Welcome Finance - This company needs to be banned.

[andie_303]

Its not "L and B", its "LMB", it stands for Local Management Branch. It means they're ramping up the collections activity a bit. I guess they're getting a bit strapped for cash in the Lincolnshire Office!!!!!!!!!!

 

All due respect Ghostdog - you seem to know a lot of welcome terminology?? Anything we should know??

[Forsure]

All due respect Ghostdog - you seem to know a lot of welcome terminology?? Anything we should know??

 

I was wondering the exact same thing Andie !

[postggj]

Busted Me Thinks

 

ANY ONE REMEMBER FORMERWELCOMEEMPLOYEE

[zaidey]

more stuff from cattles website

 

interesting read!!!!!

 

Cattles PLC - Interim Management Statement

[postggj]

Cattles continues its dialogue with its bankers, bondholders and the holders of its US Private Placement Notes.

 

I NEW THE YANKS WERE GETTING ANGRY

 

THEY TREAT SHARE MANIPULATION WITH A CURE ALL

 

THAT WOULD BE A PUMP ACTION

 

CATTLES ARE NOW DRIP FEEDING FROM OUR FRIENDS OVER THE POND

 

ME THINKS A BIG ANNOUNCEMENT SOON

[Voda]

Hi Guys,

 

I remember LMB being used by a Welcome staff member.

 

I am sure that the translation is correct as I dealt with another office of Welcome (LMB) instead of my normal branch.

 

 

 

All due respect Ghostdog - you seem to know a lot of welcome terminology?? Anything we should know??

[Sunnie2812]

Cattles continues its dialogue with its bankers, bondholders and the holders of its US Private Placement Notes.

 

 

I NEW THE YANKS WERE GETTING ANGRY

 

THEY TREAT SHARE MANIPULATION WITH A CURE ALL

 

THAT WOULD BE A PUMP ACTION

 

CATTLES ARE NOW DRIP FEEDING FROM OUR FRIENDS OVER THE POND

 

ME THINKS A BIG ANNOUNCEMENT SOON

 

Good or Bad Announcement Post???

[andie_303]

Good or Bad Announcement Post???

 

depends on your POV sunnie

[MarkieMark]

I wrote to Welcome requesting information they held in accordance with section 7 of the Data Protection Act 1998 and they failed to reply within the 40 days. For the past 4 months they have been playing games.

 

The words I would use about this company would not be suitable for this website... so will leave it to your imagination...

 

Now only choice we have is legal action.......

[andie_303]

Hi Guys,

 

I remember LMB being used by a Welcome staff member. EXACTLY

 

I am sure that the translation is correct as I dealt with another office of Welcome (LMB) instead of my normal branch.

 

Not disputing the translation Voda

 

Always interesting when you can read back through posts on user CP

[Sunnie2812]

depends on your POV sunnie

 

Banging my head against a brick wall with them.!!!

 

No replies to letters..no reply from carcraft..

 

They can sod off!!

[andie_303]

I wrote to Welcome requesting information they held in accordance with section 7 of the Data Protection Act 1998 and they failed to reply within the 40 days. For the past 4 months they have been playing games.

 

The words I would use about this company would not be suitable for this website... so will leave it to your imagination...

 

Now only choice we have is legal action.......

 

7 months and counting here Markie - good luck

[ghost_dog]

Not disputing the translation Voda

 

Always interesting when you can read back through posts on user CP

 

 

 

just trying to help... if you're not interested then I won't bother...

[pt2537]

just trying to help... if you're not interested then I won't bother...

im not sure thats what was meant GD, but people are often sceptical on here as im sure you will appreciate.

 

I dont think any offence was meant:)

[rubyrox73]

Oh yeah they will need a court order to take it if you've paid more than half - but remember you cannot VT if it has arrrers or has that court order.

 

Hi Andie, I just want to clarify this - you cannot voluntarily terminate the agreement if you have arrears on it? Not hijacking thread, just this point I wanted to check as I VT'd mine with arrears.

[andie_303]

Hi Andie, I just want to clarify this - you cannot voluntarily terminate the agreement if you have arrears on it? Not hijacking thread, just this point I wanted to check as I VT'd mine with arrears.

 

As far as I am aware if you are in arrears you cannot VT with nothing owing - you have to clear the arrears before being allowed to VT.

 

I'm sure someone will correct me if I'm wrong

[rubyrox73]

Thanks very much Andie - not sure what implications this will have on them trying to get another 2k out of me if it does turn out that they shouldn't have taken the car - but even if it doesn't help me, it's still very interesting.

[andie_303]

just trying to help... if you're not interested then I won't bother...

 

[andie_303]

Thanks very much Andie - not sure what implications this will have on them trying to get another 2k out of me if it does turn out that they shouldn't have taken the car - but even if it doesn't help me, it's still very interesting.

 

I believe if they accepted a VT it may be different however.

 

I think if they accepted a VT then that supercedes this.

 

Have you got in writing they accepted the VT??

[rubyrox73]

Yes I have all the documents relating to the termination.

[andie_303]

Then if they accepted a termination I believe as long as you had paid over half they can whistle for the rest - if they disputed payments owing they should have done so before taking that car back!

[andie_303]

The Lewis Group

 

The Lewis Group is one of the leading players in the UK purchased debt market.

Key highlights to 31 March 2009 are:

• Debt purchases of £13.5 million (2008: £16.0 million)
  
• Receivables up 2.5 per cent since 31 December 2008 to £179.8 million
  
• Collections up 5.6 per cent to £23.0 million
  

hmmmmmm purchasing their own debt from Welcome Finance??? Seriously who are they trying to kid here?

[postggj]

You Can Not Do A Vt With Arrears

 

Have You Got It In Writing That They Have Accepted The Vt And Closed The Account

 

Seen This Come Back To Bite In The Ass To Often

[andie_303]

Only a 12% collection rate - why is that something to shout about??

[rubyrox73]

Then if they accepted a termination I believe as long as you had paid over half they can whistle for the rest - if they disputed payments owing they should have done so before taking that car back!

 

Unfortunately I hadn't paid half, wish I'd clung on for longer but circumstances meant that the payments were crippling me and although I renegotiated it (stupidly by telephone), Welcome reneged on it and demanded full monthly payments after 1 month into the new payments.