Is there any way of keeping my PPI claim money ?

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john c

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Post by john c » Thu Sep 15, 2011 4:25 pm
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Is there any way of keeping my PPI claim money ?
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ginger3232

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Post by ginger3232 » Thu Sep 15, 2011 4:29 pm
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Hi john welcome the the forum - If you are in an IVA - chances are it will all go into the iVA. Sometimes the creditors use it to pay off a portion of the debt you owe them,or even by pass you and send it to the IP direct.
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James Falla

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Post by James Falla » Thu Sep 15, 2011 4:56 pm
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Hi John

As Ginger has said, if you are already in an IVA and make a PPI claim you will not be able to keep any PPI money you are awarded. It will be paid into your IVA. Not necessarily a bad thing as ultimately your creditors are getting more of their money back which is the ultimate goal of an IVA.
James Falla
IVA & Personal Debt Solutions Expert
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