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Posted: Thu Dec 22, 2011 10:09 pm
by barra
I have received a letter from a loan company (which i included when going into the IVA) and it states that they had overcharged me and they have enclosed a cheque made payable to me for over £400.Why would they do this when i still owe them money?What should i do now.
Posted: Thu Dec 22, 2011 10:12 pm
by Shining
Hi, I would talk this through with your IP and take their advice is the only thing I can suggest, maybe one of our experts will be able to advise. x
Posted: Thu Dec 22, 2011 10:16 pm
by kallis3
I agree - speak to your IP about this as I've never heard of it happening before!
Posted: Fri Dec 23, 2011 11:33 pm
by MelanieGiles
Let's hope that you have the £500 level on windfalls and are able to keep the money. What a silly creditor, and personally I would check your proposal before notifying your IP to see if you are entitled to retain the money. If so, a quick call to the creditor concerned to check if they have made a mistake would be the right thing to do.
Posted: Tue Dec 27, 2011 7:37 pm
by barra
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
Let's hope that you have the £500 level on windfalls and are able to keep the money. What a silly creditor, and personally I would check your proposal before notifying your IP to see if you are entitled to retain the money. If so, a quick call to the creditor concerned to check if they have made a mistake would be the right thing to do.
Posted: Tue Dec 27, 2011 7:52 pm
by barra
Thank you Melanie.I spoke to Payplan abount PPI refunds on some credit cards,he said i would have to give it back,so i expect that it will be the same for this.I did wonder if it was a trick by the creditor ,so that on my next review ,the i would be rejected by this creditor.They say they were not entitled to charge me interest on my account for non-compliance.I know that i will be needing a new washing machine soon,so it would be a big help to me.Ah well.