Welcome Finance secured loan - sold to coast now resale to swift advances!!

[razorc]

Good to hear would you know how I could word a letter to them

 

Also see how I got the ppi insurance took off, wouldn't that make the agreement unenforceable now as they tried to get me to sign a new agreement with ppi not encluded on it

 

 

I have a letter which states the ppi is took off the loan

[postggj]

check back tomorow evening and ill post one up

[razorc]

thanks for your time

[razorc]

evening postggj

 

any luck with finding out anymore on the MIF

 

Thanks

[postggj]

Hi Razor

 

Biz Dat Today

 

Welcome Have Now Gone Tits Up And Its About Time

 

Hang On For A Few Days As Notingham May Not Exsist Any More

[razorc]

woohoo , is there a link to it online

 

cheers

[postggj]

http://www.consumeractiongroup.co.uk/forum/welcome-finance/238503-welcome-now-officially-dead.html

[razorc]

hi postggj , hope your recovering , any news what can be done about the MiF ,

 

also checked my credit file and welcome are on it as a mortgage

 

Account type:Mortgage - unspecified

shouldnt it be a loan

 

any help would be great

 

merry christmas all

 

bump

[postggj]

razorc

 

have you sent a complaint to welcome about this mif

 

the ones ive seen so far are bs

 

just saying it protects the lender etc

 

they are rather shy on details about its legality

[razorc]

good evening postggj , is there a template letter for it as am not very good at wording these things lol ,

[postggj]

give me an hour and ill knock one up for you:)

[razorc]

give me an hour and ill knock one up for you:)

 

thank you ever so much postggj

 

and merry christmas to you

[postggj]

Razorc

Xxx

Xxx

Welcome financial services

Compliance

Rudington fields Business Park

Ruddington

Nottingham

Ng11 6nz

 

Date

 

Agreement number

 

(Compliance) elevated complaints

 

Dear sir/madam

 

I am writing to you in regards to my secured loan with your company.

After having an independent audit done on my agreement, it appears MORTAGE INDEMNITY FEE has been included on the agreement.

This is a surprise as by name, it states mortgage. I do not have a mortgage with your company, I have a secured loan.

The definition of a mortgage would be a second charge on my property. A mortgage is classed as a charge for a loan over twenty five thousand pounds.

My loan is for five thousand pounds.

The mortgage indemnity fee has been charged at five hundred and fifty pounds.

This is below twenty five thousand so is classed as a secured loan. And as such is regulated by the consumer credit act 1974.

Mortgage indemnity fee is also charged at loan to value 75 %

 

I now move onto the mortgage indemnity fee being a charge for credit.

As you are aware, any charge for credit has to have no interest charged against it.

Interest is being paid on this charge for credit.

 

SUMMARY

 

TO RESOLVE MY COMPLAINT I REQUIRE A FULL AND FINAL RESPONSE TO MY QUESTIONS GIVING ME THE OPTION TO EITHER USE THE FINANCIAL OMBUDSMAN OR LITIGATION THROUGH THE COUNTY COURT

I REQUIRE

1/ AN EXPLANATION ON WHAT LEGISLATION YOU ARE USING TO INCLUDE MORTAGE INDEMNITY FEE ON A SECURED LOAN AND NOT A MORTAGE.

2/ AN EXPLANATION ON WHAT LEGISLATION YOU ARE USING AS TO CHARGING INTEREST ON A CHARGE FOR CREDIT

3/ AN EXPLANATION AS TO WHY ON MY CREDIT FILE THE LOAN HAS BEEN CLASSED AS A MORTAGE AND NOT A LOAN

4/ it is my contention that the agreement is infect unenforceable and require an in-depth response to reject my assertion

 

In your answer to my questions I have included the following from the office of fair trading

 

"For the purposes of considering whether a company is fit to hold a consumer credit licence, the OFT can take into account any practices which we consider to be oppressive, misleading or improper, whether they are unlawful or not," an OFT official said.

 

The OFT's draft guidance says: "No communications or requests for payment should in any way threaten court action or other enforcement of the debt where the creditor or owner is aware that it cannot and will not be entitled so to enforce the agreement."

 

"The creditor or owner should make it clear in communications to the debtor that the debt is in fact unenforceable," it adds.

 

The guidance goes on to warn that: "To mislead debtors into making payment may in certain circumstances amount to an unfair commercial practice under the Consumer Protection from Unfair Trading Regulations 2008."

 

I AWAIT YOUR RESPONSE

 

XXXXXX

 

 

THATS MY INTERPETATION ON THE SITUATION

 

ITS A TEMPLATE TO USE OR PLAY ABOUT WITH BY CUT AND PASTE

 

SEND ME A PM WHEN YOU GET A REPLY

[razorc]

wooo , sounds a well worded letter , will get it printed out and sent in a christmas card to them lol , thank you once again for your valued time in writing this for me

 

 

will let you know the outcome once they get it dropping on there desk

[postggj]

put it through the grammer and spell checker

 

good luck

[razorc]

will do , cheers:)

[razorc]

evening postggj , letter getting sent tommorrow to welcome , will let you know the outcome

 

[postggj]

looking forward to the reply

[razorc]

Good afternoon postggj and all ,

 

well I phoned up land registry scotland and WF are on it as second charge dated 2003.

 

does this help me any or this worse

[postggj]

No Probss Razorc

 

Lets See What Response Welcome Give To Your Letter First

[razorc]

fingers crossed , well it should be hitting there desk soon the letter

[postggj]

Lets See Them Do The Corporate Sensativity Crap On That Direct Letter

[razorc]

Lets See Them Do The Corporate Sensativity Crap On That Direct Letter

 

 

whats that mean then , they ignore it lol

[postggj]

Up To Now Welcome Have Been Very Good At Evading My Questions

 

Getting A Straight Answer Is The Best Way I Can Describe It

 

They Cant Ignore The Complaint As Its Done Under There Complaints Procedure

 

 

They Are Starting To Run Out Of Excuses Now

[razorc]

Morning , received a letter from lewis debt recovery today ,

 

was a reply to a letter a sent them couple of weeks ago about our account with welcome complaining ,

 

it reads

 

RE : Welcome Financial Services LTD - £0.00

 

We refer to previious communications in this matter

 

We refer to your recent letter in which you have advised us that you have an outstanding dispute with our client.

 

Unfortunately, we were unable of your dispute and as it relates to matter we are unable to answer , we have now closed our files

 

We trust this is satisfactory

 

Yours faithfully

 

Katherine Davis

Collections Department