PPI award sent to DFD after having received certificate of closure. Where do I stand ?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
Post Reply
 
 

Martindr77

User avatar
Posts: 2
Joined: Thu Jul 23, 2015 6:39 am
Post by Martindr77 » Thu Jul 23, 2015 6:39 am
Quote
I have completed my iva with dfd in june 13 with a certificate of closure, i have now recived a ppi award but has beenn sent to dfd, with my my certificate in place where do i stand, if i am debt free then i should have no ties wirh the letter of completion ? I havent defaulted on any of my repayments ,many thanks!
Top
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom
Post by lifenoteasy » Thu Jul 23, 2015 7:42 am
Quote
Unfortunately generally any ppi claim is an asset of the iva pre or post completion.

Irrespective the award was sent to dfd so whoever has awarded it has decided that is the safest thing to do.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Jul 23, 2015 10:47 am
Quote
The PPI relates to a debt that was in the IVA or a prior debt and, as such, is ( or should have been) an asset of the IVA, as things currently stand.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Thu Jul 23, 2015 12:28 pm
Quote
I have to agree - it will be classed as an asset.

My IVA completion letter does not state this, but my husbands has a caveat in there that if any PPI is claimed then it will go to the company.
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
Top
 
 

Evette Everest

User avatar
Posts: 123
Joined: Fri Apr 26, 2013 9:47 am
Location: United Kingdom
Post by Evette Everest » Thu Jul 23, 2015 1:59 pm
Quote
Hi Martindr77,
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Regards,
Evette Everest
Debt Free Direct
Forum Customer Support
Top
 
 

Martindr77

User avatar
Posts: 2
Joined: Thu Jul 23, 2015 6:39 am
Post by Martindr77 » Thu Jul 23, 2015 7:38 pm
Quote
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Evette Everest

Hi Martindr77,
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Regards,
Evette Everest
Top
Post Reply
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”