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Posted: Thu Feb 18, 2010 12:27 pm
by rudolph.ae
I already hyave an IVA can i still claim back Payment Protection on loans
Posted: Thu Feb 18, 2010 12:30 pm
by Julie
Hi Rudolph,
Welcome to the forum.
There would be nothing stopping you from claiming, however depending on the amount this may have to be paid into your IVA.
I deleted your other post as it was a duplicate of this one [;)]
Posted: Thu Feb 18, 2010 12:32 pm
by rayb
Hi,
As Julie says whatever you claim back will just be used to offset what you owe the Creditor
Posted: Thu Feb 18, 2010 7:29 pm
by Julie
It would depend on the amount and the terms of your IVA.
Posted: Thu Feb 18, 2010 7:37 pm
by MelanieGiles
Yes - and I know of a very good firm of solicitors I would be happy to recommend if you needed assistance with this. Any returns from creditors would need to be paid into the IVA for the benefit of creditors however.
Posted: Thu Feb 18, 2010 7:40 pm
by Julie
Melanie, if the amount was less than £500 would rudolph keep the funds?
I'm thinking on the lines of the common windfall clause seen in IVA's.
Posted: Thu Feb 18, 2010 7:44 pm
by MelanieGiles
If this was written into the IVA agreement, then yes this would be possible.
Posted: Thu Feb 18, 2010 7:46 pm
by Julie
Thanks Mel xx