Welcome Finance - This company needs to be banned.

[traz39]

strange thought they were suspended:-?

[Sunnie2812]

strange thought they were suspended:-?

 

Well nothing on the LSE???:-|

[traz39]

i cant find anything either strange:cool:

[andie_303]

they're still suspended - that was one trade yesterday - not sure why or what it was but nothing else is happening on there at the moment

[traz39]

not long for court andie u looking forward to it

[dadofholly]

Get that in writing - how much and when it was paid!

 

Get in writing as well that Welcome sent paperwork with PPI included and broker had nothing to do with it.

 

Once you have that you have all the ammo you need to nail Welcome to the wall

 

Thanks Andie, will contact broker and get it in writing or tell them ill issue an SAR if they refuse... May also remin the broker that they are jointly and severaly liable... so its them or welcome i will be after... who do you think they will choose.

 

Welcome today hit me with a default notice giving me 14 days to contact them to discuss the account... anyone know how i should tell them to go f*** themselves politley?

 

Would i have grounds to put the account into dispute? And is it worth going to the FOS at this stage?

[Millymo]

they're still suspended - that was one trade yesterday - not sure why or what it was but nothing else is happening on there at the moment

 

I am getting so impatient now waiting on news that I am trawling the investor sites looking for any snippet of information I can find. I have a million and one other things I could and should be doing.

 

Anyway this was posted on www.iii.co.uk re: trade on wednesday:

Right guys

 

Just spoke with Cattles on the link below.

 

http://www.cattles.co.uk/index.php?investor_relations_contact_

Spoke with a lady called Georgina who confirmed this WAS a trade on wedsnesday for just over 500k shares and confirmed the price sale was 1p (hence showing current price 1p).

When asked how can they trade when suspended she replyed quote "you can trade under exceptional circumstances with the permission of the FSA and LSE and we were granted permission). I asked who this transaction was between but she refused to comment.

 

She then stated that the shares have been suspended as the accounts could not be completed, audited and published by April 30th. I then asked when this was likely to happen and quote "we are hoping in the near future and are looking at weeks rather than months"

 

I then asked if it was likely the suspension would be lifted at this point, but she refused to comment

 

Hope this helps.

[Darwin]

Idle chit chat suggests its Barclays but I have no proof

[zaidey]

the stock markets are being built back up which is good...but its not going to last im giving it 5 mths max before it slips back down....barclays are posting massive losses but stocks are soaring...errrrrr??????

[andie_303]

Idle chit chat suggests its Barclays but I have no proof

 

 

I suggest you're wrong - and I do have proof

[jdene]

Hi Andy loved the comment made me giggle, just a quick one have noticed a number of threads mentioning secritisation hope i spelt that right, do welcome do this? I dont have a secured loan with them only car loan through welcome finance though not welcome car finance unfortunatly but if they do this could be another avenue for those with secured loans to look into, especially if welcome are attempting repo anyones home but not being the legal owner of the title deed, probably just whisteling in the dark but thought id ask while it is a little quiet.

[Sunnie2812]

The domain name absoluteinvoicefinance.co.uk was registered to Nick McAvoy using the address of Cattles Invoice Finance in Yorkshire. Is this to be the new company name if the sale of the factoring company ever goes through or have the Cattles management decided to prepare to jump ship in case the continued stalling proves terminal.

 

 

Just seen this on LSE:confused:

[brassed-off-2]

Hi Andy loved the comment made me giggle, just a quick one have noticed a number of threads mentioning secritisation hope i spelt that right, do welcome do this? I dont have a secured loan with them only car loan through welcome finance though not welcome car finance unfortunatly but if they do this could be another avenue for those with secured loans to look into, especially if welcome are attempting repo anyones home but not being the legal owner of the title deed, probably just whisteling in the dark but thought id ask while it is a little quiet.

 

It could be a possibility, but the whole securitisation process is very complex, and is still being debated at great lengths on the threads you have seen, (CARMEL BUTLER/HOUSE OF COMMONS DEBATE, thread is a good place to start, if any caggers are not up to speed with securitisation) but as the debate carrys on it is unfolding lots of usefull information, I for one am trying to get to the bottom of who actually owns my mortgage, and i know the net is closing in on these lowlifes....

It is also a known fact that the likes of Barclays, RBS, HSBC and others all have their fingers in the securitisation pie!! So who knows?

But no, you may not be whistling in the dark!

 

b-O-2

[Sunnie2812]

Well still no CCA received by Welcome, instead I receive a Default notice and I have incurred another £25 charge (will not pay!!) for an Outside visit, despite sending them the Harrasement letter twice!!

[traz39]

i really do not understand how welcome get away with this harrassment surely there is some sort of law against it :-?

[dadofholly]

Well still no CCA received by Welcome, instead I receive a Default notice and I have incurred another £25 charge (will not pay!!) for an Outside visit, despite sending them the Harrasement letter twice!!

 

I received a default notice too.... Sunnie was it you who got knocked back on your PPI claim and told to go back to the broker?

 

If so SAR your broker... my broker admitted to me that welcome paid them a commssion... which is not on any of my paperwork with welcome, making it a secret commision. They also told me that the ppi is a welcome product... so as the insurers are jointly liable... am checking my facts and will be speaking to fos and possibly trading standards next week.

[traz39]

passed mine over to fos sick of welcome getting knowhere with them

[Sunnie2812]

I received a default notice too.... Sunnie was it you who got knocked back on your PPI claim and told to go back to the broker?

 

If so SAR your broker... my broker admitted to me that welcome paid them a commssion... which is not on any of my paperwork with welcome, making it a secret commision. They also told me that the ppi is a welcome product... so as the insurers are jointly liable... am checking my facts and will be speaking to fos and possibly trading standards next week.

 

Yep, that was me as well.

 

I did write to UCan/Carcraft but no reply as yet.

 

Direct Group said it was Welcome, Welcome said it was Ucan/Carcraft.

 

So who do I get the CCA from, ??

[Sunnie2812]

passed mine over to fos sick of welcome getting knowhere with them

 

I know how you feel..

 

all my letters come from different addresses...

 

never sure now where to send anything..

[Voda]

THIS COMPANY HAS TO BE STOPPED ......

They seem to think that all the rules and regulations do not apply to them.

 

It's time we all approached "WATCHDOG " on BBC 1

 

Voda

[eeeezzzyy]

I totally agree Voda they rang me three times on Friday asking for money (i'll admit ive sent them to Coventry for the last three months) the wally left a lovely answerphone message on my mobile basically threatning to turn up at my place of work to "Sort this matter out"..amazing how they can ring me lots but cant sort out my CCA and SAR !!!!

[brassed-off-2]

Well still no CCA received by Welcome, instead I receive a Default notice and I have incurred another £25 charge (will not pay!!) for an Outside visit, despite sending them the Harrasement letter twice!!

 

 

Seems they are going all out on the default notice's... i have also received one, it seems they have already written to me previously 3 times:confused: must have got lost in the same black hole as all their money????

The FOS seem to shake them up a bit...had a reply from ruddington, as well as a reply from the branch/ area manager...the one who actually did the last re-write, they also incuded a current statement from each address, printed 2 days apart...different balances on! interesting;)

 

The branch manager, has given me 5 days to resolve the arrears or they will take me to court:lol:. Can't wait,bring it on:lol: take me there, im sure the Judge would be interested in my paperwork, account in dispute, the bad accounting practices, the missold ppi, incomplete statements, the forged signatures, DPA issues...my list is never ending!!!

 

The person in compliance who sent the other letter, is going to get short sharp shrift, regarding her patronising manner, a copy will also be sent to the FOS, as she believes the matter is now closed...DON'T THINK SO LADY!!!! Started on the wrong person, belive me!!!!

 

Now off to check the CRA's, now supposedly being 3 months in arrears, im hoping they have it listed now, just so i can see what billy bull it says....

 

B-O-2

[brassed-off-2]

Andi,

 

You not had any phonecalls yet ? from the Men in Shinny crap suits, in relation to your pending rendzevous....

 

B-O-2

[andie_303]

LMAO - so last week I get a letter having (at the point the letter is dated April 09) missed 1 payment of £190 after LEGALLY putting my account into dispute as Welscum owe ME more than I owe them, saying you have missed a payment blah blah blah please pay £430!!

 

Err now I've never been good at maths and I sure as hell know welcome aren't but where does £190 turn into £430??

 

So I ring them up and give the manager of the CRC a rather terse response to their letter (all recorded of course) and she confirms - I'm sorry your account is on hold it is with Compliance nothing is being added on - they are computer generated letters and we can't stop them but be assured you are on hold.

 

Ok fine....

 

Yesterday receive a letter saying I have been charged £25 for unpaid cheque - errr don't pay by cheque....

 

and low and behold get an experian alert - late payments registered and outstanding balance increased.

 

was gonna call them but can't be bothered, was gonna send them a letter but waste of ink and postage - tell you what I'll tell it to the judge on Tuesday!!

 

Can't wait to see you again Mr P - hope you're looking forward to it as much as me!

[Voda]

Good luck on Tuesday Andie.

 

After that I suggest we look at informing Watchdog.

 

Showing this whole thread to them surely will be of interest to their researchers.

 

Enjoy the Grand Prix, I sure well.

 

I wish I had a put a £100 on Jenson winning the F1 Championship at odds of 100 to 1 at the beginning of the season.

 

Now, I gather its evens.