Claiming for Mis sold PPI after your IVA has finished

Do you need help with claiming for PPI after your IVA?

Give us a call on 0800 180 8012 or complete the form to speak to one of our experts

PPI after IVA Claims Process

01

IVA Completed

Your IVA is formally completed after you have received a completion certificate. You can now make mis sold PPI claims. There is a good chance that any compensation due will be paid to you.

02

Start your claims

To start the claims process simply sign and return your mis sold PPI claims pack. You will also need to provide a list of creditors and copies of your IVA documents if you still have them.

03

Accounts checked for PPI

There is nothing more for you to do. We will contact all of your creditors and check how many claims you have.

04

Compensation claims launched

We will manage all of your valid claims. We are able to get the compensation you are due in 90% of cases.

05

Compensation paid

Any compensation due will be paid directly to you. You could be in line to receive £1000s in compensation.

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Why use Our Service

After you have completed an IVA there is no reason why you cannot make mis sold PPI claims yourself. However the banks may refuse to pay you the compensation you are due.

A Bank could hold back the money to offset against their debt. Alternatively they could say the cash is an unrealised asset and has to go to your old IVA company. We offer a service which can overcome these issues.

We specialise in working with people who have completed IVAs and Trust Deeds. We understand how to deal with the banks and your IVA company. We have a 90% success rate in getting PPI compensation in these cases.

So far we have recovered over £1.2 million in PPI compensation for our clients. Our customers had IVAs with Grant Thornton, Freeman Jones, Credit Fix, DFD, PayPlan and Kingsgate to name but a few.

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90%
Success Rate
£1.2m
Compensation paid since 2014
1
Valid claims per client (on average)
£3000
Paid per claim (on average)
Figures Accurate as of Sept 2016

What does the PPI Service include?

Establishing your claims

You do not need to know if you had PPI or not. We will establish that for you. Each of your creditors will be contacted on your behalf and asked to provide information about whether or not you took out PPI.

Managing your claims

All your PPI claims are made on your behalf and any negotiation which is required with your creditors to ensure that they hand over the compensation you are due is carried out. The claims team has a 90% success rate in getting the compensation that our clients are due.

Assessing the Compensation Offered

The claims team will make sure that the amount paid is correct. The service is NO WIN NO FEE. You only be charged if you receive your refund. No fee is payable if a bank refuses to give you the compensation due for any reason.

What information do you need to provide?

In order to proceed with your PPI claims you will need to be able to provide the following information:

  • Your IVA completion certificate
  • A list of the creditors who were included in your IVA and their original account numbers.
  • Your IVA proposal and terms and conditions
  • Any variations or modifications made to your IVA

Note: If you do not have some or all of these documents, they can be requested from your Insolvency Practitioner. Either you can contact them or we can do this for you.

How long will the service take?

There is no guarantee that your claims will be completed within any particular time frame. This depends on the willingness of organisations who sold you the PPI to co-operate. However as a guide most claims are finalised within a period of 4-6 months from the point you sign and return your agreement and associated Authority letters.

The Cost

Our PPI after IVA claims service is truly no win no fee.

  • No upfront charge
  • No charge if a bank refuses to give you the compensation you are due for any reason.

You only pay a fee when you receive your compensation into your bank account. At that point the charge is 30% plus VAT of the compensation you have received.

Example: If you receive PPI compensation of £1000 you keep £640
Your fee payable to us is £360
30% of £1000 = £300 + VAT @ 20% (£60) = £360

Tax payable on compensation

Part of the compensation you receive normally includes statutory interest at 8%. This is taxable. The majority of lenders pay the 20% tax due direct to HMRC before paying out the refund. If you are a higher rate tax payer you may owe additional tax.

Subject Access Request (SAR)

Your PPI claims will be faster if you can provide account numbers. If not your claims can still go ahead. However Subject Access Requests (SARs) may be used to establish whether or not you had PPI. There may be a charge of £10 payable to the bank when the SAR is issued. You will be required to pay this.

Do you need help with claiming for PPI after your IVA?

Give us a call on 0800 180 8012 or complete the form to speak to one of our experts

About Us

Maple Leaf Financial has been helping people who have been mis-sold financial products since 2008. We have developed an innovative claim service to give YOU an exceptional opportunity to get back what should rightfully be yours.

Our claim service is designed to help you make an informed choice as to whether you should pursue a claim and to ensure that you have the best possible chance of winning a financial settlement.

We have the legal knowledge and skills to process your claim and an impressive track record of returning 90%* of all Completed IVA PPI payments to our clients.

There is no catch. If you don’t receive a refund, we don’t charge you.

Maple Leaf Financial Ltd is regulated by the Claims management Regulator in respect of regulated claims management activities. Our authorisation number is CRM18097.

*Accurate as of Sept 2016

 

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