Welcome Finance PPI Claim

[dx100uk]

on every other WF PPI reclaim thru the FSCS they are included

 

 

can we see the letter

 

 

dx

[hoverfly]

Hi there,

 

I have attached their calculation sheets from both loans. Do you need the letter aswell?

 

Have you come across anyone that's managed to reclaim the Medicare insurance?

 

Thanks

[dx100uk]

yes as said its usually taken as a whole within the PPI

never seen the FSCS ignore or single it out before

 

 

read ing

 

 

dx

[hoverfly]

If FSCS are paying other insurances back on loans after Jan 2005,

 

why aren't Welcome paying them on loans prior to the 2005 FSCS takeover?

[dx100uk]

cause they can.

 

 

law to their own.

 

 

did you p'haps list them sep in the spread.

I'm sure even pre 2005 welcome have coughed

and just inc all the insurances as PPI

 

 

dx

[hoverfly]

I included all insurances in my spreadsheet and even added in my letter that I wanted to reclaim them.

 

I'll have to give them a call tomorrow about that then.

 

I also have a question about their compensation calculations - on the second page of each loan calculation in column 'Q' (value of adjustment to this account or subsequent account) - would that be the amount that I was under rebated on PPI at the end of each loan? Have they added that into the figures on the front page or have they short changed me?

 

I can't really explain it very well because I can't get my head around it.

[dx100uk]

spreadsheet please we don't know what you should be getting

 

 

well I don't ims might

 

 

dx

[hoverfly]

The reason I ask is that my spreadsheet calculations are about £700.00 more than what they

are offering me - £250.00 of that difference is the Medicare but there's still a large gap.

 

If I add what they have offered me £1779.63 plus the two figures in column Q £121.33 & £342.67

and then add the Medicare of £250.00 that brings the total to around what my spreadsheet tells me, which is about £2500.

[hoverfly]

Is there anyone who can help me understand these figures??

 

Many thanks

[ims21]

Is there anyone who can help me understand these figures??

 

Many thanks

 

As dx suggested....can you please post up your spreadsheet?

[hoverfly]

Hi, thanks for coming back to me.

 

The original spreadsheets are on the first page of this

thread. But what I did in the end was add the PPI and

medicare together and sent that spreadsheet to Welcome,

stating that I wanted to reclaim the medicare aswell.

 

I have attached the spreadsheet that I sent them.

 

Thanks

[hoverfly]

Bump

[hoverfly]

As dx suggested....can you please post up your spreadsheet?

 

Hi ims

 

I was wondering if you might have some time to take a look at my calculations... Welcome have given me until this Wednesday to reply to their compensation offer.

 

Many thanks

[ims21]

In principle the spreadsheet looks ok.

 

You might want to write back to Welcome and ask them why they feel the medi-care has not been mis-sold and why they have not included it in their offer of redress.

 

Don't worry about the time limits they try to impose.

[hoverfly]

The reason I ask is that my spreadsheet calculations are about £700.00 more than what they

are offering me - £250.00 of that difference is the Medicare but there's still a large gap.

 

If I add what they have offered me £1779.63 plus the two figures in column Q £121.33 & £342.67

and then add the Medicare of £250.00 that brings the total to around what my spreadsheet tells me, which is about £2500.

 

Do you understand how they work out their calculations... the figure on my spreadsheet is way off what they're offering me and I was wondering if my spreadsheet is wrong or if they've short changed me.

[dx100uk]

FWIW I make their offer of rebate on the PPI alone for both greater than what it should be.

 

 

for instance you've not paid £329.50 toward it in actual payments but only £258

 

 

so FWIW I'd accept that.

 

 

I'm puzzled by the use of the scheme to reject charges reclaiming

 

 

I'm puzzled by the exclusion of medicare

 

 

in the past and since the scheme they have always done both

 

 

dx

 

 

 

 

dx

[hoverfly]

To be honest, I don't understand any of it. I don't know what interest they use either.

 

Are the figures in column Q on their calculation sheets for the amount I was "under-rebated"? If so, the spreadsheet is about £100 more than what they're offering me.

[hoverfly]

I'm also very puzzled why they rejected my charges complaint... I've seen another post

on here where WF have paid some of the unfair charges back for dates (around 2008)

that aren't far off the dates of my charges.

[dx100uk]

I know its strange

there are several PENALTY charges reclaim from before and after that date..weird.

 

 

I'm playing with a spread at present.

 

 

if you simply use the ppi oly [19.69?PCM] it works out less than welcome are offering.

 

 

dx

[hoverfly]

In column H - (amount of payments received towards PPI & interest), does this amount

actually get included somewhere in their calculations because I can't see it?

[dx100uk]

we've had powercuts all day here due to high winds

 

 

I've just notice my copy of the statint sheet is corrupted.

 

 

i'll have to start again.

 

 

disregard my observations for a mo on the reclaim figure.

 

 

dx

[hoverfly]

OK, no probs

[hillards]

I had a go at Welcome to try and get the care and MIF back, but they sent a letter about high court sanctions saying they cannot deal with those items, only PPI.

 

My thread is at: http://www.consumeractiongroup.co.uk/forum/showthread.php?422956-Hillards-v-Welcome-MIF-amp-insurances-re-claim

The letter about what they cannot pay out is at #13: http://www.consumeractiongroup.co.uk/forum/showthread.php?422956-Hillards-v-Welcome-MIF-amp-insurances-re-claim&p=4560872&viewfull=1#post4560872

[hoverfly]

Hi there Hillards

 

As yes, I've had one of those letters before when I tried reclaiming the charges on my accounts.

They may be insolvent but it doesn't seem right that they get away with not paying for what

they've done to so many of their customers!

 

I don't trust them at all, which is why I've been trying to get some help to work out their

compensation calculations.

 

I sent them an email asking why they felt the medicare wasn't mis-sold (they didn't refer

to it in their letter). I should expect another letter about "the scheme" then!

[hoverfly]

Yep, the response I thought I'd get!!!

 

We won't pay you because we're covered by "the scheme".

 

dx - you say above that you've come across people that they've paid... are there any posts on CAG that say Welcome have repaid the medicare and charges after the scheme start date of 2 March 2011? I've been looking but haven't found much.

 

Many thanks