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PPI but DMP
cc4rhu
Posts: 111 Forumite
Hello,
I've asked this question of one of the famous DMP companies who were little use.
EMTAS contacted me regarding PPI and after a bit of work a bank has agreed that I had PPI on loans issued in 2000, 2003 and 2004. They can't proceed with this due to me being on a DMP and then having to pay them 20% finders fee.
Now this is quite a while ago but I think that 2003 and 2004 were probably a refinance of the earlier loans. In 2006 I defaulted on the loan and entered a DMP. The bank offloaded to a DCA who have been fantastic. Frozen interest etc. I have 3 years left to pay this debt.
Now if I chase the PPI I'm worried that they could start interest again. I'm aware that any monies would go to reduce my overall DMP amount.
Thanks for any advice.
I've asked this question of one of the famous DMP companies who were little use.
EMTAS contacted me regarding PPI and after a bit of work a bank has agreed that I had PPI on loans issued in 2000, 2003 and 2004. They can't proceed with this due to me being on a DMP and then having to pay them 20% finders fee.
Now this is quite a while ago but I think that 2003 and 2004 were probably a refinance of the earlier loans. In 2006 I defaulted on the loan and entered a DMP. The bank offloaded to a DCA who have been fantastic. Frozen interest etc. I have 3 years left to pay this debt.
Now if I chase the PPI I'm worried that they could start interest again. I'm aware that any monies would go to reduce my overall DMP amount.
Thanks for any advice.
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