Welcome Financial Services Ltd
Failed 02 March 2011
You might be eligible for compensation
Welcome Financial Services Ltd is no longer trading and went out of business on 2 March 2011.
We've determined that Welcome Financial Services is unable, or likely to be unable, to pay claims against it in relation to the selling of payment protection insurance (PPI) on or after 14 January 2005. As a result, Welcome Financial Services has been declared as failed.
You could be eligible to claim PPI compensation from Welcome Financial Services through FSCS – it’s completely free to claim with us.
Please note that if you still owe money to Welcome Financial Services and we find you are owed compensation under our rules, we’ll first subtract any compensation payable from the money you owe to them. So if your outstanding loan balance is more than the compensation due, we won’t pay you any compensation.
If you choose to appoint someone to claim on your behalf (such as a claims management company or another representative), you may not receive any compensation, or enough compensation to meet their fees.
FSCS won’t be able to refund you for their fees.
See our PPI compensation limits and their conditions on our PPI page.
20 Dec, 2019
Welcome Financial Services Ltd entered into creditors’ voluntary liquidation (CVL) / scheme certified liquidation (SCL) on 16 December 2019.
If you bought a PPI policy from them and the information you were given was misleading or insufficient, you may be eligible to claim compensation with FSCS.
We can help you claim - there’s no deadline for this - but we can only accept a PPI claim if the advice was received on or after 14 January 2005.
Click the 'Check if you can claim' button above to start the process.
Welcome Financial Services PPI claims
We provide compensation for customers when financial firms fail, meaning the PPI deadline of 29 August 2019 doesn’t apply to us. So, if you bought a PPI policy and the information you were given was misleading or insufficient, and the firm that gave you the advice has since failed, you may be eligible to claim compensation. We can help you claim, but only if the advice was received on or after 14 January 2005.
If you were a customer and think Welcome Financial Services mis-sold you a PPI policy, or Welcome Financial Services earned commission from the sale of PPI but didn’t tell you the level of the commission when you bought it, you could claim compensation through us.
Click the ‘Check if you can claim’ button to start the process.