having been given a %15 reduction in our iva payments and a 2mnth break to purchase a car this week, the ip has sent us today a letter about ppi and that some of our loans may inc an element of ppi,we have 7 creditors so 7 forms to complete,surely a catalogue company doesnt have ppi?
anyway if successful any money goes to the creditors it says in letter
Im sure 1of the loans had ppi and another company tried claiming it back for us few yrs ago but didnt get anywhere
Did you take out PPI when you took out any of your loans? If not then let your IP know. I would also let them know that you did try to claim one a few years ago and got nowhere.
Presumably you're not going to have to pay anything to try and do these claims?
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
Mart77 - It maybe that due to test PPI reclaim cases etc - in recent times - obstructive attutudes from the companies have changed - so there is nothing to stop you trying to reclaim again - But as Kallis has said - dont expect any money as all of this is likely to be paid into the IVA
Nice to see the IP firm jumping the gun and assuming that any PPI the OP may have purchased was mis-sold!!! Some people did buy PPI knowing and willingly!!!
Yes, I imagine they did! We always hear the negative side on here don't we? Some people do know what they were doing though.
I had it offered to me several times but as I get paid whilst I'm off sick it was a no brainer so I never bothered with it.
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 have said before on here - i for one will be glad when this "bandwagon" finishes
Oh reminds me - need to claim a refund on the house insurance as i havent claimed on it for 20years - must have been misold as "they said it was sensible to have it" [:D]
Last edited by ginger3232 on Sat Sep 10, 2011 2:12 pm, edited 1 time in total.
im 99% sure i didnt take it out as i always regarded it as a waste of money having read up,however my wife did take it out on one of her loans,but we were told about 3yrs ago she couldnt claim it back,wife actually doesnt remember taking it out but when we asked for a copy of her loan agreement it was on there
Some people where misold though, at the time I was told I had to have it to have the loan. Where the banks went wrong was that PPI is a financial product and we have the right to look at the whole market and buy the PPI that best suited us and would often be cheaper than going through the bank.
The other issue I had with my PPI was that when I tried to cancel it the bank would not allow me to, meaning that I could no longer afford my loan repayments.
I actually wrote about this on my application for the IVA detailing why I ended up in the situation where I could no longer repay my debt.
Hi
We have just received forms to, to fill in so DFD can reclaim PPI. When we took the poans with PPI we did know what we were doing, should we tell DFD this or just fill the forms and send them back.
It is just to do with the number of posts you have add.
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
