welcome finance and county court ppi setelment???

johnmurdo28

Just got settelment from welcome finance!!! :O)???
However, how do i no it is correct?
offered £813.00.
origanal loan £2000 over 2 years went to COUNTY COURT JUGEMENT!!!:(
they added charges- total payback £5900.00. ??????:mad:
My last statement was £1300 to payback
paying £80 a month through employer.
the charges included CAPITALISEATION:mad::mad: ??? Whats this???
capitalisation was around £2000.00:mad:
still got all paperwork and statements they send me every 6 months.
last statement said £1300.00 to pay back take away settlement/refund = £487.00
but they said £819.00 STRANGE.......
CAN ANYONE HELP PLEASE??? AND THANK YOU
ALSO CAN I PAY BALANCE OFF IN ONE GO OR DO I HAVE TO KEEP PAYING AT £80 A MONTH ????:A :mad:

amersall

If you can pay this off,then get rid,these are scum,they are like all the sub prime lenders,they prey on people who are at their lowest.

You need to ask them to tell you exactly how they worked the redress out,you need to know they have done this right.
Don't forget that the loan will have included interest and ppi,this would not have been rounded up to a straight £2000.
The whole ppi should have come off the balance too,you need to get the exact workings out,tell them you will take this to FOS if they cannot prove this loan has been reset to not include the ppi,and what the capitalisation figure is all about.