Mine was all done by a company working for my IP, the results went straight into the pot. I saw nothing of them except on my annual statement as the payments were out of my hands. Strangely though I got two cheques through as a good will gesture when I finished my IVA though..didn't expect that.
It is regarded as an asset or comes under the windfall clause.
Whilst in an IVA there is no option but to give it to the IVA company.
There is a legal case about what happens post IVA but that is more to do with what a completion certificate means in practice.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
. what u ment to say foggy is once the ppi company and the iva firm take a whacking great chunk out of ppi payment the creidtors get the scraps. [:D][:D][:D][:D][:D][:D]
Interesting to see what happens when claim company fees are capped.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by dawn20
. what u ment to say foggy is once the ppi company and the iva firm take a whacking great chunk out of ppi payment the creidtors get the scraps. [:D][:D][:D][:D][:D][:D]
Very true Dawn [:D]
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lifenoteasy
Interesting to see what happens when claim company fees are capped.
If the banks hadn't spent the last few years trying to avoid refunding premiums, causing the need for multiple repeat claims, PPI would have run it's course by now. Fee capping would now be coming much too late to have a serious impact as many of these firms will be diversifying or winding up.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Now if only something similar could happen to credit reference agencies and risk analysts.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
