Interesting...... I've had a PPI claim against Welcome - passed to FOS in August 2008. Just today had a call from FOS going over the details to get the ball rolling.... hmmmm

signed

Sent to Gordon: Although not entirely shocked by the result I find it astonishing that it has taken over 2 years for the most senior legal minds in the UK to come to this conclusion. This matter has been festering for to long and the government, and opposition parties have simply allowed it. Now to close the case on a technical argument, overturning 2 previous rulings, makes it impossible to have any faith in the law, law makers, government and financial institutions. I for one will be moving, as far as possible, back to a cash economy - I will not have my money used by crooks who feel it acceptable to steal £39 in exchange for a non-service. Also, along with many of the other 12 million who have been kicked in the teeth by this travesty, I find it impossible to even consider voting for a government who allows its employers (yes, that's us) to be regularly robbed and abused by the banks we have so kindly bailed out of trouble. Have a nice day.

Well, here it is. (Full ruling attached) I for one will be closing my Halifax account and going to a credit union. The Supreme Court may feel the need to protect the banks from justice, I don't. My bad - looks like wrong one was posted on SC site.....

That's naughty - they have to inform you prior to robbing you. I get a "letter" in my online banking telling me they will steal from me in x days, usually 21 I think. The letter is always within 2 days of whatever trivial thing they consider worthy of a £35 slap on the ass.

Damn, I need to sleep but it almost feels like XMas eve....

A bit of off the wall reporting on the case here: Please feel free to tear into the comments posted... (edit)

From Credit Today: Credit Today online Apologies if this has been posted elsewhere. T2

Assuming their Lordships agree with the OFT.... But the banks will still need to weigh up what, if any, benefit there will be in fighting on. Given their mathematical abilities I think they will see a benefit in paying councel 10's of millions to delay rather than returning 10's of billions to customers.

Hmm, "a government source" on BBC Breakfast suggests 2015 before we get a conclusion.

I have "lent" £3,700 to Halifax, now I want it back - plus interest

Yes, the product looks good - provided you are an existing Santander mortgage holder. Obviously, it would be nice to see this type of product without the strings attached, but where is the incentive for the banks to do that? From a market point of view, I hope Santander do well with it - the more people who switch away from the charging banks the more they will need to adjust to compete.

Of course - take a note of all points here, unfortunately a lot of police officers have minimal knowledge of the laws surrounding debt collection and/or bailiffs however they should, at least, ask him for ID and a warrant/court order regarding the alledged debt.

That is astonishing - especially the "CaseBook" section where they name people. I wonder if we should invite their victims to join CAG?

It wasn't RBS who took Cattles to court, Cattles took Welcome to court to decide whether bondholders or creditors take precedence. RBS are just trying to make sure they get their (fair - haha) share of the pie. T2

This mornings Cattles/Welcome news update: FT.com / Companies / Banks - RBS awaits court ruling on Cattles At least if RBS win customers will likely get a chunk of the cash back when the HOL deliver their verdict on bank charges..... (wishful thinking)

Well, the bell curve of calls has come to the end for this month. Day by day there were 2, 3, 5, 7, 7, 8, 6, 4, 3, 1 with the 1 being today. DD goes tomorrow, same as always. Don't suppose my answerphone message: "Unsolicited calls asking for money are very unWelcome" had much effect. Guess now its time to get all those call charges cancelled!

Hi Sweany, welcome to CAG! It is true that they are in trouble but it is too soon to say if or when they will go under. Cancelling the DD is a bad idea - as much as we would all love to - that would put you in default and give them the upper hand. They will chase every penny. And if (when) they finally do go under the debt will almost certainly be passed on to another company who will continue to chase. Do you have PPI or other forms of insurance with them? Do you have any arrears? Do you have a copy of your agreement and an up to date statement? Is yours a HP or other type of loan? Step one is to send out a CCA request, with £1 PO and no signature, by recorded delivery to the Ruddington (Compliance) address. They will have 14 working days to respond with a true copy of your CCA and a complete statement. T2

Bit more on the Welcome/Cattles court case. so a standstill has been agreed? FT.com / UK - Creditors await Cattles court outcome

First things first send a CCA request to Ruddington, enclosing £1 PO, do not sign it and send recorded. They have 14 working days (including posage) to respond with a true copy of the credit agreement and a complete statement. It may also be worth sending a SAR to ensure both agreements arrive, but hold off on that for the moment. You say you still owe approx £2,800, what do you base that on? You may well find the statement includes many, many charges - telephone calls and letters, default interest - they add up pretty quickly. Also, the rewrite will have been in their favour. I hope you wont, but suspect you will be shocked by the balance on the statement. In order to reposses without a court order you would need to have paid less than 1/3 of the total payable. After that they do need to go to court. Have you received a default notice? (Not a notice of default sums - that is something different). A default notice should be clearly marked as such. Where do you park your car? Is it on private propertry, garaged, etc? Di you have PPI, any other type of insurance taken out at the time? If so was that carried over or rebated on the new agreement? A lot of questions I know - but best to cover all the angles from the start. T2

1/3 of the total amount payable, then they need a court order.

Interesting article from this mornings Yorkshire Post: Law firm in threat to sue lender Cattles - Yorkshire Post

Hmmm, had no contact from Welcome since May, apart from sending my CCA. Have about £1k arrears and paid over 50% on a HP, but made arrangement to up the DD in May so all happy. Still paying to B***ers, as agreed. Now, had 1 missed call off 08455432550 on Tuesday, 2 yesterday and 3 today. No messages, no letters - just these calls. Wonder what they're after - of course, if they think they're charging me for them they can get stuffed!

Hmmm, hadn't seen post number 66 before - interesting, PMing Postggj.....