Hello, in 2004 we took out a loan with Welcome Finance.
This has now been repaid in full.
Now things are paid off I'm looking into re-claiming fees and charges etc.
On the day we took out the loan, the salesman was in a hurry as it was nearing the end of the month
and insisted the loan was signed off that day due to it being the end of the month.
I realise this was probably for his end of month targets maybe.
My husband was unable to leave his place of work that day
so we tried to make the signing appointment for the next day
however the salesman needed it all signing that day.
In desperation the salesman asked if I could take the paperwork to my husband to sign,
as if we didn't do it that day, we may not have the loan approved.
I took the paperwork to my husband to sign.
I then took the paperwork back to the office and the loan was granted.
As we were consolidating an existing unsecured loan with Welcome I assumed the loan was unsecured, but we found out a month later it was a secured loan.
During the course of the loan we successfully reclaimed the PPI as we were unaware that this had also been added.
This reduced the balance significantly which enabled us to finally repay the loan and get rid of the debt.
I am just wondering whether I would be able to question the validity of the overall loan,
have researched this on the internet but getting lots of conflicting information.
Does anyone out there know if this would be a possibility and if so where do I start?
Thanks for reading!