I do agree with what Andy is saying. I've never been concerned with fees as my IVA ones come out of my monthly payment and, if I were to claim PPI through the IP, I wouldn't be paying them either.
Don't forget as well that it's not just Payplan using this firm - I think a lot of companies are.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I don't mind paying IP fees as I chose my firm and agreed the fees. What i would mind is being ripped off...and 40% for sending a couple of poxy letters falls into that category. The fees do matter for some people as it could affect early completions.
I can't understand how they get away with the fees. The same firm are or want to deal with our ppi and its 33 per cent fees so it seems the fees are different, which is strange
all depends on how greedy they are and if they have captive clients ie dont even have to go looking for work.if they and the firms feeding them all the contacts want to charge a lot then they will and some people will think this will harm there iva if they dont comply.to be fair payplan have come out and said(for once they have not left people hanging for info)that they will only offer this service and not force it on anyone.its just in the last year or so, many things have popped up like the vat issue which just makes everything even more stressfull for us and the firms and things can go tits up very easily now,when it just used to be get through 5 years its now get to the end then hang around for another 6-12 months while we do paperwork.
Last edited by back on track on Sat Mar 31, 2012 10:10 am, edited 1 time in total.
cc received 6th January 2014 now upwards and onwards
just an after thought sat here thinking about it.what is the actuall point as reguards the iva when if you make a successful ppi claim and the actual company who pays it out just ends up paying it back to themselfs as a clawback.only one creditor gets anything back.so if say an iva company gives out your details to a ppi recovery firm would they be prepaired to put there referal or percentige money into our iva pot?.
this would then add to our dividend.
i wonder is my train of thought a bit daft?
just thinking(which i do a lot of sometimes when i get a moment)[:D]
cc received 6th January 2014 now upwards and onwards
If the PPI goes back to one creditor then their claim becomes less and all of the others get a little more.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Customers should be encouraged to instigate their own claims for mis-sold PPI,so that fees dont come into it!!!
Its not hard to do for yourself and there are plenty template letters on line. All you have to do is write to any creditors asking them to investigate whether you may have been mis-sold ppi,job done,100% to the IVA NONE to EIF,no referral fees boosting insolvency firms etc etc.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Gemma Burton
Thank you Lesley We are asking clients that do not have PPI to return the forms with this on, this way our system will be up to date.
When did you ask your clients to do this because I have not received anything to that effect?
EiF forms arrived last week and went straight in the shredder as we have not been missold PPI.
I had a conversation with PayPlan (the PPI department) two days later and confirmed I had nothing to claim for (so they said ignore the forms), and today I received a call from EiF and told them the same thing, to which they said they "would make a note on my file".
As our IVA's completed last month, if I find out this PPI rubbish is one of the reasons why I have to wait until July (at the earliest apparently) until I get my completion certificate I will not be happy!
i told them i did not have any ppi (payplan)and they just asked for eif customer number off the paperwork and that they would contact them and tell them to take me off there list.then told me to just shred the documents.i was happy with that.
cc received 6th January 2014 now upwards and onwards
I have also received a fat pack of papers from equity in finance. As my full and final settlement was accepted I didnt think I should do anything with the forms, so I just shredded them. I have received a couple of phone calls from then leaving messages asking me to call, but Ive not bothered.
"Always remember that the future comes one day at a time."
IVA completed . Just started a blog, if you get chance please take a look. http://rich.blogs.iva.co.uk/
We are asking clients that do not have PPI to return the forms with this on, this way our system will be up to date.
