Was it necessary for PayPlan to take out an insurance at the start of my IVA

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MRSW

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Post by MRSW » Mon Jul 27, 2015 12:49 pm
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Hi
Paypaln took an insurance out in effect a PPI at the start of my IVA. Was this necessary?
I didn't have much of a choice. Do I have the same rights as claiming it as misold?
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Michael Peoples

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Post by Michael Peoples » Mon Jul 27, 2015 1:03 pm
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The cost of this would likely have been borne by the IVA 'pot' thereby costing you nothing personally unless you repaid creditors in full. Whether there is a potential claim would be a question for a lawyer but it is a possibility.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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kallis3

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Post by kallis3 » Mon Jul 27, 2015 1:40 pm
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They did for me - didn't cost us anything and if I had died during the IVA it would have been paid off.
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
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