IVA company have said as the PPI policy existed at the time the IVA commenced in Aug 2005 it is classed as an asset - surely the loan which was paid off in 2004, the PPI policy can't be classed as existing as it ceases once the loan is paid off.

Any ideas?

I have checked the Insolvency Register and I am not listed.

I have also now found out the bank have also sent the IVA company a PPI refund for a loan I paid off in full in June 2004, can they keep this also?

Hi, Hoping someone can help me. I entered into an IVA in 2005, however it failed and was terminated in May 2009 as I was unemployed and couldn't make the repayments, since then I have been paying my creditors directly. In July I was advised by a friend I may have been mis-sold the ppi on a loan I'd ...

I have been in contact with ClearDebt today, the letter which I received was a mistake. She is going to hold a variation meeting with my creditors to request a further break during which time I hopefully find higher paid employment. At this time she is not requesting a token payment from me due to t...

I too thought at 1st it was just a standard computer generated letter however it mentions my communication in April regarding the change of income. I have emailed the representative who emailed me to ask for clarification on what my next step is.

Having checked my email, another representative from ClearDebt has emailed me to ask for an update of my situation and advising if I have not been able to find new employment, we can report this to the creditors and ask for more time - a process called a Variation. Within the course of a day I've ha...

The person I spoke to was not my IP as he was on holiday, it was the person covering his workload.

I have no assets, I'm living with parents still because I can't afford to move out.

Is it worth offering them £50 or would it be rejected?

Hi, This is my 1st post. I started my IVA in August 2005, I have paid my monthly repayment of £477 every month without any problems. In April this year, due to work not comimg in my hours at work were dropped therefore my wages were dropped from £1400 per month to £800 (take home pay) from May, I co...