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Posted: Sat Jun 12, 2010 10:31 am
by nanasue
Hubby and I entered into an IVA in April this year. Feeling pretty low about the whole situation, as money is tight and we have to watch our budget on a daily basis. My question is..as most of the debt we owe is to certain banks, can either of us make a claim against a bank for unwanted PPI on loans, please?
Posted: Sat Jun 12, 2010 12:09 pm
by kallis3
Hi, and welcome to the forum.
Sorry to hear that you are struggling.
If you do make a claim about PPI, it will either go towards the debt with that creditor, or be paid into your IVA. It won't make any difference to your payments. Your creditors will just receive a higher dividend.
You need to speak to your IP if things are really bad.
Posted: Sat Jun 12, 2010 12:22 pm
by nanasue
Kallis3
Thank you for your warm welcome and advice in post. I feared that might be the case but couldnt help wondering anyway. Thanks again
Posted: Sat Jun 12, 2010 12:43 pm
by kallis3
If you are really struggling, perhaps your I&E needs looking at again. Have a word with your IP.