Secured Loan, Welcome Finance

[Bazza]

Re: Secured Loan, Welcome Finance

Hi dogtired,

I found your old Secured Loan agreement details and I am curious was your Welcome loan sold as a fixed-sum or variable ?

Did you have any feedback from them regarding the acceptance fee ?

Cheers

Bazza

[dogtired]

Re: Secured Loan, Welcome Finance

Can't remember !
Will need to check again.
Sent another CCA request today.
I for one will NOT be making any offers cheeky or other wise.:rockon:

[Ruby]

Re: Secured Loan, Welcome Finance

Hi Bazza, its a secured loan we took out in 2007/8 but literally don't have a copy of the CCA nor it appears do they.

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DT if I was in your situation I wouldn't be making any cheaky offers either

[Bazza]

Re: Secured Loan, Welcome Finance

Hi Bazza, its a secured loan we took out in 2007/8 but literally don't have a copy of the CCA nor it appears do they.

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DT if I was in your situation I wouldn't be making any cheaky offers either

Ok thanks Ruby and keep me posted on any developments. Hopefully no agreement :tinysmile_twink_t2:

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Can't remember !
Will need to check again.
Sent another CCA request today.
I for one will NOT be making any offers cheeky or other wise.:rockon:

Lol DT and thanks as I will be interested to know.

[dogtired]

Re: Secured Loan, Welcome Finance

[MENTION=36423]Bazza[/MENTION].
Secured loan at old address.

Looks like it's was supposed to be " fixed" payments but when they changed it the payments did go up slightly.

[Ruby]

Re: Secured Loan, Welcome Finance

Well, well,...........

Just received in post a 'CCA'

Fixed sum loan agreement regulated by the Consumer Credit Act 1974 secured on (our property address)

First customer (Husbands name) they have printed wrong number on house address and then scored it out by hand and written the right on!
Second customer (my details) with correct address.

The CCA complies of one single sheet of paper, one sided and completely illegible in places. No T & C's ........

Any thoughts guys? I need to obviously reply back to them

[dogtired]

Re: Secured Loan, Welcome Finance

Typical Welcome mess by the looks of it!
Last two "statements" look like they have been printed out my a printer running out of ink!
Sent another CCA at the beginning of this week my self and await development's!

Well, well,...........

Just received in post a 'CCA'

Fixed sum loan agreement regulated by the Consumer Credit Act 1974 secured on (our property address)

First customer (Husbands name) they have printed wrong number on house address and then scored it out by hand and written the right on!
Second customer (my details) with correct address.

The CCA complies of one single sheet of paper, one sided and completely illegible in places. No T & C's ........

Any thoughts guys? I need to obviously reply back to them

[Ruby]

Re: Secured Loan, Welcome Finance

My concern is that 'the bones' of the CCA are there i.e

Amount of Credit, repayments and rate of interest. What I find quite shocking is that if Welcome only had this one single sided piece of paper to begin with they were able to 'secure' this loan on our home. The Land Registry must surely also be accountable to this ......

[Ruby]

Re: Secured Loan, Welcome Finance

I am shocked to read the following:-

You have no right to cancel this Agreement under the Consumer Credit Act 1974, the Timeshare Act 1992 of the Financial Services (Distance Marketing) Regulations 2004.

[dogtired]

Re: Secured Loan, Welcome Finance

That does not look right to me. [MENTION=5553]charitynjw[/MENTION] [MENTION=42011]Nem[/MENTION]asis45 any ideas for [MENTION=4027]Ruby[/MENTION]

[charitynjw]

Re: Secured Loan, Welcome Finance

I am shocked to read the following:-

You have no right to cancel this Agreement under the Consumer Credit Act 1974, the Timeshare Act 1992 of the Financial Services (Distance Marketing) Regulations 2004.

That does not look right to me. @charitynjw @Nemasis45 any ideas for @Ruby

AfaIk........any CCA agreement which is not secured on land is cancellable, providing the appropriate steps are taken by the debtor.

It doesn't even have to be done in writing, though imho I would not give them the opportunity to lie through their tee........er, claim that they did not receive notification, & so would do it via SignedFor mail, email & carrier pigeon, lol!

http://www.legislation.gov.uk/ukpga/1974/39/section/94

[dogtired]

Re: Secured Loan, Welcome Finance

I knew it did not look "right" Welcome would say black was white if they could.

AfaIk........any CCA agreement which is not secured on land is cancellable, providing the appropriate steps are taken by the debtor.

It doesn't even have to be done in writing, though imho I would not give them the opportunity to lie through their tee........er, claim that they did not receive notification, & so would do it via SignedFor mail, email & carrier pigeon, lol!

http://www.legislation.gov.uk/ukpga/1974/39/section/94

[Ruby]

Re: Secured Loan, Welcome Finance

AfaIk........any CCA agreement which is not secured on land is cancellable, providing the appropriate steps are taken by the debtor.

This is a secured loan on our home ........

home/land ?

[dogtired]

Re: Secured Loan, Welcome Finance

[MENTION=5553]charitynjw[/MENTION] ?
Had reply form the from first letter will take up to eight weeks , so they say, no reply , as yet to CCA request sent later the same week.

[charitynjw]

Re: Secured Loan, Welcome Finance

@charitynjw ?
Had reply form the from first letter will take up to eight weeks , so they say, no reply , as yet to CCA request sent later the same week.

For as long as they do not comply with a CCA request (they are allowed 12 days, + 2 for postage), the alleged debt is unenforceable.

Have you got proof of posting it?

Also, make sure they have not credited the £1 payment against your account.