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neil6534

Welcome FinanceLoan - Pre-legal assessment from Lowells **DROPPED**

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This weekend I got the attached letter from Lowells a Welcome Finance debt I have.

 

Took out the original loan I think in 2010

then had problems paying and eventually went back to their offices

and signed a new agreement which I subsequently defaulted on.

 

I think the original loan was for around £1500 the debt now stands at £2900.

 

I don't want to wait for court papers to come through my door,

 

 

what can I do?

wlcm1.pdf

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It's a threatogram. CCA them.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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ok...is it still £1.00 - also do I need to ask them for proof that they now own the debt?

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Is this ok to send for the CCA?

 

[template remove - please read our rules - dx]

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They will own the debt. Sent a blank CCA to them and see what they come back with. Sar welcome too as there will be reclaiming to be done. Plus they let you rewrite/take more money when you couldn't even affors the initial loan. Which is prob why it was sold.

 

There's always something wrong with welcomes debts. Time to do your homework


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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sorry what do you mean "send a blank cca to them" - there was no ppi on the loans from what I remember - do i have to pay for a SAR with welcome?

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I think the imp means to send a blank Postal Order ?


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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How has this debt been managed so far ? Was there a default notice - Notice of Assignment - Notice of Termination, letters sent to you ?

 

How has the debt increased from £1,500 to £2,900 ? Is this because they are still adding interest to the debt or charges ?

 

You took out the original loan in 2010 - when was it rescheduled ? how long after did you default on the rescheduled loan ?

 

Was there any PPI on the account ?


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Hi, no PPI on the loans - If my memory serves me well the first loan was taken out early in 2010 - defaulted on this later that year and a new loan was made in 2011 which I subsequently defaulted on later that year - haven't had much in the way of letters from them until recently from Lowell as have moved around a bit.

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id still be sending an sar to get all the statements

I bet there are lots of penalty charges

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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SAR and CCA both ready to send

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remember sign the SAR

not the CCA

 

 

if you've moved since taking them out

include a present ctax bill with the SAr

and a list of old relevant addresses.


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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ah ha..why not sign the cca?

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no requirement

 

 

you don't want a dca copying your sig to fake paperwork do you.

make SURE the PO is uncrossed

and leave it blank


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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have not read the full CCA request thread...Postal Order


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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today I got an email from Lowells;

 

"We have noted your request for documentation under Section 77-79 of the Consumer Credit Act 1974.

 

We have closed the account as a gesture of goodwill;

therefore you will no longer receive any correspondence from ourselves regarding this account.

 

We will return your £1.00 fee within 30 days.

 

We trust this is satisfactory.

 

Yours sincerely,"

 

what does this mean?

 

 

has the debt been written off?

 

 

- I know they cashed the postal order

 

 

- welcome haven't cashed theirs yet

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It means you called their bluff, they know they can't get any paperwork, so they closed the account and will sell it on


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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ok so i guess i'll get begging letters from other dca's then - and so the circle continues

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In a sense, but you can easily counter it.

 

 

If they sell it on, you tell the new owner, no paperwork exists and that it was in dispute with lowells.

 

 

Lowells are meant to mark the debt with the current status to a new buyer.

 

 

If they dont, they are in breech of various rules.

 

 

If the new owner sells it on, and does the same, then they are in breech.

 

 

Make sure to tell them this if another dca tries their luck and form a complaint to the fca.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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ok so lowells are leaving me alone, but my postal order for welcome has not yet been cashed - paid for it on the 9th feb, posted on the 10th to welcomes head office - is there a time limit for when they should respond by, and what happens if they don't?

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Yes they have 40 calender days in which to respond, failure of which should be reported to the ICO to investigate.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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ok, sort of worried about stirring things up here as this debt does not appear on noddle, equifax, clearscore or experian

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Wouldn't worry in the slightest TBH.

 

Lowlifes were dumb enough to rattle your cage, so you're simply reciprocating and are now going to make Welcome work for their grubby money, and reclaim all you can.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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