i finished my iva on the 28/02/2014 with ppi still on going with equitity fianace until the end of september 2014 when all the ppi claims were closed which was agreed with debtfree direct.
Since then i have asked debtfree direct for completion and all i get is you will have to sign a deed of assignment so they can complete my iva.
i recieved a deed of assignment form back in january this year and told debt free direct that i was not willing to sign the form due to being so close to finishing my iva.
I have ask to speak to my ip supervisor on several occasions to no avail,have now been told completion wont go ahead with out signing the deed of assignment form which i refuse to sign.
could somebody give me advice on this matter.
jeff
We just signed a deed of assignment with DFD to end our IVA and I see nothing wrong with it - it merely stated that I assign any future PPI monies to the IVA.
Since we do not have any PPI it was a no brainer and DFD got our IVA closed in super fast time after we signed it.
Do you have particular reasons for not wanting to sign over the PPI?
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr
IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
We were with Cleardebt and had DRSP look for ppi. We didn't take and had no problems signing DoAs. If any ppi turns up, they are welcome to it. Hubby had completion certificate less than 7 weeks after his last payment. I have been waiting 25 days since my last payment. Hubby had nearly 40k written off, I do not begrudge them any ppi!
I don't want sign because I have finished my payments and all the Ppi have been cleared as with my contract.
I think I am in my right not to sign and it should not affect my iva I am not in breech of my contract as all the Ppi have been completed.
If I were to sign does it mean they can claim on any money inherited as well how long does this all go on
Yes, you have made all of your payments, no you have not finished your IVA.
All PPI discovered so far has been cleared. As has been demonstrated recently, many claims denied earlier are now being paid, and many claims were under paid, this might happen again and you IP wants to be sure that money goes into the IVA, as it should.
You can, of course, refuse to sign. You are, however obloged by the contract to comply with reasonable requests by your IP and it can be failed due to non compliance. In the meantime you are still in the IVA and bound by it -- si, if you inherit or win the lottery before this is sorted the IVA will have that money as well.
Once you have your completion certificate any money you get AFTER that date is yours ( except PPI).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi Foggy
As I have said before the Ppi have been closed with equity finance and deft free are aware of this so I can't understand why they can't complete
Hi Jeffrey. As I said, PPI matters change. Although this look tied up now, there could be more coming in the future ( as has already happened with one bank found to have underpaid claims). So DFD want to protect that potential PPI. As soon as they have that protection, they will complete.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Our deed of assignment specifically referred to PPI and so would not cover any other ingeritance or windfall. Hence I was happy to sign and DFD clearly worded it purely to relate to PPI only.
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr
IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
Take our advice and comply with DFD, your IVA will not complete until you do this so you are still bound by it's terms so any inheritance will be captured
With all due respect, stop being pedantic, sign the form, complete the IVA, and GET ON WITH YOUR LIFE.
The DOA will only be in relation to PPI payments so any inheritance or windfalls wont be included.... unless you keep refusing to sign the forms, in which case they will form part of your IVA.
Hi Jeffrey.d,
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Regards,
Evette
