Welcome Finance - This company needs to be banned.

[Finito]

Thanks Steve

 

I have never actually heard of the unfair terms legislation, it sounds good on the outside, I wonder if it delivers and what it does for the consumer who genuinely needs finance and has difficulty getting it? If I hadn't taken on a welcome finance loan I potentially would have been left jobless....then where would I be?

 

You say I can get my premiums back? I would certainly like to investigate if you could tell me where to look....

 

Welcome Finance went out of business? ....that's karma at work....lol....

 

Oh and some tips where not to go would be great as I really do need to think of car replacement before I end up having to walk 6 miles to work and 6 miles back home again every day....I simply wouldn't have the energy these days.

 

Thanks for the answers so far.

[steven4064]

Finito

 

I suggest you start your own thread in this forum - Payment Protection Insurance (PPI) - The Consumer Forums

 

People will then be along to help you

[edwi69]

HI ALL

ANOTHER LITTLE READ

 

Cattles PLC - Order of the Supreme Court

 

Cattles PLC

28 July 2010

28 July 2010

Cattles plc - Order of the Supreme Court

On 13 May 2010, the Court of Appeal unanimously upheld the decision of the High Court on the application of Cattles plc (the "Company") to seek a determination in relation to whether the terms contained within certain cross-guarantee documentation operate to subordinate the Company's claims against its subsidiaries, including Welcome Financial Services Limited, to the claims of certain bank creditors, as explained in the announcement of the Company on 13 May 2010.

Following the order of the Court of Appeal, Party A applied to the Supreme Court for permission to appeal the Court of Appeal's decision.

The Company has today been notified that, on 26 July 2010, the Supreme Court ordered that permission to appeal the Court of Appeal's decision be refused because the application to appeal "does not raise an arguable point of law of general public importance which ought to be considered by the Supreme Court at this time, bearing in mind that the case has already been the subject of judicial decision and reviewed on appeal".

Consequently, the application of the Company has been finally determined to the effect that the Company's claims against its subsidiaries are subordinated to the claims of certain bank creditors.

ENDS

 

For further information:

Margaret Young, Chairman, Cattles plc 020 7269 7252

Geoffrey Pelham-Lane/Paul Marriott, Financial Dynamics

[traz39]

whats all this mean then:cool:

[edwi69]

AND ANOTHER

 

Cattles had hoped to offer Utopia to public - Business News, Business - The Independent

[steven4064]

whats all this mean then:cool:

It means they are stuffed

[traz39]

what about my loan will it carry on with someone else they sent me amessage tellin me make sure the money was in my bank on the due date i have never missed a payment

[beyondhope]

The value of the group's loan book is now practically worthless, with the creditors expecting to wind the business down in the next two or three years when the few performing loans have been repaid.

 

 

I love it

[beyondhope]

what about my loan will it carry on with someone else they sent me amessage tellin me make sure the money was in my bank on the due date i have never missed a payment

 

 

If they sell it then yes it will be collected by someone else how long do you have left?

[traz39]

last payment dec next year

[Voda]

Hi everyone,

 

I have prepared my SAR to Welcome and do you think that this final version is OK as I don't want them being able to get away with not providing all the information I require :idea:

 

 

 

 

WELCOME FINANCIAL SERVICES LTD

COMPLIANCE DEPT

RUDDINGTON FIELDS BUSINESS PARK

RUDDINGTON

NOTTINGHAM

NG11 6NZ

 

July 30th 2010

 

 

 

 

 

 

Data Protection Act 1998

 

 

 

Subject access request

 

 

 

ACCOUNT NUMBERS: XXXXXXX & XXXXXXX

 

 

 

 

Dear Sir/Madam,

 

Please supply me with copies of all the data which you hold on me in relation to any matter and in any form and for any period of time.

 

Please note that I require disclosure of any personal data which you hold on me for the entire period of my dealings with you.

 

The Subject Access is not limited to my transaction history and it is not limited merely to 6 years of historical information.

 

Additionally, where there has been any event in my account history over this period which has required manual intervention by any member of your staff, or any other person, I require disclosure of any indication or notes which have either caused or resulted in that manual intervention, or other evidence of that manual intervention in relation to my financial business with you.

 

I require all information on details of all insurance products supplied by Welcome Financial Services. This is to include the statement of means, statement of price, details of all insurance premium tax paid, and underwriting sheets.

 

If you are unable to supply this data because there has been no such manual intervention, then please be so kind as to confirm this in your response.

 

I enclose the statutory maximum fee of £10. You have 40 days in which to comply. Furthermore, if I discover that you have levied disproportionate penalties or charges which are invalid under the Unfair Terms in Consumer Contracts Regulations against me, then I shall be reclaiming them together with any interest charges which you have levied on them.

 

To sum up, apart from all the data which you hold on me in relation to any matter and in any form and for any period of time, I require:

 

1) Readable copies of my two loan agreements – Account nos: XXXXXXX & XXXXXXX

 

2) Copies of the Underwriting Sheet relating to my first loan agreement ( Account no: XXXXXXX )

 

3) Copies of all statements for both loans – Account nos: XXXXXXX & XXXXXX

 

4) Copies of all phone call notes

 

If there is specific information which you require in order to satisfy yourself as to my identity, please let me know by return. However, please note that the below address is the one which you normally use to communicate my private business to me and which you have hitherto found to be acceptable.

 

I would be happy to collect the Data from my local branch.

 

 

Yours faithfully,

 

 

 

X

 

 

My address

 

 

 

Evening Caggers,

 

Just a thought regarding my SAR which I will post to WF early next week.

 

By asking for the Underwriting Sheets ( to find out about undisclosed commissions ) can't they conveniently lose the damning evidence :idea:

 

Voda

[dx100uk]

if you have not got copies of all agreements add that in too.

 

dx

[violet.o]

hi can anyone help me please:)

pop in on my note if you can do: http://www.consumeractiongroup.co.uk/forum/welcome-finance/269909-welcome-finance-loan-advice.html

[Voda]

Morning dx

 

:confused:

 

I thought that I added that paragraph in !!!

 

See: 1) Readable copies of my two loan agreements – Account nos: XXXXXXX & XXXXXXX

 

 

or do you mean that I should also add to the SAR letter copies of all agreements ( as I have had other loans prior to the two in question that I am querying )

 

Cheers

 

Voda

 

 

if you have not got copies of all agreements add that in too.

 

dx

[dx100uk]

quite honstly i wouldn't trust them as far as i could kick them

 

i've read several threads where once the SAR has returned, customers have found additional agreements were done by welcome when they 'asked for lower payments' etc etc.

 

put your known numbers in AND include a line about and any other agreements under my name etc.

also make SURE you include any old addresses that you might have lived at in your time with them.

 

dx

[Voda]

Thank you so much dx.

 

You and other members on this awesome forum are just fantabulous.

 

Have a great day.....

 

Voda

 

PS. I will keep you all posted as developments occur.

 

quite honstly i wouldn't trust them as far as i could kick them

 

i've read several threads where once the SAR has returned, customers have found additional agreements were done by welcome when they 'asked for lower payments' etc etc.

 

put your known numbers in AND include a line about and any other agreements under my name etc.

also make SURE you include any old addresses that you might have lived at in your time with them.

 

dx

[scoffa]

Hi all,

 

Sorry to barge in, but please can someone advise me on my thread (Please can you help with Welcome!!!).........I'm desperate to get this mess sorted out.

 

My thanks and appreciation

[steven4064]

put your known numbers in AND include a line about and any other agreements under my name etc.

also make SURE you include any old addresses that you might have lived at in your time with them.

and, if there were any insurance policies included, ask for the underwriting sheet

[Voda]

Hi Steven,

 

I have modified this sentence on my SAR letter.

 

2) Copies of the Underwriting Sheet relating to my first loan agreement ( Account no: XXXXXXX )

 

to now read ( as it's more specific ):

 

2) Copies of the Underwriting Sheet relating to my loan agreement referred to above ( Account no: XXXXXXX )

 

Do you mean I should also add another paragraph saying:

 

Copy of the Underwriting Sheet relating to the Insurance Policy relating to my loan agreement ( Account no: XXXXXXX )

 

Oh yes, should I sign the SAR using my usual signature or just print my name in capitals.

 

Gotta get this right as I am sure you will all appreciate.

 

Thanks again

 

Voda

 

 

and, if there were any insurance policies included, ask for the underwriting sheet

[steven4064]

I think you should make it clear that the underwriting sheet relates to the insurance policies on the agreement.

 

It doesn't matter about signing a SAR (te issue wit signatures is on CCA requests)

[Voda]

Hi Steven,

 

Thank you so much.

 

Therefore I will say:

 

2) Copies of the Underwriting Sheet that relate to the Insurance Policies on my loan agreement referred to above ( Account no: XXXXXXX )

 

I will sign the SAR then.

 

Yep I remember the scandal of WF staff forging signatures ....

 

Cheers

 

Voda

[BEBOBEBO]

Saw this on Cattles Discussion are the Nails in the Coffin slowing going in....

 

Cattles plc - Order of the Supreme Court

On 13 May 2010, the Court of Appeal unanimously upheld the decision of the High Court on the application of Cattles plc (the "Company") to seek a determination in relation to whether the terms contained within certain cross-guarantee documentation operate to subordinate the Company's claims against its subsidiaries, including Welcome Financial Services Limited, to the claims of certain bank creditors, as explained in the announcement of the Company on 13 May 2010.

Following the order of the Court of Appeal, Party A applied to the Supreme Court for permission to appeal the Court of Appeal's decision.

The Company has today been notified that, on 26 July 2010, the Supreme Court ordered that permission to appeal the Court of Appeal's decision be refused because the application to appeal "does not raise an arguable point of law of general public importance which ought to be considered by the Supreme Court at this time, bearing in mind that the case has already been the subject of judicial decision and reviewed on appeal".

Consequently, the application of the Company has been finally determined to the effect that the Company's claims against its subsidiaries are subordinated to the claims of certain bank creditors.

[Voda]

Sure appears that way because as I read it, RBS have first call on any monies.

[steven4064]

RBS have first call on any monies that Welcome have to pay Welcome's debts. Therefore Cattles can't use it to pay theirs.

[kittiej]

http://www.consumeractiongroup.co.uk/forum/payment-protection-insurance-ppi/270776-letter-ppi-compensation-welcome.html

 

Would someone be able to look at my agreements re my claim and offer of compensation for mis-sold PPI with Welcome.

 

Thanks