Thread: Welcome Finance too good to be true?

Hi all!

I have been reading for months now about Welcome Finance and was just looking for some advice. I originally took out a loan in 2007 for £2000 which included PPI. Now my dad says its not worth it so I cancel and the loan is rewritten. I have since topped up the loan twice and to be honest have really had no problem, never really hear from them. I only have a credit agreement signed in 2008 and not the previous 2. Anyway do you think its likely that these agreements are totally above board? Should I be looking into this. Also I have never had an annual statement from welcome is that because I have topped up and these are classed as new agreements and the statement will only be produced one year after the last agreement was signed? Do you think I have the only welcome loan that's been done properly? lol

did the future topup loans have PPI etc

to have a top up, you would need a new agreement or an agreement to modify

the only way to get the previouse agreements etc is by an SAR

does you new agreement have anything ref insurance

they usually try some con

besides ppi might be under
life care
home care

etc etc

No i bascially refused everything, which they weren't too pleased about! Just worried that with no statements they could have added anything on! Also should i pay an acceptance fee on each loan? and I have the good old 37 months showing on my credit report instead of 36!

there should be no acceptance fee as you have allready paid it

all you are doing is altering the first loan by modified the original agreement

by law a statement needs to be sent every 12 months

demand it

its the law

Ok I will!
That means I have paid 3 lots of acceptance fees and I take it the interest on these will just be getting rolled over and over....

Also is there an official letter for demanding an annual statement?