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Posted: Thu May 13, 2010 1:28 pm
by Rebecca.74
can i claim back missold ppi protection while in an iva ?
Posted: Thu May 13, 2010 1:45 pm
by Michael Peoples
If you do the bank will normally reduce their claim by the amount of the PPI or the money will go into the IVA pot as a windfall. You can certainly go for the reclaim but do not instruct a claims company as you could end up with a bill to them.
Posted: Thu May 13, 2010 2:13 pm
by Shining
Hi Rebecca and welcome to the forum, good advice from Michael in respect of your question. x
Posted: Thu May 13, 2010 6:43 pm
by hoobily
I have been wondering about this. My IVA is due to end in Dec 2010 so would I be able to claim back the ppi on a loan that was included in my IVA once my IVA has finished if that makes sense?
Thanks in advance
x
Posted: Thu May 13, 2010 8:45 pm
by herbekj
This is actually a subject I considered and dismissed.
I owed 50K, paying back 25K over 5 years in the IVA with all interest written off.
After completing my IVA do I really want to argue with those same creditors about a refund when they wrote off 50% of the debt.
Technically you could argue that the money on mis-sold PPI should be refunded but morally I think it best to leave it in the past when you are in possesion of a certificate of completion and can move forward in your life debt free.
Posted: Thu May 13, 2010 10:04 pm
by Cath
I agree with herb.....what is the point really.