Welcome Finance - This company needs to be banned.

[beyondhope]

I think rest of your lives is abit strong Bluebell although it may feel like it. Im sure theres one or two caggers that have won and gotten a debt removed for one reason or another.

Share your story to help others

use the below link, go to new thread button under notices and let it all out

 

Welcome Finance - The Consumer Forums

Edited February 8, 2010 by beyondhope
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[Bluebell10]

Yeh sorry just a bit stressed and rather downtrodden at moment, so much going on, I have been reading the info. about welcome and cattles you guys post and took a look at others posts, not sure if i want to talk to much yet, but definately going to check my agreement. Lovin all the stuff you guys do though its awesome, made me smile and horrible to say but glad am not the only one.

[edwi69]

LOOKS LIKE CATTLES ARE SCHEMING

 

CATTLES Share Chat - Chat About CTT Shares - Stock Quotes, Charts, Trade History, Share Chat, Financial Terms Glossary

[beyondhope]

hmmmmmmmmm

[jdene]

Hello all just to get something out of my head and onto the page so to speak.

I have been thinking following some shal we say unforseen decisions in our courts, do judges have to disclose thier interests such as investments etc. and dont they have a duty to withdraw from any cases where they could possibly have an interest, not suggesting for a minute that there has been any wrong doing in any case mentioned in any of the forums but just a question that has been occupying my empty head for a while.

[traz39]

i had a letter yesterday my branch is closing down my local branch will be lenton;)

[lostinspace1000]

wish the edinburgh zoo branch would close down..... damn monkeys are still swinging from the trees in princes street garden.

[jamesf104]

The other day on GMTV an adviser on loan agreements said that very few agreements are actually unenforcible even though there are mistakes etc. He said the courts would enforce 99% of so called unenforcible agreements, I took this to mean even those with prescibed terms missing. He was commenting on the growth of those companies that profess to get the debt cleared for an up front payment. I am wondering how this leaves all of us, this news was quite depressing. What actually is the real reality I wonder?

[beyondhope]

I too read this somewhere that people are being mis informed by these companies or hearing a snippet of something and misinterpreting the cca and putting accounts into dispute etc and not actually getting anywhere and that far too many ppl are using the cca request against companies to put their accounts into dispute for no 'proper' reason

[pwg6565]

There is always going to be some people trying to jump on the bandwagon to try and avoid paying debts. People who have been genuine contract issues will be treated fairly by the F.O.S. I am sure. The law is the law.

[emandcole]

I too read this somewhere that people are being mis informed by these companies or hearing a snippet of something and misinterpreting the cca and putting accounts into dispute etc and not actually getting anywhere and that far too many ppl are using the cca request against companies to put their accounts into dispute for no 'proper' reason

 

We must also remember that for all of this negativity that there is still a perfectly valid route to take in the event that a creditor does not comply. It is not the case that a stranger can issue in the court against you for £10,000 and produce a bus ticket with a Mr. Man picture on it to win the claim.

 

Granted, the rights of the creditors have been strengthened to some extent which I personally feel is bordering on fraud and a complete bypass of 'fair play' but that's banking and finance for you. As the great British public are happy to do no more than winge at each other whilst handing their earnings over at the same time every month we'll all just have to accept it.

 

The Waksman result was far from terminal and we must also remember the claimant was the individual and that the burden of proof was effectively reversed. Also, if a creditor produces a reconstituted agreement there is a whole avenue of inquiry open to you in order to assess that this piece of paper is in fact a true copy. Let's face it, if the original has gone you need to do quite a bit to prove that what you are now presenting is in fact a true copy of something that can no longer be checked.

 

There is a lot of propoganda at the moment, I'd advise a cautious approach and to sit back and wait for the new lines of attack to surface. It will happen I'm sure, it is early days though.

[mark1arby]

We must also remember that for all of this negativity that there is still a perfectly valid route to take in the event that a creditor does not comply. It is not the case that a stranger can issue in the court against you for £10,000 and produce a bus ticket with a Mr. Man picture on it to win the claim.

 

Granted, the rights of the creditors have been strengthened to some extent which I personally feel is bordering on fraud and a complete bypass of 'fair play' but that's banking and finance for you. As the great British public are happy to do no more than winge at each other whilst handing their earnings over at the same time every month we'll all just have to accept it.

 

The Waksman result was far from terminal and we must also remember the claimant was the individual and that the burden of proof was effectively reversed. Also, if a creditor produces a reconstituted agreement there is a whole avenue of inquiry open to you in order to assess that this piece of paper is in fact a true copy. Let's face it, if the original has gone you need to do quite a bit to prove that what you are now presenting is in fact a true copy of something that can no longer be checked.

 

There is a lot of propoganda at the moment, I'd advise a cautious approach and to sit back and wait for the new lines of attack to surface. It will happen I'm sure, it is early days though.

 

That sums up where we stand at this time as customers/ victims very well. Each case has you so rightly say, will be assessed on it`s own merits. And some of these Agreements are as good has a Bus Ticket.

 

I also think it is a Positive in many ways that people are " Jumping on the Bandwagon ". That says to me that " The Great British Public " are Waking up to what THEIR RIGHTS are.

 

Cheers, MARK

[DT&FE]

for those who still or have worked for Welcome can someone tell me if they have a company policy regading the number of loans any individual can have?

[Voda]

Hi everyone,

 

Sorry to be a messenger of doom but I have seen various people on here saying that they are going to do this and do that with Welcome Finance.

 

i.e the Fraud Squad, the Inland Revenue, the National Press, Television or whatever.

 

Unfortunately whether any of us like it or not, we are indebted to these people as we borrowed money from them and despite some of their practices, a debt is a debt.

 

Becoming a Bankrupt or taking out a Debt Relief Order is the only way to shake these people off.

 

I have been honest and up front with Welcome and they have frozen all my interest and other charges and I am paying them a very reduced amount which they have accepted.

 

" You cannot get blood out of a stone "

[Gram1]

Hi everyone,

 

I have been honest and up front with Welcome and they have frozen all my interest and other charges and I am paying them a very reduced amount which they have accepted.

 

" You cannot get blood out of a stone "

 

Really?? What sort of finance do u have with them? ie Car, Secured etc.

 

how much do u owe and how much did you and do you now pay a month?

 

sorry for the questions, but really interested in this and would like to see if you in a similar postion to me as i would be interested in arranging this if at all possible as I am a stone with little blood too.

[ozzywizard]

Voda, you was the one that was shoting the loudest about going to watchdog here . and you also contacted Dom Littlewood here .

Here you also wanted welcome employees to PM you so you could meet with them . . .

 

Point I am making is that in your words they have made you ill and put you through all kinds of crap, just reading your posts I can tell what you have been through so I am sure you can understand everyones frustrations and motive to fight back.

[mark1arby]

Well said OZZY. Sorry Voda but, yes you have done well for your self arranging these things with the ****. And I`m sure we all wish you the best of luck.

 

You are also quite right you can NOT get blood out of a stone. I believe most people who have a gripe with Welscum would and have been trying to pay what they owe. It is obvious though, not everybody has been afforded the same level of understanding which you have been very fortunate to receive.

 

Let`s face it if they were honest and up front in their dealings from the beginning, and fair in their approach to ALL who are having difficulties then their would be no need for these kind of forums.

 

They do not play the game by the set down rules. At least everyone of us is doing that. They deserve everything they get, or don`t get because of this attitude of being above the LAW.

 

Cheers, MARK

Edited February 17, 2010 by mark1arby
deletion

[pt2537]

http://www.consumeractiongroup.co.uk/forum/legal-issues/244025-delfi101-et-al-weightmans-2.html#post2729941

 

Please please please, do not look from the doom and gloom point of view, see the above thread, the case above would have been declared "enforceable" by many on this forum, we took it to trial, won and recovered our costs in doing so.

 

Welcome are notorious at making errors, we have hundreds of cases on the go against this type of lender and we have yet to lose a case where we have gone to trial against them. I accept that you are reliant on the docs givng you the ammo and sometimes there is no unenforceability but the fact remains that 9 times outtta 10 its in our favor not the lenders

[Voda]

Hi everyone,

 

Thank you for your posts.

 

Yes I tried the media but nobody replied to me.

 

I fully accept that there are others on here that have been dealt with very badly by this company so I suppose that I have been fortunate.

 

I suppose that I have got to an age when the fight has left me now.

 

Gram 1, my loan was simply a Personal Loan.

 

It's not a secured loan or for a car.

 

Let's just say that I am now only paying around 10% of the original monthly amount and it will take years to pay off the loan.

 

WF would rather have some money than none at all so after providing them with my monthly income and expenditure that was endorsed by the Debt charity CCCS, they had no option but to accept the figure that I could afford each month.

 

Good luck with everything.

 

Voda

[tedmaul72]

Are you absolutely certain that they have frozen the interest and charges? Welcome wouldn't be Welcome without some [problem] or other. If they have frozen the interest and charges, have they agreed to do so for the lifetime of the loan?

[Voda]

Hi,

 

Yes they have frozen the interest and other charges.

 

I recently received a statement from them and there are no charges anymore.

 

They have not actually said that this freezing is for the lifetime of the loan.

 

I suggest that the best way to deal with WF is to talk to them like I have done.

 

Voda

 

Are you absolutely certain that they have frozen the interest and charges? Welcome wouldn't be Welcome without some [problem] or other. If they have frozen the interest and charges, have they agreed to do so for the lifetime of the loan?

[tedmaul72]

Good luck to you if they have done this but I'd be sceptical of it lasting for the lifetime of the loan. And then where will your reduced payment get you once they re-apply interest and charges every month?

 

If you can get the balance down quickly whilst it's sans interest then fair enough but I've had 8 years of dealings with Welcome and if they told me it was Wednesday, I'd buy a newspaper to make sure.

 

I hope you got everything in writing.

[ozzywizard]

Totally with you Ted, before I sent one letter I tried in vain for 5 months to discuss and resolve by talking to them . . only with shear desperation I wrote a letter and did my homework to realize there was far more wrong than my orriginal "small" query.

[Picador]

Hi Voda

 

I appreciate how stressed and despondent Welcome situations can make you feel but I urge that you keep a very close eye on your accounts and credit records. In my personal experience Welcome agreed to "freeze charges/interest" in my situation, only for me to then be defaulted behind the scenes and extra charges added to compensate the interest they froze. Bear in mind that they are under immense scrutiny at the moment and need to be seen to be playing by the rules, indeed they may become lawful and reasonable in their actions if they survive as a company? Who knows? But many people are, as has been said on this forum, not treated as fairly. I would be having a cautionary attitude and microscopic eye on your account, if you don't already have it, get it in writing the term the interest will be held and how much will be applied when that is up, and perhaps be prepared for harassment again for increasing payments after a period of time. I do wish you all the best and glad it has been resolved somewhat for you.

 

am

 

Hi,

 

Yes they have frozen the interest and other charges.

 

I recently received a statement from them and there are no charges anymore.

 

They have not actually said that this freezing is for the lifetime of the loan.

 

I suggest that the best way to deal with WF is to talk to them like I have done.

 

Voda

[Picador]

Not the only one with a cautious word!! I must type quicker!!!!:grin:

 

Good luck to you if they have done this but I'd be sceptical of it lasting for the lifetime of the loan. And then where will your reduced payment get you once they re-apply interest and charges every month?

 

If you can get the balance down quickly whilst it's sans interest then fair enough but I've had 8 years of dealings with Welcome and if they told me it was Wednesday, I'd buy a newspaper to make sure.

 

I hope you got everything in writing.