Ppi email- beyond worried

[Lister]

Hi guys.
I wondered if you could offer any advice on the following:
Completed my Iva in 2014. Paid extra overtime bonuses into the arrangement. Original Iva didn’t mention ppi but GT amended this when they took over from BE.
Signed to say they could act on my behalf re PPI.
Nothing came back really, just a few pounds that they kept.
Swiftly moving onto to 2017. I stumbled across some old paperwork from a loan I had when I was a mere 18 years old. Totally forgot I had had it (being 22 years ago). Wrote to them myself re PPI and was shocked to receive 7k cheque including interest.
Never thought anything of this due to finishing my Iva back in 2014. I appreciate people may doubt my dumbness with regards to this but I didn’t know that I had pay this to my Iva supervisors once the Iva was completed. I feel so stupid and extremely worried. This has all come to light today after an email from a solicitors acting on behalf of aperture. As soon as I spoke to the solicitors I informed them of my error and attempted to call aperture to inform them. I simply could not get through. I’ve tried many times and took a screen shot of my attempts.leaving me highly anxious .
I have agreed to fill in the forms for the solicitor to continue to be fully compliant. But I’m left worrying about what the supervisors can do regarding my error. Can a completed Iva be reopened or fail after it’s been completed??? I generally did not recall the loan I had in my teens at the time of the ppi conversations back in 2014 when I informed them of all the other accounts and only stumbled across-the paperwork late 2017. Happy to pay back the money but worried they could take action even though I didn’t realise all the above. Any help would be great guys ((

[luluj]

Ahh stop worrying - the worst they can do is ask you to pay back the £7k ... it may not come to that let your solicitor handle things for you and try not to lose sleep over it.

[kallis3]

I agree.

[Lister]

Thank you for your replies

Is it possible to re open an Iva after it has been satisfied? I only received the money late 2017 when Iva finished in 2014. So did not knowingly hold onto money during the Iva. Also, the ppi questionnaire sent out states that by signing permission for them to look for ppi etc I also sign to say they can check my Experian credit report etc for as long as they see fit. Not too happy to do that as they will be able to see my future credit performance not just my past. There’s no need for that and don’t see this as a fair request. No issue with them looking for more just not happy with giving them a free reign over my future

[Foggy]

An IVA could, in theory, be re-opened, but this would take a costly court case, so unlikely to happen unless the circumstances are dire.

With regard to looking into your affairs for ever, I amended my letter of agreement to limit them to matters prior to the completion of my IVA. I must admit that I haven't yet returned it ( if I will be) so do not, as yet, know their reaction to this.

[Lister]

Thank you foggy. Just panicking re the 7k not paid to them and convinced they would re open my Iva.

[Mark Bruton]

i've done the same foggy, i think there were 4 terms and conditions i didn't agree with so altered them or crossed them out completely. i've had phone calls and emails about sending it back from dfd which i probably will do at some point but i'm waiting for aperture to get involved and start to threaten my finished iva first.