Can I request my IP establish if there is any PPI, claims outstanding before the completion date?
If you are on an IVA you cant get credit.... NO PPI WITHIN THE LAST 5 YEARS!!!!!!!!!!!!!!!!!!!!!!!!
Suppose most people on an IVA will have had lot of loans and credit cards like me... I don't want any PPI, I just want my IVA ending when its supposed to end.
Can I not sign over any claims to you to persue in you own time? I don't want my 5 year deal into 7 or 8 years.
But I still think that any extension to the IVA term due to administrative, or anything else is simply wrong.
I said all IP's because up until now I haven't found one that dosnt think its normal course to increase the term regardless of the situation, just to get round to finishing it.... They seem to just do it when they get a dry spell of getting new customers on board.
Yes some will do it within a week or 2, like this topic 2 YEARS...
The day you finish after 5 years.. It would be nice to have a letter through your door from the IP saying you were finished.....
My IP started looking at PPI within the first year of my IVA starting --- but this was down to luck of timing as the PPI "hit the fan" around that time. If you were near closure the IPs have no choice but to delay whilst investigations are ongoing. So, yes, they can start any time, the sooner the better, really.
True there will be no PPI originating in the last 5 years -- but a lot could have accrued before that -- even on loans that had ended before the IVA and so not mentioned at the time the IVA was started.
Some companies, have procedures that can circumvent much of the delays, others stubbornly refuse to use them.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Most IVAs do have a 6 month term for admin built in, as there are unavoidable delays, usually caused by creditors not making claims or being slow to respond. However, many completions these days are dealt with well within this time frame.
Looking around the forum it appears to be only a couple of (very large)firms who aren't playing ball and one in particular with admin periods in excess of 2 years as a matter of course, it appears.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
5 years is 5 years But you will see in the proposal that you agreed to 5 years payments plus 6 months admin, which can be extended.
Now, there is a question in my mind as to whether the IPs in question have extended the arrangement according to the agreed terms. If not then, yes, they have no grounds for not issuing a completion certificate as the IVA has, according to the terms, come to a conclusion.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I had the wondeful fortune of personally meeting Mel, who dealt with a lump sum IVA for me. Not only was this done speedily, I had my certificate promptly too. Please dont judge all IPs the same, they are not, Mel is a perfect example and I frequently think how lucky that she dealt with my debt issues.
Melanie has a justifiably good reputation but I also think it's fair to say that delays in issuing certificates due to PPI and other issues has recently been an industry-wide issue. In terms of the mortgage itself it's not always an issue because we have arrangements to circumnavigate this. I wouldn't expect Halifax to approve a mortgage even if the certificate was available though. Be careful about applying randomly to lenders though which can lessen your chances. You'll more than likely need a 15% deposit and there may be a bit of preparatory work to do.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
But you will see in the proposal that you agreed to 5 years payments plus 6 months admin, which can be extended. 
