And there is also this issue of tax and how the company can claim it back. My IP told me that if they had got my ppi then they have to submit that for tax purposes also and if I went through the whole term it would hold up the completion because the tax office have to give tax money back to the IVA company.
Just had another letter from the IVA company sayign they ahve instructed a thrid party to obtain my ppi. I have again rung all my creditors to advise them that I have not consented to this.[:(!]
It would be completely rude and highly irregular for one IP to suggest to another IP that they should sort things out. This is the domain of the IPs own regulators if there are complaints to be made and answer.
I think you are again getting confused about the tax issue - can I urge you to get definitive advice on this in writing from your own IP specifically about your case, to avoid further confusion to other posters. Tax is payable on the interest element of any PPI reclaim, and it is your responsibility to account to this to HMRC properly.
Terry, are you prepared to name the company you are using? If, as you say, they are on this forum they may be able to pick up the post and clear up the confusion here.
I'm with the same IVA company has you and I was sent a questionaire asking me whether I thought I'd been mis-sold PPI by any of my creditors, so they could then get a thrid party to seek any refunds.
Maybe your case is an isolated instance with this IVA company?
I've had no other complaints with them, they advised me of my options and once I'd made my decision, gave me a speedy and professional outcome.
I have spoken to the ombudsmand about this and they informed me that, and I quote exact words:
"We are already aware of this company and other similar companies who have untaken this action. We are currently dealing with over 500 hundred compalints of the same nature"....
Well I'm sorry Terry but you still haven't supplied any factual evidence of what you are stating, by just saying 'listen to what people on here are saying' and 'Martin Lewis says this' etc etc, it's all just hearsay without any evidence to back any of it up.
Of course the ombudsman will have heard of Harrington Brookes, I would be surprised if they hadn't as they will be aware of most companies I should think and I am sure they are delaing with many complaints, but again, just because you complain to the ombudsman about something doesn't mean that your complaint will be upheld anyway.
I have no issue whatsoever with the problems you appear to have had with your own company and that you want to discuss that on here, but I do take issue with your opinion that all companies are the same and everyone is a problem when you can't back that up with any evidence apart from what a few posters may say on here or on other forums on the internet
We never got any questionaire at all we just got told by letter that they were obtianing our ppi and basically there is nothing we can do to stop this.
I called them today and informed them that we are going to make ourselves bankrupt after taking legal advice. I also called the Insolvency Service to ask them about the ppi, and they said that they will now be actively contacting IVA companies asking them to provide up to date breakdowns and statements of any ppi claimed whilst the debtor was in an IVA, and if any of the ppi money was held back and not distrubted and kept above and beyond any fees or profit, they now have to power to make the IVA companies submit it to the official receiver or trustee by law. They said it was relatively a new thing but will benfit the creditors as they are aware of IVA companies witholding and not disclosing any ppi money on request.
Even if the financial ombudsman is dealing with 500 complaints, and in my book one complaint is one too many, this is a drop in the ocean compared to the number of active IVAs, bankruptcies and debt management plans in existence. Probably less than 1%!
For all that is bad about the whole PPI reclaim and it does stink. Like all business there are good and shall we say not so good firms The majority of IVA firms are good I’m sure, save us from BR, losing our home, possible family break down or even worse. They do in the most act in the best interest of their clients, why would they not, we are our their livelihoods.
And as much as I want to b*itch (I like they way I’ve done that) about the some silly closure rates and the lack of aftercare, my IVA saved my soul!
I just wish I never went in the flopping thing now. We had another letter of the IVA company asking us to sign ans return a form called an RX1.
I looked into this by readig this forum and we were neve rtold about thsi form and that they can take an interest in our home. This is the first we have heard about it. Plus by the sounds of it I would have to re-mortgage at year 4!
Another wool over the eyes job that we were not informed about at the start. Anyone else been suprised by this whilst trying to relax and enjoy a weekend? [:(!]
