I was wondering whether you could help me with a question I have about my completed IVA?
Back in July 2010 my F&F offer was accepted, I received my completion certificate etc and have been taken off the Insolvency Register.
Two weeks ago, the RBS contacted me to let me know that I had PPI on my loan with them. Didn't know about it; didn't even think I had it. Given that, I think I have a fair case against them and am contemplating submitting the paper work but is there any point?? If I submit the paperwork and I am successful will my old IP receive the money or will it just been handed back into the pot?
I thought once you had completed, you were free of it all but having read some of these posts I am not sure??
You need to read through the details of your original IVA agreement again. If it was signed before the PPI scandal broke, then you may have a case, for there will be no legal reference to PPI assets contained within it etc. If it does have such a reference, then you will be subject to the same rules as all others - some firms take the lot, some permit you to keep the 8% statutory interest. Has your former IVA firm / IP had any kind of Mass Variation Meeting dealing with PPI and other such issues?
Last monthly payment made 3 June 2013 after 6 long years. CC issued 21 August 2013, but, er, lost in the post. Finally got it 17 September.
Thanks for getting back to me. I don't have the paperwork anymore. As soon as I received my CC I took great delight in shredding it - maybe should have kept it in hindsight but really didn't think I would need it ever again.
As for my former IVA firm having a mass variation meeting, again I wouldn't know - I was just so relieved to get out of the whole thing and put it behind me - I've not really kept up with what they have done. I was with DFD and I signed my paper work back in Oct 2009.
I think given what you have said; I just won't put in a claim, given it seems that it may just end up going back into the pot anyway!
Your best bet will be to discuss this with your former IP, as if the bank uphold your claim they will almost certainly contact the IP who previously acted for you to see what their views are with regard to the claim. Some banks will also off-set it against any unpaid balance. Was this creditor included in your IVA?
