Hi. Have been in an interlocking IVA with my husband since sept 2014 and have just received the pack through the post in relation to equity in finance investigating any mis sold ppi claims. We have to sign the contract and also an authority form for each creditor which is fine.
As we are knew to all this I wondered if anyone who is already going through this could let us know what happens after the authority forms have been received. How long does this process normally take. It says at this stage all they need is the signed documentation back to proceed and if any is found they will be in touch. If any mis sold ppi is found do eif require any further information from us. If so what kind of information. If any is found it says the payment will be sent to the IVA superviser so it can be paid into the IVA. Would we get informed as will if any was found and that the payment would be sent to the IVA superviser or would we only find out at annual statement time which details what has been paid in The authority forms are only for the creditors in the IVA and asks if we have taken out any previous loans or credit cards to let them know the details. We don't have any paperwork anymore for any settled loans/credit cards so not sure how can
To add to my message above which I sent before I had finished. I am not sure how I can get hold of any information on any previously held loans or credit cards
Just respond that you no longer hold that information was was no longer required when you entered into the IVA.
They will probably do a deep dive anyway.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Is your iva withpayplan ? , I have been through the process with EIF and have to say it was relatively painless they filled in most of the forms and I signed them ,I honestly thought I had no PPI at the beginning but they found some and sent the money directly to pay plan ,the nice thing is I recieved over £1700 in interest #128516;
Ok thanks lifenoteasy. I will do that. No I am with mccambridge Duffy Marcus. I am not aware of any either which is why I have never claimed myself but they have to try to increase the return to the creditors. That's a bonus receiving the interest. How is the interest worked out and why does the interest come to the individual and not paid into the IVA pot x
sosilly - the company you are with is one of the good guys so be transparent and there should not be a problem.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
I was with Payplan & completed several forms for EIF - I didn't have any PPI which I knew but obviously they wanted to check it out! The process was relatively easy, the only time I had to 'have words' was when EIF sent a letter claiming that I hadn't returned forms (which they admitted could have been lost in their internal postal system) & they would have to inform my IVA Supervisor that I wasn't cooperating. Once I'd explained the error of their ways they apologised & everything concluded smoothly!
Yes, they sent a letter after each search & a final one confirming they had completed all of their enquiries & they had notified my Supervisor that there weren't any PPI funds available.
Hi Sosilly, I completed my original pack with EIF in July 12. I didn't think i had any ppi but they have claimed some back so far. I had to fill in a few more forms but all very painless. They are still looking into one but all the rest have been sorted.
Hi Sosilly. We must investigate PPI and in many cases there is none to recover. You tend to get notification of any award and it is paid in to the IVA 'pot' but the tax implications of any interest payments are addressed so you are never out of pocket.
Any queries and please contact myself or anyone in the office but it is standard procedure and nothing to worry about.
which I knew but obviously they wanted to check it out! The process was relatively easy, the only time I had to 'have words' was when EIF sent a letter claiming that I hadn't returned forms (which they admitted could have been lost in their internal postal system) & they would have to inform my IVA Supervisor that I wasn't cooperating. Once I'd explained the error of their ways they apologised & everything concluded smoothly!
