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Posted: Mon Dec 22, 2008 10:21 am
by daveb
My variation meeting is tomorrow, and can't think of anything else at the moment.. Trying to keep busy but its not working so far.

As well as variation documents from my IP, I received this week a letter from EGG, claiming that I may be elegible for a refund of the payment protection insurance I purchased while having a credit card with them. Due to their mis-selling of the insurance and recent fine imposed on them, I guess this was a circular to all customers who purchased PPI??

Considering EGG are my majoriy creditor, and will hopefully be voting in my favour tomorrow, I think I will let this lie for now. But once the IVA is completed do you think I would be able to claim the PPI back??

Posted: Mon Dec 22, 2008 10:22 am
by Viki.W
good luck for tomorrow Dave, please let us know how you get on.

Posted: Mon Dec 22, 2008 11:27 am
by rayb
Hi Dave,

I am pretty sure that any money you would get if you did claim would be taken off whatever you owed the Creditor at the time as they are writing off a large chunk off by agreeing to the IVA in the first place.

Posted: Mon Dec 22, 2008 8:21 pm
by james.c
Is this true, if EGG agree to the F and F and oce you have got your completion certifacte, the surley means you are debt free and owe nobody anything, so if you pursue egg, surely they must give you the money

Posted: Mon Dec 22, 2008 8:32 pm
by Lisa2009
I think that because they have already agreed to write off a proportion, they would just keep the money to make up for some of their own losses. Remember, in the IVA they are not likely to be getting 100p/£