Made last payment in November. Do I need to be concerned about variation meeting ?

[Penny.03]

I have paid my last payment for my Iva back in November now to do with ppi they are holding a variation meeting what happens at this meeting do I need to be concerned

[Foggy]

Hi Penny. It all depends upon what they are trying to vary! Some firms are simply asking creditors to accept formal completion of "paid up" arrangements while PPI investigations are ongoing. This allows the completion certificate to be issued earlier. Other firms are carrying out what appears to be the same exercise, but burying other variations in the detail, such as increases in fees.

[MelanieGiles]

Have you agreed to the terms of the variation Penny - and what is the meeting being called to consider?

[Penny.03]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy

Hi Penny. It all depends upon what they are trying to vary! Some firms are simply asking creditors to accept formal completion of "paid up" arrangements while PPI investigations are ongoing. This allows the completion certificate to be issued earlier. Other firms are carrying out what appears to be the same exercise, but burying other variations in the detail, such as increases in fees.

[Penny.03]

[the variation meeting is regarding my ppi which hasn't been resolved yet even though I made my last iva payment in November. I think they are trying to get my certificate before the ppi part is resolved

[MelanieGiles]

OK - if that is all that is being varied, it seems a sensible way forward and in your best interests.