incorrect info by welcome finance on credit report

[essexboy]

hi all

 

Going through my paperwork to follow ida in fife,s advice i have found a letter stating that welcome finance it department has managed to book my new agreement without the insurance on their system as per previous documentation signed and that i am not required to sign any more documents.

 

Having spent many many hours reading all the great advice by many cager's with far greater knowledge than i and not seeing this before i have decided to scan this letter to find out if this is possible

 

as far as i see it if the prescribed terms have changed then a new agreement is required to be signed, i smell a rat.

 

what do you all think

 

ESSEXBOY

[izools]

I dunno, it sais "As per the previous document signed".

 

Have Welcome confirmed the a/c number and a/c opening date of your existing account, and does it tie up with the Credit Agreement that you DID sign?

 

If they marked it as settled on your credit report then the data is inaccurate and can be disputed, but it doesn't render the account unenforceable if the a/c number and a/c start date remained the same as per what you've got on your signed agreement.

 

Remember that whilst you're witholding payment they will mark arrears on your credit report, and they are entitled to charge a "Fee" for "Returned Payments", this is a separate fee for "Late" payments and this might be charged additionally if the terms allow it.

 

Although chances are Welcome won't be able to substantiate anything won't get very far.

 

 

They are such a bunch of retards, I remember when my OH and I took out a joint welcome loan. My OH had two loans with them prior, one of which he fell into serious arrears on and later settled. When we took out the joint loan, they removed the data about his loans and arrears from his credit report and put it on mine!!!

 

The two accounts are still on my report, but Welcome removed the arrears. I figure I might as well not dispute it any further, they've put two settled, paid up, well run accounts on my report it all helps my score, eh!?

[postggj]

this is wrong , very wrong and ime glad you have this in writing.

 

you would have had to sign a new agreement minus the ppi.

how do you know you are not still paying for the ppi (hint)

 

they just cant redo an agreement, its a legal document.

 

WHAT WOULD HAVE HAPPENED IS THAT THEY WOULD HAVE CALLED YOU INTO THE LOCAL OFFICE AND PUT A NEW AGREEMENT INFRONT OF YOU MINUS THE PPI AND REQUEST YOU TO SIGN IT

 

ITS CALLED AN AGREEMENT TO MODIFY THE FIRST

 

DO YOU HAVE A UP TO DATE STATEMENT OF ACCOUNT

 

HAVE YOUCONTACTED DIRECT GROUP TO SEE IF THE PPI ETC IS STILL VALID

 

DO YOU HAVE THIS NEW AGREEMENT THAT WAS DONE IN JULY

 

SO MENY QUESTIONS BUT IME NOT HAPPY WITH THIS AND SMELL A RAT

[essexboy]

Thanks izools and postggi

 

great help as always, i shall try and answer your questions

 

I have had a new account number as the letter confirmed but no start date for this loan has ever been mentioned

 

i have a statement dated 07-01-2009 which begins with a 'disb transfer dated 29-0-2008, a day before the above mentioned letter and only has a few transactions the last being 02-01-2009

 

Also on this date an acceptance fee and mif? was applied to my account

 

despite my numerous request no cca or sar has materalised, received an intresting call yesterday from my account manager asking if i had received the requested documentation

 

he then informed me an incorrect payment was made to my account in febuary and has now been reversed and the balance of 100 pound has now increased to over 2ooo pound

 

really do not know what to do now, but advised him i was unhappy and would be contacting fsa, was not too shocked to hear that and said it would be the best option

 

Help

 

essexboy

[postggj]

essex boy

 

like i said

smell a big rat

 

so a balance of 100 quid has been reserved and the balance has increased to 2000

 

me thinks thats ppi being credited back into the account

 

 

NEXT STEP

 

WRITE TO THIS CRETIN AND REQUEST A BREAKDOWN OF WHY THIS ACCOUNT HAS BEEN INCREASED TO TWO GRAND

 

DEMAND A STATEMENT TO COVER THAT PERIOD

 

BEFORE AND AFTER THE TRANACTION

 

ME THINKS ITS ALL TO DO WITH PPI

 

NO WONDER HE WAS LESS THAN FORTHCOMMING

 

ITS COVERING THERE BACK THIS AND HOPING YOU WONT NOTICE

[postggj]

Has Essex Boy Been Paying For Ppi When It Was Cancelled And Welcome Thought

 

Better Put It Back On Before We Get Rumbled

[essexboy]

i thiink you are dead right postggi

 

as if a large payment was made in febuary surley the cretins would have queried it

 

any opinion as to what DISB transfer is and why would they add a acceptance fee /mif a year after the originl loan was signed for

 

i hope this helps with others fight and truly understand how theses people now work if it was not for this last loan being so mixed up i would have still used them

 

now i have asked for all information for all my previos accounts settled or still running as i believe as my previous accounts have virtually run themselves i am sur welcome have maximised ther profit

 

essexboy

[postggj]

Essex Boy

 

Please Confirm

 

The Last Loan, The One You Dubiouse On

 

Is It A Secured Loan

[essexboy]

hi postggi

 

No it is not

 

So i am prepared to see this through as i will not lose anything

 

essexboy

[essexboy]

Postggi

 

should i send a letter to my account manager re post #30 or head office

as neither show a willingness to be helpful

 

essexboy

[postggj]

Gotcha Welcome

Gotcha Welcome

 

Essex Boy

If This Is Not A Secured Loan

 

why Have You Been Charged Mortage Indemnity Fee

[essexboy]

Hi postggi

 

what is this

 

and what do i do now

 

this is way above my head and thank you for highlighting all this

 

essexboy

[essexboy]

hi

 

just to clarify i live in a housing associated premises and therfiore no error could be made by welcome unless they intended to defraud

 

essexboy

[postggj]

you said the f word essex boy

 

this is a clear case

 

no wonder they have been worried

 

do you have any paperwork for this loan

any agreement or statement

 

ime going to take the greatest pleasure of nailing them to the wall

 

kiss your debt goodby

 

its history

[essexboy]

hi postggi

 

i have numerous letters regarding this loan including, notice of variation to agreement and one notice of default sum after i withheld payments. I have all correspondence of all letters from myself and welcome regarding this complant and as i said i have this one statement with 16 transactions on

 

i applied for cca and sar on 30th dec 08 and was received and confirmed as being received on 05 jan 2009 and numerous letter requesting this info since

 

any good

 

essexboy

[postggj]

can you pm me the variation of the agreement

 

its took its time

you stuck at it and all it took was one word you mentioned

 

mif

 

good job i know what that is

 

its over now bar the shouting

[essexboy]

postggi

 

i have scan the variation of the agreement is this what you want as it only shows a change in payments returned unpaid

 

essexboy

[postggj]

leave this with me a few days essex boy

 

ill do a letter

 

what interest me is any official acknowledgement on the mortage indemnity fee

 

thats letters

anything

 

its the key

 

pm me all you got and any reference to this mif

[essexboy]

i will scan what i think is relevent but only the short statement referes to mif it does contain account number and dates

 

thanks postggi i appreciate all your help

 

essexboy

[postggj]

all thats left now is do you want your pound of flesh in one go or make them suffer

 

i want this to end quicky as welcome wont be around much longer

[postggj]

send me by pm essex boy

[essexboy]

all done postggi

[postggj]

Welcome Realy Are The Pitts

 

Ill Do A Knock Out Letter For You Tomorrow And Let See If They Can Explain A Few Things

 

You Noticed Also They Have Charged You Acceptance Fee

Whats Wrong With That You May Ask

 

Well All This Is Is An Agreement To Modify The First, You Have Allready Paid Acceptance Fee

 

So Another 75 Quid At The Lousy Apr Over The Term Of The Loan Equals A Nice Healthy Profit For Welcome

 

Sure Does Stink

 

Lets See Them Try And Explain This

[essexboy]

thanks postggi

 

Iam really grateful for your help and advice, do i need to do anything.

 

You mentioned contacting direct to see if the PPI had been cancelled

 

essexboy

[postggj]

get everything you can from direct group

 

remember

 

softly softly