I have received a letter from a loan company (which i included when going into the IVA) and it states that they had overcharged me and they have enclosed a cheque made payable to me for over £400.Why would they do this when i still owe them money?What should i do now.
I agree - speak to your IP about this as I've never heard of it happening before!
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
Let's hope that you have the £500 level on windfalls and are able to keep the money. What a silly creditor, and personally I would check your proposal before notifying your IP to see if you are entitled to retain the money. If so, a quick call to the creditor concerned to check if they have made a mistake would be the right thing to do.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
Let's hope that you have the £500 level on windfalls and are able to keep the money. What a silly creditor, and personally I would check your proposal before notifying your IP to see if you are entitled to retain the money. If so, a quick call to the creditor concerned to check if they have made a mistake would be the right thing to do.
Thank you Melanie.I spoke to Payplan abount PPI refunds on some credit cards,he said i would have to give it back,so i expect that it will be the same for this.I did wonder if it was a trick by the creditor ,so that on my next review ,the i would be rejected by this creditor.They say they were not entitled to charge me interest on my account for non-compliance.I know that i will be needing a new washing machine soon,so it would be a big help to me.Ah well.
