I have just received via courier paperwork for me to read and sign on my behalf to make a claim for PPI claim.
It's quite bizarre to make a claim against the creditors and they pay the money to an IVA company to which they then get some of the money back?
I wrote to DFD and they confirmed that Equifax are acting on their behalf.
I don't get any of the money and as I have only a few months to go until my IVA finishes I might as well wait until its completed get my certificate and do myself.
What are other peoples opinion about these tactics from DFD?
Regards.
Brian
The vast majority of us aren't impressed and it isn't just DFD that are doing it.
You may find that by not signing them and sending them back that it causes a delay with your completion.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Some companies are insisting that the forms are filled in - not too sure on DFD's stance though.
If you have been missold though then the money should either go to the original loan or be paid into the IVA pot so that your creditors get a better dividend.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
But it's stupid for the banks to pay out into a fund where the money gets gobbled up on the IVA fees for them to get some of the same money back!
I have emailed directly DFD again to find out if Iam legally obliged to fill it out even if I feel I wasn't mis sold PPI and will it delay my IVA completion in a few months.
The Banks are forced by Law to repay PPI as it has been proved to be a scandal. However much I think about it I just can't see how you believe that it is money that you should defer from all your creditors and keep for yourself. We all pretty much got ourselves into the debt cycle and have taken the IVA route to release ourselves from the pain and stress of being in a never ending circle of trying to balance the books where we had more money owing out than we earn. Being able to pay back more to creditors due to this PPI mis selling claim in my mind sits easy with me. If you know that you have no legitimate claim then your IP should take this into consideration when closing your IVA and I suspect it will make no difference to the time line of you getting your completion certificate.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
If you genuinely have a PPI claim to make acorn, then I would not wait until the end of the IVA. Your creditors are entitled to that money, and I doubt that your IP will close your case without a declaration that you have no claim to make - and therefore will not make one at any stage in the future.
Can I ask that posters remember that IPs also did not create this issue about mis-sold PPI and yet again we are getting bashed for doing our jobs. There is absolutely nothing wrong in IPs enquiring and encouraging their clients to make PPI claims. If the fees that they are earning for doing this are transparent and agreed by creditors, then they are doing nothing wrong.
Acorn - if you genuinely have no claim to make, then confirm this with your IP asap. But this will disbar you changing your mind at some stage in the future for obvious reasons.
I have just sent my PPI forms back to my handler -- I sincerely doubt there is any to be had, but, if they wish to try and find some, good luck to them.
Before all this PPI rubbish erupted I said on here that, even if I had PPI, after the creditors have written off a good chunk of my debt, it wouldn't sit easy with me to claim it back, so I am happy (if there is any) that it goes into my IVA pot.
What does annoy me, though, is the chunk the claims handling company is hiving off.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
melanie iva firms are creaming off a referall fee for these ppi claims so why are they not just imfoming clients that they should check for themselfs if they can make a claim.that way it does not come across as a money making scheme for the iva companys who do not need to do any extra work for these fees.saying if you dont apply for ppi your iva will drag on and not be completed is shocking to say the least as in my proposal theres nothing to say this should be happening.talk about having you by the throat.
cc received 6th January 2014 now upwards and onwards
Tobymoz - Payplan say that you do not have to complete these forms if you have never had PPI so you don't have to send them back.
Back on track - this has only come to light recently and so would not have been written into your proposal.
I'd far rather someone else sorted it out and I'm not liable for the fees rather than wait until afterwards and possibly be out of pocket.
I am aware that it can be done without using a firm but some people aren't happy with that and like it done for them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I've taken a bashing on here a number of times as I feel quite strongly that any potential PPI claims should be realised for creditors and that it is morally wrong to hide or lie about a claim until it after the iva is completed. If there is a claim to be made; the iva shouldn't complete until fund are realised...it isn't a case of delaying completion.
Broke, im usually the first to slag off the banks and credit card companys which probley comes across alot from my posts BUT you are 100% right with regards to this ppi, if you do know you have a claim then surley you cannot expect to keep any of it.
I just wouldnt bother claiming any!!!!!![:D]
I know 100% we are not entitled to any claim so thats that.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
If you genuinely have a PPI claim to make acorn, then I would not wait until the end of the IVA. Your creditors are entitled to that money, and I doubt that your IP will close your case without a declaration that you have no claim to make - and therefore will not make one at any stage in the future.
Can I ask that posters remember that IPs also did not create this issue about mis-sold PPI and yet again we are getting bashed for doing our jobs. There is absolutely nothing wrong in IPs enquiring and encouraging their clients to make PPI claims. If the fees that they are earning for doing this are transparent and agreed by creditors, then they are doing nothing wrong.
Acorn - if you genuinely have no claim to make, then confirm this with your IP asap. But this will disbar you changing your mind at some stage in the future for obvious reasons.
why has this just become the norm recently though Mel? Is it because banks are not contesting claims anymore therefore its easy pickings?
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
