urgent help with welcome offer please

[attdt25]

hi

we were approached by the fso regarding mis-sold ppi stating that we may have a claim against welcome with a claim form to complete , we completed it sent it off with 7 insurance and medicare 24 policies to them and then recieved a complaint form from welcome to compete ? very confused !!! however we completed that too.

we currently have direct payments from our wages to welcome for a defaulted loan,however today we have recieved a offer for 2 closed accounts from welcome !!giving us 10days to accept as full and final settlement and asking for bank details to send bacs payment to?

 

please help extremeley confused

Edited June 11, 2011 by attdt25
no replies

[ims21]

Hi there

 

How many accounts did/do you have with Welcome?

 

Can you give more details please?

 

You say you have received offers....before accepting I think you ought to make sure that they are at least close to the correct amount due. Have you done any calculations on your ppi claims yourself?

 

ims

[attdt25]

to be honest i have not a clue,we renewed loans with them and i found a total of 7 policies however some only had medicare 24 on ?on the compensation calculation they sent me there are 2 accounts which state closed,the total ppi on 1 is £2,435.05 and on the second £3,152.40 less rebate of £1.904.13 then on 2nd account £2.558.10 perhaps this was renewed?dont understand this , then interest added of £291.88 and £343.74 can upload document if needed the total offer including interest is just over £2000. is this offer inconjuction with the fso?

[ims21]

Hi there

 

Ok, you have two options.

 

1 Accept the offer they have made. This means you will be accepting an offer on which you are "In the dark" about.

 

2 Ignore what they have sent you. I wouldn't worry about their 10 day bit becasue if you are not in full possession of the facts you cannot make an educated decision. In this case I would be sending a Subject Access Request to get all information they hold on you. This will include copies of agreements and all of the transaction history. This information will let you calculate the correct amount due to you whch you can compare to the offer and make your decision based on that.

 

Now, if it was me I'd go for option 2. I would want to make sure I am not accepting an incorrect offer. In my opinion they cannot hold you to a 10 day deadline if you haven't got all the facts to enable you to make a decision.

 

Hope this helps

 

ims

[dx100uk]

i'd post all the agreements up

 

if you've had multiple loans, then i bet you rolled them and got no rebates either

 

so ppi on ppi with int recharged too

 

as for the other insurance, you can reclaim them all! even mideicare just the same under a diff name.

 

i would think you got stung with letter/phone fees too

 

all can be reclaimed

 

post em up

 

scan the required letters/agreements/sheets

as a picture file

remove all pers info inc barcodes etc using paint

but leave all figures and dates.

goto one of the many free online pdf converter websites

convert the image to pdf format.

or ir you have PDF as an installed printer drive use that

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

the hit reply button

dx

[attdt25]

sorry dont have any of the agreements and sent the original insurances to the Fscs when they sent me the application form , i have found a statement on a secured loan to Ge money where we paid off our accounts to Welcome to the tune of £21,401.56 in October 2005!!!! and we are still paying deductions from wages yet all have different account number totally baffled!!!.Possible that should not be paying this !!!

Is this offer seperate to the claim we have commenced with the fscs?

as could really do with the money since getting involved with Welcome and GeMONEY help please

[ims21]

Hi

 

Not a lot for us to go on here is there?

 

Can you post up the letter of offer you have received (MINUS ALL PERSONAL INFORMATION)

 

thanks

 

ims

[dx100uk]

what.......

 

you took out a loan with ge to pay off welcome

 

blimey....

 

if all of this can be unravelled, i bet you are owed £1000's

 

so the fscs do have the agreements?

 

what does exist please.

 

i'm looking here at the figures you took at the time from welcome to get the loan from GE were WAY off the mark

 

thus the ge loan was too high and ofcourse had even more interest added to ppi on pii etc etc when/if you rolled the welcome loans

 

this will be an interesting case!

 

i'm glad ims21 is onboard!

 

so what paperwork do you know exists?

 

dx

[ims21]

what.......

 

this will be an interesting case!

 

i'm glad ims21 is onboard!

 

so what paperwork do you know exists?

 

dx

 

 

An interesting case?.......Well that's one way of putting it I suppose.

 

In any event, I'm up for it

 

ims