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Posted: Wed Nov 05, 2008 4:44 pm
by caraf
Hi
In this current climate has anyone taken our the PPi for their IVA payment, and is this allowed on your I&E ??
Do Ip's recommend ?
Posted: Wed Nov 05, 2008 4:54 pm
by MelanieGiles
IPs would definately support some form of cover being in place to cover redundancy or illness, but unfortunately creditors do not always share the same view. I know of some firms that will actually fund the premiums themselves if creditors do not agree to the charges, but it does no harm to have a nose about the industry to see what the cost would be and whether you could cover it from your miscellaneous expenditure.
I suggest that you give John Tegg at Coveritall a call - you'll find his details on the experts page of the forum.
Posted: Thu Nov 06, 2008 7:51 pm
by David Mond
If you also give Mike Elliot of Willis Limited a call he can give you details of which IVA and Debt Management Plan providers have that type of insurance.
his number is +44 207 975 2365
Posted: Thu Nov 06, 2008 7:56 pm
by creditcrunched
i have added it to mine becuse it benefits both partys it was at review time and i had a rise they were going to up my payments but decided the insurance was a good idea so my payments stayed the same