Welcome Finance

[beyondhope]

do you have the copies? could you scan them in get rid of all personal markers (name address car reg etc) and post it here for us to see?

 

As for putting it to 10yrs thats exactly what they did with us but we never had a copy of the agreement until we asked for it and had no idea what was on it until we got the copy approx 6 months later it was basically a case of sign here now get out after forcing us to go and sign within the hour or they were coming for the car, little did I know at the time theres alot more to it than that!!

[beyondhope]

have requested both your threads be merged into one to make it easier to follow and advise

[beyondhope]

you mite even be able to confirm what i have suprisingly been told.after visiting the branch manager of welcome finance, with the intentions of upping my payments to get rid of this agreement sooner...he kindly advised that the figures on the present agreement are wrong, and the agreement is void.he has told me to pursue this to the highest levels, and insists there is a very good chance the agreement could be written off.and the car would be mine, along with all payments made within this agreement.if someone would kindly look at the pdf's above and confirm this is true, i would be very gratefull.office of fair trading are on with this case without seeing the documents.so it must be a good case.i dont ever get luck like this.so iant counting my chickens.

 

I cant read them the text is too small, try uploading the images to photobucket and paste the (without thumbnails) code into a message here.

 

Ooo sounds promising!

[beyondhope]

I honestly never thought I'd hear myself say this but I actually agree with welcome!!

hahahahahahahahahahahahahaha that agreement is the biggest pile of crap I've ever seen!!!

Total cash price for goods - £0

Total amount of credit - £0

Finance charge for goods - £6413.69

Acceptance fee - £195

Total amount payable - £6608.69

 

Now I've got quite a few decent qualifications in maths and accountancy but I can honestly tell you that I didn't need to call upon any of those to work out that 12.93% APR of £0 does NOT equal £6413.69!!!

 

I know it's hard to believe but it actually gets WORSE on page 2!

After you have paid more than a third of the total amount payable they need a court order to repossess. Apparently a third of £6608.69 equates to £5192.04!

 

If you had continued to pay £129 for 10 years you would've paid £15,576 on an agreement that says the total amount payable is £6608.69.

 

PLEASE GOD DO NOT SIGN ANYTHING ELSE!!!!

 

I still cant view the documents properly but I agree with this information given the figures used by wannabe!!