Welcome Finance - This company needs to be banned.

[steven4064]

dadofholly

 

Yes, except that you won't get proof of commission payments via an SAR. Unfortunately. They are greedy, not stupid.

[dadofholly]

dadofholly

 

Yes, except that you won't get proof of commission payments via an SAR. Unfortunately. They are greedy, not stupid.

 

Guess again

 

have sent u pm on this

[welcome finance warrior]

Guys can i just ask a stupid qustion but need it confirmed.

 

If i was to receive from welcome via an SAR proof of commision payments that was not declared to me... is this bye bye to agreement?

 

It seems this is a very arguable issue at the moment

 

see the previous post by POST GGI, I too want a definitive answer on this...but may not get one, are you sure the bar stewards haven't workied it into the agreement because if they have then they could argue it is declared...

 

...i think...

[dadofholly]

It seems this is a very arguable issue at the moment

 

see the previous post by POST GGI, I too want a definitive answer on this...but may not get one, are you sure the bar stewards haven't workied it into the agreement because if they have then they could argue it is declared...

 

...i think...

 

Definatley not worked in ... the amount is too high... staggeringly high.... would stick out like a sore thumb.

[JonCris]

Also please don't forget to add at a reciprocal contractual compound interest rate to any rebate THEN deduct it from the loan

[brassed-off-2]

Hi Peops

 

It has take me 5 months in all to get my hands on copies of all the statements for our original loan and the 5 so called re-writes,from inception to date, never seen any copies of settlement figures etc..6 loan agreements in all, 1st 2 definately missold ppi, 3rd incorrect montly apr written on original copy, 4th and 5th stll looking, 6th not signed by welcome, have been sent same unreadable crap on 3 seperate occassions, not forgetting to mention the forged signature on the statement of price!!!

 

Anyway my question to all you knowledgeable folk out there, apart from the usual unlawful capitalisation,adhoc,letter and phonecall charges....can welscum charge us "setlement penalty interest" even though we were never made aware of this due to lack of settlement invoices/statements?

 

THE WIFE...I URGE YOU TO GET ALL THE PAPERWORK FROM THEM FOR EVERY LOAN/RE WRITE...IT MAKES VERY INTERESTIN READING!!!!

[jdene]

Hi steven4064 with regard to your earlier post

''Yes, except that you won't get proof of commission payments via an Subject Access Request. Unfortunately. They are greedy, not stupid.''

 

You will be please to hear that they are sometimes very stupid lol they sent me the definitive proof with my SAR postggj and Andy both have a copy and so dose the FOS now as well, just sitting back waiting for the windfall whats the weather like in the med this time of year lol.

jdene

[Dipply75]

Anyone get any copies of the securities for secured loans? Have been doing lots of learning for my mum (another fight lol) and there is some interesting reading. You are apparently able to request a copy of the document you would have signed to get the security just like a CCA request....and it must be in a prescribed form also

 

Apologies if I am pointing out old news though!

[brassed-off-2]

Anyone get any copies of the securities for secured loans? Have been doing lots of learning for my mum (another fight lol) and there is some interesting reading. You are apparently able to request a copy of the document you would have signed to get the security just like a CCA request....and it must be in a prescribed form also

 

Apologies if I am pointing out old news though![/quot

 

this is new to me Dipply....please explain some more...do you mean legal charge??

[brassed-off-2]

Anyone get any copies of the securities for secured loans? Have been doing lots of learning for my mum (another fight lol) and there is some interesting reading. You are apparently able to request a copy of the document you would have signed to get the security just like a CCA request....and it must be in a prescribed form also

 

Apologies if I am pointing out old news though!

e

 

Dipply...please divulge your info!!!

thanks

b-o-2

[traz39]

FT.com / Financials - Cattles bondholders plan to step up pressure on debt talks

[EBOY]

Thanks Traz,

What a bright start to the day. Welcome are getting pulled in all directions. It's just a matter of time until they snap. It's a race to see who gets the money first, so don't delay with your claim.

[traz39]

Mines In Just Waiting;)

[postggj]

update 210709

 

FT.com / Financials - Cattles bondholders plan to step up pressure on debt talks

 

Cattles bondholders plan to step up pressure on debt talks

 

By Anousha Sakoui

Published: July 21 2009 03:00 | Last updated: July 21 2009 03:00

 

Bondholders of Cattles have been working on a plan to seek repayment, potentially increasing the pressure on negotiations over a restructuring of the subprime lenders' debts.

Holders of the outstanding bonds due in 2017, on which the company recently defaulted on interest payments, have been working on plans to send a so-called acceleration notice to HSBC, the trustee of the bonds, according to people familiar with the matter.

A notice of acceleration is a request for repayment. More than 25 per cent of holders of the 2017 bonds, the necessary minimum needed, have backed the move.

A spokesman for Cattles declined to comment.

 

 

thank pgh for this

 

seems the fat lady is warming up again

[rob20042513]

hi,

 

could someone please take a look at my thread need advice

 

thanks

 

Welcome: where to go now

[Dipply75]

Morning brassed off

 

Will see if I can copy and paste the relevant sections, read and interpret for yourself

 

May be this afternoon though, sorrY!

[Millymo]

Hi everyone - Our complaint regarding interest on acceptance fee has been with the FOS since March and we have been appointed an adjudicator. I have advised the adjudicator that I will pass on details of the previous cases regarding acceptance fee.

However, where would I get copies of these judgements - I know Post put something on the forum a while back but it was removed. Can anyone help me get this information as hopefully it could help our case.

Many Thanks

[jamesf104]

Hello all. I have been reading this forum since April and joined the other day. Have learned so much, thanks to everyone. Can someone advise me what are implied terms re. these Welcome contracts. I know what the prescribed terms are but cannot find reference to implied terms. Both my daughters contracts did not have the cost of credit brought out which is wrong, is this an implied term? I would have thought this was an important piece of info to have on the agreement, but its missing and I know it should be there according to CCA1974. Incidentally the first agreement was dated Aug 02 then wrapped into anther loan agreement in May 03. The muppets really saw them coming!

[brassed-off-2]

Morning brassed off

 

Will see if I can copy and paste the relevant sections, read and interpret for yourself

 

May be this afternoon though, sorrY!

 

Thanks Dipply

 

Looking forward to it!

[jamesf104]

Millymo I am really puzzled now. If CCA1974 section 9 describes fees as the cost of credit and no interest can be charged, why is the fos seemingly in doubt about ineterst charged on fees. This seems to be a grey area, but as far as I am concerned the CCA1974 is very clear on this point or has a later amendment changed this? I have raised this point with WF but of course no reply yet, probably never get one either. They have been charging an extra £20/month interest on fees since 2003 which they are not entitled to. So you see my interest in this point.

[MarkieMark]

Hello all. I have been reading this forum since April and joined the other day. Have learned so much, thanks to everyone. Can someone advise me what are implied terms re. these Welcome contracts. I know what the prescribed terms are but cannot find reference to implied terms. Both my daughters contracts did not have the cost of credit brought out which is wrong, is this an implied term? I would have thought this was an important piece of info to have on the agreement, but its missing and I know it should be there according to CCA1974. Incidentally the first agreement was dated Aug 02 then wrapped into anther loan agreement in May 03. The muppets really saw them coming!

 

Contract - Express & Implied Terms

 

Contract: express and implied terms

How are terms incorporated into a contract? At first it looks like a silly question, because we’d usually expect them to be explicitly included in the contract. Express terms are terms that have been specifically mentioned and agreed by both parties at the time the contract is made. They can either be oral or in writing.

However, sometimes a term which has not been mentioned by either party will nonetheless be ‘included’ in the contract, often because the contract doesn’t make commercial sense without that term. Terms like this are called implied terms, and there are two main types:

• Terms implied by statute: the Sale of Goods Act 1979. The key provisions are:
  

• Section 12: the person selling the goods has to have the legal right to sell them.
  

• Section 13: if you’re selling goods by description, e.g. from a catalogue or newspaper advert, then the actual goods have to correspond to that description.
  

• Section 14: the goods must be of “satisfactory quality” – that is, they should meet the standard that a reasonable person would regard as “satisfactory”. Also, if the buyer says they’re buying the goods for a particular purpose, there’s an implied term that the goods are fit for that purpose.
  

• Section 15: if you’re selling the goods by sample – you show the customer one bag of flour and they order 50 bags – then the bulk order has to be of the same quality as the sample.
  

• Terms implied by the courts…
  

• As a matter of fact. Something that’s so obviously included that it didn’t need to be mentioned in the contract. If I agree to pay you £50 for a lawnmower, it probably wouldn’t occur to us to write down that we mean fifty pounds sterling, as opposed to any other sort of pound. That’s obvious to both of us. (Beware of this point – it has to have been obvious to both parties – it’s not enough to show that one party thought it was included, or that the contract would have been more reasonable with the added term.)
  

• As a matter of law. This is about general considerations of public policy – the courts are laying down, as a matter of law, how the parties to certain types of contract ought to behave. For example, in one case, the courts held that landlords of blocks of flats ought to keep the communal areas (lifts, stairs etc) in a reasonable state of repair – so that term was implied into the rental contract.
  

• Customary terms. Some terms are generally known to be included in contracts in a particular trade or locality. Amongst bakers, “one dozen” means thirteen – they don’t have to include terms in every contract specifying that.
  

Do note that any of these terms implied by the courts can be excluded with an express term. If a bakers contract has a clear term in it that says “one dozen means twelve for the purposes of this contract”, then the courts can’t say that a dozen has to equal thirteen!

[andie_303]

Hi all sorry again for being off forum for so long but had lots of personal stuff going off at the moment.

 

Topped off with a broken arm! Sleep walking a cat and stairs do not mix

 

Was thinking about claiming on my PPI to watch them refuse my claim cos of pre-existing - wouldn't that be nice to show HMCS lmao

[andie_303]

Dad of Holly in response to you PM i would say PT2537 is a good shout.

[brassed-off-2]

Hi all sorry again for being off forum for so long but had lots of personal stuff going off at the moment.

 

Topped off with a broken arm! Sleep walking a cat and stairs do not mix

 

Was thinking about claiming on my PPI to watch them refuse my claim cos of pre-existing - wouldn't that be nice to show HMCS lmao

 

 

Good to hear from you Andi...sorry to hear about your mishaps though!!

 

you could always use your plastercast to clonk Mr p back to his senses!!! dress sense!!:lol: How long now to your rendezvous???

 

b-o-2

[andie_303]

Good to hear from you Andi...sorry to hear about your mishaps though!!

 

you could always use your plastercast to clonk Mr p back to his senses!!! dress sense!!:lol: How long now to your rendezvous???

 

b-o-2

 

3 weeks maybe I can get a little judicial sympathy