Hi, I paid my last payment to my IVA in December 2015. During the 66 months I gave authority for a third party company to act on behalf of the IVA company to search for PPI. PPI was returned to the IVA from most of the creditors they searched. Last week I received a letter from the IVA company asking me to sign new authorities for two credit companies that have previously been requested for PPI. These were rejected a few years ago however it appears a new PPI company is being used and in my opinion they are having two bites at the cherry. This is also delaying me receiving my certificate.
Are they able to do this?
Also a secured joint loan had PPI which I sought myself (not part of the IVA) however the IVA company took half of the monies. Can they do that even though this was not part of the IVA (the secured loan)?
Any monies due from PPI will go to the creditors irrespective of the fact that it was not part of the IVA.
I would sign the authority on the understanding that the IP company will issue you with your completion letter immediately.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi - suggest you agree to sign an assignment of any PPI so they can close the case for you.
Yes they can keep the other PPI - it would have been an asset of your IVA. Sometimes IP firms allow you to keep the interest. As you did all the legwork you might want to ask if this is an option.
