Welcome Finance - This company needs to be banned.

[mark1arby]

its all about how you interpret it !!!

 

So How Do You INTERPRET IT?;-)

[mark1arby]

Go On Dawn!!! You Will Be Able To Interpret IT???

[dawnytrish]

My interpretation is that....The Plot is DEFINITELY thickening..:grin:

[ozzywizard]

Exactly, see everyone Dawny gets it !!!

[mark1arby]

My interpretation is that....The Plot is DEFINITELY thickening..:grin:

 

Still No closer To An Interpretation Then!!! Tell You what Has Become Clear Though???

 

We Are ALL Pretty THICK!!!

 

Cheers, MARK

[emandcole]

The construction of contracts remains difficult. The Supreme Court uses its view of the parties' commercial purpose to override words, but the Chancellor then rejects arguments based on commerciality and focuses instead on the words alone. Who is right, or have both gone too far?

 

I know that the law does tolerate breaches of contract when you'd imagine it would insist on such agreements being followed to the letter. It also won't encourage it but it will definitely tolerate it to some extent dependent on what the overriding aims of the contract were.

 

I think the general gist is to explain how there appears to be a wide variation in how a contract/agreement is interpreted and to what aims. The court will prevent the breaker from enjoying the full terms of the contract where appropriate and also allow the injured party to seek redress in some way and I think the examples listed are a demonstration of how this has been stretched in both directions, either by a judge or by the chancellor probably looking to safeguard the bigger system.

 

Is this right or wrong? Dunno, but I guess it falls into a 'grey area' and this slack has allowed a wide interpretation to be employed when perhaps it should have been far simpler and straight forward all along. Personally I'm on the side of a contract being exercised and enforced based solely on the terms within, I don't like this generalisation that appears to have been enjoyed allowing intangible matters to intervene with what should have been a pretty clear outcome.

 

Just my take on it, feel free to add/agree/disagree!

[mark1arby]

Can`t Disagree With That. Cheers Emandcole Clear Now!!!

[beyondhope]

Thanks Emandcole that was much easier to understand lol

[qualitystreet]

Has anyone on this site been taken to C Court by Welcome to get the car reposs. Also how long did it take? From the receipt of the Court papers to taking the car?? Or are Welcome too frightened to go to court? Have had yet another call and they said this is the next step but dont believe it....have paid over 1/3 but not half.

[emandcole]

Qualitystreet,

Have you had a default from them and a termination notice?

[qualitystreet]

Have you had a default from them and a termination notice?

 

No neither of those but they keeping calling me at home and work and have given me a reduction in the amnt I owe (-25%) but I could buy the same car for a lot less than they want...I am not worried about my credit rating. Just dont know if I should wait and see what they are going to do and hope they go under? Not paid 1/2 yet so cant offer to return car (if they are taking returns) but have paid over 1/3 so they need court order ....just a waiting game.

Many thanks for your interest.

[emandcole]

Have you had a default from them and a termination notice?

 

No neither of those but they keeping calling me at home and work and have given me a reduction in the amnt I owe (-25%) but I could buy the same car for a lot less than they want...I am not worried about my credit rating. Just dont know if I should wait and see what they are going to do and hope they go under? Not paid 1/2 yet so cant offer to return car (if they are taking returns) but have paid over 1/3 so they need court order ....just a waiting game.

Many thanks for your interest.

 

Apologies if I repeat anything, struggle to stay on top of threads sometimes. Do you have your own thread for this as you need to get information requested so you can get started?

[will smith]

Well, it's only taken 15 months but Welcome Finance AKA Progressive Finance (whatever) have finally deleted my account from my Equifax report.

I paid off a £2K loan early in November 08, along with a loan from Lloyds TSB and other debts, and instead of just updating my credit report to show 'settled', they marked my account as 1 month in arrears for the last 7 months before I settled it, and wrote a comment to say "account partially setlled, payment received as full & final was not enough to clear the balance". Tossers!

I wrote to them with a copy of their settlement figure letter, cc'd Equifax who then wrote to me last April saying that Welcome had agreed to remove the data. When I ended up checking last month it was still there! So I raised another query with Equifax and that seems to have done the job.

Thank god for that, there is now no visible trace of that god awful company

[mark1arby]

Great stuff Will!!!

[pcoventry]

I too have been watching but I decided to register and whilst it's not much I have bought an e-mail address to try and help support us.

 

I have a secured loan with welcome. I currently owe around £14900. I am struggling to make the payments but I have not yet missed one. I was called last week when my direct debit got cancelled by my bank ( admin error) I was told I was being charged £25 for the call. I told them to kiss my ass and I will not pay it no matter what they threaten me with.

 

I also have lifecover 24 which I will want to claim back if possible. I am having my contract checked to see if it's enforcable. But the worry about what they might do is making ill. I know they are in the poo to the tun eof 2.7 Billion to RBS (so the goverment) and I also know that RBS are leting them carry on to get in as much as possible which is why people are getting silly reduced amounts and 25% off etc. Even if they totally sink i'm sure someone somewhere will want replaying. Unlike a car I can't give my house back and they are stuffing up my credit rating so I can't remortgage and my current mortgage provider are just like them. Taking but not lending.

[ozzywizard]

I am having my contract checked to see if it's enforcablE

 

Congratulations on joining us !!!! . .

 

Create a thread on this section post up your agreement and we can check it for you if you like, even if you have somone else checking it then its good to get second opinion.

[Sol]

I saw an employee of WFS actually admit about the copying of signatures on to re-written agreements. I know we knew this went on, but to actually see it in black and white is still shocking!

[pcoventry]

It's when I ring up the locasl branch which is about 5 mins walk from my house and they deny that the company is going under. Either they are trying to bull**** me OR they simply don't know that by the end of the year their office will be shut down and they wil be told to "jog on"

 

You seen the prices shoppacheck want? £254%. crazy! They may try to carry on that way but if shoppacheck ring me chasing my loan i'll tell them where to go it's between me and welcome.

[pcoventry]

Congratulations on joining us !!!! . . /quote]

 

Thank you. It was whoever said that you should lock it off to members only who perswaded me to sign up.. Afterall they have a point..

[jdene]

5 guests amazing all those ex welcome employees must be having thier sky knocked off

[mark1arby]

Do you not show has a guest when looking around Cag. Just like we all did before registering and posting for the first time?

[ozzywizard]

Yup you sure do but when registered cookies are saved to your comp so it shows your name . I had a dude named nottingham reading my thread yestertday for like 3 hours dunno who that was.

[postggj]

ozzy

 

i take it your not using fire fox

[ozzywizard]

No, I do have it installed but for the forums prefer I/E . Why ?

[SarahJW]

never never never use welcome!!! NIGHTMARE of company.