I need to know where my money from my PPI refund is going

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Jenniferdg90

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Post by Jenniferdg90 » Sun Sep 28, 2014 4:04 am
I need to know where my money from my PPI refund is going?
 
 

Foggy

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Post by Foggy » Sun Sep 28, 2014 9:47 am
Hi. If you are in an IVA and it has been claimed through your IP, then it will go into the IVA pot to be shared amongst your creditors ( less the fees due to IP and claims company).

Might I ask why the need to know specifically ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

DCX1983

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Post by DCX1983 » Sun Sep 28, 2014 7:19 pm
I had a PPI refund and I was allowed to keep 100% of it. As the refund was from a company who I didn't owe money to, my IP said that I could keep it all.
 
 

Foggy

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Post by Foggy » Sun Sep 28, 2014 8:12 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by DCX1983

I had a PPI refund and I was allowed to keep 100% of it. As the refund was from a company who I didn't owe money to, my IP said that I could keep it all.
It appears that some IP's take this view. But many don't!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Foggy

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Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Sep 28, 2014 8:12 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by DCX1983

I had a PPI refund and I was allowed to keep 100% of it. As the refund was from a company who I didn't owe money to, my IP said that I could keep it all.
It appears that some IP's take this view. But many don't!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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