Welcome Finance - This company needs to be banned.

[andie_303]

Could you forward tp Postggj as well please

 

yep will do - thank you

[MarkieMark]

Andie, I have sent you a copy of the letter settling out claim for misselling PPI Insurance they have not paid up yet but will do when it is before the judge.

[andie_303]

I got it MarkieMark - seems cut and dry to me

[Forsure]

Whats happened ? Something bubbling and Welcome finally going to get their commupance ??

[Forsure]

Hello guests by the way - job centre must be shut and they are all on here now !! :lol:

[postggj]

Idene

Sending A Pm

[JB9876]

Apologies guys but I have to say that very often I flick onto this site without signing in and so will be seen as a guest which I'm guessing a lot of people also do. That's not to say that Cattles/Welcome staff don't also come on here but they could come on as a registered user anyway. It just really frustrates me that sometimes it feels as though a priviledged few have access to information which could in fact help many others?

[postggj]

hi jb9876

 

we know welcome are a regular on this thread, there are a few of us who go to the bare bones with welcome.

 

we are not keeping things to our self

 

when the time is right all info is posted

 

a few caggers have court claims for instance

 

certain info we wait for months and months, then it falls into our lap

 

we need clearence to post that sort of info

 

i myself have no dealings with welcome now

i do it for

 

REVENGE:-D

Edited June 18, 2009 by postggj

[gavin2121]

postggj.... you are like a god to all welcome finance customers ....

 

 

keep up the good work lol:cool:

[andie_303]

Apologies guys but I have to say that very often I flick onto this site without signing in and so will be seen as a guest which I'm guessing a lot of people also do. That's not to say that Cattles/Welcome staff don't also come on here but they could come on as a registered user anyway. It just really frustrates me that sometimes it feels as though a priviledged few have access to information which could in fact help many others?

 

With all due respect I really hate it when people infer that we (including me) are being selfish. I do a lot of work on this forum and have helped a number of people especially with this company - however there are somethings that cannot be discussed on forum - whilst I appreciate so guests are legitimate I also KNOW that Welcome are on this thread regularly and therefore I chose what I want to put in public and what I don't and do not think I should be judged for that.

 

If I was I would take my information and help of forum completely sort out my own case and think screw everyone else - but I dont - I''m on her daily helping in a variety of manners and what goes on behind the scenes is generally for the greater good.

 

I'm sure you are aware of case law and precedents being set - some of us are in court and are about to set some and then Welcome will be coming down to earth with an almighty bang and everyone will be able to take advantage of this.

 

So perhaps people should have a little more patience.....

[pt2537]

just a small tip,

 

If you have a welcome loan agreement which has an acceptance fee on it, then get all the documents together and somewhere within it you will have a sheet which breaks down the payments. in that sheet it will say

 

 

Repayment £xxxx

Acceptance fee £4.05

PPI £40

 

Total monthly payment £216.60 for example

 

now if you take £4.05 and multiply it by the loan, in this case which i have its 180 months, you get the outcome of total acceptance fee payable £810 NOT £235

 

this is also sufficient to render the agreement UNENFORCEABLE

 

 

HTH

[Us versus Debt]

Ok well DG have sent me a letter called Policy Schedule which was dated yesterday and addresses like a letter. It is trying to be a schedule of Insurance but not sure if it fits the bill and will be getting it checked out.

 

What I don't understand is why after DG and Welcome constantly insisting it is nothing to do with Welcome, yet it has Welcome's letterhead and name all over itand no mention of DG.

 

The way they add some figures in underneath relate to the car finance which any insurance broker would not need to include.

 

In my opinion a very poor effort Welcome.

Must Try Harder!!!!!

[Voda]

Hi HTH,

 

Excuse me if I am a bit thick on this but when I multiply £4.05 by 180, I make it £729.00 not £810.00 !!!

 

I am probably missing something anyway ...Duh

 

Take care

 

Voda

 

 

just a small tip,

 

If you have a welcome loan agreement which has an acceptance fee on it, then get all the documents together and somewhere within it you will have a sheet which breaks down the payments. in that sheet it will say

 

 

Repayment £xxxx

Acceptance fee £4.05

PPI £40

 

Total monthly payment £216.60 for example

 

now if you take £4.05 and multiply it by the loan, in this case which i have its 180 months, you get the outcome of total acceptance fee payable £810 NOT £235

 

this is also sufficient to render the agreement UNENFORCEABLE

 

 

HTH

[pt2537]

HTH = Hope This Helps lol

 

but it was an example for illustration purposes only, i was merely pointing out that they are in error

 

Regards

 

Paul

[Voda]

Hi Paul,

 

Many thanks for your answer.

 

I get it now, I think !!!

 

Take care

 

Voda

 

HTH = Hope This Helps lol

 

but it was an example for illustration purposes only, i was merely pointing out that they are in error

 

Regards

 

Paul

[Millymo]

just a small tip,

 

If you have a welcome loan agreement which has an acceptance fee on it, then get all the documents together and somewhere within it you will have a sheet which breaks down the payments. in that sheet it will say

 

 

Repayment £xxxx

Acceptance fee £4.05

PPI £40

 

Total monthly payment £216.60 for example

 

now if you take £4.05 and multiply it by the loan, in this case which i have its 180 months, you get the outcome of total acceptance fee payable £810 NOT £235

 

this is also sufficient to render the agreement UNENFORCEABLE

 

 

HTH

 

Hi everyone - I have not posted for a while (I have been fighting a losing battle with HBOS to reclaim bank charges)

 

Our complaint is currently with the FOS regarding this acceptance fee business and our account still in dispute (even though Welcome says it isn't)

 

I just wanted let you know our final response from welcome on this stated that our agreement is enforceable as they have written on the agreement that interest will be charged on the outstanding daily balance and the acceptance fee. They also state that this is ok because it is no less prominent than the rest of the terms and conditions.

 

Now we have advised them that we will wait and see what FOS has to say before the dispute will be resolved as of course they are going to say their agreement is enforceable.

 

Do you think they a right or are we right to keep this in dispute?

[MarkieMark]

The old rules apply to agreements made prior to april 2007, therefore if PPI was not a condition for making the agreement then the agreement could be potentially unenforceable. Breaches in the execution of the Act.

 

Anyone wants a good read I would strongly recommend the following large binders............

 

I purchased the following books Encyclopedia of Consumer Credit Law by A G Guest & M G Lloyd ( Sweet & Maxwell) Volume 1&2

 

Also Consumer Credit Legislation by Goode Volume 1,2,3

 

I have been researching the consumer credit act for a while now and I cannot believe the number of credit agreements which could be rendered as being unenforceable.

 

I sometimes wonder why personal loans need to be on variable rates? is this because they increase the APR when someone dont pay up? mmmmm I wonder.

[MarkieMark]

edit

Edited June 24, 2009 by MarkieMark

[postggj]

Evening All

[postggj]

Millymo

 

Welcome Can Put What It Likes On An Agreement

Does Not Make It Legal

 

Its All Smoke Screen And Mirrors Again

 

Keep It In Dispute Until You Get The Word From The Fos

[dadofholly]

Evening All

 

A very good evening at that

[Millymo]

Millymo

 

Welcome Can Put What It Likes On An Agreement

Does Not Make It Legal

 

Its All Smoke Screen And Mirrors Again

 

Keep It In Dispute Until You Get The Word From The Fos

 

Thanks Post - That is what we were thinking - I was kind of hoping Welcome would have disappeared by the time the FOS reached a decision. It might happen yet though - I guess we will find out in next few weeks

[postggj]

Keep Watching This Thread

 

Things Are Happening

 

Big Time

[jdene]

Mine is with the FOS to be honest im not to hopefull of getting the result I want from them they seem to tread on egg shells around these companies will probably need to take it to court but wait a little longer for the FOS decision first

[postggj]

Jdene

 

Welcome Are No Worries As Far As You Are Concerned

We Will Wait For The Fos Report But Relax, Your Case Is Going Noware As Far As Welcome Are Concerned