Hi there. GT have confirmed to me that any PPI refunds prior to the "spotty letter" have been paid into the IVA estate, including the interest, which will not be returned to the debtor. Only payments made after the Mass Variation, to which the spotty letter relates, will see the interest element going to the debtor.
Like you I have been rewarded for co-operating early by the "loss" of around £1200 interest -- still the creditors are better off ( along with my IP).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
[8D]i have a total of 41 seperate claims for ppi that eic are processing for me so hopefully i will get some
interest back from some of them but i am not holding my breath.
Wow - 41 claims to process. I will await the outcome of that with some interest. I wonder if, when these are all paid, whether you really would have needed to enter into an IVA in the first place?
We received one of these spotty letters a couple of weeks ago. It is still here as we are not happy to sign anything. We are waiting for Karol to hopefully give us a date for closure after waiting almost 2 years and have asked her about this letter but she did not let us know.
Hi bobble, I read your post with interest as EIC also claim I have 40 claims for PPI. However I cannot see where on earth they get a figure of 40 claims from.
40+ claims, eh? And you did not know about them? So how the hell did EIC get to find out about them?
If you did not allow GT to share your details with EIC, then GT have actually broken DP Act rules. One of the most basic is this:- "all clients' details including name, dob, address, etc, has to be kept confidential unless consent has been sought and approved". This applies to all banks and financial companies including IP firms! Remember that! GT may be very good with how they keep their information confidential, but can the same be said for EIC? Had anybody heard of them prior to GT mentioning them by post in July 2012? Not many, I guess.
It may be an idea if you all find a spare 30 minutes of your time to read about the Data Protection Act - some IVA firms are guilty of asking for your consent, not being given approval, but still release your details to other 3rd parties regardless. Other firms may not ask for your approval and just release the details anyway. Both trends are against the law!
So...don't be bullied into signing what you are not totally happy with or understand.
Had a call from GT today in response to a query regarding these letters in a spotty envelope. They advised us to sign all the forms and send them back so we can be included in this mass closure. My husband signed although not happy about it but if we didn't goodness knows how much longer we would have to wait for closure he told them he felt he was being blackmailed. Anyway they are all signed and in the post. Fingers crossed this is the end of the road for us after a two year wait .
So, my partner received a spotty letter today telling him that if he should sign this variation to terms etc etc or else it may delay closure of his IVA. So that would be the IVA that finished over 2 years ago and that we have a closure certificate and final report for, dated over a year ago? Really GT, are you THAT useless? This is either a horrible level of incompetence or those details have been passed on without permission AFTER closure of the IVA, surely a breach of the DPA?
Last edited by kittyface on Tue Mar 26, 2013 4:43 pm, edited 1 time in total.
