what iis a HPDI fee

xxkaren32 · 29 January 2011 at 1:59PM

hi, we have just received our yearly statement (last one we hope as only one payment left) from welcome finance and it has a monthly recurring payment added onto it for HPDI fee, does anyone know what this is? We have no idea and we should only have another £215.03 left to pay on this account and because of all these HPDI fee's we have over £300 left to pay? I really do hope someone can help me, as no one is answering the phone!

di3004 · 29 January 2011 at 2:06PM

Hiya

I have not heard of that one before, but hopefully someone on here will have and post up.
I would also ask them for the policy/booklet details on this if you do not have them, this may explain what this fee is all about, and they should supply the details free of charge.
I would write to request for the policy details meanings they are not answering your calls.

Meanwhile, hopefully someone will be along soon to explain, good luck.;)

Premier_2 · 29 January 2011 at 5:43PM

I believe it stands for Hire Purchase Default Interest.
(i.e. interest accrued on arrears. Although called default interest it does not necessarily mean that they have defaulted you).

http://forums.moneysavingexpert.com/showthread.php?t=2487949

what iis a HPDI fee

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