Payment Protection Insurance

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Chappie

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Post by Chappie » Mon Nov 03, 2008 7:14 pm
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Hi Does anyone know the answer to this one:-

My partner and i have a secured load on our property, at the time of taking out the loan we agreed to take ppi insurance, (wish we hadn't now what with all the publicity about ppi) It is due to pay out years 3 4 and 5. the first being due to pay in February. Can my partner keep his half he is not in an IVA. Can I just pay my half into the IVA or do we need to pay the full amounts into it.
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Adam Davies

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Post by Adam Davies » Mon Nov 03, 2008 8:33 pm
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Hi
Good question and I would say just your half needs to go into your IVA
Regards
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Mon Nov 03, 2008 8:59 pm
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That is absolutely correct Andy.
Regards, Melanie Giles, Insolvency Practitioner
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