Welcome finance and Wescot

[jess22]

Hi

Jus t wondered if someone could give some advice,i have an unsecured loan with welcome finance,i originally borrowed £3000 in march 2006 and then in december 2006 borrowed another £2500,all this time i was making payments first of around £180 then after second loan around £280 until august 2007,i then went on to a paymeent plan which i paid £56,i then found it a struggle to pay this and asked welcome if i could pay less,finally welcome agreed to payments of just £25 which i continued paying up until about august when i had some very serious issues going on in my personal life,what had happened was the direct debit bounced and i wasnt aware of this until i recently recieved a phonecall from wescot in january.

Wescot informed me that they were handlinmg my loan which is still standing at £10,500!! i asked wescot if i could make the £25 payment i was originally making but they refused and after asking a few questions re i&e including my husbands (which i wasnt happy giving as i took this loan out before i was married and its under my maiden name) they said i had to pay £89 a month aand they wouldnt accept less as i had my husband to support me.I agreed to this but really cannot afford it as im paying a lot of others,all of whom have now come to arrangements i can afford,i had only budgeted for the £25,can anyone advise please on what to do,im tempted to cancel the direct debit and if i can find there bank details pay the £25,but will wescot take this further and more importantly willthey come round to the house,id be greatful for any advice on this or if anyone has had any dealings with wescot.

Thanks ain advance x

[firstship]

Petal9 Hi.The first and most important item is,get rid of the Direct Debit and change it to a Standing Order,this will leave you in charge of your outgoings at the moment Westcot can take what they like from your bank account.

 

You only need pay what you can honestly afford,do not let Westcot bully you into paying more,they have no powers for you to worry about.

 

Your I&E which you submitted was it for joint incomes on a debt that is in your name only?

 

They Westcot can threaten to send somebody around to your house(it usually is just a threat), who ever might call has no power ,have a read in the site library of the letter to send should Westcot make this threat.

 

Pay the £25 by standing order,Westcot will start complaining,make us aware of their threats we can help

 

Do you have a Debt Management Plan in place as it appears you have other debts?

 

Regards FS

[postggj]

do wescot own this account or just acting on behalf of welcome

 

as this is welcome, pay westcot nothing and cancel that direct debit

 

do you have a copy of the second loan agreement

[jess22]

Thanks for your quick responses:-)

 

 

[] The i&e i submitted was for joint as they wouldnt accept just me on my own,the debt is in my maiden name only.

 

I hAVE SORTED ARRANGEMENTS OUT MYSELF AS FOUND DEBT MANAGEMENT DIDNT WORK,THEY HAVE ALL AGREED APART FROMN WELCOME AND QUICK QUID WHO WANT ME TO PAY £50

 

IM UNSURE IF WESCOT OWN THE DEBT,THEY JUST SAID THEY WERE NOW DEALING WITH IT,I DONT HAVE ANY DOCUMENTATION,LOOKED FOR IT BUT UNABLE TO FIND IT:-(

[firstship]

Petal. Re the I&E dont think they can do this the debt is in your name so it should be your I&E only but I will clarify this.

 

OK your own DMP well done just pay Welcome and Quick Quid what you can honestly afford and confirm it is part of your DMP and is a fair and honest offer.

 

As you do not have a copy of the agreement for the loan send a SAR request along with £10 recorded delivery send this to the OC ask for all agreements,statements,and all data ,this will produce the history for the account and confirm who owns the debt.

 

A CCA will produce the agreement and ask who owns the debt as well as a separate line in the letter this will only cost £1,

 

Regards FS

[firstship]

Ref your I&E had a word with one of the Site Team who I thought would be very much up to speed on this,answer Your single I&E not joint is fine as long as a fair accurate share of the out goings is taken into account within your calculations .If they are unhappy with this,consider putting in a formal complaint

 

FS

[jess22]

Thanks for the advice,ive cancelled the dd and will pay via a bank transfer the £25,im sure they wont be happy but a least im paying something thats fair to everybody else. How do i mention to wescot when they do get hold of me about the i&e being based just on me as debts in my name only?

Thanks again x

[postggj]

send the sar to welcome

 

BUT SEND WESTCOT THE CCA REQUEST

[firstship]

Yes Postggj agree with this,

 

When Westcot throw a tantrum we can put a letter together along the lines of "your original I&E included your husbands income and this of course not relevant to this debt" etc etc

 

Lets wait and see

 

Regards FS

[jess22]

Hi all

Well paid Wescot the amount i said,had a letter telling me to urgently contact them and phonecalls and text messages everyday,i emailed telling them that this was all i could afford but still keep getting these calls,shall i just ignore and keep paying the £25 in the hope they will just get fed up or shall i phone them? im a little bothered about ringing them as this was the way they talked me into paying an amount i cannot afford in the frst place.

[jess22]

Help!!!

Another letter again yesterday from Wescot stating my account is in arrears and that if i dont pay the arrears they will either take legal action or send it to one of there doorstep collectors who will come round to recover the debt,i really dont want to talk with them as they have already talked me into paying more than i can afford,ive paid the amount i can afford this month but there still pestering for the rest,i dont know what to do,ive heard a lot of horror stories on welcome calling round to your house and i really cant risk this happening,but just want to pay what i can afford,please can anyone advise me?

Thanks

[jj69]

Help!!!

Another letter again yesterday from Wescot stating my account is in arrears and that if i dont pay the arrears they will either take legal action or send it to one of there doorstep collectors who will come round to recover the debt,i really dont want to talk with them as they have already talked me into paying more than i can afford,ive paid the amount i can afford this month but there still pestering for the rest,i dont know what to do,ive heard a lot of horror stories on welcome calling round to your house and i really cant risk this happening,but just want to pay what i can afford,please can anyone advise me?

Thanks

 

I have dealt with Wescott before total pain in the arse.! but you can put these idiots back in their box...

On the site download the harrsament letter and adjust it to suit yourself ...or write a letter in it stipulate all further correspondence in writing and you do not authorise any doorstep visit which you will regard as trespass and call the police,finish by saying any further calls then you will contact the FOS and the consumer credit council, this will shut them up as they will get charged by the FOS for any investigation.

It sounds like Wescott have purchased the loan so CCA request a.s.a.p. Personally i would not send any I&E info to them and stick to the 25 per month.

You will need to see what charges are on this loan and any other items like ppi.

Dont panic these retards will threaten all sorts of action , guarenteed your next letters will be from their pre legal or pre litigation dept, which is just the same office only on more shiny paper probably with red writing on it ...dont throw these away just file them it's what I did before I spoke to FOS and sent them copies to prove what Wescott were doing..got an apology from Wescott and they passed my account on...

[jj69]

Hi all

Well paid Wescot the amount i said,had a letter telling me to urgently contact them and phonecalls and text messages everyday,i emailed telling them that this was all i could afford but still keep getting these calls,shall i just ignore and keep paying the £25 in the hope they will just get fed up or shall i phone them? im a little bothered about ringing them as this was the way they talked me into paying an amount i cannot afford in the frst place.

 

found this on the site..fire it off to them a.s.a.p

 

ACCOUNT NUMBER ******

Dear Sir or Madam

I am writing in relation to the quantity and frequency of telephone calls that I have received from your company, which I deem to be personally harassing.

I have verbally requested that these stop, but I am still receiving calls.

I now require all further correspondence from your company to be made in writing only.

I am of the view that your continued harassment of me by telephone puts you in breach of Section 40 of the Administration of Justice Act 1970, and the Protection from Harassment Act 1997.

If you continue to harass me by telephone, you will also be in breach of the Communications Act (2003) s.127 and I will report you to OFCOM, Trading Standards and The Office of Fair Trading, meaning that you will be liable to a substantial fine.

Be advised that any further telephone calls from your company will be recorded.