Welcome Finance

Mrs.Downie

I have a Welcome Finance loan which is due to end in November this year.

They have been ringing every month for the last few trying to get me to settle early.

My balance is £284.00 and some pennies, but I forget. I have the cash to settle it right now, but I'm wondering if I should push to pay back £200-250.00 instead of what they are asking me for.

Its no skin off my nose to keep it running for a further few months, but they seem desperate to get me to clear it, which is bizarre with it being such a small amount.

Do you have any advice for me?

TIA

fozmcfc

They are winding up their business trying to recoup as much as possible.

I would definately tell them you're not interested as you don't have £284, you could manage £200, maybe £220 at the most and see if they bite.

I also say to you well done, you are one of only a handful of people who it seems, have managed to actually get a loan from Welcome and stick to your end of the bargain and pay it all off.

I hope if you need another loan, you get accepted by someone who doesn't charge silly interest. :money::beer:

Mrs.Downie

fozmcfc wrote: »

They are winding up their business trying to recoup as much as possible.

I would definately tell them you're not interested as you don't have £284, you could manage £200, maybe £220 at the most and see if they bite.

I also say to you well done, you are one of only a handful of people who it seems, have managed to actually get a loan from Welcome and stick to your end of the bargain and pay it all off.

I hope if you need another loan, you get accepted by someone who doesn't charge silly interest. :money::beer:

Thanks doll, I suppose in my case there really is no harm in testing the waters and seeing what they say....

I would still like to hear from those of you who have had experiences like this with Welcome though

paul2funky

fozmcfc wrote: »

I also say to you well done, you are one of only a handful of people who it seems, have managed to actually get a loan from Welcome and stick to your end of the bargain and pay it all off.

I hope if you need another loan, you get accepted by someone who doesn't charge silly interest. :money::beer:

My one has the final payment due on 31st July - 3 year loan and never missed a payment (£119 a month) . I haven't been offered a reduced settlement tho

Mrs.Downie

paul2funky wrote: »

My one has the final payment due on 31st July - 3 year loan and never missed a payment (£119 a month) . I haven't been offered a reduced settlement tho

I've not been offered a reduced payment, they just keep calling me asking me if I can settle early. I'm going to ask them if they'll accept a smaller amount.

Nearly there for you Just think of what that £119.00 will do

fozmcfc

paul2funky wrote: »

My one has the final payment due on 31st July - 3 year loan and never missed a payment (£119 a month) . I haven't been offered a reduced settlement tho

BIG well done to you as well :T:beer:

traz39

they did keep ringing me to settle early or pay more a month mine finishers in december 293 per month cant wait whoop whoop

KingElvis

Welcome are and always were a bunch of shysters.

maka_2

i would go in lower than that under half of what you owe see what they say just make sure you have the funds just incase they say yes.

you dont get if you dont ask.:rotfl:

Clive_Woody

maka wrote: »

i would go in lower than that under half of what you owe see what they say just make sure you have the funds just incase they say yes.

you dont get if you dont ask.:rotfl:

I would add, make sure you get any agreement with them in writing before sending the money.

Apples2

And make sure the agreement in writing includes the term "In Full and Final Settlement" somewhere.