I got 2 loans within 6 months of each other 3 years ago from a well known loan company, Welcome finance. The first loan was for £**,*** which they added the interest and ppi (not being told i could find it else where and told i wouldn't get loan unless i got ppi) which made the loan £**,*** ,6 months later i got another loan for £*,*** they added this ontop of the previous balance then added interest and ppi onto this aswell which then became £**,***. My actual question is : is it legal to add ppi and interest ontop of ppi and interset or should they of worked out what i actualy owed from first loan then added the second onto this and recalculated the interest and ppi on the total amount borrowed ? As i have been recently informed it is not the correct way of doing it and i could get my loan quashed and any payments made refunded with interest as it is classed as an illegal loan ! please can anyone who works within this department (either loan advisor or someone who deals with loans) please advise me as to what is correct and what isn't. thankyou