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  • FIRST POST
    • Sally2cats
    • By Sally2cats 7th May 18, 6:08 PM
    • 1Posts
    • 0Thanks
    Sally2cats
    Welcome Finance PPI
    • #1
    • 7th May 18, 6:08 PM
    Welcome Finance PPI 7th May 18 at 6:08 PM
    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?
Page 1
    • Barry Napierski
    • By Barry Napierski 31st May 18, 3:13 PM
    • 8 Posts
    • 0 Thanks
    Barry Napierski
    • #2
    • 31st May 18, 3:13 PM
    • #2
    • 31st May 18, 3:13 PM
    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!
    • antrobus
    • By antrobus 31st May 18, 3:21 PM
    • 16,121 Posts
    • 22,957 Thanks
    antrobus
    • #3
    • 31st May 18, 3:21 PM
    • #3
    • 31st May 18, 3:21 PM
    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?
    Originally posted by Sally2cats
    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.
    • FiftySix
    • By FiftySix 15th Jun 18, 7:37 PM
    • 5 Posts
    • 0 Thanks
    FiftySix
    • #4
    • 15th Jun 18, 7:37 PM
    welcome finance
    • #4
    • 15th Jun 18, 7:37 PM
    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.
    • Moneyineptitude
    • By Moneyineptitude 15th Jun 18, 7:55 PM
    • 22,312 Posts
    • 11,895 Thanks
    Moneyineptitude
    • #5
    • 15th Jun 18, 7:55 PM
    • #5
    • 15th Jun 18, 7:55 PM
    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?
    Originally posted by FiftySix
    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"?
    • dunstonh
    • By dunstonh 15th Jun 18, 8:02 PM
    • 95,319 Posts
    • 62,915 Thanks
    dunstonh
    • #6
    • 15th Jun 18, 8:02 PM
    • #6
    • 15th Jun 18, 8:02 PM
    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.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Moneyineptitude
    • By Moneyineptitude 15th Jun 18, 8:06 PM
    • 22,312 Posts
    • 11,895 Thanks
    Moneyineptitude
    • #7
    • 15th Jun 18, 8:06 PM
    • #7
    • 15th Jun 18, 8:06 PM
    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.
    Originally posted by dunstonh
    Just as you told this poster back in March.
    https://forums.moneysavingexpert.com/showthread.php?p=73988354
    • dunstonh
    • By dunstonh 15th Jun 18, 11:29 PM
    • 95,319 Posts
    • 62,915 Thanks
    dunstonh
    • #8
    • 15th Jun 18, 11:29 PM
    • #8
    • 15th Jun 18, 11:29 PM
    Just as you told this poster back in March.
    https://forums.moneysavingexpert.com/showthread.php?p=73988354
    Originally posted by Moneyineptitude
    Well thank you FiftySix for wasting our time
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • view
    • By view 16th Jun 18, 1:06 PM
    • 2,173 Posts
    • 6,399 Thanks
    view
    • #9
    • 16th Jun 18, 1:06 PM
    • #9
    • 16th Jun 18, 1:06 PM
    Follo w i n g
    In the clean land of big blue skies, bright sunshine and very friendly people. Hoping to move back to the UK soon.....
    • FiftySix
    • By FiftySix 20th Jun 18, 11:19 AM
    • 5 Posts
    • 0 Thanks
    FiftySix
    welcome finance ppi from 1993
    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.
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