www.iva.co.uk

I finally got my spotty pack from EIC, 10 months after I told GT that I would let them claim PPI for me.

Having read through the letter, it says that I can do it myself, otherwise they'd claim a fee from the refund.

So would I go about claiming it myself like I would if i didnt have an IVA, like anyone else would? How would I go about giving some of it to the creditors?

GT mentioned on the phone a while back that I would get 8% of the refund. Would this increase if EIC werent taking a cut?

OK -- if you claim it back yourself all of it goes into the IVA. GT say they will allow you to keep the 8% interest element (NOT 8% of the refund)-- not all refunds have interest. This will be 8% less income tax ( the interest is taxable) and less GT's 15% ( or 25% if you have agreed to their fee increase). You should get to keep the 30% that would have gone to the claims company.

Basically, and it pains me to say this, YOU are not going to be any better off claiming it yourself -- the creditors will be better off by 30%.

How annoying, but kind of expected. Thanks.

Oh and also, they've only sent me forms about creditors from within the IVA but i can think of at least one loan that finished before the IVA started that I could claim PPI on. I get that there's no incentive for me to tell them, i guess. Am i right? Is it a case of more money being repaid to the IVA pot?