Jump to content


welcome finance


karen654321
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5215 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hiya i was just wondering if anyone could help me with understand the figures on a credit agreement my husband has with welcome.. I am just about to send first letter of for refund of missold ppi but i do not understand some of the figures..

amount of credit for the goods.... £8844.00

amount of credit for the insurances £3073.39 (what is this)

total amount of credit £11917.39

 

duration 48 months

 

total amount payable for the goods £13412.36

total amount payable for the insurances £4548.48 (what is this)

total amount payable £17960.84

ppi £2328.39

mechanical breakdown ins £500.00

shortfall ins £245.00

cash price of goods £8845.00

total cash price of ins 3073.89 (dont know what this is)

total cash price 11918.39

acceptance fee 150.00

finance charges for goods 4317.36

option fee 100.00 (any ideas what this is)

charge for credit for goods 4567.36

charge for credit for insurances 1475.09 (no idea again)

total charge for credit 6042.45

rate of interest on credit per annum 12%

 

if anyone can help it was be greatly appreciated..

thanks

karen

Link to post
Share on other sites

Hi Karen

 

When you sign up for PPI it's normally added to the loan upfront. On the loan they have added about £4500 for insurance which is very expensive.

It is posible to claim this back if you believe you were mis sold. One common complaint is that the insurance may have been offered as a condition of your loan. If this is the case, then there is a clear case of mis selling, and it should be paid back. Another one is due to ill health. If someone has a condition not covered in the small print, then it can be claimed back. They never seem to ask medical questions when filling out insurance forms. I have'nt had questions about any conditions i may have. Mind you being a Pilot they probably assume i am fit, and don't bother with the questions. It does involve lots of letter writing. Have a look at the PPI forum on the main forum page.

 

http://www.consumeractiongroup.co.uk/forum/ppi/

 

Uk

  • Haha 1

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

Link to post
Share on other sites

Karen, was this loan for a car?. .

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...