Monday 20 April 2009
What's the story with Welcome Finance?
Welcome Finance has been all over the news for the past few months but nobody seems to know what's going on, especially the staff. I know that many people are looking for answers as to whether there jobs are safe and if so for how long. If you have any information on Welcome Finances situation or if you are directly affected please leave a comment or any links through to news items you may have come across recently.
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are welcome finance going bust i have 2 loans with them and dont no whether to carry on paying them
ReplyDeletei hope welcome finance staff loose there jobs as i think their firm stinks they are nothing but loan sharks i hopr they never get to trade again
ReplyDeleteive got 2 loans with welcome i hope they go bust they are nothing but loan sharks i hope thry all lose there jobs and i will laugh in their faces they are scum
ReplyDeletescum to good a word try vermin
ReplyDeletei have written to welcome and asked for a copy of my agreement as by law i am entitled to it. They said they are unable to give me it at the moment.Until i get it i am making no further payments. They deserve all they get. What goes around comes around!
ReplyDeleteI have a secured loan with Welcome, just received a letter out of the blue offering to reduce the loan to 65%, over £10000 off the total balance, if we can repay it in 21 days! Can anyone else let me know if they have received the same? I have never had a company willing offer this without reason.
ReplyDeleteI have recieved the same letter about a huge reduction in payments/...i still have my car, after 3 yrs, and havent paid for 18months!!!
ReplyDeletewelcome are scum they come round your house and ring ur boss at work and tell them that you have missed payments and dont leave you alone they also speak to like crap and bully you verbally
ReplyDeletethey are loan sharks and i wish they do go down they also rip your credit file apart so you cant get nothing . so welcome thanx but no thanx gonna miss you.xxx
i had a car on finance and i have paid £7500 of the £14000 its cost me with the intrest i have recently missed 3 payments and are now saying thay wont the car back and you are write there nothing but bully's and yes you could call them scum...well out of orrder!!!!!!!!!!!
ReplyDeletethey can not take the car back if you have paid back more than half of the purchase price.FACT
DeleteI've got a car loan and personal unsecured loan with them and have stopped paying the car loan in protest at the scandalous amount of "car park" calling they have been doing to me, breaches of data protection, door stop threats etc etc.... My mrs even went up to the office and offered to pull the a***hole that kept phoning us over her desk as she was so obnoxious to her on the phone. Haven't heard a word since so I'm gonna cancel the other direct debit and they can whistle Dixie for anymore cash from me. Nasty and highly unprofesional mob. Poor credit shouldn't mean u get treated like s***! And it's the people u deal with that are the face of the company and talk to u like dirt so if they go tits up then I hope it hurts. The stress and upset they cause they deserve it!
ReplyDeletei hope they go bust the bas***ds they can rott for all i care especally the gillingham branch come round tring to bully people on there door step we should ring them 20 times a day and turn up at there house at 2100 arseholes
ReplyDeletei have a secured loan 2 yrs now 17k 75k outstanding scum not the word hope they go under should be a law loan sharks i pay 225 a month about in 12months have paid 241.11 of my debt take 25yrs 2 pay of i thought the law had changed against loan sharks anyone no if anything can be done thanks
ReplyDeletei have a car and a personal loan too with them they are the biggest bas***d going they ring me every day, banging on my door sending threatin letters i have to go the office every friday to pay it as ive stopped my direct debit as they were takin money all the time from my account. They look down on you as if your no body they proper piss me off i hope they get what they deserve.
ReplyDeleteI have a loan with them and have missed a payment. Stopped bugging me for a week and I am now trying to contact them and the phone does not work - have they been disconnected for non payment? Be funny if they did - the phone company getting their own back!
ReplyDeleteI got a 25% reduction offer on my 8000 I owe on hp. They phone 10 times a day treatening me and just acting like a bunch of gangters. I got behind with payments andafter not excepting my offer to try and get out of arrears and literally bringing me to tears on the phone I havnt payed them for 6 months and ain't going to pay them at all. From wanting to take car tomorrow to offering reduced settlment and passing debt to a normal debt collection company I know they are having some serious problems so let's see how they like the stress! WELCOME FINANCE DO ONE YOU BASTARDS!!
ReplyDeleteI have a secured loan with them as well i borrowed 15k of then and having to pay 35 k back god nows how that work does anyone no what happens if they go bust will we still need to pay or does the debt get wiped
ReplyDeletei have been trying to pay off my loan since 2005 and it was only for 1500 pounds. i missed a couple of payments, as i had so many outgoings i was barely able to fill the food cupboard, and i concentrated on paying utilities for a time. Its 2010, i paid them a cheque for 1000 pounds, but they said thats just paid the interest off. In the past iv had them knocking on my door, ringing my work place, ( i was a nurse working on a busy ward), every member of staff they spoke to they told them my business, and finally when i treated myself to a well earned holiday with a friend, they had the cheek to say if i could afford a holiday, i could afford to pay them. i went through extreme anxiety because of that lot, and am still no better off. i hope they do go bust. Be doing alot of people alot of favours!!!!!!!
ReplyDeleteadding to the above, i searched to see if help was available and read reviews on welcome finance, all bad i have to say. when i phoned national debt helpline and mentioned them, they said that they have had so much trouble with this company! i remember when i took out this loan with them, and took the cheque to the halifax, and the halifax warned me about them but did i listen...no! never again!
ReplyDeleteHi everyone
ReplyDeleteI have a welcome account. I really wish I didn't have nay dealings with subprime lenders. I am up to date with my loan which is about halfway thorugh; I now discover that they appear to have gone bust. I have had a pretty awful year and have had to downsize my accommodation; I now am becoming anxious as there are cuts within the organisation who I work for and this could mean redundancies. Having read everything about this company and others like them (such as payday lenders) I am in two minds whether to cancel my direct debit instructions with them or not.
In particular I don't care for them knocking on my door....this must be classed as harrassment. I have already contacted my MP an the Prime Minster as ther is a campaign to close down or severely regulate what can only be described as legal loan sharks. I would have thought any reasonable Judge at a County Court would describe their interest rates are unjustified and possibly illegal.
Any advice as to whether I stick paying them or cancel my direct debit?
i have been told the financial ombudsman has made a report in the financial service compensation scheme's web site on the address below that welcome finance has gone into liquidation yippppeeeeeeeeee www.fscs.org.uk/news/2011/march/fscs-declares-welcome-financial-7pghpepm/
ReplyDeletei'm waiting for a mis sold ppi payment to the tune of £11,888!!! within the next 15 days if i dont get my money by the 2nd of sept i'm cancelling the direct debit to unwelcome finance. this direct debit is to the tune of £455.68 a month! i've already had £5602 wiped off by the fscs so can somone tell me why my payments aint going down??? i hope they have gone bust they ring your workplace your home your mobile and generally harass and bully you. good riddance unwelcome finance see u in hell!!!
ReplyDeleteive had the same thing from welcome, surley there is a law agaist this!!! even when i stopped work ppi did not even come in to it!! how can they charge you 8-10 times the amount for having bad credit and think thats ok!! my car was only worth £7000 in 2007, its now worth prob £3,500, i ask them for a settlement they wanted £9000, ive paid them over £7000 already how does that work??? if they had said £3000 i prob would of paid it, scums the lot of them....
ReplyDeleteIve had the same Problem With The Waynesville N.C. welcome Finance office inconsiderate nosey hateful you cant talk to them without they talk to you like your are dirt. I Got Laidoff In 2008 had to draw unemployment i tried paying my loan as best i could the manager was real inconsiderate my mom passedaway 2011 they treated me like i was scum i tried to explain situation thier answer was thats your problem didnt even show any respect at all.It was as if they didnt care about my situation at all. I HOPE THEY DO GO BANKRUPT AND THE OFFICE IN WAYNESVILLE IS THE FIRST ONE THAT GOES Theres not any excuse for them to treat people like this. Im having health problems they could care less . All they want is money. The Manager of The Waynesville Office called me 3 times in 1 day. called at least 20 times in 1 week. Shes taken me to small claims court I have Epileptic Seizures This has been very stressful on me they dont seem to care about you or your feelings. Im going to pay them off if i ever see them again it willbe to soon. They can kiss my Blank. I HOPE ITS REAL SOON WHEN THEY GO BANKRUPT THE SOONER THE BETTER. She willnot tell me what my balance or will she send me a receipt with my Balance Owed Until they Ive Been Advised By An ATTORNEY NOT TO PAY HER ANYTHING UNTIL SHE SENDS ME MY BALANCE I OWE AS OF TODAY.
ReplyDeleteHi All,
ReplyDeleteJust read all the above posts about welcome finance and I couldnt agree more. The staff of this company are the lowest form of scum around, I just wish i'd known they were going under earlier just so I could have laughed in their faces as they lost jobs, just as they laughed at me when my wife lost her job. wankers.
I still have an outstanding secured loan with them which i took out in 2004. I borrowed £11,000. when m y wife lost her job 12 months later i asked to reduce payments from £250, they did..... to £242.... and in doing so and unknown to me extended my term by 10 fucking years, Thats double the original. I have missed some payments since and have some arrears due the the change in intrest rates and my payments going back up to the original amount. I am now over paying by £20 a month and its not making a blind bit of difference.
I have done some number crunching and since 2004 I have paid welcome nearly £20,000, I borrowed £11,000. I recieved a statement from them with a settlement figure of £19,500. How does that work. Has anyone taken any formal advice on this or is anyone in the same boat.
I'm going to cancel my direct debit tomorrow and see what comes of it...... the fuckwits can talk to me through solicitors now.
Dear welcome staff, ( Waterlooville hampshire )
I really do hope you've all lost your jobs, and your now in the situation i was in a short while ago. I hope that you are the ones getting shitty agressive phone calls because you cant pay your bills, I hope that the stress of your job losses will make you really ill... and eventually you will die homeless unemployed worthless scum..... good riddence.
Kindest regards
Dave xxxx
to Anonymous17 May 2010 11:36
ReplyDelete10 phone calls a day is breach of OFCOM regulations. a company can only ring with contact with a customer 3 times a day maximum. you can report them to OFCOM for this and they will get fined for it. the staff there deny that welcome finance have gone bust but 2 of my managers who used to work there along with my ppi solicitor have confirmed that they have gone bust along with various bits on the internet. the staff are pushy, aggressive, demanding and we are requesting no contact by telephone which you can do. if you request all contact in writing they are to adhere to that and have to by law remove your phone number from your account. re credit file damaging welcome dont report to credit file. we have had 4 loans over 12 years and not one of them has ever been reported to credit file. we got threatened last night on the phone that our credit file was damaged. i advised the abnoxious little git that the loan started 6 years ago and to start reporting now to credit file was against the law. the report to credit file re the loan has to be done when you take the loan out not years down the line.
I have not even taken loan from them it's identity fraud and they are still sending
ReplyDeleteme letters to pay why should I pay for something I've not even used..... It's not fare they have ruined my credit history....
Hate Welcome finance with a passion- Bully boys , come knocking on your door - 10 phone calls a day etc etc etc Tried to charge me mad amounts of interest - Hope they all lose their jobs in Wales- They are trained to be cold - Well im cold now - Let me phone one of their reps and say to them "tough at the top" - Goodbye to these robot trained uncompassionate idiots !! They were ready to see people hang and they wouldnt feel a thing !!
ReplyDeleteI got a loan out with them in 2008 for 3000, to cut a long story short i end up owing them 8000!! I was doing an attachment to earnings with them a couple of years ago through my wages, I'm now unemployed so haven't been able to afford to pay for it, I've notice they haven't contacted me in months. Now I've just found out they've gone bust do I still need to pay that back? Will they take me to court for it? Or am free from it all?
ReplyDeletei hate welcome with a passion , and a car of them y reg astra paid it for over two years and then it got a engine problem , tried to make a claim on the warranty but wasnt worth the papper it was written on , so told them i wanted it cancelled which would lower the payments , unknown to me the bitch didnt do this but took out another 9000 loan which i signed now i have debt collctors chasing me well chase on you anit getting it
ReplyDeleteIt's only a mindless ignorant non educated arse like you that would make a comment like that. You probably work for welcome and are one if the cold heartless untrained sales representatives that people in this forum are talking about, 'lost your job have you', well think if the other people who gavegobe through the same and pleaded with welcome about their circumstances. The country is in a state because companies like welcome prey on the vulnerable, yes the vulnerable and take the piss, everyone is saying the same thing what you sign up for is not what you get with them you dope. I have heard of cases where welcome have done fraud on customer/contract agreements, what do you say to that? it would be interesting to hear your views on politicians and bankers because they have a lot to do with the state if thus country donut.
ReplyDeleteI bought my first car on finance with welcome and when it was wrote off as someone drove into me I was told the insurance don't cover it and I then had to sign new loan papers for the outstanding balance what I didn't realise was they turned it into a secured loan on my house and would do it no other way and they scrapped my car when I had wrote to them telling them I wanted to repair it myself, when my husband lost his job there bully tactics started nothing I offered was ever enough glad they go through it now
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ReplyDelete