I completed my iva two years ago and yesterday I received a letter from dfd and a cheque for just over £2300. The letter says one of the creditors has returned the final dividend cheque they sent to them, it doesn't say which one it was and there's a note saying I must cash the cheque in 90 days or they will cancel it and send to a charity. The note says that now the creditor must reclaim the funds from me if they want. I'm at a loss because I'm worrying that I will be chased for this. How long should I hold onto the money for?
I thought the iva was over but now this is happening.
I think that I would have paid well in excess of 90 percent of my total debt with the ppi after the claims company had taken the cut.
Has this happened to anyone? Or does anyone know what the rules are
Find it strange that they say you need to cash it or they will send it to a charity!!
I am hoping that Laura from DFD will pick up on this tomorrow and give an answer.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I've emailed dfd and trying to get more information. I'm also going to try emailing dfd forum support as well to see if I can get some clarity on the position. I'll post an update when I get one.
Hi lisa. I'm banking the cheque today. I just want to know the potential or any timescale the creditors could come back to me and who it is. I could do alot with the money but it's also a lot to have to find if it is queried.
I save for everything now before I buy and am planning for a wedding so it could be really positive.
I've not had any financial information since 2013 and that only related to the previous year so suppose I feel I should ask. And actually it would be nice to see how much I did pay back with ppi. It should have gone into the 90+ percent.
