Results 1 to 6 of 6

Thread: welcome finance ppi claim rejection

  1. #1
    Join Date
    Apr 2010
    Posts
    1
    Thanks (Given)
    0
    Thanks (Received)
    0

    Default welcome finance ppi claim rejection

    had an hp agreement with welcome back in 1998, however it was converted to a personal loan couple of years later after handing car back through faults. The outstanding amount and new amount were totalled together and we still have around 1000 quid left, paying into it 20 quid per month. My first letter to welcome has just been rejected due to time limits they say, ombudsman say cant help as welcome were not regulated in 1998, i need to speak to underwriter at that time, had a look and can only see details for norwich union. Can anyone tell me if this is correct and whether it seems to be worth pursuing? Welcome say docs have been destroyed, i thought as current loan stil outstanding they would still have hold of them. Very frustrating

  2. #2
    Join Date
    Nov 2007
    Posts
    4,824
    Thanks (Given)
    2915
    Thanks (Received)
    1624

    Default Re: welcome finance ppi claim rejection

    Hiya

    I do understand that the FOS are suggesting the underwriter/insurer direction instead, as its highly possibly these would have been governed, unlike the broker/Welcome at the time you taken out the loan.

    How far have you gone on this?

  3. #3
    Join Date
    Jun 2007
    Posts
    3,654
    Thanks (Given)
    3431
    Thanks (Received)
    2102

    Default Re: welcome finance ppi claim rejection

    Hi Tanz has info on this regulation stuff--I've PM'd him to take look
    My name is TurboMaximus, Commander of Celame's Armies of the North, General of the Spreadsheet Legions, loyal servant to my TRUE Empress Mo Turbo, Father to two Centurion sons, husband to a lovely wife.And I will help in this life or the next





  4. #4
    Join Date
    Jun 2007
    Posts
    1,436
    Thanks (Given)
    0
    Thanks (Received)
    2

    Default Re: welcome finance ppi claim rejection

    Turbs this info is in my WFS claim on PAG, 1998 may be pushing it though. I will did it out.
    ..........must get around to that

  5. #5
    Join Date
    Mar 2011
    Posts
    6
    Thanks (Given)
    0
    Thanks (Received)
    0

    Default Re: welcome finance ppi claim rejection

    Hi there, I'm in the same kind of situation. The FOS are putting a complaint to welcome for PPI dating 2004 but I have another two loans which date back to 2002 and the FOS only started regulating in 2003. They have asked me to get the insurer for the PPI before 2003 to try and persue them.......this is very tricky as welcome dont seem to know or wont tell me!!! Can anyone here help with this info????

    Very much apretiated.

  6. #6
    Join Date
    Nov 2007
    Posts
    4,824
    Thanks (Given)
    2915
    Thanks (Received)
    1624

    Default Re: welcome finance ppi claim rejection

    Quote Originally Posted by gedwards View Post
    Hi there, I'm in the same kind of situation. The FOS are putting a complaint to welcome for PPI dating 2004 but I have another two loans which date back to 2002 and the FOS only started regulating in 2003. They have asked me to get the insurer for the PPI before 2003 to try and persue them.......this is very tricky as welcome dont seem to know or wont tell me!!! Can anyone here help with this info????

    Very much apretiated.

    Hi there

    If you have a look at my case below in the PPI thread when you have five, Hamilton/HFC etc.

    What you do is write to the lender for the PPI policy details, they should provide these in the post.
    On them the detaiils of the underwriter/insurer are on them.

    You pursue them as you did or do with the broker, if they don't accept any liability (its likely they will not), then your able to take the complaint to the FOS, as these would have been regulated, as being insurers.
    The FOS will take the complaint on and check what involvement they had in the sale of the policy.

    However, I must warn you though, this can take some time.
    Hopefully not though.
    So do the above by writing to the lender - request for the Payment Protection Policy, and then write to them they usual way for reclaiming.

    You don't always receive these details of the policy, such as when you received the loan documents after you had taken the loan out, and these are normally requested for separately, and they must still send them on request, even if the loan have been settled/paid off.

    Hope this helps, good luck.

Similar Threads

  1. welcome finance claim
    By johnl69 in forum PPI - Payment Protection Insurance Reclaiming
    Replies: 3
    : 4th February 2010, 15:24:PM
  2. NOT a rejection letter...
    By catinahat in forum Hardship Issues
    Replies: 2
    : 26th December 2009, 04:33:AM
  3. Blemain Finance back down on reposession claim
    By Amethyst in forum Blemain Finance
    Replies: 3
    : 31st October 2009, 15:50:PM
  4. ky46423 - CL Finance Court Claim
    By Amy in forum Consumer and Civil Rights
    Replies: 5
    : 29th January 2009, 19:08:PM
  5. Court claim received from CL Finance/Howard Cohen sols **SETTLED**
    By ByTheWay in forum Debt Collection Agencies
    Replies: 78
    : 11th June 2008, 14:45:PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


LegalBEAGLES.info
LegalBEAGLES.co.uk
LegalBEAGLES.org
LegalBEAGLES.net
LegalBEAGLES.uk
Celame.co.uk
Contact Us



© Celame LLP 2013
Hosted by Lodge Information Services Ltd
LegalBEAGLES® are DPA Registered No. ZA025462
LegalBEAGLES® is the trading name of Celame LLP (registered in England and Wales OC389148).
Registered office: Hadfields, Bottom Road, Buckland Common, Tring, Herts HP23 6NH
Celame LLP Powered by vBulletin® Version 4.2.1
Copyright © 2014 vBulletin Solutions, Inc. All rights reserved.
Extra Tabs by vBulletin Hispano
TOP