I have an IVA that I took out in 2007,it was extended due to change in circumstances and I paid my last payment Nov 2013, the PPI is cleared and they wont close as say I need to sign variation, deed of assignment and 2014 terms. Ive had legal advice telling me I dont need to agree any of this but they are now threatening me I will breach my IVA if I dont sign.
Move to 2014 protocol isn't and can only occur with your consent because it's a contract change.
Could be argued that ip is in breach and you should complain.
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.
They cannot force you to sign any variation of the agreed terms and must stick to those terms. Unfortunately they can delay completion until PPI is finalised --- which, because of the way the banks have been avoiding paying out on valid claims, might not be anytime soon.
All that said I feel you really need to make a formal complaint, possibly escalating this to their regulatory body as they are being wholly unreasonable and not acting in accordance with the agree terms, nor the spirit of the agreement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
The poster has said ppi has been dealt with so no need to sign anything.
Who did you get legal advice from regarding the case? I'd be tempted to pursue a complaint through your IVAs internal procedures firstly then look to invlove both their regulatory body and the ICO.
Idle threats really grind my gears. Your IP has had their pound of flesh,why cant they just be happy to have earned a substantial sum from your situation and close things to let you mive on???
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
It's all about approach - if signing over all rights to do with PPI gets me that CC that is what I will do (and let them waste their own time and money).
Post CC and with letters going out to people asking for people to authorise new PPI investigations - you have to wonder if the IVA companies have any sense of proportionality or even basic common sense.
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 think when it comes to PPI some of these IPs are proving to be as bad as the banks themselves. They seem to be aggressive when claiming it just as the banks were at selling.
*IVA started Sept 2010
*Last Payment Taken August 2015
*Completion Certificate Issued November 2015
