Double standards, they should die by their own sword.

cheers Ell, I'll get it off today and keep you informed.

Hi Ell, I hope I'm not being stupid here but I don't think I could edit it correctly to make it correct to send to them. sorry for being stupid.

Ell, they did respond regards the complaint, they just didn't respond regards the last letter I sent from this thread offering them payment, of which I sent to that person in S****horpe 3 times, the response to my complaints was basically to contact this person in S****horpe.

nudge

Nudge for Ell if she's about?

Cheers bud

post, do you have a copy of a letter I could send them?

Latest update, I sent the letter that you did for me Ell to them 3 times and they never responded once, I put this down to them hopefully going bust, today I get a letter from Lewis debt recovery (these are also owned by cattles I think) saying final demand, yada yada yada, its the first letter they've sent me. Am I correct in thinking that welcome finance by law should have informed me that the lewis debt management were now dealing with my account, also do you think I should cca them. or what do you advise me to do as my next step, your help is very much appreciated.

That's no excuse.

This threads gone rather quite.

dca = Debt collection agency cca = Consumer credit agreement.

Totally agree Sol, I laughed very loudly when I heard they'd lost their jobs, what goes around comes around, I hope whoever they owe money too treats them like ****.

I'm sure they'd believe us if we said that wouldn't they, lieing gits.

Shares currenty 3.42

I'd rather they'd be shot down dead.

I knew they'd survive.

Sub-prime mortgage lender's bondholders set to lose £650m Investment bank hired to help recoup money held in Cattles' mountain of bad debts Bondholders in Cattles, the embattled sub-prime lender, could end up losing more than £650m that they are owed by the business. The West Yorkshire-based company has struggled following allegations of financial irregularities that have resulted in the suspensions of several executives, including finance director James Corr and chief operating officer Ian Cummine. Bondholders are owed £750m in total, which is due to be repaid in 2014 and 2017. A source close to a leading bondholder said they would be lucky to get "12p in the pound" once the business has been restructured. Cattles' bonds are believed to be currently worth about 6p. The source added: "Of course the real result would be to get all of the money back, but everything's relative. Getting 12p in the pound back would be doing pretty well." Close Brothers, the investment bank, has been hired by the bondholders to help them get as much money as possible. On 17 March, Cattles told the London Stock Exchange that it had "held an initial, informal meeting with certain of its bondholders". Close Brothers has been hired since that meeting. Cattles has a total debt pile of about £2.4bn, with £500m due to be refinanced in July. Chief executive David Postings is seeking to waive loan covenants, or tests, which he believes the company might have breached. Royal Bank of Scotland, which heads a 22-bank consortium that lent to Cattles, is believed to be owed up to £500m. Other banks in the consortium are thought to include Barclays and HSBC. Problems in the company's Welcome Financial Services have badly hurt the lender, and Mr Postings has now taken direct control of that division. Deloitte, the company's auditor, and Freshfields, its lawyer, are conducting a "forensic review" of Welcome Financial Services, as management believes there have been accounting failures. This has led to a delay in the announcement of the company's 2008 results. Cattles has already announced two profit warnings, on 20 February and 10 March, as it has started to unravel more and more bad loans that it has issued in the sub-prime market. The market had been expecting pre-tax profits to be around £170m. This form of sub-prime mortgage has been widely blamed for causing the credit crunch that has now turned into a global recession. Sub-prime lending involves offering mortgages to low-income earners who would struggle to raise the money anywhere else. Due to their precarious financial positions, many of these borrowers are unable to make their payments. Th repayments are often collected directly from the customer's doorstep. Shares in Cattles closed at 3.75p on Friday, down from 255.5p last April.

As I lost my job and was trying to agree with welcome to pay them what I can afford do you think an offer of "12 pence in the pound" will be fine with them, considering this is fine with them regards the debts they owe, neither them nor me can afford to pay back the money we owe so it should be fine I guess? What do you think will happen with my debt if they just restructure, would it still be owed to the same people or a more nicer bunch with more understanding and morals?

Yes it's because they know the agreement is worthless, why else would they do it.

No doubt nothing SADLY.

He's got a lot of free time at the moment.

postggj, what is your favourite newspaper?

Not a good idea, it opens a hornets nest of dca's.

progressive financial services are still under the cattles group though aren't they, so them too will be going tits up surely?