Hi Guys, I was wondering if someone could help me with this....I completed my IVA about a year and half ago (by full & final settlement) and I think it will drop off my credit file in a year or so too. In January this year I persued 2 claims for mis-sold PPI insurance and so far on one I have been successful (although I have not received the money yet following an offer letter from the lender).
The loan I had the PPI on was before I took out the IVA. Basically I guess what I'm asking is can the lender still take the money even though my IVA was completed/settled 18 months ago?
If you have completed your IVA and the company are willing to pay the money across to you then fine.
I don't think they can keep it now but hopefully one of experts can advise.
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
You will now have been discharged from the debt, so in principle there should be no reason why the money cannot be repaid to you - but the creditor concerned may have rights to clawback any PPI refund so I guess it is just a case of wait and see. If you are working with a claims company do be careful that you end up with nothing but a big bill for their unpaid costs.
[8D]
