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Hi
not sure if I'm opening up a can of worms but I took 2 welcome finance loans out. First one was May 2005. Then took another one out 2006. I repaid the 2005 loan by taking out the 2nd. Got into financial situation and haven't made a payment on the 2nd loan since about 2008. Haven't heard from them for at least 4 years. I did have ppi on both. I understand that welcome finance are now in default and the fscs are dealing with all enquired relating to ppi. Do I try and re-claim the ppi or as I have defaulted on the loan any compensation received will have to be paid back to them? Not sure what to do.
Many help will be greatly appreciated.
Thbk you
not sure if I'm opening up a can of worms but I took 2 welcome finance loans out. First one was May 2005. Then took another one out 2006. I repaid the 2005 loan by taking out the 2nd. Got into financial situation and haven't made a payment on the 2nd loan since about 2008. Haven't heard from them for at least 4 years. I did have ppi on both. I understand that welcome finance are now in default and the fscs are dealing with all enquired relating to ppi. Do I try and re-claim the ppi or as I have defaulted on the loan any compensation received will have to be paid back to them? Not sure what to do.
Many help will be greatly appreciated.
Thbk you
