www.iva.co.uk

Although I still have about 24 months to go, I am starting to think about any potential PPI problems that I may encounter further down the line.

I have had a number of PPI arrangements in the past, but I can honestly say that I always took them knowing what was covered etc ... i.e. I cannot say I was mis-sold them.

I know that some may take the view that I am trying it on with a view to claiming a refund at a later date to try and avoid the money going into my IVA, but I genuinely was not mis-sold my PPI and could not legitimately make a claim.

Will I be expected to make what would essentially be a fraudulant claim for miss-selling, or is there a mechanism to declare that I was not mis-sold and that I won't attempt to make any claim in the future?

Thanks in advance

As I understand it the first stage is for the a nominated company (in my case EIC appointed by GT) to investigate whether there is a basis for a claim

You give them the permission to initiate this investiagtion on your behalf

Only if they determine that there is a claim will you make a claim - so you will not in fact be doing anything illegal
Fletch

Welcome, in a nutshell, your last sentence after comma, pretty much describes the procedure that you will go through, depending on your IP. Although some IPs will claim regardless of what you say.

I disagree! I can only go on my experience from my IP and the claims compant that they used, but if PPI has been sold, then they could force you to make a claim that it was mis-sold even if you swear on the bible that you had not been mis-sold it.

Fraudulent would certainly be a word that I would use to describe this!

Err Heretoday. Precisely my point. Please note in my post I wrote "depending on your IP" and "some IPs".

Heretoday, I have to agree that it is fraudulent to claim that you were missold PPI if you were given a choice and you fully understood the implication of your choice

There is another scenario, however, of which I have first hand experience.

I applied for 2 loans and was told that it was a condition of the loan that I had to take out PPI - it cost me a lot of money - did I make an informed choice (on the face of it most people might say yes) or was I duped into taking something that I didnt want / need?

fletch if you were told you had to take out ppi to get the loan then that is mis-selling

There are many reasons for having been mis-sold PPI, i would have a look at them and decide from there, good luck.x