Me v Welcome Finance

[x12Geo]

Re: Me v Welcome Finance

Thankyou Amethyst and Curly

I have had many sleepless nights, I was advised at the end of the day to pay the amount due to allow the completetion sale of my property. Unfortunately back in 2005 I had no one to turn to for advice, did visit the CAB one or two said I had to move on. Yes it was a dilema and I was torn I lost my home and devasted that I had to move to rented accomodation as 21K had to go to WF .
I missed more than I imagined the opportunity to purchase my next property - did require a 10500k deposit.
I want to ask you both, back to basics do I write a letter to WF or FOS or looking ahead is this a case to take to court. The account was paid in full in May 30th 2005.

Sorry for being a pest,

Geo

[x12Geo]

Re: Me v Welcome Finance

:tinysmile_grin_t: Does anyone anywhere know a good barrister or solicitor with good experience of dealing with Mis-Sold PPI and unenforceable - agreements?
I am in urgent need of one.
May be someone would like to assist me- I live in Scotland.

I was planning on filling out a Summary Cause Summons Application For Local Court though my understanding the amount involved exceeds the £5000. I am
un certain if I can legally take this route.

Any advice will be very welcome and really appreciated.

[Sapphire]

Re: Me v Welcome Finance

I'm sorry I have no knowledge of how it all happens up there in bonny Scotland, but we do have a couple of members from North of the border who just love good old Welcome.
Hopefully they will pop along and give you some advice.

[x12Geo]

Re: Me v Welcome Finance

WELCOME FINANCE - Letter Received Today HELP Required Are Please !!!!

Dear ...

I write to your letter received 28 October 2009. Please accept my apologies for the delay in my response.

We would take this opportunity to refer you to the recent judgement given in the case of Southern Pacific Personal Loans v Michael Walker [2009] EWCA Civ 1176.

In your complaint, you stated that interest had been charged on the Acceptance Fee, which equated to treating the Acceptance fee as credit, the result of which was the same that the same had been incorrectly included within the total charge for credit.

We would state that in the above - mentioned judgement, it was ruled that interest may be charged on items included within the toatl charge for credit,and by doing so, no breach of the Consumer Credit Act has been committed.

We can provide a copy of the judgement, should you so wish.

We would therefore comment that including the Acceptance Fee within the total charge for credit and by charging credit interest on the same, we have
therefore committed no breach of the Consumer Credit Act, and your agreement will remain enforceable.

We therefore invite your comments relating to this point.

I can advise you that section 142 of the Consumer Credit Act preludes
enforcement of agreements already settled.

Having viewed our records, I can advise that as only £1.00 was received in
regards to information requested and a copy of your signed agreement and statement of account was issued to you following this payment.

Should you request all information held on file then you would need to submit a further request and payment for £10.00.

The information regarding insurances is not sent from Welcome Financial Services.We simply sell the product and the administrators Direct Group send out the information to you.

The 14 days cooling off period starts form the day you were quoted and not as you believe from the day you sign the documents, however I find this point irrelevant as you accepted the loan and have paid it off in full.

For your information, only Hire Purchase Agreements need to be signed on
trade premises.

Based on the above points, I find that I am unable to accept your complaint.

Should you remain dissatisfied with our final response, you can escalate your complaint to the Financial Ombudsman Service within six months of the date staed on this letter.

Yours sincerely

Customer Complaints Department


:26: Thanks for listening may I say again.
Geo

[x12Geo]

Re: Me v Welcome Finance

:help:

Any help would be appreciated on how to reply to this letter.

Many Thanks

Geo

[x12Geo]

Re: Me v Welcome Finance

Hello

Any thoughts this is my Claim for Summary Cause Action. I do wonder if I can be more successful by focusing ion one issue - Mis Selling PPI.
The pursuer claims the defender the sum
(a). PPI
(b). Mortgage Fee – on secured loan and interested charged on this figure.
(c).Total amount of loan not Total Amount Payable
(d).Incorrect APR % - 12x 1.35% = 16.2 Apr on Agreement 20.6%
(e). At no time did I consent and neither was it within the contemplation of the parties to the contract that I did consent to the processing by you of that data in any manner which would be unfair or inaccurate or which in any way would breach The Data Protection Act 1998. Credit File shows as Mortgage Joint – a secured loan in my own name.


Any comments would be very welcome.

Geo