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PPI query with loan co insolvent

5 replies

AdiVic · 12/08/2012 14:08

Hello - I am one of the most financially thick folk about. I took a loan out about 10 years ago (deposit on flat) and only finished paying it off last year. I know I had PPI, but have no paperwork relating to the loan as I had a good clear out before we moved last year.

The loan co (welcome finance) is now insolvent and is no longer offering loans, although they still operate to support their current customers so I believe.

Is there any chance I can claim, or get anything back?

I would call one of the companies offering to get it back for you (I dont' mind paying them) but can only give them details of previous addresses, etc.

Any advice??

OP posts:
Longdistance · 12/08/2012 14:12

Don't get a company to do it, they'll charge a % for their services.
I've sent off PPI claims before by just writing a letter, and I've not had any account numbers on some of them, and got money back.
Do it yourself.

MikeLitorisRings · 12/08/2012 14:14

Go onto their website. It gives all the info for claiming.

I claimed from them and it was all done in 8 weeks.

MikeLitorisRings · 12/08/2012 14:15

And I only had my addresses and the year I took the loan out.

AdiVic · 12/08/2012 15:43

Hello - thank you for your messages

MikeLitorisRings - When did you take your loan out? was it before Jan 2005? Mine was, so not too sure if I am eligible, but I'll give it a go. The loan was only for £1000, can't believe it took 10 years to pay back - what a fool I was..........young and stupid, and in need of money:(

OP posts:
MikeLitorisRings · 12/08/2012 17:29

Mine was 2007.

It really is worth trying to claim. Welcome are notorious for mis selling ppi.

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