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what iis a HPDI fee
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# 1
xxkaren32
Old 29-01-2011, 12:59 PM
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Default what iis a HPDI fee

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!
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# 2
di3004
Old 29-01-2011, 1:06 PM
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Join Date: Jun 2007
Location: South Wales (Gwent)
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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.
The one and only "Dizzy Di"
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# 3
Premier
Old 29-01-2011, 4:43 PM
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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).

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