my iva completed in march this year..i have kept my completion certificate, all my other letters and debt details have been shredded.. im pretty sure i can reclaim some ppi but the firm im dealing with have told me i need the account numbers.. can anyone tell me how i go about this and is there a template letter i can use and send to the relevant banks etc... i hate speaking on the phone so i prefer to send letters.. hope someone can help me out with links etc... myles.
Ask your former IP for the account numbers - they should still have them on record, but given that your debts have now been written off in the IVA you may struggle to make a valid claim.
I was told by an expert that it's difficult to claim back PPI at the end of the IVA, and can only be attempted if your IVA settled your debt completely (i.e nothing was written off) I'm sure if the PPI was mis-sold on a secured loan, this could still be re-claimed because these loans are outside of the IVA agreement
Its just me but i would feel really guilty claiming back after the debt had been settled, i mean they could be paying me back more in PPI claims than what i actually paid back in the IVA, personal view is that it shouldn't be allowed, but thats just me.
Me view only and not a representation of anyone else view.
Any creditor is likely to just offset that amount against whatever your balance was whether the IVA is complete or not.
It's rather taking the **** to expect a creditor to write of X£ and then give you some money from a PPI claim.
If the PPI exceeds the amount you owed the creditor then maybe you would personally benefit.
Last edited by herbekj on Fri Jun 24, 2011 7:25 pm, edited 1 time in total.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
Imagine the tables turned and creditors coming back to us saying, "I know we agreed to settle the debts in the iva but now I want another bite of the cherry". If your creditors wrote anything off in your iva just leave it and consider yourself lucky.
Ok so what do we think about me then - 2 payments left on iva, I'm 80% sure that my Egg and Lloyds loan insisted on having the PPI or we wouldn't have been accepted for them.
I'm paying back 100% in my IVA - should I go for PPI claim? Don't know how easy it is, or whether I just want to draw a line and move on...
If your PPI was the straw that broke the camels back,and it was a condition of a loan being accepted,i would certainly claim it back.At the end of the day it is based on whether you are legally entitled to compensation.Dont forget a creditor will use the law to repossess homes, and on many occassion dont show any compassion.IVA,S and Bankruptcy is a lawful solution to mitigate debt,dont let that cloud yout statutory rights,at the end of the day you are either entitled to compensation or not,theres no harm in asking.
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
As Mel says though - chances are you won't have a valid claim as the creditors have written off the remainder of the debts.
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
Morally it's got to be down to each individual person but i can tell you from experience that even though you've been in an IVA the left hand doesn't talk to the right in a lot of big companies.
You might actually have some joy (like i had reclaiming credit card charges whilst in an IVA)
