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Welcome Financelies and dicite

i applied for a 13, 000 loan an a repesentative came round to my house to finalise it, as i have reading difficultys i asked her some finantial questions about what i was signing with the loan, i asked out of the 250 per month i had to pay, what will come off the 13, 000 loan and the intrest . she said 200 will come off the 13, 000 loan and 50 intrest per month, so to make it clear to me i said so after the first month of me paying 250 my loan will be at 12, 800 and i would of [aid 50 interest and the next month 2, 600 and so on and she said yes...so i signed!!! big mistace...tomake matters worce i had a x girlfriend living with me at the time and she was on my council tax so the loan woman said she neded to sign a form aswell, i said that is nothing to do with th loan is it? she replied noooo its just becouse shes on thecouncil tax and if i dint pay my loan she couldnt say she owns half my house so she signed!!!big mistaceagain after 2 years of me paying 250 per month off a 13, 000 loan im now at... wait for it 13, 500 plus my ex is joint applicant on yhe loan so she offishally ows half which i and the x did not want ... this woman lied and connedus decouse she probbley gets extra cash to geta loan going i think this is wrong ...now ive lost my home due tothis and im not paying them another penny they thretten to take it out of my wages but if they do i will not work please dont make the same mistake i did dont trust no loan companys and read everything over and over ...thank u

Responses

  • Ha
    Hazel Cunliffe Mar 07, 2011

    I took a car loan out with welcome finance in march 2007 on the understanding that work was carried out on the car i was purchasing from there liverpool branch .this included body work, spare key to be provided and passsenger wing mirror loose .up until today march 2011 i have still not had a spare key and wing mirror still not fixed ..in 2008 i asked welcome to reclaim the car from me as i was struggling to make the payments of £212. amonth due to splitting from partner .they refused to take the car back but said they could lower my payments to £88.74 a month but i needed to go to the stockport branch to sign for for this new payment .on the new paper work overall loan amount was for £4579.82 but the last statement i received from them said i still owed £9860.92 .I did ring them but did not get any clear answers to why this was they said it was because of the agreed lower payments ..I did manage to claim ppi's back from welcome due to being mis sold insurance but i still feel they are over charging me as the total they said to pay off was £10648.85 which is more than the car is worth ford focus 1.8 diesel on a 53 plate .I am not happy with this company and would erge people never to deal with them .i have found their service to misleading and not ver helpful.

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