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| Welcome Financial Services | |
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| Topic Started: Jan 29 2007, 07:05 PM (127 Views) | |
| Richard | Jan 29 2007, 07:05 PM Post #1 |
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I have a rather interesting story regarding Welcome Financial Services. It all started in February 2004 when I saw a vehicle I liked at a local garage. I applied for the vehicle and got credit through the above company. After a short while I noticed that there were lots of problems with the vehicle (mainly the engine was unserviceable). To cut a long story short, I went through I eventually managed to get trading standards help and they got them to take the car back and to refund most of my money (I had now been in possession of the car for a few months so they kept a couple of months payments). I had not defaulted any payment or been late in any payment and had paid right up to when I returned the car. Since then I have checked my credit history and the sneaky gits have put 2 x 1 late payments (up to 1 payment late) and 1 x 6 late payments (up to 6 payments late). I only had the car for 9 months and there are 6 perfectly fine payments along with the above. Obviously the above credit history relates to at least 14 months worth of payments. Therefore I can only assume that Welcome have kindly done this as a final 'screw you' gesture and made my credit history bad. Is this legal ? I believe that due to this it may have stopped me getting credit elsewhere. |
 
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| Bakedalasker | Jan 29 2007, 08:14 PM Post #2 |
www.saynotoyes.co.uk
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Hi Richard, I would imagine it is not legal. I think the only thing you can do is write to Welcome informing them of this and requesting to have their information removed. If they dont comply then threaten to report them to the appropriate authorities. But sorry dont know who you should report them to. Anyone out there know? |
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| jenni | Jan 30 2007, 09:48 AM Post #3 |
www.saynotoyes.co.uk
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Do you have anything in writing from Welcome to say you gave the car back and they accepted this and were closing the account? If so I would speak to the credit reference agencies (Experian or Equifax) who can investigate this situation for you. This probably won't mean having all the details removed but it will have all the defaulted payments removed. What Welcome have done is say that you did not pay up to the 24 month mark when you could have VT'd the car. This is where the 14 months of missed payments come from. However, if they accepted the car back at 9 months and said they would no longer take payment for the car then it should read as "settled" on your credit file. I would also write a letter to Welcome (recorded delivery) demanding they correct the information on your credit file and inform them that you are in contact with the credit reference agencies about this matter |
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| Memnoch | Feb 6 2007, 04:41 PM Post #4 |
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I have sent a subject access request to Welcome Finance. |
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1:03 PM Nov 26
