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Macadam Finance

Debbie67
Debbie67 Posts: 176 Forumite
Ninth Anniversary 100 Posts Combo Breaker
in Reclaim PPI & other insurance
Hi there

I had a few loans through Macadam Finance many years ago and I am trying to find out if I had PPI on any of them. I have been in touch with Welcome Finance as I had read somewhere that they had bought them over but they have emailed me back to say that 'Macadam Finance is not a part of Welcome Financial Services Ltd'.

I do not know who to try now and I wondered if anyone knew who I should try or if anyone has had any luck with tracing old Macadam loans.

Many thanks in advance :)

Comments

  • antrobus
    antrobus Posts: 17,386 Forumite
    Macadam Finance Ltd, formerly of Glasgow, was dissolved on 27/11/2009.
  • dazza12
    dazza12 Posts: 287 Forumite
    Part of the Furniture Combo Breaker
    It may be worth speaking to the FSCS - http://www.fscs.org.uk/

    These are the last resort for the failure of authorised firms. Although Welcome Finance are nothing to do with Macadam, Welcome also failed and claims are being administered through FSCS.

    FSCS may also be able to advise you of other routes to take if they cannot help.
    Competition wins:
    2010 - approx £450. 2011 - approx £800. 2012 - approx £300. 2013 - nothing so far!
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The FSCS will only be able to help you if the loans were sold after January 2005.
    Non me fac calcitrare tuum culi
  • Debbie67
    Debbie67 Posts: 176 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    The loans were all taken out in the late 90's so would probably be too old. Might give the FSCS a call just to ask though, nothing to lose by trying.

    Thanks for your replies :)
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's not that they're too old, it's that they weren't regulated when they sold them to you therefore not covered by the FSCS
    Non me fac calcitrare tuum culi
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