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hi people, new to this forum, but from the posts I read on here through good ol' Google searches it sounds like forum to be part of!
Anyway, onto the subject at hand - I took a £500 loan from these bandits in 2003, and then a top-up of £1,250 in late 2004 as I had just split from my partner and was in the mire.
Since then they have moved it to local branches wherever I have moved, who have on some occasions 're-scheduled' the loan (by way of drawing up new agreements that I never saw or signed), to which I guess they were front-loading more interest on top of the interest and so on.
The situation now is that I still owe £2,400 six years later, which is currently being managed on my behalf by a DMP.
I got confirmation from the DM people that the interest was not 'zeroed' (like many of my other creditors) but 'front-loaded', which I assume means they calculated it and added it to the total , but it makes it appear to be zero interest.
Speaking to Welcome's 'special' DMP department, I said I could pay them off a oittle quicker without the DMP in place (as I pay a charge for this), to which they replied that they would start charging interest again - hang on, haven't they done this anyway?!?!
Well, I asked them for full statements of payments, and two weeks later this rather thin letter arrived with a ropey statement of payments across all the different accounts they had set up over the years (there are 6 accounts in total!).
They have also listed each one as a new and separate item with Experian, which makes me look very shoddy in the eyes of other potential lenders.
Anyway, on top of this I believe I was mis-sold PPI on the grounds that I didn't have my job for two years before I took it out, and was never even told about it except for the fact that it was 'required'. I have never once taken a day off sick from work.
Anyway, what is the likeliness (and legality) of them selling a new PPI on top of each and every re-schedule they did, and then charging interest on top of the whole lot?
I'm wondering how on earth I owe so much money, as I must have paid them thousands back over the last six years and STILL owe more than I borrowed.
I'm getting the SAR ready - anything else I should know, and where is the best place to send it?
Thankyou sincerely to anyone who managed to read all of that :-)
Anyway, onto the subject at hand - I took a £500 loan from these bandits in 2003, and then a top-up of £1,250 in late 2004 as I had just split from my partner and was in the mire.
Since then they have moved it to local branches wherever I have moved, who have on some occasions 're-scheduled' the loan (by way of drawing up new agreements that I never saw or signed), to which I guess they were front-loading more interest on top of the interest and so on.
The situation now is that I still owe £2,400 six years later, which is currently being managed on my behalf by a DMP.
I got confirmation from the DM people that the interest was not 'zeroed' (like many of my other creditors) but 'front-loaded', which I assume means they calculated it and added it to the total , but it makes it appear to be zero interest.
Speaking to Welcome's 'special' DMP department, I said I could pay them off a oittle quicker without the DMP in place (as I pay a charge for this), to which they replied that they would start charging interest again - hang on, haven't they done this anyway?!?!
Well, I asked them for full statements of payments, and two weeks later this rather thin letter arrived with a ropey statement of payments across all the different accounts they had set up over the years (there are 6 accounts in total!).
They have also listed each one as a new and separate item with Experian, which makes me look very shoddy in the eyes of other potential lenders.
Anyway, on top of this I believe I was mis-sold PPI on the grounds that I didn't have my job for two years before I took it out, and was never even told about it except for the fact that it was 'required'. I have never once taken a day off sick from work.
Anyway, what is the likeliness (and legality) of them selling a new PPI on top of each and every re-schedule they did, and then charging interest on top of the whole lot?
I'm wondering how on earth I owe so much money, as I must have paid them thousands back over the last six years and STILL owe more than I borrowed.
I'm getting the SAR ready - anything else I should know, and where is the best place to send it?
Thankyou sincerely to anyone who managed to read all of that :-)
