Welcome Finance I want my Money Back

lucysian

Hi I am new to this site so please bear with me!

I took out a loan with welcome finace nearly 3 years ago for £2000 I still owe them £3576 as I am in arreas of £1084 and can not pay it off.

When I do think there is some light at the end of the tunnel they phone me 3 or 4 times a week adding more money onto my account.

My payments are only covering the interest not the debt as well.

I think I have been mis sold ppi but I am not sure I have it. I dont have my contract either anymore is there anyway I can get another copy?

I really need some help with getting rid of these loan sharks as they are making my life hell and I wish I had never go involoved with them

Thankyou in advance

amersall

Hi there, all i can suggest, is to write to welcome and ask for a copy of the agreement, this will cost you £1, but it will be worth it. If you have ppi on this and have a reason for mis sell then we will help you further.

lucysian

Thank you. I am sure that I had the ppi on it becuase I remember being told that I was more likely to be accepted if I had it.

Is this misold?

Jalapee

lucysian wrote: »

Thank you. I am sure that I had the ppi on it becuase I remember being told that I was more likely to be accepted if I had it.

Is this misold?

Yes :money:

di3004

Its best to have insurance to protect for loans/credit cards etc in case of the worse happens, but its still optional and you can opt for an insurance of your own choice.
So you do in my opinion have a reason to make a reclaim, with being told you had to take out their insurance to be accepted for the loan, check below for more details and post up for any help if required, all the best.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance