Tweet
I wrote a cracking long first post but my laptop crashed and I bloody lost it, so here's the short version:
I've received the purple spotty letter and then the pink spotty letter. The original company that GT asked to do my PPI did nothing for 10 months last year so I applied for a PPI refund on one of my accounts and received an offer of around £7,000. I was so excited thinking that I'd get to keep 50% but of course I soon realised that wasn't the case so I gave up on claiming any more as it didn't seem worth my while.
That all changed with the purple spotty letter which was very ambiguous (see attached) and I read that I would get to keep the statutory interest for my help in obtaining PPI refunds for the benefit of my creditors. The letter adds that they'd already provisionally agreed and I was ecstatic. So much so that I then rushed out and claimed all my other PPI refunds which now total £13,000 meaning I'm due £3,000.
After waiting patiently to receive my first money (about £2,000) which they'd received February / March I phoned them and was told that I wouldn't receive a penny until the 'official' creditors mass variation meeting which of course they couldn't give me a date for. To add insult to injury, I then received the pink spotty letter from EIC stating that they would be claiming my PPI and would charge 39% for the privelege. Thankfully I'd already claimed it all although I was very upset that GT seem to be holding off their side of the bargain so that there'll be nothing left for me.
Can I complain and perhaps get the interest back? How do they justify that some people will get their interest back and others won't due to luck of the draw of mass variations, do I have to wait while the backlog of people who have completed get their mass variations done first? The letter said it should take 6 weeks and it's already been over 12 weeks. It's so unfair as I was thinking £3,000 would be a great nest egg for me to build on over the next 2.5-3 years so that when my IVA ends I can perhaps have a deposit towards my own place etc.
I'm desperately upset but cannot find anything on any of the forums about receiving the statutory interest and what's legal etc. Can you please look at the attached letters and let me know your thoughts and what I might be able to do about it.
Ok, so perhaps it's as long as the first post so please bear with me. I'm just so miserable having lost out on £3,000. It's less than 25% of the total PPI refunds which is less than EIC would have charged so my creditors are still quids in.
Many thanks
http://imageshack.us/g/10/gtletterfeb2013.jpg/
http://imageshack.us/a/img10/6938/gtletterfeb2013.jpg
http://imageshack.us/a/img823/7755/gtletter3feb2013.jpg
http://imageshack.us/a/img716/4166/gtletter4feb2013.jpg
http://imageshack.us/a/img841/8149/gtletter5feb2013.jpg
http://imageshack.us/a/img94/8973/gtletter6feb2013.jpg
http://imageshack.us/a/img22/1876/gtmyletterapr2013.jpg
http://imageshack.us/a/img812/1518/g...yletterapr.jpg
I've received the purple spotty letter and then the pink spotty letter. The original company that GT asked to do my PPI did nothing for 10 months last year so I applied for a PPI refund on one of my accounts and received an offer of around £7,000. I was so excited thinking that I'd get to keep 50% but of course I soon realised that wasn't the case so I gave up on claiming any more as it didn't seem worth my while.
That all changed with the purple spotty letter which was very ambiguous (see attached) and I read that I would get to keep the statutory interest for my help in obtaining PPI refunds for the benefit of my creditors. The letter adds that they'd already provisionally agreed and I was ecstatic. So much so that I then rushed out and claimed all my other PPI refunds which now total £13,000 meaning I'm due £3,000.
After waiting patiently to receive my first money (about £2,000) which they'd received February / March I phoned them and was told that I wouldn't receive a penny until the 'official' creditors mass variation meeting which of course they couldn't give me a date for. To add insult to injury, I then received the pink spotty letter from EIC stating that they would be claiming my PPI and would charge 39% for the privelege. Thankfully I'd already claimed it all although I was very upset that GT seem to be holding off their side of the bargain so that there'll be nothing left for me.
Can I complain and perhaps get the interest back? How do they justify that some people will get their interest back and others won't due to luck of the draw of mass variations, do I have to wait while the backlog of people who have completed get their mass variations done first? The letter said it should take 6 weeks and it's already been over 12 weeks. It's so unfair as I was thinking £3,000 would be a great nest egg for me to build on over the next 2.5-3 years so that when my IVA ends I can perhaps have a deposit towards my own place etc.
I'm desperately upset but cannot find anything on any of the forums about receiving the statutory interest and what's legal etc. Can you please look at the attached letters and let me know your thoughts and what I might be able to do about it.
Ok, so perhaps it's as long as the first post so please bear with me. I'm just so miserable having lost out on £3,000. It's less than 25% of the total PPI refunds which is less than EIC would have charged so my creditors are still quids in.
Many thanks
http://imageshack.us/g/10/gtletterfeb2013.jpg/
http://imageshack.us/a/img10/6938/gtletterfeb2013.jpg
http://imageshack.us/a/img823/7755/gtletter3feb2013.jpg
http://imageshack.us/a/img716/4166/gtletter4feb2013.jpg
http://imageshack.us/a/img841/8149/gtletter5feb2013.jpg
http://imageshack.us/a/img94/8973/gtletter6feb2013.jpg
http://imageshack.us/a/img22/1876/gtmyletterapr2013.jpg
http://imageshack.us/a/img812/1518/g...yletterapr.jpg
