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coldudeuk1

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What a great site you have here. Have been reading it for months and various others.
Anyway thanks to this site i now realise i have been mis sold ppi by welcome.
Like your typical ycc i was told i couldnt have the finance without having the ppi, gap and breakdown cover.
Trouble is that they sold me ppi when i was only on a short term contract. Have , thanks to your site, now realised that because of this short term contract i was on, i wouldnt have been able to claim on the ppi.

Anyway, i have cancelled the ppi with welcome. They said i can do this but my monthly payments wont be going down as the ppi is pro rata or something or other i dont understand. its cancelled but ive still got to pay for it?

At this moment in time im about to send welcome a voluntary termination letter.
I have had the car 2 years and paid the amount bringing it up to my termination rights. I have never missed nor had a late payment, but im pretty sure this is not all going to go smoothly. Welcome stand to lose about 5k by me doing this. The car is a rover 25, and worth about £800 if im lucky.

Does anyone think it worth me persuing this ppi and if so how would i go about it?




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