Welcome Finance PPI

[craigamc]

What do you think of this?

23 January 2007


Customer Relations Manager
Welcome Finance Services

Kingston House
Centre 27 Business Park
Woodhead Road
Batley
West Yorkshire
WF17 9TD


Dear Sir or Madam,


Re: Claim for Refund Of Personal Loan Insurance
Policy Number WMCxxxxxxxxx

In July 2005 I was approved a loan for £1,000. I was advised that as condition of the loan, a payment protection insurance (PPI) would be part of the loan, as it would insure payments would covered if I were to become unemployed or was unable to work. This was in the form of an additional loan totaling £542.91

It is fact that you are not allowed to make(PPI) a condition of a loan.

I therefore consider that I have been mis-sold this expensive insurance, and request that a full refund of all costs incurred through the aforementioned PPI, including all associated interest, and that the loan agreement schedule and payments be adjusted, to incorporate the removal of all costs associated with PP1 and itself as detailed.

I would appreciate an immediate response to this letter that will conclude this matter as mentioned.

Yours faithfully,

Mr C McCarroll

[reidnet]

Hi,
Letter looks ok to me, But I may be inclined to give them 14 Days to refund the PPI and Interest. I would add in that if they do not respond in a possitive manner within 14 Days you will send a LBA giving them a further 14 days to settle your complaint, and if they do not respond in a positive manner after the 14 Days on the LBA then I would go down the road of going to court to recover the Money.

I would advise this in case you do have to issue a claim via the small claims court system, If you do go to court you have to at least show that you have given them a reasonable timescale to refund the PPI plus Interest. 28 Days is seen by the court as a reasonable time to settle a complaint.

They will fight harder over Mis Sold PPI than they do re bank charges. It is a bit harder to Prove Mis Selling, so be prepared for a bit of a fight.

That is just my opinion on the matter.. But please put some thought into being reasonable before diving in.

Good Luck

Ian

[itsmeandonlyme]

Originally Posted by craigamc

What do you think of this?

23 January 2007


Customer Relations Manager
Welcome Finance Services

Kingston House
Centre 27 Business Park
Woodhead Road
Batley
West Yorkshire
WF17 9TD


Dear Sir or Madam,


Re: Claim for Refund Of Personal Loan Insurance
Policy Number WMCxxxxxxxxx

In July 2005 I was approved a loan for £1,000. I was advised that as condition of the loan, a payment protection insurance (PPI) would be part of the loan, as it would insure payments would covered if I were to become unemployed or was unable to work. This was in the form of an additional loan totaling £542.91

It is fact that you are not allowed to make(PPI) a condition of a loan.

I therefore consider that I have been mis-sold this expensive insurance, and request that a full refund of all costs incurred through the aforementioned PPI, including all associated interest, and that the loan agreement schedule and payments be adjusted, to incorporate the removal of all costs associated with PP1 and itself as detailed.

I would appreciate an immediate response to this letter that will conclude this matter as mentioned.

Yours faithfully,

Mr C McCarroll

Well done Craigamc, great letter but you should send it to the Head Office in Ruddington for the Chief Executive attention....Send it by recorded and phone them in 2 days to confirm they received the letter.



Ian is right... it's a long way till you get your money back from WF....so be prepared)))))))))

G d luck and keep us updating))))

[Bicester1]

Hi

Yes ok but I would agree with reidnet give them a reasonable timescale in writing laid out in the prelim letter,14 days from your prelim to an LBA an then another 14 dayas to proceedings. Something like this :

My targets to resolve this matter


I hope that you will enter into a sincere dialogue with me about this matter and I am writing this letter to you on the assumption that you will prefer to do this than merely respond with standard letters and leaflets. I will give you 14 days to reply to me accepting, unconditionally, my request in principle and letting me know a date by which I will receive payment.


If you do not respond, or you do not respond positively, within this time period, I shall send you a letter before action giving you a further 14 days in which to reflect. I believe that this time frame is sufficient for a large company such as yours with its dedicated staff and departments. After that, there will be no further communication from me and I shall issue a claim at the expiry of the second deadline.

Sick at it and good luck.

Oh one other small thing I think you mean ensure not insure !

Good luck

Bicester1

[craigamc]

Thanks for your help and support

I will make amendments and send off, I will let you know progress

[reidnet]

Good luck Craig