Welcome Finance PPI

edited 30 November -1 at 1:00AM in Reclaiming Mortgage Fees, Council Tax, etc
9 replies 6.2K views
Sally2catsSally2cats Forumite
1 Post
Sorry if this has been asked before, but has anyone reclaimed PPI from Welcome Finance?

I had two loans with them around 1998 and was informed if I didn't take PPI, even though I didn't need it, I couldn't have the loan. I have no paperwork. Is there any chance of getting it back?

Replies

  • Hi.
    Yes I have had a successful claim. not having much time to do the paperwork i used an agency MMT. they have handled about 4 successful claims for me and been very good.
    You receive a payout (If successful) and then pay the 30% once the cheque clears.
    from start to finish about 4 months.

    its worth it even if its £200!
  • antrobusantrobus Forumite
    17.4K Posts
    ✭✭✭✭✭
    Sally2cats wrote: »
    Sorry if this has been asked before, but has anyone reclaimed PPI from Welcome Finance?

    I had two loans with them around 1998 and was informed if I didn't take PPI, even though I didn't need it, I couldn't have the loan. I have no paperwork. Is there any chance of getting it back?

    Yes, you need to claim from the FSCS.
    https://www.fscs.org.uk/what-we-cover/products/ppi/welcome-finance/

    It's free. Don't use a claims company.
  • FiftySixFiftySix Forumite
    5 Posts
    hello Barry, I'm really interested to read that you had a successful claim with Welcome Finance. I've been trying for years to settle a claim from 1993, but I'm always rejected because welcome Finance say they were not regulated till 2005, so they wont consider the claim. I've even been through a claims firm, but also got nowhere. Am I allowed to ask you who you went with please? And was your claim going back to the 90's ? Thanks for any info.
  • [Deleted User][Deleted User] Forumite
    0 Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    MoneySaving Newbie
    FiftySix wrote: »
    I've been trying for years to settle a claim from 1993, but I'm always rejected because welcome Finance say they were not regulated till 2005, so they wont consider the claim. I've even been through a claims firm, but also got nowhere. Am I allowed to ask you who you went with please?
    Since you've already complained both directly and using a claims firm, what makes you believe you'd have any success with the firm used by "Barry"?
  • dunstonhdunstonh Forumite
    107.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    ello Barry, I'm really interested to read that you had a successful claim with Welcome Finance. I've been trying for years to settle a claim from 1993, but I'm always rejected because welcome Finance say they were not regulated till 2005,

    Welcome were regulated from 2005 but I believe they were members of an earlier body so will consider complaints from a date in 2003 I believe. The underwriter will take complaints from around 2001 to 2003. However, prior to that, there is no-one to complain to.

    Barry probably had PPI from 2001 onwards to get his success.
  • [Deleted User][Deleted User] Forumite
    0 Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    MoneySaving Newbie
    dunstonh wrote: »
    Welcome were regulated from 2005 but I believe they were members of an earlier body so will consider complaints from a date in 2003 I believe. The underwriter will take complaints from around 2001 to 2003. However, prior to that, there is no-one to complain to.
    Just as you told this poster back in March.
    https://forums.moneysavingexpert.com/showthread.php?p=73988354
  • dunstonhdunstonh Forumite
    107.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    Just as you told this poster back in March.
    https://forums.moneysavingexpert.com/showthread.php?p=73988354

    Well thank you FiftySix for wasting our time
  • viewview Forumite
    2.2K Posts
    Part of the Furniture Combo Breaker
    ✭✭✭✭
    Follo w i n g
  • So very sorry if I've wasted your time. My question was asked in innocence. I forgot that I'd asked for help with it in March. I thought perhaps some kind soul may know a way round my problem. Obviously not.
    I probably wont bother with the forum again, it's too blunt for me.
    My apologies again.
This discussion has been closed.
Latest MSE News and Guides

Tesco Clubcard rule tweaks

Be careful when converting points to Cineworld

MSE News

£148 of Ciaté nail polish for £35

Via its Advent calendar (norm £59 delivered)

MSE Deals