Is Welcome Finance going bust?

rosemahairy

GINA wrote: »

Hi SolOO hope you are well and still fighting.
Hi All noted today that cattles shares have been suspended; suprised to read some are able to get loans/top up from wf.
Trading standards are on their tail and getting close to making lots of noise against them.
The daay cannot come soon enough

"Cattles" that rings a bell are they the insurers Welcome Finance use or something like that? My mother in law works for Trading standards il give her a tinkle see if she can tell me any news ..........

Sol00

Cattles is the parent company of Welcome Finance.

I got a letter from WFS today advising that they haven't received my questionnaire and can't consider it without this. I'm getting really annoyed with their stalling tactics.

helnag

Sol00 wrote: »

Cattles is the parent company of Welcome Finance.

I got a letter from WFS today advising that they haven't received my questionnaire and can't consider it without this. I'm getting really annoyed with their stalling tactics.

They do like to stall don't they!! Is the questionnaire in regards to PPI? Their compliance team now has been bought in from Cattles and I think they're a lot better now. Did you send it recorded? xx

rosemahairy

Sol00 wrote: »

Cattles is the parent company of Welcome Finance.

I got a letter from WFS today advising that they haven't received my questionnaire and can't consider it without this. I'm getting really annoyed with their stalling tactics.

I didnt get a questionnaire. They did stall like crazy though i wrote about 5letters to different places and faxed letters before i even got a first response. That was because they had lost 2 of my 5 loan agreements...guilty! If yours is a new case you are lucky u should see a better response time once they finally acknowledge the completed questionnaire. Some poor lady has been waiting since Nov 2007 i thought feb 08 was bad, gee wizz!

helnag

rosemahairy wrote: »

I didnt get a questionnaire. They did stall like crazy though i wrote about 5letters to different places and faxed letters before i even got a first response. That was because they had lost 2 of my 5 loan agreements...guilty! If yours is a new case you are lucky u should see a better response time once they finally acknowledge the completed questionnaire. Some poor lady has been waiting since Nov 2007 i thought feb 08 was bad, gee wizz!

No I didn't either, and they didn't stall with me at all, I sent my letters and within 3 weeks of each I received final responses!!

Sol00

helnag wrote: »

They do like to stall don't they!! Is the questionnaire in regards to PPI? Their compliance team now has been bought in from Cattles and I think they're a lot better now. Did you send it recorded? xx

Yep, but I ripped up the questionnaire as it is of no relevance to my complaint - all the information they needed was in the letter I had sent.

I didn't send my second letter recorded, but I will for this final one before I go to the FOS.

pault1

Hi folks, first time post, I have a loan with welcome that still owes to the tune of £4100. I actually phoned the local branch up last week to make my monthly payment and asked if they could give me a settlement price they did, £4600, the manageress on the other end of the phone told me that she had the discretion to bring it down to around £3800. I'm being made redundant next month and want to get shot of them once and for all,any suggestions in how much they would actually take as I dont really want to pay anywhere near £3800.

traz39

i heard people offering half and they excepting it

Sol00

Yep, make an offer in writing and send it to head office.

Freepost RLUU-ERRT-XKLR
Welcome Finance
Compliance Services
Ruddington
Nottingham
NG11 6NZ

pault1

Phoned Glasgow branch this morning and low and behold balance has risen to £4637.25 with settlement price of £4780.95, asked the woman on the other end of the phone who told me that the seetlement figure was so high because I have nearly £950 arrears, I asked for complience dept no, which she did not have, then asked why, I told her about re-claiming PPI she replied that would that would be a waste of my time as she used to be an underwriter and everything was above board, I did not want to get into an arguement with her, but I did ask if she was looking for a new job with WF in the deep financial mire, she replied that Welcome was in a very healthy position,was not paying people off or shutting offices and anyway that was in England, you couln't make it up.
I tried phoning complience section they dont seem to be in any rush to answer the phone