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early settlement: what happens to insurances


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I have been having terrible trouble with this company and have started the fight back with the help of all you cagers


My question is i had a car loan with welcome lasting for four years and included several insurances, ppi, shortfall extra, and mechanical breakdown.


I traded it back to welcome after paying nearly a grand for a new exhaust after two years deciding the car was too expensive to run and as the children was getting older requiring a smaller car.


Having purchased another car from welcome eighteen months ago i now feel the previous car agreement was settled without taking into account any early settlement for both the purchase and insurances


does anybody Know or tell me what is expected for sttling half way through an agreement and is a refund of insurances a reasonable expectation



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i feel you know the answer to that question essexboy


the premium for these and i call very suspect insurance product, are paid up front in a front loaded payment


beeing you have paid for it


so say the agreement only runs through to 50% of the term, a refund or rebate on another agreement should be given to you


but welcome allways forget this



as these policies are allways missold, the fos will get your money back, they have upheld every complaint ive seen ref misselling


but still use the direct route with welcome while the fos find time to deal with your complaint

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hi postggi


so am i correct in my understanding that i should have received a discount not only for interest charged but a rebate for the ppi and shortfall extra and mechanical breakdown insurances


do you know how i would calculate this figure as i did a calculation at the time of purchase of the newer car and this was somewhat lower to welcome evaluation


their evaluation was added to the new agreement so do i still have a right to pursue this claim


have requested all information regarding all accounts ever held with welcome and this was in january and still waiting



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