PPI can I keep anything?

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John buck

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Post by John buck » Wed Dec 17, 2014 4:23 pm
Hi newbie here!

I've just had my F&F accepted last this week. I'm still going through a PPI review and some has been found. My chairmans report states that any monies from these investigations will be deemed an asset. Will I get to keep £500 which I've heard on these forums or the statutory interest?

Thanks in advance
 
 

Pandy

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Post by Pandy » Wed Dec 17, 2014 5:02 pm
It depends which company you are with for your IVA, some allow these, GT will give you the 8% interest (after there fees and PPI company fees etc) but they do not pay it until all PPI claims are completed. I believe Cleardebt allow the first £500 but not sure, everyone else has the whole lot
If life is what you make it, I must have been in a strange mood when I made mine
 
 

Foggy

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Post by Foggy » Wed Dec 17, 2014 5:14 pm
As said above most firms take the lot, unless you have signed an agreement stating otherwise.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Adam Davies

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Post by Adam Davies » Wed Dec 17, 2014 5:15 pm
Hi

Good info from Peejayel but do check with your IP, only they can give you a definitive answer

Good luck

Regards
Andam Davies
 
 

cjgirl

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Post by cjgirl » Wed Dec 17, 2014 10:51 pm
Good advice to check with your IP. I was lucky this week to be getting £1500 back from ppi so you may end up with more

Good luck
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