Jump to content


Welcome's unwelcome settlement offer?


lillymay34
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5502 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

Hi all

 

hope someone can help? I am not getting anywhere with Welcome.

1st we took a car laon out with the wonderful Welcome Finance 31st December 2007, 1st payment went out that date.

 

The breakdown is as follows:

 

AMOUNT OF CREDIT FOR THE GOODS M-R 1795.00

AMOUNT OF CREDIT FOR THE INSURANCE N 0.00

TOTAL AMOUNT OF CREDIT A+B 1795.00

 

DURATION OF AGREEMENT 42 MONTHS

 

TOTAL AMOUNT FOR GOODS A+R+V 4113.38

TOTAL AMOUNT PAYABLE FOR THE INSURANCES N+W 0.00

TOTAL AMOUNT PAYABLE D+E 4113.38

 

THIS WAS MADE UP OF 42 MONTHLY PAYMENTS OF £78.89

 

APR IS

SHOWING AS 48.2% (THAT HURTS)

 

OTHER FINANCIAL INFO ON THE PAPER WORK IS

 

CASH PRICE FOR GOODS £2,495.00

DEPOSIT PART EX 700.00

 

ACCEPTANCE FEE 195.00

FINANCE CHARGES FOR GOODS 1323.38

OPTION FEE ???(HAVE NOT GOT A CLUE WHAT THIS IS) 100.00

 

CHARGE FOR CREDIT FOR GOODS 1618.38

 

TOTAL CHARGE FOR CREDIT 1618.38

RATE OF INTEREST ON CREDIT 19%

 

My settlement figure came back as still owing £2447.72

rebate for acceptance fee and credit charges was £74.64

 

rebate of PPI £0.00 we did not have this

 

rebate of interest to settlement date £514.28

 

settlement figure we pay = £1858.80

 

I am at a loss we have made 17 payment in full not missed 1 payment, can someone please help me with this, is this the amount we owe them?

 

we really need to change the car within 6 weeks, but this figure is so high the car is only worth £1000

 

can someone advise

 

also the settlement letter came headed as follwos:

 

CONSUMER CREDIT ACT 1974 SETTLEMENT STATEMENT PERSUANT TO SECTION 97???????

Link to post
Share on other sites

Welcome To The Wonderful World Of Finance Agreements Acording To Welcome

 

As A New Poster You Need To Get The Hang Of Photo Bucket To Upload Docs

 

Scan The Agreement Into Your Pc

Google Photobucket And Upload The Agreement

 

Then Use The Post For Messagae Boards Link With Out Thumbnails To Post The Docs Onto Your Thread

 

Deleate All Personel Details But Leave In The Figures

 

Its The Only Way To Decode The Agreements Ime Afraid

 

And Excuse The Pun

 

Welcome To Cag

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...