Welcome Finance/Coast Finance Loan

[dx100uk]

1st one not sure what those are

 

2nd one is ok

BUT

 

i think you'll find the ones in the hundreds is simple reversal of your bounced previous payment, not a fee.

look at the balance tally column.

if the balance doesnt go up by a fee its not a fee. its a failed payment reversal.

 

[PapayoohZoom]

Hi dx

Have done them to the best of my understanding.

I do stand correction.

 

pzoom

PPI calculations.pdf StatIntSheet v101 PPI.xls

[dx100uk]

light bulb moment here

 

you went back to welcome and refinanced

 

you've put 2 agreements up.

Loan Agreement 28-05-06 £67902 .pdf loan agreement 12-08-05 £26043.60.pdf

[PapayoohZoom]

Hi dx

Please see attached statement.

You already have the rest of the statements.

See the statement says £15k is MAV (Migrated Loan Advance) ...Its a long time ago but I don't remember asking for that amount of £15k

 

I am missing statements that lead up to the £15k Shall I ask Ombudsman to request them or shall I go direct to Target Servicing Limited? 

 

You can see from the agreement that the amounts entered on the upside down forms and are hazy looking. Its my signature alright, taken from where? don't have a clue! They must have called me in to sign something.

 

£7510 yes, I remember. Now where has this amount gone? Its probably joined to make up £15k

 

The figures of £26043.60 and 67902 are confusing me now.. I don't see them anywhere in the agreement forms! When I uploaded the files, they showed up these amounts. Please help dx.

 

statements.pdf

[dx100uk]

To me this looks like you are a typical welcome customer, you got an initial loan, got into difficulties, told/phoned welcome and as with many you found out years down the line a member of the welcome staff filled out a refinance form and fakes your sig.

 

There are 100's of like stories here.

 

If you did, then the ppi reclaim is far more complex and a fae greater sun, most def more than what you owe now.

 

Cant hurt to send target an sar, specifically mention the two agreement numbers you have.

 

do it by email and inc a ctax bill copy too for id.

 

dX

[dx100uk]

1 hour ago, PapayoohZoom said:

The figures of £26043.60 and 67902 are confusing me now.

 

thats the actual cost of each of those agreement

monthly payment X months of agreement.

[PapayoohZoom]

Light bulbs moments indeed.!!

Thank you so much dx

I am going to do just that, first thing tomorrow..

Write to them and highlight the two agreements nos. on(SAR)

I will keep you posted.

 

Thank you also about making sense of the above figures. The figures of £26043.60 and 67902

.

All the best

pzoom

[PapayoohZoom]

Hi dx

Please see Target's reply.

• They are saying that they took over from Welcome part of the debt which is from 2006 and not info from 2005.(the same debt)
• Is that possible? to take over part of the debt. I didn't think so.
• They are confusing me now as it is the same debt but using different account numbers as the debt MIGRATED.

  The balance of £15 000 is a MIGRATED LOAN ADVANCE.

  But I am confused because its the same debt which was transferred from 2005 to 2006. AS MIGRATED LOAN ADVANCE.

• They admit that they cannot find the missing pages.
• According to Consumer Credit Act 77 I believe that if the creditor has not got enough information the creditor is not entitled to enforce the agreement.

I stand correction.

How must I reply to them dx please help?

 

 

 

 

 

Emails.pdf

[dx100uk]

bottom line is you need the info

you need all the statement from the 1st loan

and all the statements from the 2nd line.

 

dont get hoodwinked the FSCS are anything to do with this.

they are not

PPU reclaiming got stopped in a think 2019

but your game is to prove the balance is 99% penalty fees and all their various insurances inc MIP.

 

that way you can go in and make a very low F&F to get the charge removed.

 

there is nothing better than reading the cruz thread some more.

 

not sure on their present situation but i bet its stlll not paid because of all the fakery welcome did on forging refinance loan agreements.

 

dx

 

[PapayoohZoom]

Hi dx

I am reading Cruz' thread at the moment still on page 8. I am a slow reader.

 

By the way what is F&F so that I can make a start working on it.

 

Were you happy with the figures I provided? If not could you please correct them for me so that I can pass them to Target.

[dx100uk]

Full & Final.

 

what figures? you cant pass anything to target without the full facts of how much of the phantom debt is welcomes insurances/charges you dont ever owe.

you cant hope to ever resolve this properly without every statement and a solid case

 

 

[PapayoohZoom]

Hi dx

I sent the figures over to you on the 24th of June

 

Exactly,.,,, that is what I would like to do. Just like Cruz.

 

I would like to bring forth my strong reasons to this case with figures attached.

 

Please have a look at  the figures and direct me how to move forward.

I would be grateful if you would work out the figures to look the same as Cruz ie showing the ppi, life cover, charges, etc. I don't owe.

 

Thank you for F&F meaning.

 

[dx100uk]

On the 12/08/2005 you took out a 10yr secured cash loan for £7510.00 
                            PPI+1st person lifecare (£175)                           £2068.63
                             Acceptance fee                                                       £235.00 (flat no int)    
                             Mortgage Indemnity Fee                                       £826.10 (flat no Int)
                                                                                           Total      £10,639.73

Int Rate 27.90%
int charged £15,403.82
loan duration 10yrs
total to repay £217.03x120=£26,043

 

On 25/08/2006 you refinanced and took out 25yr secured cash loan for £15,000.00    
                                                                                 PPI+lifecare 24                       £2436.39
                                                                                Acceptance fee                          £235.00                       
                                                                                                                      total  £17,436.39

int rate 16.30%
Int Charged £50,230.78
total to repay 300x£226.34=£67,902

..........................

 

 

the statements for loan 2 show they carried over from loan 1:
Cash £15,000
PPI £2,256.39
1st person life £180
Acceptance fee £235

acceptance fees cant have int added to them.

 

 

you now have 
2 life policies running each having monthly int added too them.
2 PPI policies running each having monthly int added too them.

 

enough for now 
you got had 

a £7510 loan in 2005 turned into a £67,902 secured debt.

statements.pdf

[PapayoohZoom]

Ohh WOW wow wow

 

This is great dx

Oh wow thank you very kindly and very much.

Just how can thank you?

I will be donating too.

 

Please see attached letter i have been scribbling.

I hope it makes sense.

To Robert Bown.pdf

[dx100uk]

but what ive said no nothing new and has been obvious information from the threads start .

 

dont go firing of anything to anyone till you have all the info.

im 24/7 daylight hours sheep herding 

 

 

[PapayoohZoom]

Hi dx

I have given them the figures and asked them to remove the charge.

Your figures say it all.

 

[dx100uk]

No it doesn't

I said wait.

Ive not finished.

 

How do you justify removing the charge, as i doubt you understand the true implications of what i posted above as you haven't so far.

 

Dx

[PapayoohZoom]

Hi dx

How do I donate?

Is it okay to use the (Have we helped you..?,  below?)

 

I best donate while I am waiting for you to finish the letter.

 

Kind regards.

 

[dx100uk]

click donate

[PapayoohZoom]

Thank you dx.

I have donated.

[AndyOrch]

many thanks for your support  PapayoohZoom

[PapayoohZoom]

Hi Andyorch

You're welcome.

I wish I could do more.

Your site is so helpful.

Infact I will time to time.

 

Kind regards

Zoom

[PapayoohZoom]

Hello dx

Is it possible I could have the rest of the letter. to send to Target Group.

Thank you.

[dx100uk]

It's not a letter it's the spreadsheets filed out properly for both loans. 

 

Dx

 

[PapayoohZoom]

Thank you dx, I will wait,