Welcome Finance - This company needs to be banned.

[postggj]

It Should Show The Ammount Of Credit

And The Total Ammount To Be Repaid

 

Thats The Original Ammount Borrowed

Acceptance Fee

Insurancee

Interest

[JonCris]

& it's going to get funnier;)

[postggj]

I Like Your Sense Of Humour John

[postggj]

The Main Thing That Is Upsetting The Shareholders Is Fraud,

Cattles Have Nothing In Reserve To Cover All The Misselling Claims Etc

 

Ime Not Talking Just About Welcome

[Sol]

I don't think they've done this. I'll scan my agreement for you to look at. Quality might not be great tho as it's a small scan from the SAR I sent.

[JonCris]

I don't think they've done this. I'll scan my agreement for you to look at. Quality might not be great tho as it's a small scan from the SAR I sent.

 

Everyone will have an agreement. It's what happened AFTER you signed that REALLY matters;)

[Sol]

Hmmmm I wonder what you could mean. lol

[postggj]

Sol

 

Have You Posted The Agreement

[Sol]

Probably no different from anyone else, but hey

 

[postggj]

Sol

 

Is That It

 

Looks An Old Agreement

 

When Did You Sign It

[082stewie]

Probably no different from anyone else, but hey

 

 

 

This is a bit strange? What was the loan amount for? Was it for £1052.87?

 

The total charge certainly has acceptance fee and charge for interest together to make up the lump sum of £1732.92. But it does state your acceptance fee will be added into Total amount of credit.

 

The APR is spot on. I think someone else would have to work out the interest rate.

 

Stewie

[postggj]

Stewie

 

Where Is The Total Ammount Payable

 

Perscribed Term

[Sol]

It was signed in Sept 07, it's a re-written agreement to lower the monthly payments from 116.29.

 

Stewie becoz it was a re-written agreement I didn't get a loan, the orginal was for £1500 in Nov 2005.

[Sol]

Stewie

 

Where Is The Total Ammount Payable

 

Perscribed Term

 

TBH it's only been since we've all been investigating Welcome's agreements that I've looked at my own after receiving my SAR, and I was shocked to find out I owe almost £2,500! The agreement makes it look as though it's for £1732.92

[postggj]

Sol

 

You Realy Need Peter To Look At This,

My Opinion As To Dipply As Well

 

No Total Ammount Payable

 

Perscribed Term

 

Game Over

 

Dont Want To Get Your Hopes Up But Pretty Damm Sure

 

Wait For Peter Though

 

He Is The Master

[postggj]

The Total Ammount Payable Should Be Inserted As

 

£2412.97

[pt2537]

Sol

 

You Realy Need Peter To Look At This,

My Opinion As To Dipply As Well

 

No Total Ammount Payable

 

Perscribed Term

 

Game Over

 

Dont Want To Get Your Hopes Up But Pretty Damm Sure

 

Wait For Peter Though

 

He Is The Master

nope total amount payable is not a prescribed term, see Schedule 6 Consumer Credit agreement regulations 1983 for the prescribed terms

[postggj]

Pt

 

So The Total Ammount Payable Does Not Need To Be Inserted

 

ALSO PT

 

WITH OUT HITTING THE BOOKS

 

WHAT ABOUT AGREEMENTS UNDER CCA 1974

[Sol]

No probs, thanks for taking a look anyway

[pt2537]

total amount payable is a requirement of schedule 1 para 11 SI 1983 / 1553

 

it depends upon the type of agreement, but a breach of schedule 1 is not the same as a breach of schedule 6,

 

simply you need a major breach of schedule 1 really to affect the enforceability of the agreement, maybe 2 or 3 breaches

 

but in contrast, the slightest breach of schedule 6 kills the agreement

[pt2537]

Probably no different from anyone else, but hey

 

what was this loan for?

 

was it for a car? or did you recieve cash in your hand?

[082stewie]

Stewie

 

Where Is The Total Ammount Payable

 

Perscribed Term

 

 

A - Total amount of credit.

 

Sorry Sol I didnt see B - amount to settle loan. But why did they charge an acceptance fee if it was a re-loan? Thats a big question. Was it at Welcomes suggestion you re-loan? See where im going here.

 

Post - The terms are on top right.

 

Stewie

[postggj]

Its Been A Long Day

 

Time For Bed Me Thinks

 

Learned Some Thing New Today

 

See You All In The Morning

[Sol]

what was this loan for?

 

was it for a car? or did you recieve cash in your hand?

 

Hi

 

This agreement was re-written as I couldn't afford the repayments of the first one, which was for a loan of £1500 - £750 chq and £750 BACS

[Sol]

A - Total amount of credit.

 

Sorry Sol I didnt see B - amount to settle loan. But why did they charge an acceptance fee if it was a re-loan? Thats a big question. Was it at Welcomes suggestion you re-loan? See where im going here.

 

Post - The terms are on top right.

 

Stewie

 

Hi stewie,

 

it was a their suggestion, in fact they pushed me into doing it against my better judgement.