Commission on PPI claims?

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alan544

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Post by alan544 » Sat Jun 09, 2018 12:38 pm
I have completed my IVA, but the firm that dealt with the IVA (Aperture) still keep commission off any money they send me from PPI claims that they dealt with. is this right, why do the firms that have been claimed against still deal with them and not direct with me?

kallis3

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Post by kallis3 » Sat Jun 09, 2018 1:58 pm
PPI is an assset owed to your IVA and will be distributed to your creditors. If you manage to pay off your whole original debt plus fees and possible statutory interest anything else will be returned to you.
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Foggy

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Post by Foggy » Sat Jun 09, 2018 2:26 pm
Basically they deal with the firms that owe PPI refunds rather than you because those refunds belong to your creditors and not to you. Aperture have an egreed fee structure in place with the creditors and are entitled to deduct that fee as agreed ( typically 15% of the claim after the claims companies commission) .
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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peersie

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Post by peersie » Sun Jun 10, 2018 3:13 pm
with aperture you get the interest minus their fee[obviously].well i did

peersie

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Post by Foggy » Sun Jun 10, 2018 3:58 pm
peersie wrote:
with aperture you get the interest minus their fee[obviously].well i did

peersie
Not always -- it depends on the version of the terms of engagement and their opinion at the time .. I got zilch from them when they were GT and paying either £500 or interest to others. However, as I wasn't expecting anything I was not disappointed !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

peersie

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Post by peersie » Mon Jun 11, 2018 5:02 pm
i was lucky then i got £3000 over about 3 year period each and every time i did the claiming
monies went to them directly[expected]but they charged me a managment fee for claiming it.
i did the claiming so i had to fight to get the fee back .waited for cheques to clear[obviously]
did get it back though

peersie
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