Welcome ppi claim (hopefully)

Suffolklad32

After much arguing with Welcome about their response to a Sar, I've finally received some info relating to a loan I used to have with Welcome. As I'm unable to scan up the statement etc provided by Welome for the old loan (taken out and repaid in 05), I thought I'd put some figures in here for people to peruse. And can someone explain what Medicare is please?
Right, Loan taken out was £2500. PPI and Medicare was 979.75 (100 of it is medicare). Acceptance fee is £235 and mortgage indemnity fee £275. Total amount of loan 3989.75. Rate of interest was 2.1% per month and 37.60% APR. Monthly payments of 117.57 over 60months.
Now, I understand I can claim back the PPI, and medicare? as mis sold. As the loan has already been repaid, I'm guessing they'll have to recalulate the settlement figure, so as not to include the PPI etc, and any difference between that and the settlement I paid would be due back to me? possibly plus 8%?
Plus any payments I've already made on the ppi?
Also, the last few entries on the statement are from when the balance was settled. Does anyone know what the Fee Rebate would be? There are 2 entries next to Fee Rebate, one of £207.08 and the other of £176.96. Also Insurance rebate of £637.46, interest of £87.20, Settlement Penalty Interest £206.43 and finally settlement by cheque of £3424.37.

From those figures, can anyone work out what the 'new' settlement figure would be, and how much I could expect to get back from Welcome?
When I'm able to scan up the statement and cca, I'm hoping someone can look at the interest they've calculated each month as well, as when I've worked it out, its come up different to what they say.
Thanks in advance.

di3004

Suffolklad32 wrote: »

After much arguing with Welcome about their response to a Sar, I've finally received some info relating to a loan I used to have with Welcome. As I'm unable to scan up the statement etc provided by Welome for the old loan (taken out and repaid in 05), I thought I'd put some figures in here for people to peruse. And can someone explain what Medicare is please?
Right, Loan taken out was £2500. PPI and Medicare was 979.75 (100 of it is medicare). Acceptance fee is £235 and mortgage indemnity fee £275. Total amount of loan 3989.75. Rate of interest was 2.1% per month and 37.60% APR. Monthly payments of 117.57 over 60months.
Now, I understand I can claim back the PPI, and medicare? as mis sold. As the loan has already been repaid, I'm guessing they'll have to recalulate the settlement figure, so as not to include the PPI etc, and any difference between that and the settlement I paid would be due back to me? possibly plus 8%?
Plus any payments I've already made on the ppi?
Also, the last few entries on the statement are from when the balance was settled. Does anyone know what the Fee Rebate would be? There are 2 entries next to Fee Rebate, one of £207.08 and the other of £176.96. Also Insurance rebate of £637.46, interest of £87.20, Settlement Penalty Interest £206.43 and finally settlement by cheque of £3424.37.

From those figures, can anyone work out what the 'new' settlement figure would be, and how much I could expect to get back from Welcome?
When I'm able to scan up the statement and cca, I'm hoping someone can look at the interest they've calculated each month as well, as when I've worked it out, its come up different to what they say.
Thanks in advance.

Hi there
Bumping this up for you.
I am hopeless with working out calculations and do not want to give you the wrong info.....:o, so hopefully someone will be along soon to take a look for you, good luck.;)

Sol00

There's some debate going on about Welcome charging the Mortgage Indemnity fee as they haven't provided a mortgage and thus, shouldn't be charging this.

Welcome should work out what they owe you, all you have to do is send in the PPI template letter from this website.

Suffolklad32

I'll write to Welcome then, is it one of the template letters on here? I was just hoping I could get some help with working the figures out, to see if they tally up with what Welcome are going to say.

di3004

Suffolklad32 wrote: »

I'll write to Welcome then, is it one of the template letters on here? I was just hoping I could get some help with working the figures out, to see if they tally up with what Welcome are going to say.

Hi there
Good luck with this and you will find templates on reclaiming PPI on this link here below.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance