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PPI Claim Welcome Finance/Broker


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Hi

 

Have being trying to reclaim PPI plus othe insurances from Welcome for some time.

 

They say that as the Broker sold it i should claim against the broker.

 

As it is a Welcome policy - sold with their HP agreement - and with the fact i have evidence the broker got a secret commission from welcome, what is my best option?

 

Should welcome have checked that all needs and demands questionnaires were done etc?

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  • 5 weeks later...

Hello Dadofholly.

 

I'm in the same boat mate, they sent a letter the other day saying that they never had anything to do with the sale of ppi and that i should contact the broker. The broker had nothing to do with the sale of ppi, because the proof i have lies solely with welcome !!

 

welcomes own t & c's clause 15 states that they are responsible for all insurances...... I'd like to no what they are playing at !

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Hello Dadofholly.

 

I'm in the same boat mate, they sent a letter the other day saying that they never had anything to do with the sale of ppi and that i should contact the broker. The broker had nothing to do with the sale of ppi, because the proof i have lies solely with welcome !!

 

welcomes own t & c's clause 15 states that they are responsible for all insurances...... I'd like to no what they are playing at !

 

Well spotted will have a look at that.

 

In my case it was arranged by a broker - but i can prove it was mis-sold and have forged signatures. I think they are arguing that it was mis-sold at the point of sale, (which is true), but he was acting as their rep as they paid him a commission.

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If Welcome are saying they are not involved in the sale and they didn't sell it then maybe they should explain this....

 

15 PAYMENT PROTECTION INSURANCE

Where you have opted for Payment Protection Insurance overleaf;

15.1 we shall effect a policy for Payment Protection Insurance with a reputable insurance company ("Insurers") in relation to

this Agreement, you and the payment of the Payments by you to us;

15.2 you authorise us to pay the Payment Protection Insurance premium to the insurers;

 

I hope this is helpfull

Btw this is clause 15 from their own T & C's.....

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Legal defenition of the word effect..

 

As a verb, to do; to produce; to make; to bring to pass; to execute; enforce; accomplish. As a noun, that which is produced by an agent or cause; result; outcome; consequence. The result that an instrument between parties will produce in their relative rights, or which a statute will produce upon the existing law, as discovered from the language used, the forms employed, or other materials for construing it. The operation of a law, of an agreement, or an act. The phrases take effect, be in force, and go into operation

 

So in other words.................. they sold it.

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  • 1 year later...

The FSCS have been dealing with a claim of mine from Welcome since the 25th Feburary. Everything seemed to be progressing nicely until about a week ago, there was an issue with it being broker sold. It all of a sudden looks quite ominous for me now as i can see welcome trying to wash their hands of it. It appears that Express Finance are now responsible although i phoned and told the FSCS sbout section 15 of the terms and conditions as mentioned. The advisor couldnt comment much more on the claim, only saying there is no time scale now as it can take a long time to get through legal issues. All my dealings have been with Welcome finance and then all of a sudden you hear oh we arent responsible for your ppi!

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The FSCS have been dealing with a claim of mine from Welcome since the 25th Feburary. Everything seemed to be progressing nicely until about a week ago, there was an issue with it being broker sold. It all of a sudden looks quite ominous for me now as i can see welcome trying to wash their hands of it. It appears that Express Finance are now responsible although i phoned and told the FSCS sbout section 15 of the terms and conditions as mentioned. The advisor couldnt comment much more on the claim, only saying there is no time scale now as it can take a long time to get through legal issues. All my dealings have been with Welcome finance and then all of a sudden you hear oh we arent responsible for your ppi!

 

If you get nowhere with the fos let me know and i can recommend a firm that may take it to court on a cfa basis - after a recent case they have the measure of welcome and are very keen to get them on the stand under oath. Can't say to much yet - but if you get no joy it would not harm to sound them out - they need to be properly tested on this. And their evidence but under very close scrutiny.

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Cheers for that. I have never known a more shoddy organisation. They even lost 2 letters of mine requesting my ppi to be cancelled. I really had alot of faith with the FCSS, not sure if i am so positive about them now.

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They didn't 'lose' your letters - they ignored them - they done the same with me and claimed they never recievedthemt - except on one occassion i had my wife take a photo of me in their office, at the desk, and holding the letter, before handing it over in person.

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They didn't 'lose' your letters - they ignored them - they done the same with me and claimed they never recievedthemt - except on one occassion i had my wife take a photo of me in their office, at the desk, and holding the letter, before handing it over in person.

 

I cant beleive that about your Wife!! I went into the Belfast branch and signed a welcome finance headed paper in the prescene of an advisor and it was still lost or as you put it, ignored.

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