www.iva.co.uk

Hello all,
i used this forum when i was in my iva and it was a great help thank you all...
Now im back because im still not finished even though i thought i was...
I finshed my iva in december 2011 i was waiting for my completion certificate which was due in march...it never came
instead i had to make a ppi claim through my iva supervisor...i was annoyed... ok..fair enough the claim had to be made but i just wanted an end to it all

Now nearly 12 months since i finished my iva and 6 months since my ppi claim i have heard nothing
my iva company will not help me as another company is dealing with the claim and
the company handling my claim dont care about my iva and do not return my calls or emails

next year will be 7 years with this hanging round my neck..i paid my iva back every penny, every bit of overtime,christmas bonus and rebate i got.....i know im longer making payments yes thats great but whenever i get my ppi claim finished i still have to go 12 months clear to re-instate my credit score.
not even that im desperate for credit i just want an end to it all
Any body have any idea what i can do ?? anything ???
thank you

Hi and welcome

Which company are you with?

hello,[:D]
i was with debtfreedirect or whatever they call themselves now
thanks

They are still called DFD.

Try emailing your IP directly with your complaint via this link:

http://www.insolvencydirect.bis.gov.uk/fip1/

thank you for that link
i have mailed and phoned may times they say its nothing to do with tem anymore until the ppi claim is finished
i have also mailed and phoned equity in finance the ppi company and they just fob me off they dont care about my iva or me

Speak directly to your IP - you might find you get answers that way.

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Niobe

Speak directly to your IP - you might find you get answers that way.

thank you

Let us know how you get on.

I am afraid PPI is delaying many a case closure at present, and I do hope that things will begin to speed up in the New Year.

The point here though Mel is that why is there no time limit on these claims? This just should not be allowed! Also I still do not understand if the claiming of ppi is compulsory! If it is then why are some companies offering incentives or some even saying its up to you whether you sign the forms! If the banks are now off setting their own debts then why put a claim in anyway? They will only keep their own entitlement and the rest going into the claims company pot! Sorry this is my opinion only but I do feel that the financial incentive for both IVA and claims companies is the driving force!! To the detriment in most cases to the debtor who stuck to their part of the contract! And god help them if they hasn't!

I know this is largely irrelevant now, Muggins, but I feel the banks should have been (made to be?) much more proactive in rectifying was was, after all, their misdeed.

Rather than lining the pockets of claims companies they should have automatically reviewed all loans and, where PPI was found, simply reduced the loan by the relevant amount, or, if the loan had been cleared, refunded the debtor, or IP if in an IVA.

In the long run, they would probably have had to pay around the same in processing costs, but the monies would have gone to where it belonged, one way or another, without this shambolic mess.

If a person had gone for Bankrupcy instead of an IVA would the Bankrupcy be held open while they investigated PPI claims?

Interesting question -- I would have thought so, yes. As the discharge wouldn't happen until the OR was happy that they had garnered all collectable assets.

Just to reassure anyone who is bankrupt, you will still be discharged at the normal time. The PPI issue is not stopping automatic discharge.

Therefore Viki, a question, after the bankruptcy is discharged, you have a personal lawful claim for missold PPI? Unless the bank tries to setoff, which is frought with complications, in this instance, that could be a bankrupcy 'carrot'?