PPI (again, sorry!)

[Gettingthere]

I know there has been a lot posted on this topic this last few months or so, but I am 2+ yrs into an IVA and have received PPI claims pack (via a claims company via my IVA company), is it mandatory to file these foms? I was never forced to apply for this insurance so feel it is a bit of a cheek to ask for repayment when the vast proportion of any monies would go to a claims company if it were to be successful (funny how MBNA/Mint-RBS are absent from the forms?)

[Niobe]

If you did not take PPI insurance or, feel that you were not missold then just send them back to your IP (or the company they are using) stating that you have not done this.

That's what we have done as we never had PPI.

[Broke of London]

If you feel the insurance was sold correctly and fit for purpose then you don't have a mis-selling claim and should advise your IP accordingly.

[Gina.gu]

We were told we had to claim it. We insisted we did not take it out any mis sold ppi . Had to be very firm and say we were not signing anything to say we were mis sold. There was no tick box on our forms to say we did not think we had been mis sold ppi. That's why we had a problem. Yours may have a space

[Broke of London]

If you are forced to claim despite a categorical denial of mis-selling; you could always write a comment on the form if no other option exists.

[Niobe]

We just had to write across the forms - NO PPI. We did that, sent them back and also told EIF who were happy with that.

I have been retired since 1994 so no way would I ever have taken out PPI.

[Broke of London]

Sometimes you just have to play the game. Give them authority to investigate to show you are co-operating but at the same time make the disclaimer to cover your bottom. It's their waste of time!

[Gina.gu]

Gettingthere, harpic has an idea just write across the form if no tick box maybe

[Gettingthere]

I have had PPI in the past but I do not believe it was mis-sold. To be fair the IVA company are not insisting on filing a claim but encouraging a claim so to speak. I may just email IVA company and ask for no further action against these as they would be false claims of mis-selling(EIF must be making a mint of all claims which are successful)

[kazzafunk]

Good idea BOL. I know some companies are being quite insistent that people claim to increase the dividend. If you write a disclaimer on the form then I presume no-one can accuse you of fraudulently claiming the funds back from the creditors insurance branch.

[Gina.gu]

I had to be very firm as eif and my ip accepted I was not going ahead for the reasons you mention, but I have still been geting mail from creditors saying my claim wasa being investigated eventhough my ip had told eif to stop too. Wasn't until I said I would complain to the highest level that it all stopped. Good luck with it. Broke of london also has an idea which may be useful or maybe just fight it ?

[Niobe]

EIF phoned us just once after the pack had been received and when we told them we'd sent the forms back marked No PPI they were quite happy with that and we've not heard anything since. Not had any letters from creditors either.

[Muggins]

I never sent the claim pack back to EIF and they asked why not! I just said that I didnt want to do it! I have now received letters from creditors as EIF have been instructed to claim all late payment charges! Apparently they do not have to have the debtors authority to do this! Once again they will receive 40% of this! My iva has completed and I've had my cc! Wonder how they are going to sort these monies out now then! Or will it come to me as my case officer hinted that it may well do now that I've had my cc!!

[Broke of London]

The IP can still act as a trustee in some cases and distribute monies after an iva has closed.

You have nothing to lose by letting them make a claim on your behalf (if you have a claim). 40% is a hefty fee but 60% of something is better for your creditors than 100% of nothing.

[Gina.gu]

I would say the thing there is to loose is your time as the ppi claim can drag out your iva closure. Sometimes people don't have that time to wait.