Reclaiming PPI on Car HP with Welcome

orourkes09

:money:Hi all

I purchased a vehicle through Welcome car finance back in January 2006 and at the time did not have a fantastic credit history

However I like many on here was told I had to have the PPI otherwise I would not be able to get the car financed so like a idiot I believed them. All went ok until Dec 08 when I had a serious car accident and wrote the car off, however I stupidly cancelled the PPI in August 2008 so had to make the payments myself, and was not able to claim obviously.

I since defaulted on the payments but the insurance company paid out over £2000 to welcome for the total loss sustained to the car. However it came to light that I actually paid 2.5 years worth of PPI so I thought I would attempt to get this money back.

Welcome are still pestering me for the money outstanding which is £950 but surprise surprise they can now offer me a deal where half the outstanding amount is due and my debt will be free and clear! I have sent a letter this morning registered post to complain the PPI was mis sold for the above reasons. I spoke to them also and asked why they only want half the balance and they said as the car is no longer in my possession only 50% is payable and they do this with all customers in the same situation.

I am waiting to see what they say about the letter and will post any information relevant on here.

Good luck all!!

di3004

orourkes09 wrote: »

:money:Hi all

I purchased a vehicle through Welcome car finance back in January 2006 and at the time did not have a fantastic credit history

However I like many on here was told I had to have the PPI otherwise I would not be able to get the car financed so like a idiot I believed them. All went ok until Dec 08 when I had a serious car accident and wrote the car off, however I stupidly cancelled the PPI in August 2008 so had to make the payments myself, and was not able to claim obviously.

I since defaulted on the payments but the insurance company paid out over £2000 to welcome for the total loss sustained to the car. However it came to light that I actually paid 2.5 years worth of PPI so I thought I would attempt to get this money back.

Welcome are still pestering me for the money outstanding which is £950 but surprise surprise they can now offer me a deal where half the outstanding amount is due and my debt will be free and clear! I have sent a letter this morning registered post to complain the PPI was mis sold for the above reasons. I spoke to them also and asked why they only want half the balance and they said as the car is no longer in my possession only 50% is payable and they do this with all customers in the same situation.

I am waiting to see what they say about the letter and will post any information relevant on here.

Good luck all!!

Hi and welcome, (no pun intended lol), and the very best of luck, hope you receive the outcome your waiting for - fingers crossed.;)

marshallka

Good luck with it.

orourkes09

Update:

I received a letter today from the Complaints dept @ Welcome, basically they have said that the PPI was arranged by a broker, in this case it was the car dealers I purchased the vehicle from. They have kindly provided their address for me to contact them.

Are they telling the truth, I know the agreement was faxed through and I signed it but I specifically was told the finance wouldn't be possible unless I purchased the ppi, the car dealer wouldn't have had that authority to say??

Please help!

Thank you!!

di3004

orourkes09 wrote: »

Update:

I received a letter today from the Complaints dept @ Welcome, basically they have said that the PPI was arranged by a broker, in this case it was the car dealers I purchased the vehicle from. They have kindly provided their address for me to contact them.

Are they telling the truth, I know the agreement was faxed through and I signed it but I specifically was told the finance wouldn't be possible unless I purchased the ppi, the car dealer wouldn't have had that authority to say??

Please help!

Thank you!!

Hi there

And yes - its whoever set this up is the ones you write to.;)