PPI after completion certificate received

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musty

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Post by musty » Fri Feb 07, 2020 7:00 pm
Hi,
Just finished my IVA & paid the last payment in November,
I've received a a letter from the AVI company asking me to sign an agreement allowing them to claim any PPI mis-selling claims before they can issue me with Completion certificate & if their claim is successful the funds will be passed to my creditors.
Is that legal & can they hold issuing me the Completion certificate if I do not sign the agreement.

M EL

Foggy

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Post by Foggy » Fri Feb 07, 2020 7:23 pm
The courts rules a short while ago that PPI belongs to an IVA even after completion -- of course, yours has not completed yet anyway, until that certificate is issued. We are not, I imagine, talking PPI as the date for claims has passed, but they are probably looking at similar issues that seem to be surfacing.

It is reasonable for them to get you to agree to the investigations and refusal could actually result in the IVA being failed for non-compliance.
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

abbiesmum2003

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Post by abbiesmum2003 » Sat Feb 08, 2020 8:11 am
My friend is in an IVA. Her last (60th) payment is at the end of this month. Shes in rented/council accomodation so things should end for her soon.
She got a letter yesterday from ‘financial claims service’ stating they will be looking for PPI, PBA (packaged bank account) and excessive/unfair pay day loan interest.
Its very clear on the letter that this is ‘regardless to the August 29th deadline’.

Is there a clause whereby new PPI claims can be initiated by these sorts of companys in these circumstances (IVA’s) but general public cant??

Foggy

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Post by Foggy » Sat Feb 08, 2020 9:42 am
Sat Feb 08, 2020 8:11 amabbiesmum2003 wrote:
My friend is in an IVA. Her last (60th) payment is at the end of this month. Shes in rented/council accomodation so things should end for her soon.
She got a letter yesterday from ‘financial claims service’ stating they will be looking for PPI, PBA (packaged bank account) and excessive/unfair pay day loan interest.
Its very clear on the letter that this is ‘regardless to the August 29th deadline’.

Is there a clause whereby new PPI claims can be initiated by these sorts of companys in these circumstances (IVA’s) but general public cant??
I do not believe so, unless they are asking for authority to pursue existing claims that are still in the pipeline and may be challenged if refused. Maybe old, but refused, claims can be re-lodged under the guise of 'existing claim'. As far as I know, the August deadline applies only to PPI claims --- all of the other, similar, claims are still fair game. They will, no doubt be inventing new ones as they go along !
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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