100p being paid to IVA creditor's but not not a penny refund to debtor. Is this normal ?

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Neil.40

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Post by Neil.40 » Sat Jun 25, 2016 11:38 am
100p being paid to iva creditor's but not not a penny refund to debtor ( 1400 paid into iva direct from bank after ff agreed ) question is is this normal practice of iva company's as it seems strange to me that it adds up so perfectly in their favour ? With dfd
 
 

kallis3

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Post by kallis3 » Sat Jun 25, 2016 12:16 pm
Hi and welcome,

If you have paid back 100p in the pound on your total debt (not just the IVA) plus fees and statutory interest then you won't receive anything back.

Is there any reason why you thought this would happen?
Sharing from experiences of dealing with debt
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Lisa Thomas

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Post by Lisa Thomas » Mon Jun 27, 2016 9:13 am
Have they also been paid statutory interest and have all the costs been paid in full?

How was the F&F calculated? The answer probably lies in there somewhere.
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
 
 

Laura.Harrop

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Post by Laura.Harrop » Mon Jun 27, 2016 5:00 pm
Dear Neil.40

Please contact me via the email address in my profile so I can take a look into your case and address your concerns.

Speak soon.

Thanks,

Laura Harrop
DFD Forum Expert
Debt Free Direct
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