Welcome Finance - This company needs to be banned.

[postggj]

Pru

 

See You On Your Thread In A Mo

[Millymo]

Hi Peter, Thankyou for all the work you are doing here, it is greatly needed and appreciated.

 

There is so much about this acceptance fee thing, and I apologise if you are sick of hearing about it!

 

What I have found is on the agreement, the TCC is listed as the interest charge and in a seperate box - the acceptance fee.

 

The Total amount of credit is what you borrowed (cash, insurances etc). OK, looks fine as you say.

 

But the statements, the statement of price etc show the acceptance fee being added to that TAC for the interest to be calculated. So I checked the T&C's as you suggested and it does just state "We will open a loan account in your name and debit it with the 'Total Advance'.......the in the acceptance fee T&C is states: "The acceptance fee will be charged by you by being included in the Total Advance".

 

I gues what is confusing me is, if they have done this right and its ok to charge the interest on that fee, why keep denying it to everyone?

 

If you could please Peter, woud you look over my OH's agreement also? I don't see a total amount payable either

 

http://i303.photobucket.com/albums/nn122/Dipply75/Picture.jpg

http://i303.photobucket.com/albums/nn122/Dipply75/WelcomeLoan2blanked.jpg

 

Thanks again ;-)

 

Hi Dipply - I think this is what I have been trying to say as well - I understand what Peter says about APR being correct because worked out on TCC but I keep thinking that the TCC is wrong because they appear to have added in the acceptance fee to the cash advance. I however, also have that statement in terms and conditions regarding acceptance fee so it appears they can do it. But as you say it does seem strange that they deny it if they are allowed to do it

 

It is confusing but I know a lot more than I did this morning thanks to Peter

[danukindebt]

dipply

 

there is no total ammount payable on the loan

 

thats a perscribed term that a court cant enforce

 

get peter to give it the once over but ime 99.999% sure

 

 

GAME OVER

 

"No total amount payable"=Game over

 

Does this apply to secured

 

[Us versus Debt]

which is the best address to send the sar to? my local office or a different one?

thanks

[postggj]

Send Your Sar To

 

Welcome Financial Services Ltd

Compliance

Ruddington Fields Biz Park

Ruddington

Nottingham

Ng11 6nz

[postggj]

To Be Honest Ime Not Sure On Secured As The Apr Isallways On The Change As Its A Mortage As Such

 

What I Can Tell You Is If The Ammount In Total Is More Than 25 K

 

The Cca Does Not Apply

[sanpez]

manskin

 

send off a cca request to the finance company asap

i would also include an sar as well

 

dont sign, print your name and send by recorded delievery

postggi can I ask why you print your name and not sign it

[Us versus Debt]

thanks, just tipped your scales

 

[postggj]

Sanpez

 

You Dont Sign Anything

Print Your Name

 

Photo Shop

 

Thats All I Am Going To Say For Obviouse Reasons

 

Taken From Personel Experience

[traz39]

wonder what will happen to shares next week u think we will see the end:grin:

[Prudence]

Thanks very much for that Post. I phoned on Friday but they couldn't tell me a thing as was with DJ. I'll try them again tomorrow & report back tomorrow night for your further advice if you wouldn't mind! You are a Star, thanks, P

[postggj]

I Would Be Very Surprised If Cattles Can Delay The Report For Another Week,

 

Corrected

 

Its Not Cattles But Delute And Touche Doing The Audit.

Sorry For Lousy Spelling.

 

They Have To Get It Rightfor Obviouse Reasons.

 

Banks, Share Dealers , And Us Are All Waiting For The News.

 

Look At This Way

 

If It Was Good News, It Would Have Been Released Long Ago

[traz39]

yey your probably right heard barclays were sniffing around is this correct.

[postggj]

Why Do You Think Barclays Dumprd A Load Of Stock On Friday,

They Were Expecting The Release Of Thebad News.

 

Rbs Stand To Loose 500 Mil IN CATTLES At The Tax Payers Expense

Barclays Dont Have That Option.

The Share Price Shot Up Because Speculators Snapped Up The Barclays Share.

 

Nothing Realy Has Changed

[traz39]

thought things were pickiing up for them when they went up on friday

[postggj]

Its Been Barclays So Far Propping Up Cattles

[traz39]

what do u think will happen to all these bad loans

[postggj]

On Friday Barclays Sold 12.5 Million Shares In Cattles And An Unknown Snapped Them Up

[JonCris]

Thanks very much for that Post. I phoned on Friday but they couldn't tell me a thing as was with DJ. I'll try them again tomorrow & report back tomorrow night for your further advice if you wouldn't mind! You are a Star, thanks, P

 

Please:eek: if you must phone make sure you can record the call

[postggj]

The Shares Were Purchessed By Normal Share Dealing So Is Not Recorded

 

No Major Player Purchessed In One Lump Sum

 

12.5million Shares Just Got The Traders A Bit Excited For A While,

 

Like I Said

 

Nothing Has Realy Changed And The Share Price Will Adjust To This Tommorow

[JonCris]

Do you think those investors know the Welcome consumer finance agreements are mostly a crock of whatever:D

[postggj]

Its All Over The Investor Forums

Ime Not Only Talking About Welcome But The Cattles Directors And Fraud.

The Sackings

 

They Know Whats Going On

Believe Me

 

They Are Ready To Pick At The Bones And It Wont Be Pretty

 

Blink And You Will Miss It

[Sol]

dipply

 

thats the first time ive seen this agreement

its crap, rubbish, welcome can go and whistle

 

there is no total ammount payable on the loan

 

thats a perscribed term that a court cant enforce

 

get peter to give it the once over but ime 99.999% sure

 

 

GAME OVER

 

So does it have to state the total amount to be repaid? ie. if the loan is £1,500 and the total for credit (interest and Acceptance Fee) is £700, would they have to state you'd be repaying £2,200?

[postggj]

It Should Show The Ammount Of Credit

And The Total Ammount To Be Repaid

 

Thats The Original Ammount Borrowed

Acceptance Fee

Insurancee

Interest

[JonCris]

& it's going to get funnier;)