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Welcome finance secured loan now with Prime,

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Ah that makes sense. I thought i was losing my mind :-)

I'll PM the info to you now. Many thanks

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Not on my list!!

 

Bet there was loads of deeds of variations on the 17th sept

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threads merged and tidied

 

sadly no you are not on our cruz's list


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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Don’t forget to get the official copies of that deed.

 

https://www.gov.uk/government/public...gistration-oc2

 

Mine was a few pages long. Check all the dates tally up keep your eye out on the last page for a list of names and adressses of other people that were bought the same time as your debt portfolio.

 

Report back and send to dx every piece of info you get.

 

Top tip buy 2 files and lots of poly pockets.one for welcome and another for prime

 

Start filing copies of every letter you send and every response you receive off each in the associated file.

 

Keep an eye on date deadlines too.

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Thanks again cruzhughes. Much appreciated.

 

I sent the letters today to Prime and Welcome.

 

I spoke to FSCS who checked the information they had on clients who had been mis sold by Welcome.

I wasn't on their list either.

 

They gave me a customer relations number for Welcome and told me to call Welcome to ask about any PPI insurance and any other insurance policies relating to my loan.

 

Welcome checked and said there are no insurances what so ever on my account, only the usual fees which apply to everyone who takes out a loan.

Looks unlikely that we have any PPI,

 

I've been doing some calculations and the figures don't seem to add up.

 

The original loan was 17k starting nov 2007 over 180 months AIR 14.40% = 41,577.

Prime say there is 9868 left to pay and they do not give any reductions for early settlement, infact they add 30 days interest if you settle early.

 

But with my calculations for the remaining months up to Nov 2022 with the current monthly payments of 234.18 we'll pay 13,348. its very confusing.

 

I informed Welcome that Prime Credit told me yesterday that Welcome are no longer in existence and have ceased trading completely which is clearly untrue.

 

The link above takes me to a page not found.

I've checked the official search page and it gives me lots of options to request official copies and official searches, all of which have the option to pay £7 or £3.

 

Sorry to be such a pain.

Can you advise which one I need as I paid £3 yesterday for the title which I saved and printed. :???:

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get that SAR running to welcome

don't believe anything anyone associated with welcome says on the phone.

oh as per your figures

welcome to the great word of welcome

nothing ever computes with them ever.

you wait till you see their statements


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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I'll prepare myself for an extremely stressful bumpy ride.

SAR has been sent so it's a waiting game now. I'm intrigued to see what they send me.

The next stop for me tonight is the loft to search for old paperwork :madgrin:

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that would be a veru good idea

we often find that the rubbish they send through bares no resemblance to the original stuff and the story it tells at the actual time

welcome massage stuff issued later


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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Hi Again :-)

Since my last post -

 

SAR was sent to Welcome on 22.2.18 with £10 PO, No Response from them to date.

 

The CCA with £1 PO sent to Prime Credit,

they returned the letter and PO asking for £10 check with written request with signatures.

 

I called them to inform them I had requested the CCA, not a full SAR.

They apologised and sent a copy of the Loan Agreement and the Legal Charge which I have just received.

 

I have finally found the original documents from Welcome Finance including the loan agreement, T's and C's, Legal Charge, Payment Breakdown showing NO Insurance cover, and a demands and needs statement again with NO insurance.

The APR is 15.71 variable, rate of interest 15.39. The current interest rate is 14.4000.

 

I have searched the T's and C's, although it does not say that the loan is portable if we move home or transferable to a personal loan, it also does not say that it can't be.

 

On this basis I have escalated to a formal complaint.

 

I'm not sure what to do as the solicitor for the sale of my house has received the settlement figures.

I'm not certail how to deal with this.

 

Can you possibly advise.

Its such a mine field.

:-(

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does what they have sent

match your originals


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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The information does match on both

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little tip..

several people are saying this

STOP RINGING PRIME

never ever talk on the phone about your debts.

 

you need a papertrail


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 yes, I read that in earlier posts. :oops:

 

We rang the FSCS regarding what we believed was a breach of the original contract, Welcome had led us to believe that the loan could be transferred when we originally took it. We never had any intention of staying in this house beyond 10 years.

 

Prime are refusing to allow us to transfer as they are only an account management company.

We are now completely restricted as to what we can do.

 

The FSCS advised us to speak to Prime and escalate to a formal complaint if we are unhappy, we believe Prime have 8 weeks to respond and if we are still unhappy we can then take the matter to the FSCS.

 

Does this sound like anything you have come across?

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yep = total waste of time sadly.

just ask cruz!!

 

you'd have to prove by documentary evidence you asked that

and I can tell you welcome don't and have never allowed that..

 

as per you got conned by their staff just to sign you up.


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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As I feared, it's so frustrating that the entire amount of equity we make from the sale of the house will be used to pay PRIME.

I don't suppose it's worth me challenging the interest rates, and there being no reduction for an early settlement, or there being no response to the SAR? :-(

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await the welcome SAR


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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Hi Again :-)

Since my last post -

 

SAR was sent to Welcome on 22.2.18 with £10 PO, No Response from them to date.

 

The CCA with £1 PO sent to Prime Credit,

they returned the letter and PO asking for £10 check with written request with signatures.

 

I called them to inform them I had requested the CCA, not a full SAR.

They apologised and sent a copy of the Loan Agreement and the Legal Charge which I have just received.

 

I have finally found the original documents from Welcome Finance including the loan agreement, T's and C's, Legal Charge, Payment Breakdown showing NO Insurance cover, and a demands and needs statement again with NO insurance.

The APR is 15.71 variable, rate of interest 15.39. The current interest rate is 14.4000.

 

I have searched the T's and C's, although it does not say that the loan is portable if we move home or transferable to a personal loan, it also does not say that it can't be.

 

On this basis I have escalated to a formal complaint.

 

I'm not sure what to do as the solicitor for the sale of my house has received the settlement figures.

I'm not certail how to deal with this.

 

Can you possibly advise.

Its such a mine field.

:-(

 

Prime done exactly the same to me and when I didpay the £10. They cashed it and wrote letters staying I hadn’t responded and were about to close my complaint. Totally disregarded the 10 or more letters I had sent in between querying and listing their failings

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