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Hi has anyone claimed PPI after their IVA was completed and they have received their certificate and is this ok to do? We believed we didn't have any to claim however a company keeps cold calling and saying my husband can claim and I am tempted to just tell them to prove it but don't want to jeopardise anything as our IVA is complete and I am so glad that it is all out of the way

Hi pip question

There appears to be several viewpoints on this no matter if that from one of the professionals on here or indeed other google research, confused also by how each individual bank , credit card co decides what they consider isnthe correct way to deal with any refund. I believe some ip's say it's still an asset of the IVA, yet others may as the outstanding debt was cleared, there's nothing left owed to the creditors so the monies yours

I know I havnt given a definitive answer, but may be better to wait for an answer from one of the sites iPs

Good luck

Hi ppiquestion - you need to check with your IP as to the terms of your IVA as it may indeed be seen as an asset of your IVA. You may also have had to declare if you had any claims to a PPI refund. Best to check first before doing anything.

Let us know how you get on and remember you should only be making a claim if you feel you were genuinely misold PPI in the first place. Hope you get to keep any funds if you do claim so you can enjoy them after the hard work of getting through your IVA.

Thank you for your reply I cannot remember taking out any PPI on my creditors I just felt it strange that the company kept calling. I don't think it was in our IVA paperwork however I did say that there was no PPi to claim back as that is what I believe.

They will be persistent as there is a possible 40% of any refund in it for them.

Annnnnd suggest you don't use a claims company the FSA have already said it's not suitable for insolvents, although I guess your not, but they may still have statute on you, as the creditor you have claimed from may come after you for the a reclaim of the claims fee! Banks revenge

You can even make a claim via email just google it to see how easy it is or moneysavingsupermarket

Lenders only need keep PPI records for six years it's tied in with the FSA/FOS rules but use the same time limits as statute

Or is it just better to let sleeping dogs lie!

I don't see how an external company could know whether your husband could have a potential PPI claim without having received information from yourselves - so err with caution but tnen there is no harm in finding out if they are prepared to act for you on a no win no fee basis.

Sponge - could you direct me to where you are saying the FSA are recommending people do not use claims management companies. I want to check this out for myself before contacting them.

Mel, I have found this: http://www.bis.gov.uk/insolvency/person ... bankruptcy

although this specifically states bankruptcy, I'm not sure if they view IVA's in the same manner

There are similarities lem, but while bankruptcy is dictated by statute, an IVA is largely dictated by contract law - so depending upon the terms of the contract will dictate how these claims are ultimately dealt with.

Hi, I'm in the same position as you pip question. GT told me it was mandatory to seek pip compensation, however have since sent my certificate of completion. I'd be keen to understand GT's position on this. Thanks

Good Morning Chris2202,

We would be happy to review your case and respond to your query.

Please contact my Customer Services team by email at ivacustomerservices@uk.gt.com quoting "IVA Forum" in the subject box or alternatively by telephone on 0844 855 2166 to discuss your case.

Kind Regards

Claire

Melanie a poster put a link direct to FSA website page, but where! I'll have a punt around for it on their website later. I hope you found the time barring on PPI claims useful, once I had read it in the which magazine. I did my homework (didn’t I just) on the FOS website and whilst they don't generally quote legislation as they have their own rules they use the legisistive benchmarks in the case the 3&6 as posted.

I couldn’t then but help look up statute relative to IVA now that has an interesting outcome! I've just commented on it on a post "completion process" and I have a question on their which I'm sure you can answer about why an IVA is 60 months not 72

there!

This is a comment from the Insolvency Service and relates to bankruptcy cases. It is not recommending that people do not use claims management companies, it is merely telling people to watch out that they do not get caught to pay fees in the event that the claim is off-set against the debt to which it relates, or against other debts with the same bank. Most good claims management companies will contract that they will only charge fees in the event that cash becomes payable to their clients.