Welcome Finance PPI claims to go through FSCS

[leclerc]

Re: Welcome Finance PPI claims to go through FSCS

They have come back to me to confirm that each claim has a unique barcode so therefore it means you gotta get em to send a form out and if not received, keep chasing up with them.

[mosten]

Re: Welcome Finance PPI claims to go through FSCS

By having a unique form that they need to send you first means they can control the volumes of claims they actually process.... it also will put some people off since they wont bother chsing too many times when form hasn't been sent and will give up..

Women I spoke to today has had her claim finally settled....

She had one claim in with welcome, one with FSCS... had outstanding loan and they both said that they had paid it off and sent her the refunds... She is calling them monday

[Supermanb]

Re: Welcome Finance PPI claims to go through FSCS

I have a loan taken in 10/2002 with PPI am I due for a pay back?

AA

[leclerc]

Re: Welcome Finance PPI claims to go through FSCS

I have a loan taken in 10/2002 with PPI am I due for a pay back?

AA

Was it missold?
Have you completed a form sent out to that effect?
Is the loan still live or is it finished?

[lem01uk]

Re: Welcome Finance PPI claims to go through FSCS

Finally sent in my forms after a letter saying if Welcome hadn't heard from me within a month they would close the case. Have just received their decision saying that I was mis-sold my policies. The total for the three policies comes to £6341, which will unfortunately come off my current loan (if only I had been quicker in claiming it would have been in my bank account).

Oh well I suppose that the loan will be settled earlier, but it would have been great to have the cash!!!!!!!!!!!!!!

Thanks for everyone's help and advice, can't wait to finally be rid of the muppets at Welscum

[dogtired]

Re: Welcome Finance PPI claims to go through FSCS

Now had another letter from FOS and spoken to her today.
She now tells me that because a lot of Welcomes shilly shallying happened before 2007 they cannot comment or act.
She is still asking them to look at the mis-sold PPI and that the person at Welcome has been "off sick" but that she is more than likely not to change in the assumption that Welcome are entailed to do this, if the PPI had not been added to this alleged or previous loan it would have been paid off by now and looking through this post has ANYONE got anything from Welcome at all.
Am I entitled to still refuse to sign anything sent from Welcome as they have admitted that they cannot "enforce" this account and still produce documents for another numbered account at a previous account. And a "statement of account" said the interest was 1%!
(Been looking at the posts from Poochie and she has really been thorough the mill with theses muppets!)
DT

[TTT]

Re: Welcome Finance PPI claims to go through FSCS

Hi there.
I got a phone call this week from the "No win, no fee" company that has been dealing with my claim for the last 12 months, saying that MBNA are going to pay. Great!! Now, this "no win. no fee" company is saying to me that THEY will get the cheque, take their 20% fee and send the rest of the money to my bank account. Is that normal practice?? I thought I would get the money and then pay their 20% fee.
Thank you

[enaid]

Re: Welcome Finance PPI claims to go through FSCS

I think you will find the answer in their T&Cs, I hope you have at least a rough idea of the amount you are expecting to receive.
Enaid x

[TTT]

Re: Welcome Finance PPI claims to go through FSCS

I think you will find the answer in their T&Cs, I hope you have at least a rough idea of the amount you are expecting to receive.
Enaid x

Thanks Enaid.
I know exactly how much MBNA said are going to pay. My concern is that the "no win no fee" company may keep the cheque, MY CHEQUE! Why is MBNA sending the cheque to them and not to me? is that normal practice?

[enaid]

Re: Welcome Finance PPI claims to go through FSCS

Thanks Enaid.
I know exactly how much MBNA said are going to pay. My concern is that the "no win no fee" company may keep the cheque, MY CHEQUE! Why is MBNA sending the cheque to them and not to me? is that normal practice?

I think so, this is an example from a no win no fee companies T&Cs quite clearly shows how they collect their fees, you will have similar in the T&Cs you have

3. How the Company will collect its fees

On the successful conclusion of your PPI claim, the Company will charge you a Service Charge of 25% plus VAT (29.38%) of the Compensation awarded to you. For example, if the Company were to receive a settlement cheque for £10,000, being premiums and interest, the Company would deduct £2,500 plus VAT (currently 17.5%), totalling £2,937.50. You would therefore receive a cheque for £7,063.50 from the Company.

How long you have to wait for your cheque I couldn't say, but if you have to correspond with the company at all best in writing.
Enaid x

[wayney]

Re: Welcome Finance PPI claims to go through FSCS

i am having difficulties with my ppi because welcome finance failed to pay my ppi so i failed to conrinue to pay them how do i stand in this position

[adaz1986]

Re: Welcome Finance PPI claims to go through FSCS

i took out a hp agreement with welcome car finance in 2007 for a car which was valued at £7,537.00.
including (PPI £1870.01), (short fall extra insurance £350) and (mechanical breakdown insurance £650)
in total £2870.01 for all insurances.
all in all £10,407.01

the amount payable for the vehicle was £10,321.16
and the amount payable for the insurances was £3,891.84
total payable £14,213

after 2 years of paying my monthly repayments £294 i had paid £7000 approximately
i tried using my PPI only to be told that i because i was the second name on the agreement i could not
use it.(suggesting miss sold PPI)
after a little concern i then asked welcome car finance my options.

welcome car finance then told me i could have my payments reduced to make it more managable.
they then started the proceedings and wrote up a new agreement.

the new agreement was for £5938.20 over 60 months at £138pm
also i noticed they had put more interest on this to the some of £2.341.62
total of £8.279.82

i was told the new agreement did not have any PPI, shortfall extra or mechanical breakdown cover on it and
that i had been refunded a some of money from my outstanding balance.
i have not recieved any notice of how much was refunded and when it was refunded and have asked welcome car
finance about this only to be told they dont know exactly and they cant give me a figure.

i carried on paying my new payment of £138pm for a further 2 years aproximatley £3300

so within 4 years i had paid aproximatly £10,000.

after months of paying i asked welcome finance how much i had left to pay. they came up with a figure of £5000
which baffled me.

if i paid aproximatly £7000 in the first 2 years and £3300 for another 2 years and they still want me to give them £5000
this works out more than my original agreement of £14.213 even after they told me a some of money had been refunded from
my insurances.

i started to think how are they doing this and are they adding on somthing im missing and is it legal for them to do so.

i then refused to pay anymore money to welcome finance and went about claiming back my PPI. months have went by waiting
to hear from the people claiming this back so i contacted them to ask about it.
they then told me they had a letter back from welcome finance saying i had no PPI on my agreement, but i have the original
agreement as proof of the PPI sold to me which i could not use and was told i was refunded on this but still 2 years later
they still cant prove how much was refunded.

i have asked welcome finance for some kind of statment of proof of how much was paid over the 4 years.
they told me they can not provide this 2 me.

if they cant provide this to me then how do they know how much is owed on the agreement and why should i trust that this
£5000 that they still want from me as a legitimate figure.

any help on this matter would be very very helpfull

many thanks Adam Oliver

[dogtired]

Re: Welcome Finance PPI claims to go through FSCS

Incasso have reared its head again failing to respond again to "prove it" letters until yesterday when we got one saying that they were contacting Welcome for further information.
FOS have come up with another "offer" from Welcome re this alleged debt but Will now only take it off the arrears ( this on a alleged debt they have not provided "proof" for)
Going to carry on though not payed them for nearly three years now and if they could proved it they should have done it before now!

[dogtired]

Re: Welcome Finance PPI claims to go through FSCS

Incasso have reared its head again failing to respond again to "prove it" letters until yesterday when we got one saying that they were contacting Welcome for further information.
FOS have come up with another "offer" from Welcome re this alleged debt but Will now only take it off the arrears ( this on a alleged debt they have not provided "proof" for)
Going to carry on though not payed them for nearly three years now and if they could proved it they should have done it before now!

Further to above another letter from Incasso still saying vallid account,
Looks like full cca (again)

[tally girl]

Re: Welcome Finance PPI claims to go through FSCS

Fscs awarded us with £6400 back today for misold ppi with Welcome Finince but yes you guessed it they payed it off the balance that is owing, am absolutely gutted we feel cheated. Yes our lone will be payed in a shorter time but our payments still remain £418 a month for the remaining term. I feel it would have be nice to have had a choice if we wanted to pay it off the loan or not or payed half off the remainder and had half back. We did not realise that this would be the case when we applyed for a ppi refund. Is there anything we can do about this.