Are bank fees classed as PPI ?

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Wayne.17

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Post by Wayne.17 » Sat Sep 19, 2015 2:44 pm
Paid a monthly fee for about the last 12 years to my bank so I can receive benefits like Travel and gadget insurance, overdraft of £250 etc but now claimed some monies back as I have never been able to have the overdraft since my 3 years in an iva... I have claimed back from them about £1500, is this classed as ppi, as Barclays have written the cheque out to Barclays????
 
 

kallis3

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Post by kallis3 » Sat Sep 19, 2015 2:50 pm
Hi and welcome,

Anything like this will be classed as similar to PPI so I imagine that this will have to be paid into your IVA.

One of our more knowledgeable posters may be able to help more.
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.
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http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Sep 21, 2015 1:21 pm
Hi Wayne. I suspect this is classed as financial compensation so would no doubt be treated as an asset of your IVA. Does anyone else think otherwise?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Sep 21, 2015 1:21 pm
..in the same way as a PPI refund
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Mon Sep 21, 2015 1:31 pm
I agree Lisa - I think it will be classed the same as PPI.
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
 
 

size5

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Post by size5 » Mon Sep 21, 2015 1:44 pm
Definitely.

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