Payplan changing terms re IVA closure and PPI claims

headstuckinsand

I got a letter through from Payplan saying they were holding a variation meeting with the creditors to amend the IVA terms. As I understand it this is so that they don't hold up the closure certificate whilst they pursue any PPI claims or VAT from HMRC. I'm sure this will be a good thing.

My only concern is the way they've worded the changes that appears that they can withhold closure of the IVA if the debtor does not attempt to let them reclaim the PPI.

"Where the debtor has completed their obligations under the IVA approved by the creditors the debtor will be issued with a completion certificate, subject to them completing any requests for information and documentation relating to possible PPI or similar claims."

My argument to this is that as about 75% of my debt is with Lloyds and as such, if there is any PPI it will most likely come from Lloyds and (guess what!) it will mostly be paid back to Lloyds. Isn't that technically classed as money laundering.

I'm not interested in claiming for PPI for my benefit and had no intention of making a claim at the end of the IVA so to me it appears to be a complete waste of everyone's time. All I want to do is make my monthly payments, get to the end of the IVA and move on with my life. All that's happened is the IP's have realised they were getting cut out of the PPI farce and are changing the rules so they get their piece of the pie.

Anyway, not really a question, more of a rant... guess I'll have no choice. But for everyone else you can bet that if Payplan are doing this all the other IP's will be looking to do the same.

ALIBOBSY

The thing is they will make all the running to pursue any possible claims and if the refunds end up higher than what you owed (its suprising how the interest can mountup) you might get something back in the end.

Although everything is so long winded I would just forget about it lol.

Ali x

DevCoder

Just to add, no that's not money laundering