Hi I am currently in an IVA and have a secured loan which is being paid in full each month, before I got this loan I had another with the same company this one had PPI on it but my current does not, I wondered if I claim for the PPI would I be able to keep any of it as a windfall?
BOL is right - I'm afraid any PPI claim will either come off the original debt or have to be paid across to your IVA.
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
BOL is right - I'm afraid any PPI claim will either come off the original debt or have to be paid across to your IVA.
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
thanks for all the advice, I am a little worried with some of the questions and replies about PPIs claims on the forum, Am I correct in saying that all of any ppi claim would go towards my IVA? they would still let the ppi claim company that I am dealing with get their fee of 20%, I don,t want to have to pay the fee out of my disposable income
I'm not sure what happens with the fee but if you speak to your IP I'm sure they would allow for this.
Anything else will either come off the original loan or be paid into your IVA. Either way, all of your creditors get a much better dividend.
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
