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princess73
Posts: 11 Forumite
in Loans
My partner and i had a loan with welcome finance 4 years ago,it was supposed to be for 3 years, but the interest kept going up and we are still paying it. We had payment protection,but my boyfriend got made redundant 8 months into the loan. when we tried to claim, they wouldn't cover our payments because they said we knew he was going to get made redundant when we took the loan out!! can we claim anything back?
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Did you know he was going to be made redundant when you took the insurance out?
Have you missed payments or paid less than you should be doing? If not, I don;t understand how a 3 year loan is still being repaid more than 4 years later. The fact that the interest rate increased wouldn't make a difference because your repayments would have increased accordingly.
How much did you borrow and how much is left to repay?
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