welcome finance cca licence

[robnfc]

Hello

 

Just wanted to see if anyone had put an argument forward with reference to welcome finance going into liquidation, according to the government compension scheme welcome finance are in liquidation. (confirmed after being unable to repay ppi claims).

 

Now my understanding is that even though welcome are in liquidation they can still continue to trade though the liquidators i.e BOVESS HOLDING LIMITED , now i doubt that this would render accounts unenforable as most accounts will be with dca's who would have taken liability, but what about credit reference agancies.

 

If a default has been registered by welcome who are now in liquidation but trading through BOVESS HOLDING LIMITED do bovess then assume the same powers as welcome.

 

After checking the cca register and confirming with the oft, BOVESS HOLDING LIMITED do not hold a cca licence and are not allowed to register any info with cra's, therefore do welcome still hold the right to update cra's?

 

cheers

[robnfc]

Welcome Finance have not gone into liquidation.

 

''The firm (as part of the Cattles Group) approached the FSCS in relation to its potential PPI liabilities as part of its financial restructuring discussions. The FSCS believed it would be in the best interests of both policyholders and levy payers to be involved in the discussions to enable eligible claims to be assessed and compensated more quickly, and at less cost to levy payers, than if the firm had gone into administration or liquidation.''

http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-for-welcome-financial-hn0qripj/

 

 

On completion of the WFSL Scheme, each WFSL Scheme Creditor will release WFSL from all Scheme Liabilities,

including the Cattles Intercompany Claim owed by WFSL, and then WFSL is expected to commence a solvent

liquidation.

 

In light of the contraction of the WFS Loan Book over time, as its receivables are collected, the Company shall reduce

and wind down or sell the outgoings of and other expenditure in connection with the WFS Loan Book in as economical

and efficient a manner as is reasonably possible.

Edited March 28, 2011 by robnfc