Welcome Finance PPI Reclaim Compensation Calculations

[hoverfly]

Re: Welcome Finance PPI Reclaim Compensation Calculations

The medicare they added was £150 on the first loan and £100 on the second loan,
plus the interest they've charged me on that. Then there would be the the 8% (simple)
interest that should be added.
I don't know how much that would work out at... any ideas how that would be worked out?

[Turboman]

Re: Welcome Finance PPI Reclaim Compensation Calculations

You need to calculate the apportioned % of the total mthly payment attributable to the healthcare--ie around 3% of £138 for Loan 2 = £4---then add 8% on each payment from date of payment to now

BUT remember you can't claim if you haven't paid it all (ie both your loans did not reach full term)

IMHO----insignificant in the scale of things

[hoverfly]

Re: Welcome Finance PPI Reclaim Compensation Calculations

I'll try to work it out and see what figures I get.

Again, thank you so much for your help.

I don't understand these things - was never any good at maths haha.

I don't trust Welcome Finance and I know that they try to find their way out
of paying things. I didn't want them to short-change me!

They already have though by using "the scheme" to get out of paying back the £20.00
charges they added to my loans.