welocme finance - waste of space please read and help

princessrachellucy · 12 February 2010 at 2:05PM

i tuk a loan out with this company nearly 3 years ago, ive had nothing but trouble with them, i borrowed £2500 from them plus ppi (as i was told i had to to get the loan) anyway i missed 5 payments and they have whacked nearly £2000 interest on these missed payments, i cancelled the ppi and another insurance i tuk out with them 3 months after getting the loan, anyway its tuk them till now 2.5 years later and after 4 complaints to actually cancel the insurances and ppi, they refunded me 413.02, on my credit agreement the ppi was 989.38 and lifecare 24 was 195.00 ,why have they only credited me £413, also do they put interest on the ppi as i would love to be able to claim the interest back.
total amount of credit including insurance is 3684.38 plus there interest 3152.62 is 6837.45 my loan is due to end in april, but i have 5 missed payments so i was under the impression it wud end in september but now they have told me because of the interest etc being added on to my missed payments i still owe 1675???? what the hell, how can this company do that, once i have paid of my 5 arrears can i refuse to pay them the 1675 in interest? please help me i am in bits over this, i feel as tho they have taken me for a mug

Tixy · 12 February 2010 at 3:05PM

Interest will have been building up on the 5missed payments since they happened so it would be reasonable to think that extra interest would be due. You could ask them to show how the additional interest has been calulated to check in in accordance to your original agreement with them.

If you cancelled the PPI you would only get back the premiums from when you cancelled. If you had had a case for mis-selling and made a claim via that route you would probably have received all the PPI back.

iolanthe07 · 12 February 2010 at 4:15PM

Welcome are sub-prime lenders and most sub-prime lenders impose huge penalties for missed or late payments. If you use these sort of people you really do need to be disciplined about making payments on time and in full.

princessrachellucy · 14 February 2010 at 12:46PM

hiya, no i didnt do a case for misold ppi, do u think i would qualify for it, does any1 know if i can claim the interest bac on the ppi and lifecare that i tuk out but then cancelled?

R0bert_Sterling · 14 February 2010 at 1:32PM

Copy and paste the above here for an English equivalent...

Babelfish online translation

JA1000 · 15 February 2010 at 1:30AM

I am afraid if you talk in such utter rubbish text talk you have just lost all credibility for anyone to try and help you because it is harder to work out what you have written than what you have said.

Try again and see.

Robert Sterling I didn't know this existed by agree with your sentiments. We have to stamp out this utter rubbish way of posting on forums.

And besides it just doesn't make sense.:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Why write tuk - when for one character more you would get took

welshmoneylover · 15 February 2010 at 1:46AM

princessrachellucy wrote: »

i missed 5 payments

There's ur answer and yes, you owe the money and yes, they can pursue it.

Either dont borrow or save up or go without or read the small print.

Little comfort I know. :rotfl::rotfl::rotfl::rotfl:

princessrachellucy · 15 February 2010 at 2:05PM

thank you for your kind words, i will not be using this forum no more, if you take a look at my posts you will notice i hardly ever post on this forum so i am rather new to all this, just goes to show that you wont help me over "tuk" well thanks for nothing, you didnt have to be so nasty.

iolanthe07 · 15 February 2010 at 3:29PM

i will not be using this forum no more

Princess, that should be : I will not be using this forum any more.

sharpy2010 · 15 February 2010 at 3:50PM

princessrachellucy wrote: »

i will not be using this forum no more.

Double negative... so what you said actually means you'll continue to use the forum.

Great news!

continualdiamond · 15 February 2010 at 3:55PM

No offence, but surely if you kept everything in order then nothing like this would of happened.

I know welcome finance aren't popular, but in the 2 years i had my car on hire purchase with them, i had no trouble what so ever. Granted i didn't cause any trouble with missing payments etc, nor did i take out ppi, i never do cos it causes so much hassle.

I agree they're very quick to send out letters re charges as i got one pretty quick for £25 when i cancelled my DD due to handing the car back voultarily. But i just rang them up and they took the charge off because i did have to cancel the DD.

welocme finance - waste of space please read and help

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free