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Posted: Sat Aug 24, 2013 9:56 pm
by Jayne.35
we have completed our iva and have our certificates, we have been notified of a successful PPI claim.We have received a letter from equity in finance saying that we have to send the cheque to them,i understand they did the claiming for us but do they not just work out from the awarded amount what we owe them?
Posted: Sat Aug 24, 2013 10:05 pm
by Foggy
Hi Jayne, EIF will be seeking to pay the whole amount (less their fee) to your former IP to be distributed ( less THEIR fee) between your creditors.
Posted: Sun Aug 25, 2013 8:51 am
by luluj
Welcome ....Unfair as it seems, EIF as foggy says will want to administer the payments to your creditors.
Posted: Sun Aug 25, 2013 3:37 pm
by nickjohn
did you sign an MVM letter giving your IP authority to chase any PPI after completion, if you did then it all goes back to your creditors..