Is it worth checking for ppi

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Curlywurly13

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Post by Curlywurly13 » Sat Apr 13, 2019 3:34 pm
Hi sorry for the question as you have probably been asked it often.. is it worth seeing if I had ppi .. I finished my IVA in 2012 and have my completion certificate.
Thanks in advance :D

Foggy

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Post by Foggy » Sat Apr 13, 2019 4:16 pm
Sat Apr 13, 2019 3:34 pmCurlywurly13 wrote:
Hi sorry for the question as you have probably been asked it often.. is it worth seeing if I had ppi .. I finished my IVA in 2012 and have my completion certificate.
Thanks in advance :D
If you are entitled to any PPI refunds they will be payable to your IP, so I would leave it to the IP if he / she wants to claim.
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

Radish

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Post by Radish » Sun Apr 14, 2019 8:55 am
Isn't the PPI deadline sometime this year?
IVA complete March 2014 after 6 years.

Curlywurly13

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Post by Curlywurly13 » Sun Apr 14, 2019 9:23 am
Thanks for you advice.. I was contacted by part of the team I was with stating that I could claim and it would come to me so wasn't too sure .. when I came out of my IVA I wasn't asked to sign any forms regarding ppi or anything .. :D so I'll just leave it ..

Foggy

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Post by Foggy » Sun Apr 14, 2019 9:53 am
Sun Apr 14, 2019 8:55 amRadish wrote:
Isn't the PPI deadline sometime this year?
29th August --- but that is, as far as I know, just PPI. There will, no doubt, be a scramble to find other things ---- bank charges, mortgages sold without full fees disclosure, any insurance sold without full disclosure.
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

Radish

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Post by Radish » Sun Apr 14, 2019 11:54 am
Considering I have been through an IVA myself - I don't think my partner has claimed any PPI back at all. You would think I would have noticed :? :lol: :lol:
IVA complete March 2014 after 6 years.

jhonpaul12

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Post by jhonpaul12 » Tue Aug 20, 2019 9:45 am
I think that It is often worth doing.Because number of people have discovered the PPI and has added to credit or loans to cover the repayments of financial difficulties..

Foggy

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Post by Foggy » Tue Aug 20, 2019 10:46 am
Tue Aug 20, 2019 9:45 amjhonpaul12 wrote:
I think that It is often worth doing.Because number of people have discovered the PPI and has added to credit or loans to cover the repayments of financial difficulties..
If you are in an IVA, or have been in the past, any PPI refund still belongs to your creditors and is often paid direct to your IP, meaning that the claims companys fees ( if you used one ) will have to be paid by you !
If my IVA firm want to dabble, they are welcome, but I would not bother to do it myself.
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

jhonpaul12

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Post by jhonpaul12 » Wed Aug 21, 2019 7:13 am
[/quote]

If you are in an IVA, or have been in the past, any PPI refund still belongs to your creditors and is often paid direct to your IP, meaning that the claims companys fees ( if you used one ) will have to be paid by you !
If my IVA firm want to dabble, they are welcome, but I would not bother to do it myself.
[/quote]

Yes but there will be a inconsistency surrounding the treatment of PPI in compensation of IVAS. But An asset is something of value which can be used to help pay off your debts.An IP is someone who is licensed and authorised to act in relation that he owes money collects money due to the person or company.

Foggy

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Post by Foggy » Wed Aug 21, 2019 9:25 am
Wed Aug 21, 2019 7:13 amjhonpaul12 wrote:
If you are in an IVA, or have been in the past, any PPI refund still belongs to your creditors and is often paid direct to your IP, meaning that the claims companys fees ( if you used one ) will have to be paid by you !
If my IVA firm want to dabble, they are welcome, but I would not bother to do it myself.
[/quote]

Yes but there will be a inconsistency surrounding the treatment of PPI in compensation of IVAS. But An asset is something of value which can be used to help pay off your debts.An IP is someone who is licensed and authorised to act in relation that he owes money collects money due to the person or company.
[/quote]

I do not understand the point you are trying to make.
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

jhonpaul12

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Post by jhonpaul12 » Thu Aug 22, 2019 6:50 am
If we qualify for the compensation how to check for the PPI and how we can refund the PPI?

Foggy

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Post by Foggy » Thu Aug 22, 2019 8:13 am
Thu Aug 22, 2019 6:50 amjhonpaul12 wrote:
If we qualify for the compensation how to check for the PPI and how we can refund the PPI?
The IP will, if he or she wishes, check for PPI and the creditors often send the refund cheque direct to the IP.
If you want to check for it you can write to the lenders yourself and they will either send you the refund, which you should pass to the IP, or they will send it to the IP themselves. You could also use a claims company, but, if the creditors send the refund direct to the IP ( as they often do) you will have to pay the claims company fees yourself.
BUT ... there is only one week left to make claims ---- after the 29th August no more claims can be made.
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

jhonpaul12

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Post by jhonpaul12 » Fri Aug 23, 2019 7:02 am
[/quote]

The IP will, if he or she wishes, check for PPI and the creditors often send the refund cheque direct to the IP.
If you want to check for it you can write to the lenders yourself and they will either send you the refund, which you should pass to the IP, or they will send it to the IP themselves. You could also use a claims company, but, if the creditors send the refund direct to the IP ( as they often do) you will have to pay the claims company fees yourself.
BUT ... there is only one week left to make claims ---- after the 29th August no more claims can be made.
[/quote]

Ok well but If I have missold the PPI how can i know and if the creditors send the refund direct to IP how much fee they can claim and why the claims cannot be made after the august is there any information...

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Post by Foggy » Sat Aug 24, 2019 10:18 am
You will only know if you claim -- many claims are based on the fact that the person didn't know they had PPI added -- so you have to write to all lenders and ask ... some will tell the truth, some will still lie !

A claims company can do this for you -- they charge between 25% and 40% of whatever tyhey get back --- it varies from firm to firm.

August the 29th is a deadline set by the regulator as the last date you can start a claim.
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
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