Well here i am again, with an update and new questions.
I am currently in an IVA with Freeman Jones (£33,000 of Debt), 3rd Year review pending
I am in the process of claiming PPI via Think2Claim, from :-
Marbles - Investigated & Denied, after at least three weeks they have still given no reasons to Think2Claim or actually informed me of any decision, i only found out when i called T2C and asked for an update on my claims, until there reasons are given, i will have to wait to see if it's worth pursuing (how long is long enough to wait?).
MBNA - Still Investigating, now over 8 weeks.
C
&G - Still Investigating, i did not know about PPI on mortgages, but i do have numerous "Homeowner Loans" with them, now over 8 weeks
Barclays - Investigated & Denied, whilst i received a letter and reasons for denial, they have so far not told T2C anything, i am forwarding a copy to T2C to see if it's worth pursuing, i believe it is as there reasons do not ring true with me.
Argos - Still Investigating, now over 8 weeks.
Lloyds - Awarded £15,600 in PPI, after confirming what i already knew, that the money will be going back into the pot, i was left with these questions.
Since i owed Lloyds around £16,000 when i started my IVA 3 years ago and i have now been awarded £15,600, does that mean, including 3 years of payments to Lloyds via my IVA, if my award is more than i owe Lloyds, i will get the diffrence back ?
I ask this because i have been previously told my IVA was started in a period when only each creditor would receive there money and it would not go into the "Big Pot", if thats true, can i expect the change....if any ?
Ofcourse there's fee's to pay to T2C, so the point may be moot.
The letter also itemised the 8% Statutory Interest (Tax Paid)
I still cannot find out if i will receive the first £500 of any claim or if i receive it all if the company sold on the debt, which everybody apart from Lloyds & C&G have.
And as a last question, once any money i receive goes into the "Big Pot", does this leave me in a better position to negotiate a Final Payment if i wanted to settle early ?
Oh, and incase your looking, There's no Cake
