Jump to content


  • Tweets

  • Posts

    • Thank-you dx for your feedback. That is the reason I posted my opinion, because I am trying to learn more and this is one of the ways to learn, by posting my opinions and if I am incorrect then being advised of the reasons I am incorrect. I am not sure if you have educated me on the points in my post that would be incorrect. However, you are correct on one point, I shall refrain from posting on any other thread other than my own going forward and if you think my post here is unhelpful, misleading or in any other way inappropriate, then please do feel obliged to delete it but educate me on the reason why. To help my learning process, it would be helpful to know what I got wrong other than it goes against established advice considering the outcome of a recent court case on this topic that seemed to suggest it was dismissed due to an appeal not being made at the first stage. Thank-you.   EDIT:  Just to be clear, I am not intending to go against established advice by suggesting that appeals should ALWAYS be made, just my thoughts on the particular case of paying for parking and entering an incorrect VRN. Should this ever happen to me, I will make an appeal at the first stage to avoid any problems that may occur at a later stage. Although, any individual in a similar position should decide for themselves what they think is an appropriate course of action. Also, I continue to be grateful for any advice you give on my own particular case.  
    • you can have your humble opinion.... You are very new to all this private parking speculative invoice game you have very quickly taken it upon yourself to be all over this forum, now to the extent of moving away from your initial thread with your own issue that you knew little about handling to littering the forum and posting on numerous established and existing threads, where advice has already been given or a conclusion has already resulted, with your theories conclusions and observations which of course are very welcomed. BUT... in some instances, like this one...you dont quite match the advice that the forum and it's members have gathered over a very long consensual period given in a tried and trusted consistent mannered thoughtful approach. one could even call it forum hi-jacking and that is becoming somewhat worrying . dx
    • Yeah, sorry, that's what I meant .... I said DCBL because I was reading a few threads about them discontinuing claims and getting spanked in court! Meant  YOU  Highview !!!  🖕 The more I read this forum and the more I engage with it's incredible users, the more I learn and the more my knowledge expands. If my case gets to court, the Judge will dismiss it after I utter my first sentence, and you DCBL and Highview don't even know why .... OMG! .... So excited to get to court!
    • Yep, I read that and thought about trying to find out what the consideration and grace period is at Riverside but not sure I can. I know they say "You must tell us the specific consideration/grace period at a site if our compliance team or our agents ask what it is"  but I doubt they would disclose it to the public, maybe I should have asked in my CPR 31.14 letter? Yes, I think I can get rid of 5 minutes. I am also going to include a point about BPA CoP: 13.2 The reference to a consideration period in 13.1 shall not apply where a parking event takes place. I think that is Deception .... They giveth with one hand and taketh away with the other! One other point to note, the more I read, the more I study, the more proficient I feel I am becoming in this area. Make no mistake DBCL if you are reading this, when I win in court, if I have the grounds to make any claims against you, such as breach of GDPR, I shall be doing so.
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like
  • Recommended Topics

Welcome Finance - This company needs to be banned.


tightbum
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4550 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

  • Replies 9.6k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

Dizzle

 

Check the agreements carefully. You say the refinced loan has no insurance on it but I bet you are still paying the premium fom the original PPI

 

What should we be looking for? :???: I have tried to obtain information as to how the figure for re-written loan agreement was arrived at but to no avail! :Cry:

 

grateful for any information

Link to post
Share on other sites

Slowly Welcome is going under. Would be useful to know how many staff and branches are left as well as the size of their loan book.

 

I'm an recently ex-employee, with plenty of friends still there to keep me updated. I don't hate them, but certainly would never have been dumb enough to take a loan with them. Here's the skinny.

 

130-150 branches still....the ones who collect the hardest. Another 24-30 months is still being given as the time scales to WFS closure...RBS wants as much money back as it possibly can and is still fully backing their continued and intensified collections operations.

 

While permenant branch staff are being culled and branches shut, the accounts are being transferred to the CCU in Nottingham....a massive growing operation staffed by a combination of dwindling ex-sales staff, fixed term workers and a never ending supply of agency temps. To give you an idea of the scale, it is nearly three times as big staff-wise than the sales department at it's peak. Big bonus carrots for who collects the most money back, New York trips..the works. While branches have gone, staffing levels for the moment have INCREASED.

 

Your friendly neighbourhood Lewis Group are are not folding like WFS, and most likely will get sold on complete with a big wodge of the WFS debts that extend far beyond the 2 year timescale, and will be running the accounts for a long while after WFS is gone. New pilot has been launched this week, to take a bigger share of back-end (skips, hardcore non-payers) delinquents, with WFS and TLG for the first time working very closely in terms of staffing. This is to free up the regular staff to intensify front-end (easy to collect) collections for the closed branches.

 

A they also sold a load of debts to a company called MKDP aka Tradepro a couple of months back. This is a real 3rd party sale, not just a sister company like TLG...if your account is with them WFS staff won't talk to you aside from giving you the number.

 

Tens of thousands of default notices are going out every month now...and the tolerance level is rapidly decreasing in terms of how many months arrears will trigger one. 3 months arrs on an HP and it's hello Mr Uplift man if you under 1/3s.

 

The good news for you is that WFS can't even be bothered contesting PPi claims anymore (apart from the thousands of claims from customers who didn't even get it sold to them!)...£500 quid fines per case from the Fuzz...sorry..FOS have made even legitimate PPi sales financially unviable to challenge.

 

Pip pip...til my next update.

Link to post
Share on other sites

I'm an recently ex-employee, with plenty of friends still there to keep me updated. I don't hate them, but certainly would never have been dumb enough to take a loan with them. Here's the skinny.

 

........

 

Tens of thousands (wow, really? are there any non-delinquent accounts left?) of default notices are going out every month now...and the tolerance level is rapidly decreasing in terms of how many months arrears will trigger one. 3 months arrs on an HP and it's hello Mr Uplift man if you under 1/3s.

 

The good news for you is that WFS can't even be bothered contesting PPi claims anymore (apart from the thousands of claims from customers who didn't even get it sold to them!)...£500 quid fines per case from the Fuzz...sorry..FOS have made even legitimate PPi sales financially unviable to challenge.

 

Pip pip...til my next update.

 

Nice to see an ex Welcome employee making a balanced, and helpful post on here. Thank you.

 

I'm not adverse to paying back *some* money to them- I did take a loan out, so of course, I should repay. However £2500 has turned into nearly £5000 in less than 2 years. Due to long term unemployment I'm now 6 months in arrears, but still no default notice. I made an offer to pay £2 a week whilst I am on benefits, which appeared to suit them for a while, but now they've stopped cashing my cheques so I have stopped sending them. I wrote a letter 6 weeks ago and am waiting for a response before moving forward with them. I can only assume the delay is down to their restructuring.

 

If I claimed back PPI on the original loan, would the amount due be offset against the arrears of the refinanced loan? (Not a horrible thing to happen, it might give me some breathing space!)

 

Gandalf- can you shed any light on why WFS are not reporting to Credit Reference Agencies for quite a few customers? Especially those with refinanced loans? Cheers.

Link to post
Share on other sites

Excellent Gandalf & thanks your insight is most welcome (no pun intended) It also explians why a non defaulting customer should be phoned & it be 'suggested' that they might like to increase their payment by £100 per month "cos if you pay it off sooner you'll pay less interest" doh!:rolleyes:

Link to post
Share on other sites

The lender Cattles has revealed that it recorded losses of £745 million in 2008, £190 million more than its first estimate, after absorbing a bad debt charge.

 

 

well then, that took two years to get released, nothing new though

 

now whats this absorbing a bad debt charge

 

new one on me that, ime surprised ive not come into that bit of news

 

now who owns this bad debt

 

lewis

cl finance

 

any takers or is it just

 

CREATIVE ACOUNTING AGAIN

 

MAKE YOUR OWN MIND UP

Link to post
Share on other sites

So does that mean you can put your account into dispute until they send you the copy of the underwriting sheet?
No - it is only in dispute (IMHO) if they have failed to comply with a s77 request
What should we be looking for?
What you should be looing for is the amount of the loan. I suspect you will find that the loan amount is inconsistent with it just covering the remains of the original loan amount. It will almost certainly contain the remains of the PPI (or other insurance policy) premium(s) too.

 

 

Link to post
Share on other sites

Hi Guys,

 

Im just looking for a bit of advice. I took out a loan with welcome when I was a student and I've been paying it off for the last wee while.

 

My credit rating was pretty bad at the time but , never missed a payment etc.

 

Just had a call from them today and the bloke basically suggested I go get a loan elsewhere at a much lower APR to clear my debt. It just struck me as odd that they would do this and reading on this site I can see the company is having trouble.

 

Im not sure how things work when a company like this winds up - Are they just trying to get me to settle before they have to write it off?

 

Is it that my loan agreement is invalid (as some people talked about above) and I should try and get it voided?

 

Whats my next move??

 

 

Thanks in anticipation of any help!

Link to post
Share on other sites

What should we be looking for? :???: I have tried to obtain information as to how the figure for re-written loan agreement was arrived at but to no avail! :Cry:

 

grateful for any information

 

 

i too have been trying to get this information off them but no joy,i got a call today offering to reduce my payments as long as i set up a direct debit

Link to post
Share on other sites

What should we be looking for?
Pears

 

If you would like to PM me with the following information, I will tell you what I think the refinanced loan amount should be:

 

Amount of first loan

Amount of PPI and other insurance premiums (if any)

Number of repayments

Monthly repayment amount

Date loan was taken out

Date loan was refinanced

 

Steven

 

 

Link to post
Share on other sites

Pears

 

If you would like to PM me with the following information, I will tell you what I think the refinanced loan amount should be:

 

Amount of first loan

Amount of PPI and other insurance premiums (if any)

Number of repayments

Monthly repayment amount

Date loan was taken out

Date loan was refinanced

 

Steven

 

 

i,ll dig all the information out and send it to you.

i know how busy you guys are but do you mind if i pm you with a question regaurding my account with welcome i dont want to post it on here to pre warn them

Link to post
Share on other sites

After todays news regarding Cattles I am amazed they are allowed to carry on trading at all...It seems they are allowed to do whatever they like regardless.

Utter shambles and with RBS being owned by us it is a disgrace.

This lot are clearly allowed to get away with murder in the financial business it seems without punishment !!!!!!

Link to post
Share on other sites

Pears

 

If you would like to PM me with the following information, I will tell you what I think the refinanced loan amount should be:

 

Amount of first loan

Amount of PPI and other insurance premiums (if any)

Number of repayments

Monthly repayment amount

Date loan was taken out

Date loan was refinanced

 

Steven

 

will do, thanks. In info also on my thread............

 

http://www.consumeractiongroup.co.uk/forum/welcome-finance/226802-welcome-finance-misols-insurances.html

 

cheers

Link to post
Share on other sites

After todays news regarding Cattles I am amazed they are allowed to carry on trading at all...It seems they are allowed to do whatever they like regardless.

Utter shambles and with RBS being owned by us it is a disgrace.

This lot are clearly allowed to get away with murder in the financial business it seems without punishment !!!!!!

 

 

What I missed PWG??

I am a consumer just like you, please get a second opinion or investigate yourself on anything I advise as I am in no way legally trained. Everything I know has come from the Mighty CAG and fellow CAGGERS. :cool:

 

If I have helped in any way please click my reputation star and make a donation to CAG to enable us all to continue to help each other :cool:

Link to post
Share on other sites

pwg, my understanding of this is that the bulk of Welcome's loans were probably short term. 2, 3 maybe 4 years, car loans and personal loans. Since they stopped lending in 2009 that means these loans will have run their normal course by 2012/2013. Therefore it is Welcome's intention to collect these loans over the normal course of their life.

 

As for those of us who have longer term loans (I guess most probably secured loans), we will most probably find ourselves with someone else owning the loan, and we will have to make our payments (or not!) to them.

 

For those loans where there is some sort of dispute Welcome will have 2 options really. The first is to agree to write them off. The second would be to sell them to companies that are prepared to buy them, the latter being aware of the problems they are likely to be inheriting. It will be their call as to whether they think they will be able to collect enough money to make a profit on their purchase. You may think that is unlikely, however there are many more non-CAGgers than CAGgers in this country, and they would probably only have to collect 20% (maybe less) of the book value of the loans they purchased to make that profit.

Link to post
Share on other sites

The second would be to sell them to companies that are prepared to buy them, the latter being aware of the problems they are likely to be inheriting.
I seriously doubt that!

 

 

Link to post
Share on other sites

Welcome to Cattles plc

 

 

 

 

We are a financial services group operating in the UK non-standard consumer credit and debt recovery markets.

 

 

Important information On 12th May 2010, we announced our financial results for the year ended 31 December 2008. However, trading in Cattles shares on the London Stock Exchange is still suspended.

It is likely that shares will remain suspended until our 2009 accounts have been audited and signed off and any restructuring agreed with our lenders. However, even then, they are likely to have little or no value.

Link to post
Share on other sites

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4550 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...