I was also with Payplan and have nothing but praise for them, my F & F was accepted in January and we received a letter confirming this, my case officer contacted me yesterday to say that 2 lots of PPI have been awarded from a secured loan which was not considered in the IVA, EIP have chased this and sent details to Payplan, they are now dciding if I should receive any of the money, 2 points here: the loan was secured against my property and therefore could not be included in the IVA, and we have a letter of completion with no signs of having to pay any subsequent windfalls, any thouhts anyone
Last edited by ricbro on Wed Feb 12, 2014 3:13 pm, edited 1 time in total.
Regards PayPlan it does come down to case officer...and they do have a turnover. I've had a couple of poor ones, but others have been really good, and my current one is excellent. I've received some decent paybacks on PPI, but having asked PP they tell me I have to contact EiF themselves for a current update on outstanding PPI - something I'm not looking forward to doing given the bad rep EiF seem to have regards communication. My final payment is in September, and I'm hoping to be clear of PPI by then, but given the sheer volume of forms I've had to return to EiF I really have no idea where things stand anymore.
I contacted eif loads of times and always got the info or had thing altered on the spot.if you tell them or ask them to give you updates they will.this is just my experience with them tho.
cc received 6th January 2014 now upwards and onwards
I have a more positive post on Payplan.I have spoken to a lovely lady there today about my equity release and has restored my faith. As I cannot release equity she has suggested that I propose to pay an extra 12 months (this is not mentioned in my original proposal).She is very hopeful that this will be agreed by the creditors.
I will be happy with this and at last will see some light at the end of the tunnel.
The secured loan was included into your IVA, and the PPI mis-selling claim may also have been an included asset at the time you entered into the IVA, if the proposal was specific about this, or carried the "all-assets" provisions. Your IP ought to be able to easily advise you as to the status, and it won't matter whether your IVA has closed or not as to your creditors being entitled to the funds paid.
I have spoken to Payplan and they are still deciding if I am going to get anything from the 2 PPI cheques which they have in their possession, on a better note, my security clearance for my new job was cleared by the Home Office even though I have been in an IVA, should start new job mid-March
