| Viewing Single Post From: Tracy V Welcome | |
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| tracyab | May 5 2007, 04:43 PM |
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Hi everyone Im a newbie on this site and I am reading with interest. I was told about it from someone on Consumer Action. Well, here is my story. In 2004 i went to a local car dealer (not a WF Showroom) and got a car from them and the finance was from Welcome. When signing the agreement I noticed the PPI which cost £1302.56, Shortfall Insurance at £245.00 and a Finace Charge at £743.00 and APR 22.8% I told the manager at the salesroom that I didn't want to take the PPI and he told me that if I didn't I would not be able to get the car. I wasn't happy about it but I proceeded and signed on the dotted line. Then in January this year I decided to Voluntary Terminate my agreement with WF. This meant handing my car back. I checked my agreement before doing this and it stated that if I paid £3850.32 to my car then I could VT. So I went ahead, the RAC came out, inspected my car, then a few days later the car got collected. To my surprise I get a letter telling me that I owe them nearly £600 for "Separate Agreement Liabilities". I think this means the PPI that is still outstanding. It was not until getting my new car and going onto Consumer Action Group website that I realised that I have been totally conned. I am at the moment in the process of writing to WF asking them for a breakdown on the charges they have incurred on me. If anyone out there could give me some expert advice I would be extremley grateful. Sorry for such a long post!! :wacko: Tracyab |
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| Tracy V Welcome · Welcome Car Finance | |
10:23 PM Nov 27
