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Welcome finance charges and intrest need help PLEASE!


christub1
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Im new to this forum I would really like some help regarding a loan I took out with Welcome finance.

 

I took the loan out in July 2006 for £2000, i was quite desperate at the time for the money and the intrest is about 45%. Im paying £143 a month back over the 3 years. I thought I made my last payment in September as I missed 2 payments through my 3 year agreement. Then I get sent through a statment saying i still owe them £1200 for charges and intrest to the account without any letters prior to this regarding the charges and the intrest added to the account, because I missed a payment they where adding intrest to the account every month of around £78 so in the end my monthly payment was only £70 instead of £143 because of the intrest and charges.

 

The local office has called me a few times saying they will be doing a special deal for 30 days only so I can pay the remaining amount off with a discount of 30% so roughly £700 ish one lump sum.

 

Im refusing to pay this as its a crazy amount as ive paid what I agreed to borrow back. Is there a way to claim back the charges, ppi and intrest?

 

I appreciate if someone could help me regarding this case.

 

Many thanks

Edited by christub1
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I ve paid back what i owed but paying back the arrears welcome finance have added to the account. I just feel seeing this statement they have sent me when i found out i still owed 1200 i feel its really unfair the charges and intrest they have added.

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