Well, having had my spotty letter a short while I had a phone call from the claims company, stating categorically that they were GT, asking if I was going to sign it.
I said no, as there is nothing in it for me. "But it will bring your IVA into line with GT's" ... it already appears to be --- nothing in the variation that will change, apart from the increase in fees. "Ah, what about interest on the PPI?" ... GT already have the interest and won't give it back. "what about the ability to grant payment breaks?" ... same as in my current agreement. And on .. and on ..
In the end, "OK, I will log you as dissenting on our system".
There goes MY completion Certificate !!!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Stoney -- I am pretty sure that is the word he used -- I was on my mobile in the middle of Tesco at the time, mind you (and shouting!)
Sally -- they are the letters GT are sending out to propose a variation, on the face of it, to allow completion with PPI investigations outstanding. So called because they come in envelopes covered in large purple spots.
Jeffw -- one of my claims went back beyond 6 years -- but the current loan it related to was in my IVA (rolled in from earlier loans with the same lender). I don't think there is a limit at the moment, but one of the incessant TV adverts keep saying a time limit will be introduced (marketing ploy maybe?)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
PPI reclaims can go back for an indefinite period, so long as you have the paperwork to prove the claim, as on closed accounts creditors only have to keep the paperwork for 6 years.
They've been trying to get hold of me for the last 2 days and got me just before I went in to a meeting today. When I said I wasnt tempted to sign the document as there was no benefit to me at all of doing so...the agent
asked what time I would be home (7pm) and said he'd call me then to discuss in more detail...I'm expecting a call any minute and a determined effort to get me to sign. Good luck to them I say.
Well -- I had call number 2 this afternoon, this time for the ex. I went through it all again, though this time the agent actually listened -- or appeared to. I have no doubt they will contact the ex on her mobile and try again.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I had full spotty call yesterday and in fairness the guy was quite reasonable. He accepted early on that there was no benefit to me in signing the spotty, and when I asked him why GT wanted to increase fees by 10% to the detriment of my creditors, he answered honestly that if there was no benefit to me in terms of everything else that was in the letter, he could see why I wouldnt agree to the change.
Overall, handled quite well and he reassured me that there will be no detriment to me n the handling of my case as a result of saying No. Time will tell, I guess.
I am sure that GT will be concerned to see their PPI processing team giving the clients the impression they do not have to claim if there is nothing in it for them. Clearly if the potential claim is rightly an asset of the IVA, then this is very poor advice from the perspective of the IP and the creditors they are accountable to.
Mel, they aren't saying you do not have to claim -- just that you do not have to agree to this particular variation, which, in many cases, merely increases the IP's fee, most, if not all of the other variations already accounted for in the original proposal.
Of course, there will be some who might benefit from amended conditions, and might also benefit from any PPI interest ... but that has to be considered on an individual basis.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Mel, Foggy is quite correct...my PPI claim is ongoing with EIF (since last March). The Yes or No is in relation the the revised terms, the main one of which, as Foggy says, raises their fees from 15% to 25%.
I'm now really confused, and getting fed up dealing with posts about GT and mis-sold PPI and mass variations if the truth be told. Am going to have to start getting a little more selective about what I respond to, as this really is an issue for you all to resolve with GT directly. Sorry to sound grumpy ...
