Welcome Finance - This company needs to be banned.

[jamesf104]

Hi Post,

thanks for that advice, we will go for that. My daughters family has this loan secured against their property, it dates back to 03 with remnants of an 02 loan added and also includes remaining interest from a car HP loan (year 2000) for which no rebate was given when absorbed into second loan after paying 20 payments out of 36. Both these 2nd and 3rd loans are not executed properly with no cost of credit brought out, interest on fees, PPI and loan rolled into one and not as multi loan, number of payments quoted as an estimated period and not a definite number, also adittion of all the bits on loan is incorrect by a few hundred pounds (current loan). These 2 agreements are pure Walt Disney, I have written to compliance with all the errors quoting relevant CCA1974 sections, but they dont answer. Since reading this forum from March I have now managed to get them to agree unenforceability and not properly executed based only on the addtiion error at present. We dont have to pay unless we want to and they wont add to the debt, so they say. I want the security canceled and idealy have the loan completely scrapped. But so far so good, thanks to continued reading of the forum.

[Housemonkey]

Sorry if I'm being a bit thick here but does Welcome still exist or not? Do I continue to pay them £450 per month while I sort out the ppi claim I have with them as if nothings changed?

Any ideas what this means for the end user?

[Housemonkey]

Sorry if I'm being a bit thick here but does Welcome still exist or not? Do I continue to pay them £450 per month while I sort out the ppi claim I have with them as if nothings changed?

Any ideas what this means for the end user?

[Housemonkey]

Oops sorry, pressed twice!

[JonCris]

If the debt is unforceable they MUST surrender the security although being Welcome you may have to take them to court to get them to comply

[dawnytrish]

Hi, Thanks for the reply.Have been reading this thread all weekend.It is amazing.(Still only on page 93:D)

 

Have had a look at the paperwork but all daughters boyfriend has is a Statement of Price...which he had to sign???

We have today requested a copy of the agreement which he says he can't remember signing.(They have taken him for everything...ppi Accident ins and Lifecare for 5 years ...even though the agreement is for 3years)So we will see.

 

As for the payments he has requested Welcome NOT to take anymore payments from my daughters card and he is going to pay cash at the local office every week.They seem to have agreed to this so again...We will see.

She did ask the bank for a new card and they are sending her one but they have said this may still not stop the payments although surely it should if that card is cancelled.

 

Thank you all for taking so much trouble to keep people informed...I shall now return to page 93 and hopefully will catch up soon.

Dawnytrishxx

 

ETA I will start a new thread when I get a copy of the agreement and get me head around all of this.Thanks again.

 

Just a quick question guys....

We went to local Welcome office today to pay the weekly payment in cash.The request for CCA was hand delivered to this office last Monday 07/09/09.and signed for.

We were told today that the person dealing with our account was still on holiday so hadnt even seen the letter although a copy was seen and signed for....so it hasnt been dealt with yet.I think they only have until Friday to deal with this matter or have we done it wrong by sending it to the local office.

Should we do another letter to Nottingham.

Thanks

Dawnytrish.

 

PS...I am on page 386 now and I think you are all FAB.

[postggj]

so they signed for the cca request

thats good emough

just because she is on holiday means sfa

 

give them a nice call tomorrow and tell them you will be along friday to pick up your agreement or they will be getting sfa from you until they suply the agreement

 

thats if they still have a job by friday

[dawnytrish]

so they signed for the cca request

thats good emough

just because she is on holiday means sfa

 

give them a nice call tomorrow and tell them you will be along friday to pick up your agreement or they will be getting sfa from you until they suply the agreement

 

thats if they still have a job by friday

 

Thanks for the quick reply.We will do that tomorrow. Will let you know what happens and start a thread as soon as we get anymore paperwork.I think there is alot of worrying things regarding the bits of paper we have so far.

Dawnytrishxxxx

[postggj]

do you mean finding out how welcome conned you

 

i could write a book on how welcome operate

 

now thats an idea

[dawnytrish]

do you mean finding out how welcome conned you

 

i could write a book on how welcome operate

 

now thats an idea

 

Certainly was conned.It's my daughters boyfriend and boy did they see him coming.....His Pre-contract paper says APR 72.24. and the Interest on PPi and other insurances is more than the things themselves.

I can't wait to see the actual agreement....if there is one.

 

Good idea about the book.....It could save alot of people from alot of misery.

 

Thanks again

Dawnytrishxxxx

[postggj]

well just read this thread

 

am i reading this right

 

72.24 apr

 

extortionate credit bargin that with the apr on the micky mouse insurance

 

when you get your agreement

 

thats if they have one

 

send me a pm and we will nail them

 

thats very high

even by welcomes standards

[dawnytrish]

well just read this thread

 

am i reading this right

 

72.24 apr

 

extortionate credit bargin that with the apr on the micky mouse insurance

 

when you get your agreement

 

thats if they have one

 

send me a pm and we will nail them

 

thats very high

even by welcomes standards[/quote

 

Thanks Post.

Thats what it says...APR.72.24...Couldnt believe it myself.

Will be in touch very soon.I can't wait now.....I think I am becoming obsessed with this thread.LOL.

Dawnytrishxxxx

[postggj]

welcome to the club

 

excuse the pun

[dawnytrish]

welcome to the club

 

excuse the pun

 

Must sleep now....on page 389 now ,so maybe tomorrow will be the day that I catch up completely.

 

Night night.

XXXX

[traz39]

Cattles PLC - Update on standstill negotiations

[traz39]

comments anyone

[postggj]

hi traz

 

it means welcome are in big trouble

they are trying to get a standstill agreement, this means trying to get the bond holders etc to lay off the preasure

 

now cattles invoice finance has gone, cattles have nothing left that makes any money

 

the bond holders want there money back and my feeling is they will say no way jose to a stand still agreement

 

its going for the throat time now me thinks

 

told you once cif went it would be quick

 

loving it:-D:-D

 

guests are about a bit early

 

did not realise welcome still had that amount of staff left

[dawnytrish]

Hi,

Could someone please clarify the time for CCA request to be done.

We hand delivered on Monday 07/09/09.So do they have until this Friday to reply or will it be Monday.

 

Thanks

Dawnx

[Millymo]

Hiya Postie,

 

Not too much been going on in your absence except that I have informed Watchdog and Dom Littlewood of this huge thread.

 

Nite

 

Voda

 

Hi Voda - On Breakfast TV this morning Angela Rippon, Jenni Bond and Gloria Hunniford were talking about a new program they are filming, which will be aired on daytime TV in November. It is called Rip off Britain and they are looking for stories to investigate. I just thought you might like their contact details.

 

Rip-Off Britain

Here's how you can get in touch if you want the team to investigate on your behalf.

- The email address: '[email protected]'

- or write to: Rip off Britain, PO Box 4360, MANCHESTER, M61 0DY

 

I am kind of hoping Welcome will be no more by then but who knows they seem to have more lives than a cat.

 

On another note Welcome have sent me a default notice this week even though they agreed to not chase us for payment pending the outcome of our FOS complaint. They have really hacked me off now. Even though it is your standard mickey mouse default notice it has scared me a bit as ours is a secured loan.

[postggj]

Hi,

Could someone please clarify the time for CCA request to be done.

We hand delivered on Monday 07/09/09.So do they have until this Friday to reply or will it be Monday.

 

Thanks

Dawnx

do again

Edited September 16, 2009 by postggj
crap

[dawnytrish]

a cca request is 12 plus 2 days for service

you can put an account into dispute after this

 

if it was the 7/09/09

 

the date would be by close of biz today

 

16/09/09

 

you can now legally with hold payments if you wish

 

Sorry Post but that is only nine days:grin:

[postggj]

if done on the 7/09/09

 

day of default for welcome would be

 

21/09/09

[postggj]

its the 21/09/09

 

thats 12 plus 2 from receipt

[dawnytrish]

its the 21/09/09

 

thats 12 plus 2 from receipt

 

Thanks LOL......would that be midnight or on that day:) as will be asking today to collect it. Don't want to be too eager.

 

And I still think you are Fab:grin:

Dawnx

[postggj]

it will be close of biz

 

so go gun in hand on the 22/09/09

 

six guests

 

lucky me

 

no notingham

i have not released it yet

 

want to savour the moments