until the statement is provided.

 

So does this = non enforceable agreement?

[postggj]

i see where you are going with this but we need to check if they were not ammended say in the 2006 regulations

 

all this can be added into the witness statement if needed but i very much doubt it will be needed

 

lets see what rubish hfo come back with in there response to the defence first

 

we can work from there

[dadofholly]

i see where you are going with this but we need to check if they were not ammended say in the 2006 regulations

 

all this can be added into the witness statement if needed but i very much doubt it will be needed

 

lets see what rubish hfo come back with in there response to the defence first

 

we can work from there

 

Was intending to hold this back for further ammo if needed - along with a couple of other bits and pieces.

 

The info quoted is from the OFT site and is current though.

[postggj]

brill

 

its just a waiting game now

remember its a game of chess and who blinks first

 

in three of my court cases it went right up to the court steps before they settled

[postggj]

remember

 

most claims never even get to a judge/trial

 

its all delt with by exchange of evidence

[dadofholly]

SAR from Welcome received today.

 

Enclosed letter says ALL documents they have - relating to me are enclosed.

 

No Default notice

No NOA

Edited September 23, 2010 by dadofholly
Keep them guessing

[broken arrow]

I can understand no NoA, but would have expected a default and termination notice, do any of the printouts, indicate when and to who the account was sold to?

[dadofholly]

I can understand no NoA, but would have expected a default and termination notice, do any of the prinouts, indicate when and to who the account was sold to?

 

No - In fact they have provided nothing except a statement that relates to the account which HFO are claiming for.

 

Looks like they literally sent HFO everything they had for the account.

 

Also going to send you quick pm with some other info - not sure to put up publicly yet.

[DonkeyB]

Well, if they don’t have it, HFO can’t possibly have it... unless, of course, the John Bull printing set is in full flow...

[dadofholly]

Hi Donky

 

just sending you with pm with info i just sent to BA

[postggj]

NO WONDER HFO DID THERE OWN DEFAULT NOTICE

 

THATS IT

 

GAME OVER

 

YOU HAVE WON:whoo:

[broken arrow]

No - In fact they have provided nothing except a statement that relates to the account which HFO are claiming for.

 

Looks like they literally sent HFO everything they had for the account.

 

Also going to send you quick pm with some other info - not sure to put up publicly yet.

 

Was going to say send to donkey, shows the importance of doing a SAR:-D

[DonkeyB]

Well, if HFO’s DN is the only one, and they created it AFTER the account had been terminated, that fecks it up even more!

[dadofholly]

NO WONDER HFO DID THERE OWN DEFAULT NOTICE

 

THATS IT

 

GAME OVER

 

YOU HAVE WON:whoo:

 

Hope so post.

 

will drop you line to keep you in loop - and also ask for advice on another welcome matter.

[DonkeyB]

The info dadofholly has is extremely useful, but best kept off here. Great work indeed! This should unfold nicely. Gun–Foot–Bang!

[dadofholly]

do any of the printouts, indicate when and to who the account was sold to?

 

Think it's worth dropping Welcome a line and asking the question? suppose worst they could do is tell me to eff off.

[postggj]

they will tell you to %£^& off

 

hfo own the acount now

 

OR DO THEY

 

best let it run its course now and start adding up your costs:lol:

[DonkeyB]

Definitely want the sale date. This could be crucial info. Sight of the Sale Agreement from HFO is also required!

[postggj]

me thinks donkey you despise hfo as much as i despise welcome

[DonkeyB]

‘Despise’ isn’t strong enough!

 

Incidentally, in two days’ time it will be exactly ONE YEAR since HFO Services’s Consumer Credit Licence expired. They still have not had it renewed. What the hell is the FSA doing?

[loanbuster]

‘Despise’ isn’t strong enough!

 

Incidentally, in two days’ time it will be exactly ONE YEAR since HFO Services’s Consumer Credit Licence expired. They still have not had it renewed. What the hell is the FSA doing?

 

 

You know my views on this DB !!!

[loanbuster]

‘Despise’ isn’t strong enough!

 

Incidentally, in two days’ time it will be exactly ONE YEAR since HFO Services’s Consumer Credit Licence expired. They still have not had it renewed. What the hell is the FSA doing?

 

CCA Search :: CCA Search Results :: Licence Details

 

 

Application / Licence Details

 

 

 

 

Licence Number:0555914

Licence Status:Current

 

Current Applicant / Licensee:

 

Business NameCompany Registration NumberHFO Services Limited05120067

 

Categories:

 

Consumer credit Consumer hire Credit brokerage Credit reference agency Debt adjusting/counselling Debt collecting

 

Right To Canvass Off Trade Premises:No

 

Issued Date: 26-Sep-2004

Expiry Date: 25-Sep-2009

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Hi DB

 

I thought this after investigating it initially. The fact that the word current appears under status implies that it has been automatically renewed. I did read it some where on the OFT site, but I dont think even this lot would be that stupid enough to trade without it. LB

Edited September 23, 2010 by loanbuster