Hi, first post so thanks for reading.

I have looked through the threads on here but haven't seen a problem like my one.

I claimed PPI on a loan that I took out in the early 2000s from Welcome.

The loan was £750.

Due to circumstances at the time o didn't manage to repay the whole amount, I think I missed the last 3 or 4 payments.

Welcome have sent me a PPI refund offer of £1247 which the day will be paid as follows:

£583 to reduce arrears on the account, and £664 to adjust the outstanding balance so that no further payment is made towards PPI.

On the next page of the letter, they say they sold my account to a DCA with a balance of £2855 and are in the process of repurchasing the debt.

Questions:

the amount the debt was sold for and is extortionate in proportion to the amount borrowed.

Should I ask for a SAR to clarify this?

How do I know that they are successful in repurchasing the debt and not just saying that?

Am I not entitled to PPI interest regardless of arrears?

What do they mean by adjusting a balance so no payment is made towards PPI?

Any advice on how to proceed will be greatly appreciated.

Many thanks