Hi everyone,This is my first time on this topic

.I am currently paying off two loans on reduced payments, one with Welcome which is almost finished and one with Norwich Union which is halfway through.

The Welcome document shows an optional payment protection insurance for £344 and healthcare for £170.The Norwich Union shows an item for Norwich Union Creditcare Gold for £369.Would I have case to reclaim these charges.Both date back to 2001.

Hi everyone,

I took out two loans in 2001,

the first was with Welcome Finance and

the second with Norwich Union.

The Welcome loan was for £1300 but I was also sold "optional" payment protection for £344.67

and Healthcare for £170. the APR was 57.1%.

The norwich Union loan was for £1000 but they also added "Norwich Union Creditcare Gold"

which came to £369.50.the APR was 21.8%.

When I look at the loan agreements now I'm amazed to see that the Welcome loan ppi/healthcare comes to 39% of amount borrowed

,and the Norwich Union loan creditcare gold comes to almost 37%.

The Welcome loan has been paid but I'm repaying the Norwich Union loan to Cabot(who have bought the debt).

Does anyone know if I have a chance of reclaiming these ppi's.

Yes indeed you do, get you claim in pronto it was massively mis-sold and was just a money spinner for the financial sector.

Read the links at the top of the PPI FORUM loads of info there to get you on your way.

Good Luck

If you need more help or advice post here and someone with the knowledge will be along.

PF

Thanks pompeyfaith,I'll check out the links.Thanks for helping me with my problem.

Hi everyone,

Today I phoned the OFT regarding claiming back PPI.

I was told that any agreements prior to 2005 were dependant on the finance/credit card company

being members of the General Insurance Standards Council,

if the company was not a member of GISC it could make any claim difficult.

Does anyone have any info regarding this matter.

Hi, The FSA regulates PPI from Jan 2005, prior to this it was regulated (to an extent) by the GISC. Insurance companies did belong to the GISC but Finance comapnies were not compelled to to join.

Ask the Insurance company if they were members of GISC

Hi PPI-HELP,

My claim is against Welcome and is for approx' £780.

Do you happen to know what this company is like to deal with.

I'm told they have now been taken over,

would this complicate my claim.

Hi PPI-HELP,My claim is against Welcome and is for approx' £780.Do you happen to know what this company is like to deal with.I'm told they have now been taken over,would this complicate my claim.

Some info on welcome.

305742 - Welcome Financial Services Limited

Current status: Authorised Effective Date: 02/11/2004 Tied Agent:

Undertakes Insurance Mediation:

Registered under Money Laundering Regulations:

Address: Mere Way

Ruddington Fields Business Park

Ruddington

Nottingham

Nottinghamshire

NG11 6NZ

Phone:44 0115 984 9200

Fax:44 0115 984 9302

Email:[email protected]

Website:www.cattles.co.uk

Notices: Unable to hold client money.

305742 - Welcome Financial Services Limited

Regulator Name Firm reference number Effective From To Financial Services Authority 305742 02/11/2004

Complaints Officer Address: Mere Way

Ruddington Fields Business Park

Ruddington

Nottingham

Nottinghamshire

NG11 6NZ

Phone:44 0845 618 7804

Fax:44 0115 984 9302

Email:

Website:www.cattles.co.uk

Hope this is of use

aa

Hi Alanalana,Thank you for the info.

Hi,I've seen quite a few ads on TV regarding PPi,they say you can make a claim for PPI refunds on loans ,etc up to six years.Is this a hard and fast rule or is it possible to claim further back.

the advertisements, the claims management companies – and most of the lawyers don't understand the principles involved here and therefore they don't know what your talking about.

If you claim the refund of payments on PPI which has been mis-sold to you, you are seeking the return of money paid under a mistake. The six years limitation period begins from the date that you appreciated the mistake or the date that you could reasonably have done so.

This means that if you only realised that PPI had been mis-sold to you, say, three years ago, then the six-year period began from that moment which means that it would have another three years to run.

If it was only reasonable that you could have discovered the mis-selling now, then the six-year period begins now and runs to 2017.

Thanks Bankfodder,We have had several loans over the last ten years or so,also a couple of credit cards.Can you tell me if there is a step by step guide to reclaiming PPI. From what I can gather it seems more complicated than the bank charges were.

The claim is not really all that complicated at all Joe.

Assuming you do not have copies of all the agreements, your first step would be to send a Subject Access Request (SAR) to your creditors.

This is a legal request for them to provide all the information they hold on you as a data subject.

There is more information about the SAR on the PPI homepage sticky entitled "full sar for ppi"

Once you receive all the documents give us a shout and someone will be along to help you with the next step.

Don't forget to send the letter addressed to the data controller at the creditors registered address and post it special delivery, keeping a copy of the receipt as proof of postage.

Good luck

DJ

Many thanks, I'll start the process now.Let you know how things pan out.

Hi everyone, Does anyone have an up to date address for Wellcome Finance ?.I'm in the process of reclaiming PPI from them.I sent off the first letter in August and got no reply.I used the address on the loan form, Wilford Business Park,Notts.

you need to use the cattles address at batley , yorkshire

Hi Postggj, Sorry but i'm a little confused.I managed to get a number for Welcome from the Web,their Birmingham branch gave me an address in Ruddington,Nottingham.

ruddington is the mere way address (compliance)

things have a habit of going mising

send recorded to this address and head it welcome finance

Cattles Limited Registered Office:

welcome finance

Kingston House

Centre 27 Business Park

Woodhead Road

Birstall

Batley

WF17 9TD

Thanks Postggj.

Beware i got my loan and PPI from Welcome finance and wasted an entire year exhausting thier complaints procedure . Getting no response i contacted the ombudsman who ordered Welcome to issue a final response .

The response stated i must direct my complaint to Bluesky Personal Finance and to this day i have no idea why ? something to do with broker ?

Bluesky Personal Finance

Tintern House

William Brown Close

Liantarnam Industrial Park

Cwmbran

Gwent

NP44 3AB

Anyway i wasted a year writing to Welcome , then another year writing to Bluesky , then another year writing to the Ombudsman , and this week i lodged a complaint against the financial ombudsman service because i am convinced the director actually owns both bluesky and welcome and so it is he whom ripped me off to begin with .

Its been a total waste of time for me but i wish you luck .

Thanks Minus-Millions,I'll try to have a look at Bluesky.In the meantime is there any cagger who may be able to shed some light on this matter.

well known con from welcome this

anything to do with welcome send direct to the address given in post number 4

cattles was welcomes parent company

Thanks Postggj,I'll send the identical letter to that address.The date of origin will differ though,Will that pose a problem ?.

no problems

as l;ong as recorded delivery

Hi everyone,I complained to Welcome Finance in August re PPI,today I received a letter from them (Final Response) they state that my complaint "is outside the relevent time limits."

They go on to say that "The rules of our regulator(FSA) state that where a complaint relates to an event that took place before 27 February 2003 we are not required to investigate your complaint.Sales of insurance made before this date were the responsibility of the insurance provider,not the broker who sold it"

They say as a result they have not investigated my complaint,and that if I am not happy with their decision I should deal with the FOS..within six months.

I really detest these bottom feeders and would be grateful for any help.