ccj to with welcome.now dispute

[stepwayne]

theres a link near the beginning of this thread somewhere. thanks ozzy

[stepwayne]

hi all, a thought just came to me. has anyone had an agreement deemed unenforcable with welcome yet in court. Or have welcome stopped before that stage, and not pursued the account. It just seems that everything i read is ongoing. am i correct in thinking post has had these over a barrel with an account he had with welcome?

[stepwayne]

Pictures by stepwayne - Photobucket.

link to my agreements ozzy. be grateful, thanks mate.

[ozzywizard]

No problem Wayne, is their a certain agreement you need checking first ?

[stepwayne]

theres two on there, all muddled up i'm afraid. not sure which post spotted. all it is is original agreement and a rewritten one. we have never signed any more. which come to think about it why do i have 4 account numbers on sar?

[stepwayne]

ozzywizzard, because of the fact we had a loan with welcome then borrowed some more, would that make the newest agreement more important to work first? thanks again

[ozzywizard]

Yuppers sure would, what is direct link to the newest agreement.

[stepwayne]

they are both put on photobucket. numbered in order, posted a link a couple of posts ago. thanks oz

[ozzywizard]

Okies I got it Wayne and having a look now. can you confirm APR is 44.40% sorry bad eyes lol.

[stepwayne]

just check

[stepwayne]

it is, now i'm a little worried as i think post went off original agreement. apr 32.2. which is more valid or do either matter or does one cancel the other out? god now i'm confused.

[ozzywizard]

Ok Wayne I will give my calculations to your loan, please get them double checked before using in court as I really am not that good with the figures and could be wrong.

 

 

Loan is for £4431.31 over 36 months at 44.40 % apr

 

monthly repayment of £206.29

interest £2,995.14

total payable £7,426.45

 

now we add insurance

 

insurance £1238.62 over 36 months at 44.40% apr

 

interest £837.18

monthly payment £57.66

total payable £2,075.80

 

add the loan interest and insurance interest to give £3832.32 then add acceptance fee of £75 to give a total £3907.32

 

£3907.32 + 4431.31 for loan + 1238.62 for insurance is total

9577.25 divide by 36 to give a monthly figure of £266.03.

 

welcomes total amount payable is £7430.76, this is way out so at end of loan you would of had shortfall of 2146.49.

 

Were did you get 32.2 from ?

[ozzywizard]

Oh I get you now, the first agrement is 32.2....... that is irrelevent to your second agreement even though it is a rewrite they are seperate on seperate levels of APR.

[stepwayne]

from the first agreement which is no.1 i think in list of 6 scans.

[stepwayne]

so is that good or bad oz? from what you worked out..told you i'm thick

[ozzywizard]

Just doing your first loan now. Its bad they got it wrong, its good now towards your court case .

[stepwayne]

thanks ozzy! really appreciate this. i'm not doubting post at all, just haven't got his reassurance at the moment. i didn't enjoy court and when i go next time i need to know and understand everything.

[ozzywizard]

Loan is for £3394.50 over 36 months at 32.20 % apr

 

monthly repayment of £140.85

interest £1,676.18

total payable £5,070.68

 

now we add insurance

 

insurance £924.35 over 36 months at 32.20% apr

 

interest £456.43

monthly payment £38.35

total payable £1,380.78

 

add the loan interest and insurance interest to give £2132.61 then add acceptance fee of £75 to give a total £2207.61

 

£2207.61 + 3394.50 for loan + 924.35 for insurance is total

6526.46 divide by 36 to give a monthly figure of 181.29.

 

welcomes total amount payable is £6457.68 so at end of loan you would of had shortfall of 68.78.

[ozzywizard]

No probs Wayne, I understand. as I said im no expert and my figures need checking as im learning also lol. if you do find anything wrong with my calcs please let me know so I learn from it but to my knowledge at the moment I believe im right.

[stepwayne]

to mean?(sorry..you forgot i'm thick.)

[stepwayne]

thanks oz, so does it look good in your eyes for me?

[ozzywizard]

It meens if my figures are correct then theres are clearly incorrect so you need to contend this as it will be your biggest tool.

[stepwayne]

thanks ozzy.got 3 weeks and a few days to get prepared. hopefully i will be. but i am concerned about my ability. what i want or have to say seems to come out in dribs and drabs. judge wasn't overly impressed last time.

[ozzywizard]

You will do fine Wayne, you may not be able to talk as good as all the legal heads from welcome but I am a true believer the truth will come out in the end and you do have the truth on your side.

[stepwayne]

cheers ozzy for the vote of confidence, and thanks for all your help.