Loan Acceptance Charges

Sol00

jonesMUFCforever wrote: »

I would say that this would only be considered a minor error if it came to court and your chances of getting it written off on this technicality would be nil - as per the recent court case.

What recent court case?

Sol00

Jamesf81 wrote: »

Yes i do.

I was thinking about putting it straight in the hands of a solictors(Stephensons) rather than slog it out for months with them direct then wait months for the FOS to get involved.

I feel after your comments and what i already thought i have a strong case against Welcome furthermore so when the mis-selling of the PPI is added to the claim.

Thanks

Yes that might be an idea. Use the Wilson v First County Trust case as a comparison.

jonesMUFCforever

Sol00 wrote: »

What recent court case?

Nat West/Rbs recently won a case in similar circumstances.

Jamesf81

Thanks Solo.

Furthermore the £260.36 for the PPI has been left out of the total amount of credit even though they are charging the same amount of APR as per the original.

If it is supposed to be included in the loan as it obviously has been after working it out then why is not in the total amount of credit. Now this is both the acceptance fee and PPI.

If it was not to be included in the original loan it should be detailed in another section usualy (key financail information) with the monthly payments, APR, total amount payable and total charge for credit.

Sol00

The PPI should be in the total amount. Welcome are notorious for rubbish agreements, however, they have been a little more careful over the last 2 years so your agreement may well be unenforceable. You should check with your solicitor and let us know how you get on.