Help with Welcome Finance PPI claim

valleyboy

Hi everybody. I have finally taken the plunge and decided to reclaim my ppi payments from the dreaded Welcome Finance. I have SARd them and received my agreements, I would be extremely grateful if one of the calculation kings or queens could take a look at my figures and possibly give me some idea as to what I can claim back.

Firstly I was told that i would stand a much better chance of getting these loans if I took the ppi hence I believe in hindsight I was mis sold the ppi.

I have taken three loans out with welcome the first two were personal loans and the third was a secured loan.

LOAN 1 : 02/07/2004

amount of cash advanced £1000.00
Healthcare £150.00
Payment protection insurance £293.20

Amount of credit (all above added) £1443.00

Acceptance fee £75.00

Total amount of loan £1513.20

Monthly payment £99.57
Apr 69.6%
rate of interest 4% a month
Repayment period 24 months

LOAN 2 : 17/11/2004

This loan was rolled over from the first loan

Amount used to settle existing loan £1215.81
Amount of new cash advanced £1500.00
Payment protection insurance £862.22
Acceptance fee £75.00
Total amount of loan £3653.03

Monthly payment 167.32
Apr 44.9%
rate of interest 3%
Repayment period 36 months

This loan was paid off on 9th February 2005 at £3087.60

LOAN 3 secured loan : 07/06/2005

Cash advance £10000
Lifecare 24 £350.00
Homecare 24 £125.00
Payment protection £2039.28
Acceptance fee £235.00
mortgage indemnity fee £1100.00

Total amount of loan £13849.28

Monthly payment £233.72
Amount of monthly payments 120
Apr 20.7%
rate of interest 1.35% per month

This loan was paid off 28/11/2007 for a total of 12041.03


I realise it's all a bit messy but hopefully one of you wonderful people can put me straight with it all

Phewwwww. Thanks in advance

Valleyboy

amersall

Hi there, someone who is a whizz with calcs will be along to help you i am sure.You do not need to know these amounts to put a claim in. Look here for what you need to do to make a claim for mis sell.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
If you feel more comfortable writing a few words yourself then you can, just put all 3 account numbers and put you believe you were mis sold these ppi policies and then put your reasons why. Send to welcome and post recorded. You can use the template letter if you wish, but if you have to take this to the fos later on then you will have to fill another one in anyway, but the choice is yours.Good luck with this and please keep us posted.