Getting phone calls from my old bank regarding loans that were taken out in 1999

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Garyd0559

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Post by Garyd0559 » Mon Sep 22, 2014 4:11 am
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equity & finance
I went into the iva 4 3/4 yrs ago now im getting phone calls from my old bank regarding loans that were taking out in 1999 I thought the iva company's could only go after ppi money that are bound within the loans ,credit cards please help
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Foggy

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Post by Foggy » Mon Sep 22, 2014 7:46 am
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I am afraid they can go after, and be entitled to, any PPI they can trace -- it is an asset regardless of it's source.

In the early PPI days loans outside of the IVA and secured loans were overlooked --- now the companies are rectifying this omission.

As has been said many times -- the legalities of these actions have yet to be tested.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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mole

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Post by mole » Mon Sep 22, 2014 6:31 pm
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Was this lloyds/TSB gary? This weekend my wife got a call out of the blue saying she had PPI on a loan from 1998. She hadnt even tried claiming, so nice of them to contact her!
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Garyd0559

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Post by Garyd0559 » Wed Sep 24, 2014 10:57 pm
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yes I have loads off calls from Lloyds /tsb. asking silly questions like it was yesterday, 25 mins on a loan in 1998 really !!!!!
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