Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Im all new to this but have been reading with great interest some of the threads on here, and so decided to join the ranks ! I have an unsecured loan with Welcome Finance which was taken out in approx 2004. I think it was only for £1000 initially but since then I have topped this up, each time paying off this last loan. I had been paying approx £230 per month for my loan but in June 2007 I discovered I was pregnant and would be taking 6 months maternity leave. I spoke to Welcome who were actually very helpful ( I know its hard to believe - or maybe Im just being naive ! ). Anyway they agreed to reduce my payments to £115 ( also cancelling the PPI )per mth but as I only had 2 years left to run until the loan would be paid, this time would now be doubled to 4 years - which I understood. Im not after getting the loan declared as unenforceable as I dont think I fit the criteria, but what I do want to find out is if I can get the PPI back ? I was told that if I didnt have it then I wouldnt get the loan, I wasnt aware that I could have arranged my own insurance ( I read this somewhere on here ). I was very naive at the time I had taken out the loan and my credit history wasnt the best, so at the time it seemed like the best option. I have written to Welcome Today asking for the PPI to be refunded to me as under the above explained reasons, I believe myself to have been missold the PPI at the initial term of the loan. How much of a chance have I got with this or am I completely wasting my time ? Also does anyone know with my initial payments of £230 from 2004-2007 how much I am likely to get back if anything ?
Id appreciate any help at all on this
Hi
Regarding how much you will get back can not realy tell how much as all you have is the total amount you pay per month for the loan and PPI included together plus if you have paid it off early you should have been given a rebate but thats not guaranteed to have happend. The best bet is for you to send them a Subject access request which you can find in the stickys under Full S.A.R. You should then receive all of the paperwork for all of your loans with them i.e. credit agreements you can then roughly work out how much you can reclaim.
As with all providers they will not uphold your claim so you will have to pass it onto the fos or if the loan was taken out before 02/11/2004 you will have to go through the small claims court.
Once you receive any paper work back from welcome come back and we will help you from there.
Help !!! With Welcome Finance
some of the threads on here, and so decided to join the ranks ! I have an unsecured loan with Welcome Finance which was taken out in approx 2004. I think it was only for £1000 initially but since then I have topped this up, each time paying off this last loan. I had been paying approx £230 per month for my loan but in June 2007 I discovered I was pregnant and would be taking 6 months maternity
Reply With Quote