Hello, It’s been a very long time since I was last here. I completed a F&F IVA back in 2007. I am pleased to say there is life after a IVA. Like most people I get calls from various PPI companies . I have always ignored them knowing how much was written of in my IVA. I have just had another call . With Christmas fast approaching and a 7 year old daughter I wondered if there was point trying to claim any PPI back ? I looked up my old IVA company GT who have been taken over . I have spoken to them about PPI and they seemed very unsure about it as it was such a long time ago.
Can anyone advise me if it is worth even starting the PPI process or would it just go back to the IVA Company ?
GT and Aperture are basically the same firm rebranded and, from experience, GT would go for blood if they got the scent ! Now ... after such a period it could be that the old records have been deleted or that the creditors could have moved or gone out of business and it depends on if the refund is worth the effort. Unfortunately, you are not going to know until you have tried ...BUT ... if the creditors involved either pay direct to Aperture or offset against the old debt (both things do happen) then the claims company will turn to you to pay the 30% fee !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy wrote:GT and Aperture are basically the same firm rebranded and, from experience, GT would go for blood if they got the scent ! Now ... after such a period it could be that the old records have been deleted or that the creditors could have moved or gone out of business and it depends on if the refund is worth the effort. Unfortunately, you are not going to know until you have tried ...BUT ... if the creditors involved either pay direct to Aperture or offset against the old debt (both things do happen) then the claims company will turn to you to pay the 30% fee !!
I was thinking of trying it by myself. So no bills to be paid. I have heard some reports of the company keeping the original capital but you getting some of the interest.
Depends just how committed you want to be in trying your arm? If you believe it may just be worth a punt at claiming yourself then go for it. But as Foggy say's don't employ a claims company or could end up out of pocket.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Foggy wrote:GT and Aperture are basically the same firm rebranded and, from experience, GT would go for blood if they got the scent ! Now ... after such a period it could be that the old records have been deleted or that the creditors could have moved or gone out of business and it depends on if the refund is worth the effort. Unfortunately, you are not going to know until you have tried ...BUT ... if the creditors involved either pay direct to Aperture or offset against the old debt (both things do happen) then the claims company will turn to you to pay the 30% fee !!
I was thinking of trying it by myself. So no bills to be paid. I have heard some reports of the company keeping the original capital but you getting some of the interest.
Could work, but you are still supposed to report these refunds to the former IP for consideration. We have no experience of what could happen if you do not and they, somehow, find out.
Over the last, 8 or 9 years insolvency firms have all differed and some have also changed attitudes and policies mid-stream. Some would allow you to retain the interest element (one such was GT, but this only applied between a couple of dates (My PPI was claimed just before they decided this and they kept it all !). Some offered the first £500 of each PPI claim, but most take it all !
If you do it yourself, you might be lucky ! If any gets paid over to your former IP, insist on getting an account of the distibution as the funds can only go one of two ways : you or the creditors ... NOT, apart from their agreed fee, to the IP !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
