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Jayne.35
Posts: 2 Joined: Sat Aug 24, 2013 9:56 pm
we have completed our iva and have our certificates, we have been notified of a successful PPI claim.We have received a letter from equity in finance saying that we have to send the cheque to them,i understand they did the claiming for us but do they not just work out from the awarded amount what we owe them?
Foggy
Posts: 33395 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Hi Jayne, EIF will be seeking to pay the whole amount (less their fee) to your former IP to be distributed ( less THEIR fee) between your creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
luluj
Forum Expert
Posts: 11333 Joined: Sun Dec 09, 2007 6:54 amLocation: United Kingdom
Welcome ....Unfair as it seems, EIF as foggy says will want to administer the payments to your creditors.
Sharing from experiences of dealing with debt
nickjohn
Posts: 969 Joined: Tue Feb 07, 2012 11:27 pmLocation: United Kingdom
did you sign an MVM letter giving your IP authority to chase any PPI after completion, if you did then it all goes back to your creditors..
