welcome finance help

[andie_303]

not sure if the original loan was enforceable as they added the amount of credit to the ppi to give a total amount of credit i was paying interest on the ppi

 

 

think you may be a little confused - there is nothing wrong with paying intrest on PPI as long as they have showed this on your agreement - it's intrest on acceptance fee if they have not declared thats a no no

[biddy65]

think you may be a little confused - there is nothing wrong with paying intrest on PPI as long as they have showed this on your agreement - it's intrest on acceptance fee if they have not declared thats a no no

sorry i did mean on the old agreement its got acceptance fee 235.00,mortgage indemnity fee 1858.85 total charges other than interest 2093.85 total amount of loan 21615.61

[biddy65]

had a phone call from collections department today asking me to ring them,should i or not as at the moment the fos are still dealing with the ppi

[postggj]

my own opinion would be to ignore collections

wait for them to send a letter

they will have to tell the truth that way

 

you have covered your rear by the fos

[biddy65]

had another three phone calls while i was away asking me to contact collections,still havent rung them,still havent heard anymore from the fos,its been passed to another caseworker and they have asked welcome for further info again.should i still wait?

[postggj]

Just Keep Logging Those Harrasment Calls

Wait For Any Correspondants By Post

 

They Cant Con You That Way

[biddy65]

havent been on for a while as things ad settled down and am still waiting for fos who are still investigating.however today received default notice even though account is indispute askinf for arrears to bw paid in 14 days,if not they will pursue for an attachment of earnings or pursue the surety what is the surety and where do i stand if the account is in dispute?

[postggj]

Just Ignore

 

Its Getting Near The End Of The Month

[biddy65]

received a letter today rom a solicitor firm regarding the outstanding amount from welcome.threatening to repo house but there is no equity for them also the loan is still in dispute,have not heard anything from welcome for over 18 months .what should i do

[BLACK AND AMBER]

As there is no benefit to the repossession ie Mortgage company (1st charge) would have to be settled first and as negative equity, they would have outstanding balance and therefore Welcome would be due to naff all, no way is any authority going to sanction re-po. It is important however, that you remain arrears free on the mortgage.

For peace of mind, you may want to ring mortgage co and ask them to confirm they are happy with your current position.