www.iva.co.uk

Hi all, it's been a while since I last posted and have learned a lot while on IVA.co.uk

My full and final was settled two weeks ago with Payplan Partnership. It's taken six years to clear more than £60,000 worth of debt, and now it's done, I can honestly say it feels great, 'born again' you might say, and some valuble life lessons learned.

I'd like to say a special thank you too Melanie and Andy, their help over the years has been indispensible, not only too myself but for so many others who happen to stumble across this great resource.

I have one last question.

Today I received information regarding PPI, and miss-selling. Payplan are preferring the advice through a claims company called Equity in Finance.

I've read in the news recently firms specialising in this sort of business should be avoided. In which case do I wait too be approached by my bank (Barclays), or go directly to them if I believe I’ve been miss-sold?

Would love to know forum members views on this, and whether they’ve received similar letters.

Love you all, JohnT

Excellent news John.

If you have been missold the insurance then you will have to sign those forms and send them back so that Payplan can make the claim and distribute the money to your creditors. The fees won't be paid by you.

If you have not been missold then tell Payplan that you haven't.

It may delay your completion if you don't sort it.

Since I've succesfully completed my IVA with no more money owed to my creditors, I was sent a full and final letter a few days ago, would any potential PPI claim still be distributed to creditors or to myself?

Very happy for you, John. I had a mail from Payplan today on that very subject. They say there'll be no charge for processing any claim, but someone has to get paid somewhere down the line. I'll be looking at the forms and info very closely when it arrives.

Best wishes for the future now that you have this monkey off your back.

Have you received your completion certificate yet john?

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Have you received your completion certificate yet john?

That's a good shout. I've received a letter thanking me for a full and final payment, made generously by a family member, and advised on the phone that a variation meeting was held and a final settlement fiqure agreed and that no more contribution is required but no Completion Certificate.

Without sounding paranoid, why would they be inviting me to pursue PPI when I have no Completion Certificate? Seems a bit fishy to me.

John I'd chase your completion certificate and keep chasing it. Best wishes
Oscar

If they are chasing PPI then there is a possibility that the completion letter will be delayed. Claiming PPI will mean a better dividend for your creditors.

IPs are wise to check with clients about potential PPI reclaims prior to closure as it is our duty to maximise the return to creditors generally, and these potential claims are assets of the arrangement.

As for getting paid, wasn't there a post on the forum this week confirming that the claims company being used by this IP firm were getting paid 40% of any successful claim?

Well done on getting to this stage - you have come through your journey and can now look at what you will do each month with the extra money - if you are like me, budgeting has become second nature and you will want to continue in this manner, albeit with a modest increase in some allowances....

Hope the PPI issue is sorted for you quickly - I really would consider making my own PPI claims and removing the opportunity for companies such as Equity in Finance from receiving upto 40% of the refund !

All sound advice, thanks everyone. Johnt