Get expert opinion. This is the place for new questions to be posted.
-
louiseh
- Posts: 418
- Joined: Tue Feb 13, 2007 10:49 pm
- Location:
As long as they don't actually want anymore money from me, they can reclaim what they like, I just want to get on with my life.
-
kittyface
- Posts: 91
- Joined: Thu Feb 21, 2013 8:31 am
- Location:
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by nickjohn
Hi Kittyface, I know it is only a technical point but you are not being asked to agree to variations, you are proposing variations to the creditors, however, these variations have been written on your behalf by GT and in return for submitting them they are going to give you a financial reward (Stat Interest)...
I just don't see that it's necessary if, as Foggy said later on, they hold all the cards. They can either:
a) Close the IVA and chase for PPI afterwards (I'm told this is perfectly legal - so why the variation?)
b) Hold the IVA open and chase for PPI before closure (I'm told this is perfectly legal - so why the variation?)
Eitherway, they don't need a variation, nor do they need to provide a sweetener. That's why I think it's a tad fishy, to say the least.
I would personally think very long and hard about allowing anyone 'irrevocable' permission to act on anything to do with me, to be quite honest.
IVA Completed August 2012
-
nickjohn
- Posts: 969
- Joined: Tue Feb 07, 2012 11:27 pm
- Location: United Kingdom
I fully agree, if they already have these authorities then why the need for the change..
I am not that surprised at the amount of people saying they are sending it back completed as most will just assume that as it is from GT then it must be ok, some won't understand what the contents mean and others won't think it applies to them so what's the harm in sending it back.. I have 3 years left on my IVA, assuming it goes to year 6, and a lot a can happen in that time..
