please can someone help me figure out if welcomes figures are correct?

[postggj]

Did You Locate The Statement Of Price

[yekrats]

putting in APR higher than actual is not an offence (the opposite is ) and this would appear to be a variable rate agreement bit like a credit card

I have a programme called discounted cash flow and can get up true apr etc in seconds Mark would u like a copy it will e mail

in this case APR 30.5 true rate 26.95 flat rate 15.63

Bet this Agreement says estimated interest on it

You could try mis selling of add ons ppi refusal is not a valid /legal reason to refuse you a loan Welcome are notorious for mis selling or as you may prefer lying !

[emanevs]

total amount of credit is where I am coming from.

 

If this is wrong, non brainer.

 

unenforceable.

[postggj]

putting in APR higher than actual is not an offence (the opposite is ) and this would appear to be a variable rate agreement bit like a credit card

I have a programme called discounted cash flow and can get up true apr etc in seconds Mark would u like a copy it will e mail

in this case APR 30.5 true rate 26.95 flat rate 15.63

Bet this Agreement says estimated interest on it

You could try mis selling of add ons ppi refusal is not a valid /legal reason to refuse you a loan Welcome are notorious for mis selling or as you may prefer lying !

 

beg to differ

 

the varience on interest rate is 0.5 and 1 %

estimated does not cut the mustard

its a legal document

 

can you email this apr calculator please

[emanevs]

looks a crap calculator....

 

:D

[mark1arby]

putting in APR higher than actual is not an offence (the opposite is ) and this would appear to be a variable rate agreement bit like a credit card

I have a programme called discounted cash flow and can get up true apr etc in seconds Mark would u like a copy it will e mail

in this case APR 30.5 true rate 26.95 flat rate 15.63

Bet this Agreement says estimated interest on it

You could try mis selling of add ons ppi refusal is not a valid /legal reason to refuse you a loan Welcome are notorious for mis selling or as you may prefer lying !

 

Yekrats. Great stuff, thank you. Your input is already paying dividends. You will see that there are people here who DO Know their Stuff.

 

If you could please e mail that to emanevs or post. PM them and they will I presume gratefully accept.

 

Cheers, MARK

[yekrats]

hi Mark will gladly e mail copy of discounted cash flow but how do i get e mail addresses?! This calculator is used by the finance industry for it also works out commisssion !

[ozzywizard]

can you send it me to look at please my mail is my username here @ msn.com . . . thanks. .

[jamesf104]

you have not said what year this loan was taken out, I mention this because FOS will not help with older loans, I think before 2005 as welcome were not regulated until then. Im assuming its a later loan.

[donkey123]

its dated 09/05/05

[postggj]

james

 

thats ppi claims they wont get involved in only

 

YEKRATS

 

ANY CHANCE OF THAT CALCULATOR

PM ME YOUR EMAIL ADDY PLEASE

[donkey123]

ok just received a ppi questionaire from them and they've said in the letter that they dealing with my complaint, however i think they have avoided my other objections except for ppi

[yekrats]

Anybody who wants a copy of Discounted cash flow calculator please e mail your request to [email protected]

Please do so quickly as this e mail addy is closing in next few days

[ozzywizard]

received with thanks

[donkey123]

so any tips for filling out ppi complaint form they have sent?

[donkey123]

any luck with summarizing what i should put in complaint letter postggj?

[ozzywizard]

Donkey, plz give me summary of were your upto with your PPI claim, from what I understand you have the questionaire so have you filled it in ? why do you believe you was missold ?

[donkey123]

Ok these are scans of the PPI questionaire, i'm not sure how these relate to the legality of PPI, any advice would be appreciated

 

welcome :: img001.jpg picture by purplegnome123 - Photobucket

 

welcome :: img002.jpg picture by purplegnome123 - Photobucket

[ozzywizard]

Hey Donkey, im at work now but I will help you with replying to this before the weekend is out.

 

quick summary of why you think you was missold will help and if the PPI is still on your loan or not.

[donkey123]

yes its still on my loan, I was told I had to take this out otherwise I would not be given a loan. Being desperate for the money I agreed to it. Also I was told I needed to get medicare to get the loan, I wasn’t asked any medical questions by the staff

[ozzywizard]

1) Why do you now believe PPI policy is now not suitable for your needs.

 

Please refer to page one question one as not enough space to write here.

2) at the time you bought the ppi were you in paid employment.

 

Please refer to question one page one as not relevent to my complaint.

 

3) has the nature of your employment changed since you bought the ppi.

 

Please refer to question one page one as not relevent to my complaint.

 

4) was your job secure, was their risk of losing your job.

 

Please refer to question one page one as not relevent to my complaint.

 

5) when you bought the policy were you in good health.

 

Please refer to question one page one as not relevent to my complaint.

 

6) how long would your income of lasted if you had lost your job.

 

Please refer to question one page one as not relevent to my complaint.

 

7) how long would your income of have continued if you had been unable to work due to accident or sickness.

 

Please refer to question one page one as not relevent to my complaint.

 

8 ) at the time you bought the police did you have anyone who was financially dependant on you.

 

Please refer to question one page one as not relevent to my complaint.

 

9) at the time you bought the policy did you have any other policy that protected your income in event of sickness or accident.

 

Please refer to question one page one as not relevent to my complaint.

 

10) any other comments to support your claim.

 

Please see page one question ten as not enough space to write here.

 

......................... ......................... ......................... .....

 

seperate letter.

 

 

Response to question one.

I was informed by your agent that my loan would not be accepted unless I took out the payment protection insurances. I have subsequently discovered that all insurances should be optional; I was NEVER given any option to take the loan without the insurances and was never provided with a comparative quote for the loans without the insurance premiums attached.

 

 

Response to question ten.

I was explicitly informed by your sales agent that we would not in any circumstances qualify for the loan without insurances attached as I was a “bad creditor”.

This I now know to be incorrect and feel you have created an unfair relationship due to the fact that the attached insurances are supposed to be optional.

Quite simply we were never given the option of taking out the loan with no insurances attached, the insurances themselves were not fully explained (Other than they were a necessity) and therefore were not sold following an accurate analysis of whether or not we required said cover and therefore were missold.

Therefore questions 2-9 on your questionnaire are not applicable to be answered, there was no investigation at the time of the loans as to these circumstances and the suitability of the cover and looking back in hindsight on these would only cloud current matters.

Put simply it is irrelevant as to whether or not policies may have benefited me as the option to take these out was never presented and I was misinformed that they were in fact compulsory after later discovering that they were optional. My circumstances were not considered at the time of applying these policies to my loans; therefore play no part in assessing mis-selling after the event. I was told that I had to take out the insurance to get the loan and so was misinformed and would like this resolving immediately.

[pears23]

Fab response Ozzy:D

[ozzywizard]

Thanks, its the only response as questions 2-9 are there to catch you out and if you do not complete form you are not assisting welcome with your claim so the quickest route is to answer but give nothing away. MajorPlayer has posted a lot on this and helped loads on this process.

Also the above procedure with welcome is proven to work for a fast paying result. You want the premiums back plus interest plus the 8% stat interest.

[beyondhope]

good stuff ozzy

[donkey123]

Thankyou so much