www.iva.co.uk

I wonder if anyone can assist, I am finally out of my IVA..............at last, but during the final stages GT / Claimsbroker made a claim for my PPI, which to be honest was quite a sum came from it, approx 7000, obviously I never received any of it, but then I was advised that the Statutory interest would be calculated and i would be paid this amount, I finally got the calculation of statutory interest through the post, the total value was £5500 but out of that the claims management company took a whopping 2000 and then GT took supervisor fees of another 1500.00 totalling 3500.00, which was well over half the statutory interest value I was initially given. GT advised originally that they would pay this payment to me, but never told me that they would then take an another Supervisory fee, and god knows what this supervisory fee was actually for as these have been a nightmare to be honest, Fair enough I understand the claims broker are due their fees, but I thought I had paid supervisory fees when my IVA first started, I have a question if anyone can help, are GT entitled to take another set of supervisory fee fees out of my statutory interest, as they said I would be paid this amount? Thanks if anyone can assist, its just a kick in teeth again, when again why would they say I was entitled to this amount and then take another set of money from it ? Thanks for time if anyone can assist.Regards Darren -

I rang GT about the fees on PPI, they take 23%. No wonder they want everyone to sign the spotty letter. EIC take about 40%.that leaves about 37% for you. still my interest not paid to me

As said elsewhere, GT are not entitled to take 15% of the interest payment they have agreed to pay to you. They are only entitled to 15% of monies paid in to the IVA estate, which is not happening with the interest element of the PPI refund.