hi i also with dfd and they did not tell me of the vat issue and i had to find out by pestering them after my iva finshed ie last payement in dec2011 even with the last payement i had to phone them to check the date .my only communication was in early oct from them and EIF with the pack .i phoned dfd and i was told to put the claim in as my iva would be complete by the time it came through and i would proably get some money back as my divdend payout wasexpected to reach 71% and that was higher than the original 29% before the claims went in.i also asked why they hads not contacted 1 creditor the halifax in the last fiv e years they said nothing yet i was getting bills from them the last was feb 2012 with a demand for £10,000 so i phoned the halifax and they said they had had no commication with dfd so again on the phone to dfd and you guessed it phone always on plesas hold the line!!!!!!!!!!!!!!!!!!! . im now totally frustrated and fed up ive posted to declan and i did get ill see what i can find out but that was two weeks ago and nothing . still waiting for the explanations 1 fristly the vat issue
2ppi claims and fees on claims i have not sanctioned with EIF BUT THEY STILL WANT THE SLICE OF PIE
3fromal claims from 1 creditor
all im told are holding up closure i very confused and am tired of being bonuced around and not getting straight answers i wonder what my £100 month fees were for!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Well I did email Declan on 02/05/12, but I haven't heard anything from him as of yet. It's been less than a week though to be fair, and he may be really busy.
I'm still none the wiser as to whether I should vote 'yes' or 'no' re DFD's proposal to vary the terms of my IVA ["to allow its closure"].
dawn20, it seems like you've had a bad time with DFD too [:(] Did you recently receive a letter from them about varying the terms of your IVA to allow for closure? Did you vote yes or no?
Last edited by DustyJaneway on Mon May 07, 2012 9:29 pm, edited 1 time in total.
yes i feel i have and the most frusrating thing is that dfd dont answer questions and the phone calls that the customer services dont answer ive lost count of . this has only got this bad since i stopped pying /finshed the iva to me it seems that once the moneystops coming in from your bank account well its a waiting game . i really thought that i was at the end of the tunnel in dec but i was so wrong. yes i have had the letter and have said yyes i want this nightmare to end there was a date on my letteer for the 29th may @11.15 with the creditors lets hope its to complete!!!!!!!!!!!!!!!!!!! did yours say the same?
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by dawn20
it seems that once the moneystops coming in from your bank account well its a waiting game
So true! [V]
Just like you, I too in December thought I'd reached the light at the end of the tunnel. How wrong I was [:(] I think until I receive my Certificate of Completion and know that my IVA has dropped off the Insolvency Register (which wouldn't be until the end of this year any way), I will still feel trapped in what can only be described as the "debt nightmare" [xx(]
My letter sounds like it's exactly the same as yours - the meeting date & time has been given as 29/05/12 at 11:40am - just 25 minutes after your creditors meeting! [:0]
Last edited by DustyJaneway on Mon May 07, 2012 10:35 pm, edited 1 time in total.
hidusty jane glad to hear that im not the only one thats had a time and date maybe they are telling us the truth for once . this must also mean that eif have "milked the cow dry" with the ppi money and so dfd can have whats left in my case from the £15,000 pay back god i wish the creditors had just taken off the debt and not sent it arounnd the mulberry bush to get less than half back!!!!!!!!!!!!!!!!!!!!!!!!!!! i also hve a beef with eif i signed only 6 forms with missinformation from dfd and eif . then discovered from a creditor moeny repaid for a loan ppi form 10 years ago approx which was paid in full and id forgotten about this ive brought up with dfd and eif i did not give consent for this and therefore are not im not liable for the fees they demamded proof and were not very happy when i sent them the letter from the halifax but they have insisted on checking with them i have not signed anything esle . i think that if they try to take the fees from the £4403 i will use the fos the comlpain theyve already had a nice little earner up to now why7 did dfd tell me that i must use them to complete my iva my creditors will not beneift much from this action its crap....
Hi Dusty / dawn
I have received both your emails and I am working on them this morning. There are times when it is difficult to respond as soon as possible and I know that you Dawn have sent a few emails without a response so I do apologise for that but do bear with me as i m aiming to have both the queries outlined on this thread sorted out today.
It has been mentioned here by a poster that EIF charge 40% in any sucessful ppi cliams....I wouldn't like to say what Matthew Wright would say about this?His expletives would be xxx rated and censored under the 8 O' clock BBC broadcast watershed.
You see why this ambalance chasing ppi wagon is on full hyper swing...there is money be made on it.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by nomoremoney
It has been mentioned here by a poster that EIF charge 40% in any sucessful ppi cliams....I wouldn't like to say what Matthew Wright would say about this?His expletives would be xxx rated and censored under the 8 O' clock BBC broadcast watershed.
You see why this ambalance chasing ppi wagon is on full hyper swing...there is money be made on it.
I think this is a little unfair to be honest, i appreciate many people think that EiF are taking the whizz taking 40%, but if DFD didnt use a company like this who would pick up the extra work load? DFD staff? ourselves?
If it was done internally would this slow up the closures process even more?!?!
Arty
IVA completion and certificate received 08/10/2012!!!
I agree Arty, you either do it yourself or let the IP company do it for you - we've had our packs through today despite the fact that we told the IP we'd never taken out any PPI.
Gentleman....
I think from day one,people in an IVA were not encouraged to do their own PPI cliam by their IVA firms,it is only now that it appears you can do it yourself?
Question: Did DFD at any time say to the iva individuals, you can cliam PPI on your own(...required under the IVA clause prior to closure..) before you got the pack shove through your door
Hand up those who was told this?
Infact doing it yourself could not be simpler...there is a standard template form from matthew Wright's website and whole process endorse by Which.-No Admin cost,nothing-
I do not think I am been unfair,just been assertive of what should have been from day one! DIY PPI.
Now if debtors do not want to do it themselves then let EIF do it.But this was NEVER AN OPTION when this whole thing kicked off and we re seeing the fall out from it.
Last edited by nomoremoney on Wed May 09, 2012 12:29 pm, edited 1 time in total.
Im fairly aware that i could have claimed the PPI myself, but then again....why would i when there is the option to use a company that’s been allocated to do it on my behalf? In my eyes i wont be seeing any of the money whether there is 100% or 60% of it going into the pot, either way its going into the IVA, plus there would be the initial cost to me such as postage, printing, stationary, time consumed, 7 day warning letters etc
Also at no point during the proposal of my IVA was it agreed this would be a stipulation i would have to do such as yearly reports, sending in bank statements etc
So as far as im concerned it could be Ronald McDonald who does the PPI claim as long as its not making me spend time on it, i have far more important things to get done than chase up 8+ companies!
arty
Last edited by artemischild on Wed May 09, 2012 12:38 pm, edited 1 time in total.
IVA completion and certificate received 08/10/2012!!!
The hard truth of the matter is, Iva firms do not want iva individuals to go after PPI as they can be easily fobbed of with a 'N0',and give up and giving no serious returns into the iva pot -not to mention(as you had alluded to)disincentived to even try and not getting one penny of it.
As for an PPI firm with an army of litigants and threat of court action against lenders,not easily fobbed off and with the persistent of a pitbull.
The ppi firms will exhaust every avenue to win a claim...like a dog down a fox hole and if it holds up the iva completion so be it...it is not their problem.They will blame lenders for not getting back to them.It could take 6 months for these ppi cliams to complete if you have 8 creditors.
The PPI cliams things is a analogous to a defeated army of torsos with vultures swooping over it taking their pound of fresh....utterly deplorable...home phones are been bombarded with PPI claim ad even if you opt out by pressing '9' and you wonder how they got the number??????
Last edited by nomoremoney on Wed May 09, 2012 2:12 pm, edited 1 time in total.
However many creditors also want people to reclaim the PPi from them, especially those who own them so it can be offset, this is one way the banks are able to recoup some of there lost cash!
As i undersatdn the mjority of the big lenders have already worked out who is and who isnt owed via what policies were sold, so usualy if they say no, then there is nothing to claim!
I agree the PPi thing is depolrable, but then again its just taking the place of something else (previoulsy it was whiplash injuries etc remember them days??), no dount in another few years something else! where there is money to be made, there you will find people!!!
Personally i dont see the point in getting all excited or angry over it, its not illegal, its happening and its going to continue to happen no matter how much people disagree with it!
IVA completion and certificate received 08/10/2012!!!
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Loads a Debt
If I claim back any PPI from my creditors myself, can I take a 40% cut and then use the 10% 50:50 rule on however much I get back.
Hmmmm? Might be worth investigating?
Nice thought -- but, in a word, no ! PPI reclaims are technically assets, sometimes regarded as windfalls -- therefore the lot is payable (subject to the £500 deminimis, if you have it). The 10% 50:50 rule is for extra earned income.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
