Being realistic - I dount it in the short-term. Even complaints to regulatory bodies can take up to a year to process unfortunately - but dare I say it continual dialogue with Karol and her team may produce results.
Thanks for the replies guys,
So let me see if I have this right ? My IVA has, in all effect, ended apart from the issuing of CC.
I have received paperwork from GT asking for my permission to grant them a variation of my terms, allowing them approach our creditors in a view to closing our account before investigating mis-sold PPI claims.
The reason for my hesitation is that I have a home secured loan still on-going, which is not included in the terms of my IVA as it still has 12 years or so still to go. I know for definate, I took out payment insurance to cover against unemployment etc and I do not want them approached as I fear that would cause a certain degree of friction between us, plus, as I knowingly agreed to the insurance there was no mis-selling.
If I allow them to go ahead with this, am I giving GT permission to investigate PPI, or will they need to get further permission for the PPI claims ?
Neither your IP, nor the claims management company engaged by them, can approach a creditor without your permission, so if you are happy that the policy which was sold to you was requested, necessary and competitive there should be no need for them to be contacted.
Whilst I agree with your statement Mel, the sad truth is that claims companies have approached creditors without the debtors permission. There are threads on the forum as a matter of reference. Some of these companies are cracking this PPI nut with a steam roller and I fear have no other motive than the 30% share they will reap. Morals I suspect are low on the radar with some of them as well.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
When I see winston123 bashing his head off the desk that is just how I feel. Where do we stand ? 82 months since start of iva all payments made but no closure and no paperwork to sign re PPI. Closure team too busy to reply to e mails. If these letters are dropping through doors then what is happening ???? They are not dropping through our door.
You will glad to hear that the PPI claims on all Companies is coming to an end in March. If no one has made a claim by then, it will be too late. I was reading this the other day. My final payment was June last year and I have only just got my CC. Try contacting Karol she is very good and helped me. I know it is not right to wait so long for your CC but I don't blame companies trying to claim back PPI there is a lot of money that they can make from mis-sold PPI and it is to payback the debt!! Best of luck and speak to GT.
A rough deadline for the end of Payment Protection Insurance (PPI) claims has been suggested by the British Bankers Association (BBA) as the summer of 2014.
But, as you say, Heretoday ... nothing has been agreed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Not sure where this information is coming from - but there is no cut off date for claims so far as I am aware. Would be keen to know the source of such comments.
Right,
Have got an update. We have received the paperwork for the variation and it seems to be very ambiguous. The letter head clearly states Grant Thornton, but the return address on the pre-paid envelope is to EIC who are GT's PPI reclamation partners.
There is no clear statement in the forms that say that giving permission to apply the variation changes will allow EIC to start PPI mis-selling investigations, but obviously it will.
It seems GT are clutching at straws to try and get an extra 30% share ? It does state that once they receive the completed forms that the new terms could be applied in as little as 6 weeks !!!! Shame they can't get people's CC out to them that quickly huh !
The last FAQ included in the paperwork ask "what happens if I say NO to this change" :- then the IVA will stay on it's original terms and conditions.
Seeing as my T's & C's say my IVA can't run longer than 72 months there is no need for GT sending me this as my contract with them has effectively ended so any changes to the terms are usesless to me, but to GT they are worth ££££'s [V]
Yesterday I sent both of my IP supervisors an e-mail expressing my concerns, and last week sent one to GT's (in)famous "customer (couldn't) care" dept and await a response. That'll be another 2 week wait until they reply then [;)]
I find this quite interesting. Not GT but Payplan, if the 72 month period up ended many months before their mass variation (approx 6 months). Am I correct in assuming the IVA will have expired? (For anyone will knowledge of Payplan's iva t&c's?)
