www.iva.co.uk

Hi,
I am in the later stages of my 6 year IVA, only two months left to pay. I applied for my credit file yesterday online just to check what it looks like and noticed that on creditor has registered a default in April 2009, 3 years after my IVA started. I was under the impression that they could not register any defaults after the start of your IVA, or am I wrong??
Also if Cleardebt are looking into claiming PPI back how long does this process take, I've sent the letter of consent back to them to allow them to act on the PPI claim they sent me and was hoping I'd get my completion certificate not long after my last payment on the 5 November? Any time scales on completion letters etc would be very much appreicated I can almost see the light at the end of a very long and dark tunnel thanks to an Ex using my details!!!

Hi,

They can continue to default until the end of the IVA - one of my creditors does this every month. Once you have finished then you need to contact the data controller from that company, enclose a copy of your completion letter and get them to remove anything after the date of IVA acceptance.

Hopefully you will get your completion shortly after you have finished.

Hi Mitzy

There are three members of Cleardebt that post on this forum so hopefully they can answer your question shortly.

My experience has been that they send you the first letter asking to give authority to a claims management company (CMC) to “investigate” if you have been miss-sold any PPI.

Within a week or two you will be asked to sign a separate form for each account that you have ever held so that the (CMC) can write to each bank/lender on your behalf and tell them that you have been miss sold ppi for a number of reasons.

The banks after acknowledging receipt of the letter have 8 weeks to carry out their own investigation.
If they agree that PPI was miss-sold then they will offer compensation. If they reject the claim the (CMC) can write again to the banks and ask them to reconsider. Or they may show that PPI was never sold to you in the first place which would be the end of the matter.

If the banks still reject your claim then the claims company under direction from your IP may refer this to the Financial Ombudsman Service (FOS) to make a judgement on the claim. If they do refer it to the FOS then claims are currently taking 18 months to process.

So in short, if the banks agree straight away that you were miss-sold PPI or that PPI was never sold to you it could be wrapped up in about 3 months. If however PPI was sold but the banks state that it was not miss-sold then you could be looking at 21 months.

The above information is based on my own dealings with Cleardebt, your circumstances and experiences may differ.