Welcome Finance Loan - Need advice...

[aargh]

Took out a load with welcome finance over a year ago, for 1500, had to pay back something like 2500 odd, but anyway, i've recently had job problems, and they know this, i was suggested to take out payment protection when i took out the loan, and i lost my job i said i couldnt afford to pay the monthly fee's they then did there magic to get it down to half, unsure what they did excatly...

Now within the 7 months my balance has gone from 2297.44 to 2192.79 because they are adding some charges such as Capitalisition every month, even when i pay?? the staff at my local centre know i pay towards the end of the month, yet these capitalisations start on the 1st of every month..... i have some letter costs even though previously i have called them saying i have been charged for not paying, and the guy obviously lying now that he said no charged have been applyed to my account... when inface im looking at 3 letter charges at 10£ a peice and 6 capitalisation charges at roughtly £23 each, now over the pay 7 months i've paid £269.58 (bear in mind where not at the end of the 7th month yet) and i've had charged of £163.93 now this is more then half of what i've paid, it will take me years to pay this off.. i need this sorted?

I can't pay this loan off all my life...

thanks for reading...

[postggj]

morning and welcome to the wonderful world of welcome

to begin with, you need to read the welcome thread to find out what complete &^&*( these people are

now look at this way
you pay at the end of the month
that payment takes 3 days to reach your account
welcome add interest on the 1st, before your payment has cleared,
max profit for welcome


you said you had ppi
welcome allways add ppi to its agreements
did you claim on the ppi
ppi is front loaded onto the agreement, that is you pay for it in one go up front, again, max profit for welcome

when you got the payments down
did you sign an agreement to modify the first and do you have it

[aargh]

Sorry for the delay, i've already read around before i've posted, they call me to take posted, i pay roughtly 24-26th every month, so they should have this money cleared, and they when there on the phone with me, they clearly say your payment has gone through,

I think i did claim on this ppi, but to be honest, i dont see any beneifit from this? they did as far as i can remember i did sign a new contract, and as far as i know i still have both the orignal, and the new one,


thanks postggj.

[aargh]

there trying to get more payments out of me, what shall i do???

regards

[postggj]

please post up the contracts minus personel details
its important