ppi - Welcome Finance

[mel1236]

thanks, let me know if theres any other paperwork that u need to look at, they sent a tree load

[mel1236]

do u think i should write to them asking what happened to our original car and why it says in the box that they took it in part exchange for a pound when we was told (and also was advertised all over the telly at the time that they'd give a minimum one thousand part exchange), obviously we wouldn't have part exchanged are car for a pound...it had a few miles on the clock, with MOT and TAX but we would still have been able to sell for 8 hundred...so why would we sell it for a pound? and theres no paperwork other than that small bit that says we part exchanged it for a pound?

[jo0410]

I took out a deal with them in 2005 that was the same £1000 off no matter if you car had mot or tax or could even be worth next to nothing and they supposedly gave the £1000. I remember them vaguely saying at the time that to give me a more favorable loan amount rather than showing the £1000 as a part exchange price they just put a £1 in that box and took the £1000 off the new car price itself which was already highly inflated above the market value so theoretically they weren't giving you a £1000 off afterall.

[mel1236]

right i'm not getting much help so i'm trying to muddle on, i've just been on the interest calculator and i'm a bit of a dumb blonde, do i put the cost of the car 7504.00 or do i put in the total amount payable which was 15,355.40 and do i put the interest what they where charging me 38.1% or 8%...sorry to be a pest but wanted to get my ppi letter off asap

[mel1236]

right like i said i'm totally blonde......we didn't have any PPI on the car, any clues as to what i might be able to claim back.....GAP or breakdown insurances maybe

[dx100uk]

any ins is classed as ppi so's just do it the same method

 

i'd pm dj1971, very good at sorting these things

 

dx

[moosehead]

good afternoon,

 

i am wondering if someone can help. i have applied for PPi back from Welscum finance but they have said as i am in default this will be put back onto the end of the loan. Can they do this?

[mel1236]

i would say they probably could, don't quote me, but it makes sense, they wouldn't pay out if you owed them money

[dx100uk]

they can only take ARREARS from any reclaim

have you your own thread

 

dx