I was told with bonuses they would take a % from you. I thought this was the same with PPI... but inetead they take the whole PPI from you... is this right? Thanks
It also depends upon how much you owe in total. . If it will pay off all of your debts plus possible statutory interest then anything left will be yours
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
A bonus is work related income and falls under the extra income clauses. PPI is considered an asset and is dealt with as such. They are two entirely different beasts.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
We had lots of successful PPI claims (Payplan used Credo claims for this) and on each successful claim, Payplan gave us the statutory 8% interest that was awarded with the refunds. This amounted to a fair amount in total, which was unexpected and a very big blessing as I doubt we'd have even bothered with trying to claim back any PPI as we didn't know we had any - which is precisely the point. It was mis-sold! We agreed to all claims being made on our behalf but always thought any / all funds went in to the IVA pot. For us - another plus point of being with Payplan. Not all companies work the same way.
IVA started Sept 2012, Full & Final accepted Aug 16th 2016 & CC issued 10th Jan 2017
