Welcome Finance - This company needs to be banned.

[postggj]

hi all

 

all you people who have letters from the fos saying they have upheld your complaint, thats nothing new, the fos uphold all complaints against welcome.

 

now what should happen is that you get a new agreement minus the ppi element, then you minus your payments and an interest adjustment.

you sign and happy ever after.

 

THIS IS WELCOME WE ARE TALKING ABOUT.

 

what they will try and do is take off the ppi element from the loan, thats it.

so you are still stuffed with interest payments allready made.

 

any new agreement say to welcome

 

IME TAKING IT HOME FOR FEW DAYS TO GO OVER THEN I WILL RETURN TO THE OFFICE AND SIGN.

 

ONCE YOU HAVE SIGNED THE NEW AGREEMENT, WELCOME HAVE YOU

 

ALLWAYS COME BACK TO THE FORUM AND ASK ADVICE

 

never never resign with welcome, allways sit back and consider,

HOW IS WELCOME CONNING ME THIS TIME

[welcome finance warrior]

Hi post ggi

 

sending you some more info, i have my full hire purchase loan statement i think i can prove where the extra £200 has gone remember my account at 13,440 but all of a sudden it was at 13,640 on the agreement... Welcome £200 up right...

 

WRONG

 

when i actually looked at the agreement they are charging me 13,440 so where has the £200 gone

 

FEE DISBURSEMENT (AKA BROKERS COMMISSION PAYMENTS)... at £195.00

 

I'll post 2 secs

Edited July 20, 2009 by welcome finance warrior

[postggj]

Say It How It Is For Fellow Caggers

 

 

brokers Commission Payments

[welcome finance warrior]

Hi post ggi

 

sending you some more info, i have my full hire purchase loan statement i think i can prove where the extra £200 has gone remember my account at 13,440 but all of a sudden it was at 13,640 on the agreement... Welcome £200 up right...

 

WRONG

 

when i actually looked at the agreement they are charging me 13,440 so where has the £200 gone

 

FEE DISBURSEMENT... at £195.00

 

I'll post 2 secs

 

Hi post here is the link what do you reckon

 

http://i614.photobucket.com/albums/tt225/welcomefinancewarrior/welscumagreementcopy.jpg

 

my local branch were more than happy to hand it over when i walked in and said i am prepared to make a settlement

 

MUPPETTS

[postggj]

Dear O Dear

The Muppetts Have Not Even Taken The Fee Off The Balance So Welcome Get Paid Twice

 

You Now Have Your Answer

 

Got There In The End

 

Cretins

[welcome finance warrior]

plus look at the random ad hoc fee...

 

has this been rolled onto the balance and subject to interest...

 

Is that allowed:D

 

isn't a fee a fee and not subject to interest, furthermore nobody ever discussed with me an ad hoc fee...

 

...oooopppss how silly of me, what a silly billy nobody told me about insurances either...

 

Oh well

 

Can some one please give me some advice on how to proceed...

 

I would very much enjoy hitting them hard and fast with maximum impact in terms of financial damage and reputation (whats left of it)

 

Please advise

[postggj]

The Add Hoc Fee And The Fee Dissbursment Are Broker Fees

Prob To The Garage And Direct Group Ref Ppi

 

You Need To Be Demanding What That Add Hoc Fee Is FoR

Just Saying Add Hoc Is Not Good Enough

[welcome finance warrior]

Mind you

 

I'm starting to worry now because the acceptance fee on my actual agreement is £195.00

 

and the "fee disbersmemnt" on the High puchase statement is at £195.00 could they arge that i had written notification by virtue of the fact that it is on the agreement or is the accpetance fee on the credit agreement something else

[postggj]

All Broker/commission Payments Must Be Included On The Agreement

 

If You Were Unaware Of Any Payment, Which You Are,

 

Its A Crap Agreement

 

End Of

[postggj]

Have You Posted Your Agreement

[welcome finance warrior]

lol

 

i sent you it twice over last 21 days but didn't want to pester you and seem impatient, i know running a private conquest can be tiring...

 

will post it on here 2 secs

 

There is an "Acceptance Fee" on the agreement at £195.00

 

2 secs

[welcome finance warrior]

Here you go POST

 

[link removed]

 

http://i614.photobucket.com/albums/tt225/welcomefinancewarrior/agreement1.jpg

 

much appreciated

Edited July 20, 2009 by steven4064

[postggj]

Ok

 

They Have Conned You Out Of £150 Quid

Thats A Big Enough Margin To Invalidate The Agreement

 

Have To Double Chack But Confirdent

[welcome finance warrior]

My current position (thanks to you post and the forum as a whole)

 

SAR'd every M.F:D (garage, wf, nu, dg)

CCA requested WF

Have v.T the agreement but they say i still have to pay £1700 for outstanding insurances (originally) since my SAR request this has strangey dropped down to around £1000. I cancelled my DD and put the account into dispute. (cheeck barsturads then said thewy would default me for the insurances i didnt know about and had to keep the agreement open...i haven't:D

 

Went to hand the car over but have knocked back the garage that was coming to collect it after he guarenteed that RAC would not inspect car at auction (they dont come out now to the home) but when i phoned welcome they said it gets examined at auction...yea right...screw that)

 

went to see the car garage and after some few heated exchanges i think i might be able to get them to play ball re the commission issue, will be able to confirm this monday when

 

"the boss is back off his holiday"

 

...but honestly i expect the run around...

 

Can i nail them in court is my big question

[welcome finance warrior]

Ok

 

They Have Conned You Out Of £150 Quid

Thats A Big Enough Margin To Invalidate The Agreement

 

Have To Double Chack But Confirdent

 

And the commission issue, have they managed to sow that one up...

 

cheers

[postggj]

The Commission Payments Are A Welcome Maze

They Have Been Very Clever In Hiding It In The Figures

 

Ill Ssend You A Full Break Down Tonight By Pm For Obviouse Reasons

 

This Will Be Quite Easy To Challange,

I Can Accept An Honest Mistake But I See It To Often On These Agreements

[welcome finance warrior]

Ta.

[EBOY]

Postggj,

Will Welcome have to accept rewriting the loan minus what payments have been made and the ppi. Will charges be refunded?

 

ps Did you get a chance look at my agreements and latest statement. Am I right in thinking that because the loan amount on the contract doesn't have £75 acceptance fee on it but the £75 is added to the balance thus accruing interest. Does this make the agreement invalid.

[steven4064]

WFW you have wisely removed your name and address from the agreement but left the vehicle registration number showing - it might be wise to remove that too - I have removed the link in the meantime

[Voda]

Hi Guys,

 

I really am getting to the end of my tether with this bunch of [edit].

 

Some smoothie left a message for me to call him today.

 

THEY NEVER ANSWER MY LETTERS so I am going to put all my correspondence in the hands of the CAB as all these so called financial organisations such as the FSA and Financial Ombudsman are rubbish.

 

I am so glad that I have everything in writing.

 

Voda

Edited July 20, 2009 by steven4064
potentially libellous comment removed

[JonCris]

hi violet im no expert in this, dont let them restructure your loan if the ppi is incorrect the whole agreement is loo roll, wait until someone else like postggj comes along to give you advice on this tho, seems to be quiet at the mo in here

 

BUT if you do don't forget to add contractual compound interest (in the same way they do) to ALL of the PPI payments + interest you have made when you shouldn't In other-words capital & interest paid + further contractual compound interest on top

 

Remember they have deprived you of that money in much the same way as the banks have with their penalty charges AND whereas the banks are arguing entitlement Welcome can't do the same. There is NO right for them to profit from mis selling AND you can use the same method to calculate it as we have for bank charges ............Should come to a tidy sum;)

Edited July 20, 2009 by JonCris

[Voda]

My apologies Steven,

 

You are right, of course.

 

But like many of us, the stress that this organisation has caused me is actually making me ill.

 

I hope that the Citizens Advice Bureau tells me what action I can take ( In Court, if needs be ) against WF.

 

All my other creditors have played fairly and behaved totally responsibly.

 

What makes Welscum so important that they do not feel they have to act in a decent manner.

 

Voda

 

Hi Guys,

 

I really am getting to the end of my tether with this bunch of [edit].

 

Some smoothie left a message for me to call him today.

 

THEY NEVER ANSWER MY LETTERS so I am going to put all my correspondence in the hands of the CAB as all these so called financial organisations such as the FSA and Financial Ombudsman are rubbish.

 

I am so glad that I have everything in writing.

 

Voda

[steven4064]

We appreciate the stress they cause but we don't want them suing CAG - that would just make it worse

[Voda]

Indeed Steven.

 

Again my apologies.

 

Take care and thanks all you guys for this awesome forum ....

 

Voda

 

We appreciate the stress they cause but we don't want them suing CAG - that would just make it worse

[welcome finance warrior]

WFW you have wisely removed your name and address from the agreement but left the vehicle registration number showing - it might be wise to remove that too - I have removed the link in the meantime

 

thanks ste,

 

nice too know the forums protects its members from the enemy...

 

your ok leaving it out post ggi has all the info now

 

cheers