IVA due to Complete Next Month - PPI

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Cath

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Post by Cath » Sat Oct 22, 2016 1:48 pm
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Our IVA is due to complete next month and creditfix have sent my husband a letter requesting that he complete a form for Allay to do a PPI claim.

Whilst we are happy for this to proceed, can it delay the completion of our IVA?

It feels like they are doing everything not to complete it at the moment (see other post about reduction in payments)

Thanks
7 year IVA completed in December 2016 - there is light at the end of that tunnel
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Foggy

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Post by Foggy » Sat Oct 22, 2016 2:28 pm
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The PPI investigation shouldn't hamper closure as long as you assign the PPI to your IP. Some IP's are happy to complete without the assignment on the basis that the PPI investigation is underway and the firm understanding that any PPI sent to you in error will be handed over to the IVA estate.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Cath

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Post by Cath » Sun Oct 23, 2016 11:26 pm
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Makes sense, thanks.
7 year IVA completed in December 2016 - there is light at the end of that tunnel
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luluj

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Post by luluj » Mon Oct 24, 2016 6:42 am
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Well done for reaching the end of your iva journey - its no doubt been a long seven years so start thinking about how you will celebrate the end ... well done x
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Lisa Thomas

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Post by Lisa Thomas » Mon Oct 24, 2016 9:46 am
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If anything it should speed up the process as if you do not sign the form they cannot close the IVA until they have established the PPI position.
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
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