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  • FIRST POST
    • Plasterer44
    • By Plasterer44 6th Sep 17, 11:25 AM
    • 3Posts
    • 0Thanks
    Plasterer44
    Help
    • #1
    • 6th Sep 17, 11:25 AM
    Help 6th Sep 17 at 11:25 AM
    Hi all need some help over 10 years ago I took out a £17,000 loan with welcome finance I ended up paying back over £40,000 looking back on this through my paper work I feel robbed 💰💰 I've tried to contact them to see if I had any ppi on this loan but they said I didn't is there any other way of me finding this information out or do I take there word for it ??? I KNOW I WAS STUPID BUT I WAS ONLY 21 AT TIME 🙈🙈
Page 1
    • zx81
    • By zx81 6th Sep 17, 11:28 AM
    • 14,046 Posts
    • 14,738 Thanks
    zx81
    • #2
    • 6th Sep 17, 11:28 AM
    • #2
    • 6th Sep 17, 11:28 AM
    Do a SAR if you don't believe them, but I doubt they're lying.
    • TrustyOven
    • By TrustyOven 6th Sep 17, 11:36 AM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    • #3
    • 6th Sep 17, 11:36 AM
    • #3
    • 6th Sep 17, 11:36 AM
    Hi all need some help over 10 years ago I took out a £17,000 loan with welcome finance I ended up paying back over £40,000 looking back on this through my paper work I feel robbed 💰💰 I've tried to contact them to see if I had any ppi on this loan but they said I didn't is there any other way of me finding this information out or do I take there word for it ??? I KNOW I WAS STUPID BUT I WAS ONLY 21 AT TIME 🙈🙈
    Originally posted by Plasterer44
    I think this is what The Investor (from Monevator.com) was writing about here: http://monevator.com/the-really-obvious-thing-we-all-forget-when-borrowing-money/

    You were borrowing from "your future self", and now you are feeling the pain.

    Plasterer44, please read the above link. Read it properly. Read it several times. Think about it a lot. Hopefully it will help you get to a better place financially in the future.

    As zx81 says, get an SAR, but I too doubt they are lying.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • Plasterer44
    • By Plasterer44 6th Sep 17, 11:37 AM
    • 3 Posts
    • 0 Thanks
    Plasterer44
    • #4
    • 6th Sep 17, 11:37 AM
    • #4
    • 6th Sep 17, 11:37 AM
    Thanks what's a SAR ��
    • Plasterer44
    • By Plasterer44 6th Sep 17, 11:39 AM
    • 3 Posts
    • 0 Thanks
    Plasterer44
    • #5
    • 6th Sep 17, 11:39 AM
    • #5
    • 6th Sep 17, 11:39 AM
    Thanks what's SAR
    • zx81
    • By zx81 6th Sep 17, 11:39 AM
    • 14,046 Posts
    • 14,738 Thanks
    zx81
    • #6
    • 6th Sep 17, 11:39 AM
    • #6
    • 6th Sep 17, 11:39 AM
    Subject Access Request.
    • Tarambor
    • By Tarambor 6th Sep 17, 11:39 AM
    • 1,546 Posts
    • 1,062 Thanks
    Tarambor
    • #7
    • 6th Sep 17, 11:39 AM
    • #7
    • 6th Sep 17, 11:39 AM
    Subject Access Request.

    A subject access request (SAR) is simply a written request made by or on behalf of an individual for the information which he or she is entitled to ask for under section 7 of the Data Protection Act 1998 (DPA)
    • ReadingTim
    • By ReadingTim 6th Sep 17, 12:32 PM
    • 2,147 Posts
    • 3,048 Thanks
    ReadingTim
    • #8
    • 6th Sep 17, 12:32 PM
    • #8
    • 6th Sep 17, 12:32 PM
    What was the rate of interest on the loan? Did you miss any payments? What's your credit history like?

    These are all things which will affect the total amount you repay, so while £23k interest on a £17k loan seems a lot, there's probably more to it than mis-sold PPI.
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