welcome finance

gem4

My son had a similar scenario a few years back. He even had all the payment protection insurance but they said it didnt cover him. In the end they repossessed the car. A year or so later he had a demand from a debt collector saying he owed them £4000+. The original loan had been £1500. The garage since closed. Following advice he wrote to them saying they had to provide him with a copy of the original agreement, which they didnt do. He hasnt heard from them since he sent that letter.

crumpledcash

i have had loads of hassle with welcome finance,has anyone ever had a yearly statement off them, i thought that, by law, they have to send a statement at least once a year, am i correct in saying this?.....

tinkerbellkell

i am trting to sort my sisters loan for her with welcome finance in eastbourne anf io spoke to susie who agreed to lower her payments from 72.00 per month to 45.00...which is great,,,but the thing is that she got a loan for 800.00 but now has to pay back 3000.00!!!!!!!!!!!!!! extortion if u ask me!!

jet_black_3

these people are cowboys, we got into such a mess with them, we ended up getting a bigger loan from another company, struggled on for a year until we lost everything

petermb_2

I know for sure that they, Welcome have made major mistakes in their administration of loans and agreements.

I am of the opinion that there are things that can be done after the event.
Even if the loan has been paid off.

I would advise not to give a car back in such circumstances.

If you took out the insurances that are on offer you really have them in a corner.

Please dont be intimidated by these people. You are very likely to actually have the upper hand even though you might not know it yet.

pm me if you need help.

Peter

Shambler

Hi,
Since you are in employment now you could try getting a loan at a decent interest rate and paying the 'taking advantage' loan company off.