PPI - should I contact Payplan?

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casper90

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Post by casper90 » Sat Aug 31, 2019 5:26 pm
Hi, i took out an iva with payplan in 2006, completed in jan 2011 with a full and final settlement, sent in ppi claims through the free which ppi tool in august as deadline approached but was sure I'd never had ppi, however ive had letters back identifying 12 credit card/ loan accounts from the early 1990s, how does this go if i was to receive a payout on these? I understand from the 2017 court case that these payouts go to your i.p, but i have checked my original iva paperwork and no mention at all of ppi on there nor was i asked to pursue a claim while i was in the iva, i dont think claims started till after i completed my iva.
Thanks

iain303

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Post by iain303 » Sat Aug 31, 2019 5:37 pm
Hi, ive taken out with payplan in 2006, completed in jan 2011 with a full and final settlement, i have recently gone through the free which ppi tool with all the main banks, was sure I'd never had ppi but thought i had nothing to lose, so far ive received confirmation of 12 loans/ credit cards from the early 1990s! Ive checked all my payplan documentation and completion certificate but no mention of any future ppi payments, i dont think ppi claims had started then, what is my position if there are any ppi payouts in the future? I understand from the court case in 2017 that these go to your i.p, but lots of mixed messages on this subject, should i contact payplan for advice on this?
Thanks

Foggy

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Post by Foggy » Sat Aug 31, 2019 5:50 pm
The rulings mean that PPI belongs to your creditors even after completion. Some IPs, however, lose interest and will allow you to keep it ... indeed, at least one firm isn't even pursuing it during an IVA ! So, yes, very mixed messages.

Some of the creditors may well ask you for a letter of no interest from your IP before paying out to you and some may pay directly to the IP anyway.

So, bottom line, safer to check with Payplan as to their current policy and getting the response in writing if they are happy for you to have the refunds.
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

Foggy

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Post by Foggy » Sat Aug 31, 2019 5:51 pm
Topics merged.
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

casper90

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Post by casper90 » Sat Aug 31, 2019 6:41 pm
Thanks, yes think best to contact PayPal on monday see what they say

casper90

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Post by casper90 » Sat Aug 31, 2019 6:42 pm
Thanks, ill contact payplan on Monday see what they say

Radish

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Post by Radish » Sun Sep 01, 2019 11:36 am
How is the new ruling going to effect PPI? (as per Arnie tank on the TV commercials) Sorry if this has already been covered, I am happy to scan back through the posts.
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Foggy

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Post by Foggy » Sun Sep 01, 2019 11:50 am
Sun Sep 01, 2019 11:36 amRadish wrote:
How is the new ruling going to effect PPI? (as per Arnie tank on the TV commercials) Sorry if this has already been covered, I am happy to scan back through the posts.
Tell us more, Radish -- I have not seen the latest "Arnie" ads.
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 Sep 01, 2019 12:17 pm
Hi Foggy

It was all the "you have until midnight on 31st to make your claim" on the telly. I saw Martin Lewis and he said anyone who hadn't made a claim could do so by just 'asking' and that was counted as starting before the deadline. Any queries made in any capacity before the cut off counts and claims can still be made. That's all I have found out so far.
IVA complete March 2014 after 6 years.

kallis3

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Post by kallis3 » Sun Sep 01, 2019 12:24 pm
I've not seen anything at all - all the adverts have stopped.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Radish

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Post by Radish » Sun Sep 01, 2019 12:28 pm
PPI and Brexit was the only 2 words I ever heard when I switch the telly on :lol:
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kallis3

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Post by kallis3 » Sun Sep 01, 2019 12:29 pm
Brexit yes but PPI not now!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

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Post by Foggy » Sun Sep 01, 2019 12:35 pm
Ah right -- yes -- what they mean is that any claim started, in any way, shape or form, before midnight on the 29th will continue, even if they didn't have the full facts before the deadline, you have started the process.

I see the new one coming up is badly advised investments, ISAs and savings plans -- probably not as all encompassing, or as easy to evidence as PPI was.
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

kallis3

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Post by kallis3 » Sun Sep 01, 2019 2:18 pm
I agree - mortgage misselling is the new one and all the accident helplines and hospital mishaps!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

casper90

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Post by casper90 » Mon Sep 02, 2019 10:00 am
Phoned payplan this morning, good news, they said that as my iva was completed in 2011, they are not interested in any ppi claim refunds, and if its sent to them it will be forwarded to me
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