Welcome Finance - This company needs to be banned.

[ozzywizard]

A huge welcome to the forum Nelson, can I suggest you start your own thread so we and you can keep a track of your progress and we can get a plan together.

 

We can advise you further on your own thread but this could be fraud (not saying it is but suspected)

 

First thing to do is to tell your card provider or bank that this withdrawal is not authorised and to get them to reverse the transaction. Secondly you write to welcome and tell them that they have acted without your authorisation and that you have reported the transactions as fraudulent use of your card. You then inform them that you could claim costs and interest of them.

[Major Player]

Hi Nelson, you will find that this is a common theme with Welcome, it is definately a breach of their policy, it also breaches Data protection (They are supposed to destroy your card details once a payment is made) however when they have targets to meet which is normally the end of the month - the rulebook goes out of the window.

 

You could complain to compliance department and ask for compensation as well as the payment back plus interest however if you wanted to ruffle feathers more - I would contact your bank fraud department and tell them about the fraudulent card transaction - they may then prosecute Welcome. Just to make you aware though your bank may want to cancel your card and order a new one but I would be happy to do that if it meant that Welcome got into bother!

[Major Player]

Ozzy - typing at the same time! Great minds and all that!

[luluspice]

Hi futher to my question about template fo unenforceable loan. I had FSO on phone today saying if I write such a letter to Welcome they will put my ppi case on hold for 8 weeks or until welcome respond. then depending on their respnse they may take up that case to. so it seems to me they are not saying I can't go down this route? Welcome tried to get me to sign a new contact for £8000 more than original loan!!! I am not just trying to get out of a legal debt, I had reason to claim on the ppi, I was off work 6 months ill, but it turned out I was not covered, only my husband who was self employed & had pre existing medical condition so therefor was not covered!! Help with wording of letter please, My brain is a bit foggy due to health condition. Many Thanks.

[welcome jobhunter]

Heres another trick, It has come to my attention that welcome have used my card details and withdrawn £70 to cover a shortfall in a previous pyt, this was not agreed and was done without my knowledge i would be grateful if anyone could tell me where i stand on this?

 

Huge breach of policy get intouch with complaints, All card details should not be written down and and details should be provided over a recorded call there has been a big crack down on this action and anyone caught with card details (authorised or not) instant dismissal.

Hope this helps

[brassed-off-2]

@ Welcome Job Hunter and welcome staff

 

Thanks for comming on this thread and sharing your knowledge.

 

What is the word on the Welcome corridors, in relation to the MIF and acceptance fees that have been unlawfully applied to secured loan agreements.

 

Can any welcome employee past or present..answer this??

[jdene]

Maybe one of our guests would be so kind

[jdene]

another worthwhile question is what they intend to do about all the undisclosed commissions paid to Welcome elite Brokers as they dont appear to eager to answer these questions in court.

[mark1arby]

Hi Nelson, you will find that this is a common theme with Welcome, it is definately a breach of their policy, it also breaches Data protection (They are supposed to destroy your card details once a payment is made) however when they have targets to meet which is normally the end of the month - the rulebook goes out of the window.

 

You could complain to compliance department and ask for compensation as well as the payment back plus interest however if you wanted to ruffle feathers more - I would contact your bank fraud department and tell them about the fraudulent card transaction - they may then prosecute Welcome. Just to make you aware though your bank may want to cancel your card and order a new one but I would be happy to do that if it meant that Welcome got into bother!

 

That is advice we can work with. Thank You Major Player. Seriously Good Stuff.

 

The more trouble we can cause for these **** the better. I`m lovin it!!!

[mark1arby]

Huge breach of policy get intouch with complaints, All card details should not be written down and and details should be provided over a recorded call there has been a big crack down on this action and anyone caught with card details (authorised or not) instant dismissal.

Hope this helps

 

Instant dismissal!!! Wonderful words when about A **** Monkey!!! Thank You Welcome Jobhunter.

 

More stuff to work with against this lying, cheating, bunch of **** *ASTARDS!!! PMSL:lol:

 

Sorry, nearly got into one there.

 

Thank You again WJH.

[ozzywizard]

Mark you truly are a man on a mission and im right with you lol.

[divadog]

someone asked what welscum intend to do about mif, acceptance fees etc. take a look on my thread to a reply to a letter that poste did for me (and try not to laugh). also when asked if i could have a copy of my mif policy from underwriter, they told me they held the fee and refused to give an explanation, convenient or what.

[Picador]

Hi All

 

I haven't posted for a while as basically I am still trying to sell my property and Welcome have their claws well and truly embedded in the security on my house, regardless of forged signatures, copies of legal documents not being identical etc etc, you know the tactics. On the plus side I haven't paid them a penny for Oohhh well must be coming up on nearly 2 years?! and they haven't asked, they can sod off as far as I'm concerned and I would love them to take me to court but they have told me (yes, really) that it wouldn't be worth their while.

 

The reason I'm posting is I keep an eye on my credit ref and my default should have dropped off in December, legally. having just got copies of my report to check this two agencies are still showing the default but Welcome who truly are a devious scummy bunch have changed the date of the original default (how can they? idiots!) to 2008 instead of 2003, so they can keep damaging my files!! Luckily I have ALL my original paperwork, every single threatening falsified scrap and I am on top of these reports. But just thought I would let people know that they may not go away when you expect them too so keep checking. Not sure as a consumer if we can barr certain companies who have supplied false information but I have asked the question.

 

Hope everyone else's fight is faring better? I've lost any profit in my flat..but so have they! am xx

[edwi69]

HAVE A LITTLE READ:D

 

Cattles PLC - Potential Staff Reductions - Replacement| News| CTT| CTT.L| GB0001803666 | Cattles PLC - Interactive Investor

[fergal71]

to all those guests and those that work for welcome, what a story hey.... i remember one such employee telling me when i was asking for mis sold ppi back. that welcome was in a strong position and they were lending more than ever and he was not worried about his job.....well i hope you read this below and remember that call you fool..... i will shed no tears for welcome employees who find themselves on benefits or searching for a new job in a decreasing sector...ha ha would be childish but hey ....;-)

 

 

 

RNS Number : 7475G Cattles PLC 05 February 2010

 

This announcement replaces the Cattles plc 'Potential Staff Reductions' announcement released today at 10.01am under RNS No 7456G. The company name throughout the announcement should read 'Cattles plc' and not 'Moscow plc' as previously stated. All other details remain unchanged. The full announcement appears below.

 

Cattles plc

 

Potential Staff Reductions at Welcome Financial Services

 

The Board of Cattles plc ("Cattles") today announces proposed changes in the organisation of its subsidiary Welcome Financial Services Limited.

 

The Board of Cattles announced recently that, following an extensive strategic review of its business and subsequent discussions with its financial creditors, it was unable to recommend a business plan which would allow Welcome Finance ("Welcome") to continue lending and it would therefore focus on collecting out Welcome's existing customer loans. It is envisaged that this process could take two to three years and, during that period, the Group's cost base will contract to reflect the reducing size of the book.

 

As part of an ongoing comprehensive review of the Welcome business, Cattles has announced today that it proposes the closure of circa 70 Local Management Branches and Local Collections Units nationwide. Cattles will now enter into a consultation process with staff affected by the proposals, of whom approximately 450 will today receive notice that they are at risk of redundancy.

 

Commenting on the plans, Margaret Young, Executive Chairman of Cattles, said:

 

"These proposals to further streamline the Welcome organisational structure have been put forward after an extensive review and careful consideration. We believe they are essential to Cattles achieving a more cost efficient business model which mirrors the reducing size of the Group's loan book."

[brassed-off-2]

someone asked what welscum intend to do about mif, acceptance fees etc. take a look on my thread to a reply to a letter that poste did for me (and try not to laugh). also when asked if i could have a copy of my mif policy from underwriter, they told me they held the fee and refused to give an explanation, convenient or what.

 

 

it was me diva!!

just popping over to have a read!!

[chrisb333]

70 local branches.

Please, please, please, be my local branch!

 

Sorry welcome staff, you have had this coming a long time.

 

Anyone know how many branches they have in total?

[Major Player]

As a point of info, my sources at Welcome say that the Griffiths case is why they can charge a mif(This is the case that is mentioned in Divas thread and can be found here):

 

http://www.goughsq.co.uk/documents/report_example.pdf

 

The judge in this case said a mif was ok but post has made reference a few times to a later case that opposes this view. The letter sent to Diva is a sight to see, so much jargon which basically says that they can't find any cases that suport mif illegality and that they rely on the above case.

 

Funny thing is though that they won't have looked for any opposing cases will they!?

[pwg6565]

Goodbye To 450 Jobs At Welcome Finance As Owner Cattles Reduces Headcount | Business | Sky News

[pumbaa0208]

can anybody help car was written off on monday insurers are waiting to pay out couldn't contact welcome. finally got hold of them yesterday and was told settlement was 6059.47 on a 6000 car i had 3 years ago. i paid 240 a month then reduced payments due to earning less they refinanced on whole amount it looks like. asked about ppi and shortfall as was charged for this originally not n my account now?? how much would a reasonable offer be to get rid of them as need a car and not sure what to do with insurance company. the car no longer exists in reality please help:sad:

[welcome jobhunter]

how much would a reasonable offer be to get rid of them as need a car and not sure what to do with insurance company. the car no longer exists in reality please help:sad:

 

 

any reasonable offers are been accepted at welcome at the moment, To back up a short settlement work out how much you have paid towards the agreement including the original agreement and put this in a letter advising how much the car is worth.

In my experience though welcome will deal direct with the ins company as the insurance payment will be paid direct to them and you will be left with a liability

check if you had gap insurace as this will still be active on the a/c even if you did r/w your agreement

[welcome jobhunter]

70 local branches.

Please, please, please, be my local branch!

 

Sorry welcome staff, you have had this coming a long time.

 

Anyone know how many branches they have in total?

 

 

Sorry but it was only 4 local branches local management branch (LMB) is just another deparment the branches which have been closed are Crew, scun,thorpe, scarborough & tamworth..(i think thats correct)

all a/c's are going to battery coop, oops sorry i mean head office:)

Edited February 6, 2010 by welcome jobhunter
more info

[ozzywizard]

Thats what I would of guessed also Jobhunter that welcome would deal direct with the insurance so the OP wouldnt really get the oppertunity to negotiate. close some north west branches down lol.

[lostinspace1000]

what about edinburgh welcome zoo?

[lostinspace1000]

its 70 not 4......