I dont mind paying what i owe and initially welcome were very good so i extended my loan to consolidate some other owings so i would only have one monthly outgoing. i also took out two of the three offered insurance policies. Everything was fine and i didnt need to think about my payments.....until i heard they were laying people off and i may be one of them, so i played on the idea of decreasing my monthly payments...which i did. Isigned a bit of paper to state that i would drop my payments to the minimum of £80.80 per month.....I have now been layed off and have been forced to wake up and look at my finances i looked through my insurance policy and found out i am covered if i am laid off from work, i thought this was great until i spoke to welcome...All they stated was because i reduced my payment amount my insurance is null and void, i recieved no hint of this from the man that i spoke to when reducing my payments and all the lady on the phone could say was "sorry". I am now left paying what i owe (which i dont mind) plus another £1560 on top as apparrently i bought these policies outright even though i can no longer use them... I have since been in touch with welcome and requested a complete breakdown of my account and have been in contact with the FSA who agree i shouldnt still be paying for something i can no longer use...They have set me off in the right direction of getting in touch with Welcomes complaint department which then makes everything 'official' as it were... i will keep you posted on how it goes....one last point on the breakdown of my account i have, since the 27/10/05 payed off a massive £460.20 unnoficially the amount of my payments £1718.20 minus the capitalisation(interest) £1715.02 means in 3 years i have paid off £3.18 with regular payments.....Go figure!?!?