Equity in Finance (AGAIN!!)

[On the mend]

Over the last week I have had, yet again, the misfortune to have to deal with equity in finance.
It would appear that they were under the impression that I had EIGHT barclaycards when my IVA was accepted.( I had one, for about eight months, the PPI if there was any would be tiny).
Some bloke then rang me back after I had told them this wasn't the case to inform me that they had "got some reference numbers mixed up". I did in fact have only the one?!
Got a letter from them today stating they had been trying to contact me but my contact details were incorrect, this despite the fact that TWO people had phoned and spoken to me last week from EIF.
The letter was dated two days after these phone calls but had been sent anyway. EIF said it had been sent in error.
DFD have been brilliant throughout my IVA and why they affiliate themselves with EIF is beyond me. Dealing with them has been the only bad thing about the whole IVA process.

[SFA]

They are shambolic leeches. I have asked them and Payplan for a breakdown of all the claims and how much, if any, they have recovered. Neither company can tell me. They refer me to each other. You couldn't make it up.

[todd71]

I have the same problem with EIF what they do is they get a list of every card number you have had say in my case Barclaycard. The account was open over ten years prior to iva and i held both Visa and Mastercard accounts so you can guess how many cards i had over the years!!! EIF think that every card number relates to a different account that they can persue PPI for ARRRRRRR i was receiving batches of claim forms six at a time for the same accounts (that they had in fact already received a ppi payout for the year before) then the phone calls start 3 or 4 times a day it like having the creditors on your back again. Keep a record of everything you send to them including date, time, names of any of the EIF staff you speak to ect. In the end they agreed with me they have a problem with dupilcation of claims and that they are chasing linked card/account numbers that have already been investigated for PPI and in some cases compensated.

[SFA]

todd71, a very familiar story.
I was inundated with repeat forms and calls saying they had never received my forms. They threatened to inform my IP that I was failing to co - operate with them.
I sent a letter of complaint and the next form I got, I sent back via recorded delivery to them.
Needless to say, they rang and accused me of not returning the form. I then quoted the Royal Mail reference number and the name of the person who signed for it.
Big apologies, long letter of apology and I haven't heard another thing from them. No calls, no letters, no duplicate forms to sign. I agree, they are akin to a pushy creditor demanding payment. Call after call, letter after letter. Things are quite peaceful again now.

[country girl]

All sounds familiar! I have always been pretty sure that I do not have any PPI but was more or less forced into putting in a claim with EIF. Lost count of how many forms I have signed and although I have had letters from Barclaycard confirming that I do not have PPI they still keep pursing it. Total waste of time.

[Radish]

I purposely avoided EIF when I found out their deductions. I did my own PPI's and the creditors got 100% of what I recieved. With DFD's (generous to themselves) deductions and EIF too - too many people have their fingers in the pot and its less to the people that you actually owed the money too in the first place!!!

[ashb]

I also HAVE to use EIF and in my view they are not fit for purpose and I blame my IVA firm as they chose them to partner with them and get a bog handout from them. a disgrace as are the IVA firms that freely use them but should have the clients best interests to heart

[ashb]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by ashb

I also HAVE to use EIF and in my view they are not fit for purpose and I blame my IVA firm as they chose them to partner with them and get a big fat handout from them. A disgrace as are the IVA firms that freely use them but should have the clients best interests to heart

[Goosed]

If you know and are adamant that you have NOT BEEN MIS-SOLD ppi, surely these such companies cannot force you to sign over authority for them to make potentially fraudulent ppi claims.

It`s got to be harassment on their part and perhaps legal advice can be sought as in such cases, if you HAVE NOT BEEN MIS-SOLD ppi, they would be coercing you into aiding and abetting attempted fraud.

Not all ppi was actually mis-sold, and these claims specialist companies are causing people misery and potentially committing fraud just to line their own pockets.

[Foggy]

As long as there are no lies made in a speculative claim there is no fraud. If the claim isn't valid it will be refused.

You cannot be 100% sure you were not mis-sold PPI until you ask. Many people don't even know it has been slipped in and some who even asked for it, didn't need it, or would have found it would not have paid out if required, and that, as per the F.O is mis-selling.

[Goosed]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy

As long as there are no lies made in a speculative claim there is no fraud. If the claim isn't valid it will be refused.

You cannot be 100% sure you were not mis-sold PPI until you ask. Many people don't even know it has been slipped in and some who even asked for it, didn't need it, or would have found it would not have paid out if required, and that, as per the F.O is mis-selling.

But if you were adamant that you bought your ppi policies willingly and fully understood all the policy conditions,surely to God you cannot be forced into lying and aiding these `companies` to attempt to commit fraud?

As I posted, not all ppi has been mis-sold,

Some people may/will have actually understand the cover levels and conditions of the insurance policies and wanted them, in any such situation they shouldn`t have their IVA completion held up indefinitely and their lives put on hold even longer just because some incompetent ambulance chasing leeches are after a few quid more at their expense.

In such instances surely you cannot be forced into signing claim authority forms.

I wonder what a solicitor would say if you asked their advice on the matter in such circumstances.

Even worse are the cases where people who know they have never taken out any ppi are having to wait indefinitely for IVA completion and closure, having been bullied and threatened into signing claim authority forms whilst these useless morons pursue claims that don`t exist.

[Foggy]

In the circumstances you quote, Goosed, what will happen? The lender will, in all likelyhood, defend the claim and refuse to pay out. No foul.

As I said, as long as you make no false statements regarding the circumstances of the sale, there is no fraud.

What is the problem however, are the inordinate delays caused by the time these speculative claims take. Which is an entirely different matter. Of course, another matter is the fact that many companies manage to deal with PPI within a few months and it is only a couple of the (larger) firms who are using these incompetent claims firms --WHY ?

Why would a reputable and substantial firm use such a shambolic outfit ?

[Goosed]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy

In the circumstances you quote, Goosed, what will happen? The lender will, in all likelyhood, defend the claim and refuse to pay out. No foul.

As I said, as long as you make no false statements regarding the circumstances of the sale, there is no fraud.

What is the problem however, are the inordinate delays caused by the time these speculative claims take. Which is an entirely different matter. Of course, another matter is the fact that many companies manage to deal with PPI within a few months and it is only a couple of the (larger) firms who are using these incompetent claims firms --WHY ?

Why would a reputable and substantial firm use such a shambolic outfit ?

Sorry Foggy,

Edited my post and added a bit whilst you were replying[:I]

[Foggy]

No worries Goosed.

[lou3]

The insolvency practitioner has a legal obligation to investigate whether or not any mis-sold PPI may be outstanding. That means you can either use the company they do these things through or provide letters from every single company you have ever had any kind of loan, credit card or arrangement with confirming that you were not mis-sold PPI.
No they cannot force you to sign the paperwork - but if you don't the IVA can be failed for non compliance. You do have that choice.