Another question from me- sorry!

[r_l]

I think i must be on one today - thank god i found this forum, it has given me the oppurtunity to ask the questions that ive always wanted to know the answer to.

With regard to bank charges? i have read the info - and is this avilable to any one? I am currently with the hallifax and have been charged what feels like hundred times.. i have this bank account for 7years. i do not owe hallifax any money - is it possible, that despite been in a IVA that i can claim back the charges??

Any advice welcolme? X

[Oliver]

This is fairly new territory but I would guess that making a claim to have your bank charges refunded whilst in an IVA would result in either the banks simply deducting the monies from the amount you owe (as this is rarely ever paid off in full during an IVA) or any money that you do receive having to be ploughed back into your IVA.





Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[MelanieGiles]

I agree with Ollie! And can I encourage all of our posters and silent observers out there who are in the process of claiming charges to update us with their progress. This is for our own benefit so we can advise appropriately in the future.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[jamesfalla]

Oliver is right.

I assume that Halifax is one of the creditors in your IVA. If you are successful in claiming back bank charges, then they will simply deduct your sucessful claim from your debt. If you do happen to receive the cash, you would have to treat this was a windfall which would also go back to your creditors.

Either way, my feeling is that if you are already in an IVA, you have already agreed with Halifax that they will write money off for you and the account is closed so there seems little point in persuing the matter any further



James Falla

Expert in IVA, Bankruptcy and informal Debt Management solutions for over 10 years.

For more information visit www.jamesfalla.com and visit my blog at: http://jamesfalla.blogs.iva.co.uk

[r_l]

Thank you for all of ure reply's.

I soley owe egg, barclays money. I owe hallifax nothing. I did have a credit card at one point with hallifax however i did manage to clear my debt with them before i entered an IVA.

i fully realise that by claiming my money back- would ultimately be treated as a windfall and wouldnt dream of attempting to claim money back from a bank that i actually owed to.


I wouldnt want to stir 'any pots' by doing this but am intrested in how far i would get.

[Adam Davies]

Hi
As they are not one of your creditors then any money gained will go into your IVA pot.It would be well worth pursuing.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp