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I was wondering if anyone can help me. This morning I received a letter from Lewis Debt Recovery with a balance owing of £2k on a £12k loan for a vehicle purchased July 2005. |ewis want the full £2k by the 25 October.

 

To date I've paid £10,067.75.

 

 

I can't seem to work out the interest I'm supposed to be paying. I did query this at welcome in 2010 and they sent me a letter stating they had made an error in my favour off 200 pounds and it also says in the letter that they find that the figures on the contract do not reflect the correct total amount repayable.

 

I have no issue paying off the arrears but i think they maybe ripping me off on the interest.

 

Is there anyway someone can help me calculate the interest charges as I seem to get nowhere with Welcome.

 

there's no way possible that i can pay two grand by Tuesday of this week. The vehicle wasn't mentioned in the final demand and just wanted to know if they can take the car. will lewis group accept any payment plans once I know for definite that the interest is correct.

 

thanks

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lewis ARE welcomes pet dca

thay have no legal powers to demand anything

 

have you the org agreement?

as i bet there are more things wrong like GAp/PPI etc

and what about unlawful fees

late/letter/phonecall/it raining

 

get an SAR off tto them.

 

as for calcs

try

http://www.taxassist.co.uk/loancalculator.phpdx

dx


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WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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I have the original agreement and will request a new SAR as the last statement received was july 2009

Edited by yenot6691

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Is it worth calling Lewis Group for the SAR's or request it by post as i really don't want these people turning up at my doorstep.

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NEVER EVER RING A DCA

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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why be scared of them on your doorstep?

 

they are a DCA , they have no more powers than the milkman!

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Received a letter from Experto Credite today chasing an old debt from Welcome.

 

I took out car finance in July 2005 for £11.5k and to date I've paid just over £10k.

 

I disputed the remaining balance in and received a letter from Welcome in Feb 2010 stating that the figures on my contact

do not reflect the correct total amount repayable.

 

It says I have calculated the amount indicated on the contact is higher than the amount that you will repay should you keep your payments.

therefore the error is in your favour.

 

I called them and advised them that I will be paying the remaining balance as the loan amount on the agreement is incorrect.

I also advised them that they included 'Mechanical Breakdown' and 'shortfall Extra' which i wanted refunded

as they advised me I had to take the insurance to drive the car out.

 

I haven't heard anything from them up until now.

 

Experto Credite they will register the outstanding debt on my credit file at my address and when i do commence payments

this will be reflected in the information that they provide to the CRA.

 

My credit report is spotless and I really don't want this showing on my report.

 

Can I dispute the balance through the debt collection agency or should I start looking for a solicitor?

Your help would be greatly appreciated.

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you send an sar to welcome finance an get all the paperwork.

 

if there was a mistake on the agreement and welcome have coughed to it in writing

 

then that voids the agreement

and you technically owe nowt

 

its unenforceable.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Thanks for your advise. I have an appointment with the CAB next Friday,

 

so in the meantime I'll call them and advise them that they will be contacted after the 11 July.

 

I really want to deal with properly and not ignore the letter.

 

The CAB told me to call

Experto Credite.

 

Does anyone know it the 'Mechanical breakdown' and 'shortfall extra' insurances are legal

as I was told i had to take them when I signed the agreement.

 

Please advise

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they are both reclaimable as are any fixed sum penalty charges late/over/letter/phone/missed dd etc etc.

 

pers I would not be phoning anyone

 

esp a fleecing DCA.

 

you need a papertrail...WRITING ONLY..

 

a DCA is NOT A BAILIFF

 

and they have

 

NO SUCH LEGAL POWERS.

 

I would treat any advise by some CAB offices with a pinch of salt.

 

some are good some are poor.

 

in this instance

 

I question your need for any further advise with dealing with welcome/a DCA

 

lots of threads here to read you are in the welcome finance forum already.

 

just one final note

 

if the account is not showing on your CRA file

then I suspect it either defaulted more than 6yrs ago

and has dropped off NEVER to return.

 

or

as with most welcome debts

they have all been removed by welcome now

 

expert cannot resurrect it on your CRa file.

 

they are bluffing to get you to cough up.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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@dx - I see where your coming from, and makes total sense.

 

So DCA cannot enforce this debt on my credit file?

 

I'm actually looking at the letter from Experto Credite, and it looks like a real crap copy.

 

I've never had a mark on my credit file from Welcome,

so I'm just worried that it's taken me nearly 10 years to clear my defaults on my credit file

and dont want another on my file from these muppets.

 

rgds

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only the original creditor can default your file.

 

IMHO you are being had here.

 

sadly that's the case with 90% of welcome 'debts'

 

that sar will be interesting.

 

pers i'd cancel the CAB meeting.

 

await the sar and we'll deal with it then.

 

have you sent the fleecing experto a CCA request?

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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@dx - I did recieve a SAR about 2 years ago, is it worth requesting another? Btw, you say that the orginal creditor can default a file, but I had a default from T-Mobile on my account that was put on by Sigma Red? how does that work?

 

cheers

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no I would suggest EE defaulted the account before sale.

 

if you already have all the details via an sar from welcome

 

post the agreement & the statements up

 

**you can post up images/letters by this method immediately..you don't need 10 posts**

.

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc

but leave all monetary figures and dates.

.

************************* ************************* *******

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

************************* ************************* ***********

.

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

http://www.convert-jpg-to-pdf.net/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or http://www.freepdfconvert.com/

or

use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

or use Primo PDF.

.

try and logically name your file so people know what it is.

though DONT USE BANK NAMES or CAG in the title

i'e Default notice DD-mm-yyyy

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

...

YOU DONT have to put a link to the attachment in the msg box..just upload it ..job done

you can click on your links to check them too!

.

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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hi dx, i scanned the docs but they dont seem to appear

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ill try again

Edited by yenot6691

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The Sars was from 2009.. should i request another set from the DCA?

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how long have you been paying them?

if you have their statements already or you have record of what you've paid

little point really

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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I don't understand.

 

 

I stopped paying 2010 after calling them to tell them that I didn't agree with their figures they went under after that.

 

 

Mind u the DVLA are chasing £2,000 so I paid some after that.

 

 

Can't afford for this to go on my credit report.

 

 

Any suggestions?

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notes of worthiness

 

theres MBC

theres shortfall

 

both can be reclaimed

 

enter each one on this

 

This first spreadsheet is the latest version of the statutory interestlink3.gif calculator and is used for Single Premium PPIlink3.gif cases. It can also be used where rollover PPI is involved, i.e. a new loan re-financing a previous one and where PPI is included in one or more loans. It can also be used for S69 redress calculation on any sum, like on a closed/frozen interest PENALTY charges claim.

 

StatIntSheet v101.xls

 

 

there are also PENALTY fees

ADHOC

REVERSAL

TELEPHONE CALLs

LETTERS

 

put the fees each one on its date in this

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that foslink3.gif will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitutionlink3.gif is claimed.

 

CISheet v101.xls

 

put their int rate in cell D15

 

they owe you

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi Dx, finally got around to this. Diabetes is driving me crazy right now so not been to well.

I've calculated the they owe me the below. Where do I go from here? Thanks.

 

You are correct.

Statinsheet = 1,282.76

CIS = 1,467.41

 

Total 2,750.17

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attach the sheets please

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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CI is ok

 

statint sheet

 

sorry I didn't make things clear

 

you have to workout what you paid PCM for them both

then enter each months combined payment on its date

 

lump them together

 

and use link 1 below to do the sheet


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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