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Another welcome finance customer....

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  • #1

    Another welcome finance customer....

    Hi everyone,

    ive been a long time reader of legal beagles hoping that someone out there may be in the same situation as myself.
    Anyway here goes...

    In June 2005 me an my girlfriend (now wife) took out a loan for £20,000 which was secured on my property. We kept up all payments until It was around Christmas time 2007 when I noticed that they hadn't taken that months money. I had recently enquired about PPI and because there WAS a problem they had stopped takin the payments.

    It took nearly 12months to sort but when I received my money it was short,what welcome finance had done was deduct 12months payments out of my PPI....? Anyway since then I still haven't paid,so I recently requested a copy of my agreement. The first thing that stands out to me that on my legal charge part of the loan my surname is spelt wrong and my postcode is wrong..

    So so if anyone has any ideas( I know it's all a bit weird what's happened) then please throw some ideas my way.

    thanks for reading...
    Last edited by Mr dmc; 18th February 2017, 09:16:AM. Reason: I've two loans and got them a bit mixed up..
    Tags: None
    • 1 thank
  • #2
    Re: Another welcome finance customer....

    Bump
    Last edited by dogtired; 18th February 2017, 19:31:PM.
    Never give up, Never surrender.

    Comment

    • #3
      Re: Another welcome finance customer....

      Originally posted by Mr dmc View Post
      Hi everyone,

      ive been a long time reader of legal beagles hoping that someone out there may be in the same situation as myself.
      Anyway here goes...

      In June 2005 me an my girlfriend (now wife) took out a loan for £20,000 which was secured on my property. We kept up all payments until It was around Christmas time 2007 when I noticed that they hadn't taken that months money. I had recently enquired about PPI and because there WAS a problem they had stopped takin the payments.

      It took nearly 12months to sort but when I received my money it was short,what welcome finance had done was deduct 12months payments out of my PPI....? Anyway since then I still haven't paid,so I recently requested a copy of my agreement. The first thing that stands out to me that on my legal charge part of the loan my surname is spelt wrong and my postcode is wrong..

      So so if anyone has any ideas( I know it's all a bit weird what's happened) then please throw some ideas my way.

      thanks for reading...


      Did they give you any explanation why they stopped taking payments? Secondly, when you requested the agreement, did you do so under s77 Consumer Credit Act 1974?

      If so did you send the £1.00 fee to the creditor along with the request?

      If they sent the agreement, are you able to post up a redacted copy?
      I work for Roach Pittis Solicitors. I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

      If you need to contact me please email me on Pt@roachpittis.co.uk .

      I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

      You can also follow my blog on consumer credit here.
      • 1 thank

      Comment

      • #4
        Re: Another welcome finance customer....

        Hi,

        yeah i Received an email with a copy of my loan agreement and legal charge. Doesn't make much sense to me.. is it possible for me to send you a copy..?

        Thanks..

        Comment

        • #5
          Re: Another welcome finance customer....

          Oh, and yeah the reason they stopped taking the money was because I quizzed them about ppi so they stopped takin the money during there investigation.

          Comment

          • #6
            Re: Another welcome finance customer....

            Hi again,

            after reading whats happening to me do you feel you may be able to offer any advise...?

            thanks for reading...uersmiley:

            Comment

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